Loop Health, a VC-backed startup that provides affordable health insurance and primary care, today announced that Amit M. Punchhi has joined the founding team as President. Amit will bring expertise and experienced leadership to Loop Health’s mission of transforming corporate health insurance.
Amit has 30 years of experience in global financial services and was most recently part of the Executive Council at HDFC Life as CBO & CIO. As CEO of Reinsurance Group of America (RGA) in Hong Kong, Amit led various businesses across multiple countries between 2010 and 2017.
Welcoming Amit as the President, Mayank Kale, CEO, Loop Health said, “Amit has been part of Loop Health’s journey since the beginning. He had invested in Loop Health a year ago as an angel investor in our seed round. We are thrilled to have Amit onboard given his expertise and experience in the insurance and financial services sector. His addition to the team is a crucial step in Loop Health’s future growth and expansion.”
Commenting on the announcement, Amit Punchhi said, “I am excited to deepen my involvement with the founders who are passionate about improving healthcare solutions for companies and their employees in India. 150+ companies today trust Loop Health to support 100,000+ employees and their dependents for their Insurance and Healthcare needs. Over a period of discussions with the co-founders at Loop, we realised that our experiences and skills were complementary while our mindsets around future healthcare were synched. I found that inspiring and attractive.”
Founded in 2018, Loop Health is a new age healthcare provider in India combining high-quality primary care and insurance for employers. The startup enables businesses to help their employees get better healthcare services by providing members with access to preventative care and a team of doctors at any time, through its mobile app.
About Loop Health
Loop Health was founded in 2018 to revolutionise the way health insurance coverage works. Currently, the company offers group health insurance plans from well-known insurers to businesses ranging from startups to large enterprises, together with a virtual primary care experience provided by an in-house medical team and a network of other service providers. Unlike other insurance brokers, we assure that members have access to high-quality preventive health care as an add-on benefit, rather than using the policy/product just when they need it, such as during a hospitalisation, medical procedure, or a claim. Organisations that have subscribed to Loop Health’s solutions include GE, Helpshift, Shoptimise, Weikfield and MSwipe.
Loop Health is backed by investors such as Sierra Ventures, Y Combinator and Soma Capital.
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<www.loophealth.com>. Follow us on < linkedin.com/company/loop-health>.
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