SBI General Insurance has unveiled a health insurance policy, named ‘Super Health Insurance’, the insurer announced in a press release on September 11, 2023.
According to the insurer, the product has been meticulously crafted to ensure that customers are equipped with a comprehensive healthcare policy that caters to all their medical needs, including hospital and other medical expenses.
The ‘Super Health Insurance’ policy boasts of an extensive array of coverages, encompassing 27 standard coverages along with seven optional ones. The product offers four distinct plans, each providing a broad spectrum of sum insured options, ranging from Rs 3 lakh to Rs 2 crore.
Customers also have the flexibility to choose a policy tenure ranging from 1-3 years. The product, according to SBI General Insurance, has been designed to accommodate individuals across various income groups, including non-resident Indians (NRIs) as well as those from the lower income groups.
ReInsure Benefit: This provision provides policyholders with the option to refill the sum insured an unlimited number of times during the policy tenure, activated with the first payable claim. This feature ensures coverage for both related as well as unrelated illnesses or injuries.
Health Multiplier: This provision empowers policyholders to increase the sum insured for listed serious illnesses by a threefold multiplier.
Enhanced Cumulative Bonus (ECB): This applies a 50 per cent increase to the base sum insured from the immediate preceding policy year for each claim-free policy year.
Claims Shield Benefit: This feature facilitates payments toward non-medical expenses (commonly known as consumables) during hospitalisation.
Annual Health Check-Up From Day 1: This feature ensures that policyholders have access to annual health check-ups from the very first day of coverage.
Outpatient (OPD) Cover: This provides coverage for outpatient expenses, including diagnostics and pharmacy costs.
Supporting A Medical Treatment Abroad Cover: This provision extends coverage for 16 major listed illnesses when seeking medical treatment abroad.
Anand Pejawar, whole-time director, SBI General Insurance, said: “At SBI General, we are committed to providing 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 that not only offers unique need-based health products, but also services the claims with the in-house model. As part of this accelerated focus, we are glad to launch Super Health Insurance, a health insurance product with best-in-class coverages and features.”
He added: “Our endeavour is to offer the “ReInsure Benefit” i.e., refill of the sum insured, for an unlimited number of times in various forms from the first claim itself. Besides these, this flagship health insurance product also has some new-age features like wellness cover that includes the ‘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 per cent on their renewal premium.''