Startup Association of India – Antworks SME Club program - SAI

Startup Association of India – Antworks SME Club program

Announcing our SME Club program to help members with financial and insurance services

Announcing our SME Club program to help members with financial and insurance services. Our partner (AntPay) has developed a process relevant to the Indian startup ecosystem. This program is modeled on the services of the AntPay Neo Bank and includes the benefits of their SME Advantage Club initiative. We are offering this curated program to our supporters because many of the startups and startup enablers want to avoid the expensive and lengthy application processes that traditional banks have. Neo banks are quick to provide them with financial (e.g., Card, e-Wallet, Bank Accounts) and insurance services (e.g., the Group Insurance program we have been running for a few years). Another reason is that our Group Insurance program has already shown how beneficial this is in acquiring and retaining talent. The program enables employees and companies in the ecosystem to easily manage their finances and disburse funds like salaries and reimbursements.

Employee participants will get many benefits including an e-wallet and India’s first e-wallet based Debit Card (RuPay).
The insurance services extend the Group Insurance program (Group Health policy or COVID-19 Health policy) we have been running for a few years.

Please see below for the details of this program and how SME Club includes many more benefits. Our advisory on COVID also recommended you cover all employees with quality health coverage.

Eligibility Criteria

Participating company has to be member of Startup Association of India

Eligibility Criteria (if also purchasing insurance)

Participating company has GST number and PAN card
All members taking the Group Mediclaim cover declare that they are participating in Group Medical plan for the first time. They should not be covered under any existing group Insurance. If a member already has a group insurance plan and it wants to shift to SAI – Max Bupa Group Mediclaim, they should give a declaration that their claim ratio in their previous policy (as reported by their plan’s MIS) was less than 80%
All employees and (depending on company’s selection) all eligible dependents are covered. Participating company choosing the COVID-19 coverage has to give details of ALL employees. Participating company choosing the Group Mediclaim plan have to declare details of those employees to be covered by SAI – Max Bupa Group Mediclaim and all eligible dependents.

About Startup Association of India (SAI)

We are a Delhi, India based platform that connects anyone doing business in the Indian startup space with our partners (even if it’s an international company). We work with the Ankurit Capital Fund to help members with funding (formerly known as Venture Gurukool Capability Fund – https://ankuritcapital.com/). India is now the 3rd largest startup ecosystem, largely because of the support of the government. We have been making representations to policy makers and invite you to take a look at our website (https://startupassociation.in/).

About Antworks Money

One of the leading financial and insurance service company in India. Their insurance brokerage (Antworks Insurance Broking – license no. 481) is IRDA registered. AntPay is their recently launched neo bank and they have combined all financial and insurance services for SMEs under their AntPay SME Advantage Club initiative.

SME Club program

More Information on Group Insurance program

Address - 7, Paschimi Marg, Block C, Vasant Vihar, New Delhi, Delhi 110057
Email - info@startupassociation.in
Phone - 011 4173 0003

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Startup Association of India – Antworks SME Club program