health insurance
SBI General Insurance has announced a revision in premium rates for health insurance products with effect from February 1, 2025. This decision has been taken especially in the backdrop of rising medical costs and emerging healthcare needs. The company has taken this step with the aim of providing greater financial security to customers, and this modification will apply to five main products. However, by what percentage is the company going to increase the price? He has not given any information about it.
This list includes Arogya Sanjeevani policy, microinsurance product, group microinsurance product and Arogya top-up policy. In line with recent regulatory orders, the company has reduced the waiting period for pre-existing conditions from 48 to 36 months. This change is made with the aim of providing more benefits to customers.
The company gave information.
Subramaniam Brahmajosula, chief product and marketing officer at SBI General Insurance, said the need for affordable health coverage has become more important amid rising healthcare costs and lifestyle-related diseases. This bonus helps us continue to offer high-quality, affordable solutions, protecting the financial well-being of our clients.
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Recently, the company introduced the ‘SBIG Health Super Top-up’ policy, which provides protection to policyholders beyond their basic health insurance coverage. The plan is available in sum assured ranging from Rs 5 lakh to Rs 4 crore and includes features like comprehensive coverage and cumulative bonus. This policy is ideal for group and retail health clients, especially high net worth individuals looking for comprehensive coverage.
SBI General Insurance has presented excellent financial results in the first half of the current financial year. The company posted a 591% rise in profit after tax, which rose from Rs 60 crore to Rs 414 crore in the same period last year. In addition, the company’s premium market also increased by 16%.
