(MENAFN) After signing a deal with private health insurer Medibank Group, Kogan.com is to start selling budget health insurance policies based on a new brand called Kogan Health.
According to the online retailer, the deal is arranged for three-year period, and will be supervised by Medibank-owned Australian Health Management Group (ahm).
The online retailer will be responsible of providing online branding, marketing and customers, earning commissions on sales of all insurance policies, while Medibank will be providing guarantees to enhance investment capital from investors.
Once the announcement was made, Kogan shares jumped 2.7% to 4.84 USD on Tuesday, while shares of Medibank have dropped 1.2% to 3.26 USD.
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