<h1>Licensed insurer launches digital health wallet converting employer allocations to spend on diagnostics, specialists, prevention and eldercare</h1> A regulatory-licensed insurance and healthcare provider has launched a benefits product converting employer health allocations into digital health wallets, allowing employees to spend on diagnostics, specialist care, preventive programs and eldercare. The firm cites industry data that roughly 90% of employer health budgets go unused and reports early-adopter employers saw about 30% of employees upgrade coverage, with average incremental utilization of INR 18,000. The offering combines brokerage and care delivery, aiming to reduce claims friction, eliminate multiple vendors and waive implementation fees typically incurred by employers. The company intends to scale the product to mid-market and enterprise clients nationwide within 12 months.