Mumbai :  SBI General Insurance and State Bank of Travancore (SBT) today jointly announced the launch of SBI General’s Group Health Insurance Policy exclusively for SBT Account holders and their families.

Speaking on the occasion, Mr. Jeevandas Narayan, DMD – OSD, SBT said, “We are happy to bring SBI General’s Health Insurance Policy to our customers through our vast network of branches at an affordable premium.  With the cost of treatment increasing by 15-20% a year, it is going to make a serious dent in the middle class household budget.  SBI General’s Health Insurance Policy provides a much-needed cushion with its affordable premium.  For a 35 year old adult it will just cost Rs.1, 300/- to have a Rs.100, 000 cover – i.e. just Rs.3.56 per day.  We see great potential for SBI General’s Health Insurance Policy in the State of Kerala”.

SBI General’s Health Insurance Policy offers the following key benefits:

Multiple Coverage options – Individual & Family Floater options with Sum Insured of Rs.100, 000 to Rs.500, 000.

No pre-policy medical test up to the age of 65 years for people with no medical history

142 day care procedures covered, one of the highest in the Industry

Guaranteed renewal, if opted for

Coverage of pre and post-hospitalisation expenses – 30days before and 60 days after the hospitalisation

Backed by fair, fast and transparent claim process

Cashless treatment across 3,000+ hospitals in the network

Introducing SBI General’s Group Health Insurance Policy to the media, Mr.Bhaskar J Sarma, MD & CEO of SBI General Insurancesaid, “At 60%, India has one of the highest out-of-pocket (paid by the patient) health care expenditures in the world.  One of the major reasons that India’s poor incur debt is the cost of health care.  What we really need is a health Insurance which is priced just right and affordable for the vast majority of people.  Health Insurance that is affordable is the key for penetrating further in semi-urban and rural areas”.

He further added “We fully understand family’s happiness is priceless.  SBI General’s Health Insurance Policy is designed to protect the happiness of the family with its affordable premium”.

Source : Sachin Murdeshwar