SBI General Insurance’s new health cover to offer unlimited `refills’

Mumbai:SBI General Insurance has launched a health insurance plan where the policyholder can 'refill' the sum insured if a claim uses it up. The plan also allows policyholders to obtain 3x insurance coverage for severe illnesses through a 'multiplier.'

The 'Super Health Insurance' coverage includes 27 standard and seven optional coverages. Four plans under the product offer a wide range of sum insured options, ranging from Rs. 3 lakh to Rs. 2 crores, and buyers can choose a policy tenure from one to three years.

"This flagship health insurance product also includes new-age features like wellness coverage, including the 'Walk Healthy Benefit' feature. This allows customers to accrue health benefits by achieving a step goal on a dedicated app, leading to a reduction of up to 30% on their renewal premium," said Anand Pejawar, whole-time director SBI General Insurance.

The "ReInsure Benefit" or the refill of the sum insured feature is available unlimited times in various forms from the first claim. A multiplier benefit of three times the sum insured is available for sum insured amounts of Rs. 15 lakhs and above. A multiplier of two times is available for sum insured amounts between Rs. 3 lakhs to Rs. 10 lakhs.

SBI General has established a dedicated health vertical that offers unique need-based health products and handles claims with an in-house model.

Other features include an enhanced cumulative bonus (ECB), which will be applied at 50% of the base sum insured of the immediately preceding policy year for each claim-free policy year.

Additional benefits include a claims shield benefit that will assist with payments towards non-medical expenses, commonly described as consumables by hospitals.