Amazon Pay To Double Down On Insurance With New Offerings

•Amazon Pay India CEO Vikas Bansal announces expansion of insurance offerings to include travel insurance and other products.

•The expansion is part of Amazon Pay's strategy to evolve into a broader financial service platform, including credit, insurance, and savings products.

•Amazon Pay has partnered with HDFC ERGO to offer health insurance, with Bansal citing health insurance as a key area for expansion.

•Amazon Pay operates as a registered corporate agent, allowing it to distribute insurance products from licensed insurers.