Mumbai, 11th September 2023: SBI General Insurance, one of India’s leading general insurers, today announced the launch of ‘Super Health Insurance’ a comprehensive health insurance product. The product is designed to ensure that customers have an extensive health care policy that meets all health care needs and enables them to alleviate the financial burden associated with hospitalization and medical expenses.
The policy provides an extensive range of coverages, which includes 27 standard coverages and 7 optional coverages. There are 4 plans under the product which offers wide range of sum insured options ranging from Rs. 3 Lacs to Rs. 2 crores, and the policy tenure can be opted from one to three years. This product is designed to cater to a broad spectrum of customers, including individuals from all income groups, from lower income to NRIs.
Mr. Anand Pejawar, Whole-time Director, SBI General Insurance, said, “At SBI General, we have been committed to provide our customers, access to quality healthcare through our comprehensive health insurance solutions. In-line with this mission, we have accelerated our focus by building a dedicated health vertical which not only offers unique need-based health products but also services the claims with in-house model. As a part of this accelerated focus, we are glad to launch Super Health Insurance, a health insurance product with best-in-class coverages & features. Under ‘Super Health Insurance’, our endeavour is to offer the “ReInsure Benefit” i.e. refill of Sum Insured, for an unlimited number of times in various forms from 1st Claim itself.”
“Besides these, this flagship health insurance product also has some new-age features like, wellness cover that includes ‘Walk Healthy Benefit’ feature which allows customers to accrue health benefits by achieving a goal of steps on a dedicated app and thereby receive a reduction of up to 30% on their renewal premium”, he added.
Some of the exclusive covers of Super Health:
- ReInsure Benefit - Refill of sum insured unlimited times during the policy tenure which is activated with the first payable claim itself incase one is short of coverage for related/unrelated illnesses/injuries
- Health Multiplier feature which will enable the Sum Insured for listed serious illnesses to be increased by a 3(three) times* multiplier
- Enhanced Cumulative Bonus (ECB) – This will be applied by 50% of the Base Sum Insured of immediate preceding Policy Year in respect of each claim free Policy Year.
- Claims Shield Benefit will help with payments towards non-medical expenses (commonly known as consumables) during the hospitalization
- Annual health check-up from Day 1#
- Outpatient (OPD) cover# (including diagnostics and pharmacy expenses)
- Supporting a medical treatment abroad cover# (for listed 16 major illness)
*Multiplier of 3 times for Sum Insured 15 Lacs and Above and Multiplier of 2 times for Sum Insured between 3 Lacs to 10 Lacs
#Applicable for Platinum and Platinum Infinite plans
For Complete details on Product, please read policy document carefully.
About SBI General Insurance Company Limited:
SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI. We, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and have the vision to become the most trusted general insurer for a transforming India.
Ever since our establishment in 2009, our growth has been exponential in various aspects. We have expanded our presence from 17 branches in 2011 to over 141 branches pan-India. Till date, we have served over 34 crore customers. We have been awarded ‘Insurer of the Year’ in the non-life category at FICCI Insurance Industry Awards, for two consecutive years in 2020 & 2021. In 2022, recognized as the 'Best General Insurance Company of the Year' at the 'Third Emerging Asia Insurance Awards' organized by the 'Indian Chamber of Commerce'.
We have a robust multi-distribution model encompassing Bancassurance, Agency, Broking, Retail Direct Channels and Digital tie-ups. The widespread network of distributors like 22437 plus SBI branches, Agents, other financial alliances, OEMs, and multiple digital partners enable us to extend our reach to the pocketed remote areas of India. We offer a bouquet of products spread across various lines of businesses that cater to customers across all segments like Retail, Corporate, SME and Rural, ensuring accessibility via digital as well as physical modes.
SBI General Insurance reported a 17.6% growth in Gross Written Premium (GWP) in FY 2022-23 and the GWP stood at Rs. 10,888 crore.
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