.jpg)
Synopsis : SBI General Insurance has launched the SBIG Health Super Top-Up policy, providing enhanced coverage with a sum insured ranging from Rs5 lakh to Rs4 crore. Aimed at retail, group health, and HNI customers, the policy features flexible deductible options, unlimited restoration, and global coverage. With premiums starting at Rs3,377 and long-term options up to three years, this policy offers an affordable solution to rising healthcare costs in India.
SBI General Insurance has launched a new product, the ‘SBIG Health Super Top-Up’, designed to provide enhanced health insurance coverage beyond basic policies. This top-up policy is available in two variants and offers sum insured options ranging from Rs5 lakh to Rs4 crore, catering to diverse customer needs. The introduction of this policy comes at a time when medical inflation in India is rising at approximately 14% annually, driving up the cost of healthcare.
The policy aims to offer a cost-effective solution by acting as an add-on to existing health insurance plans, either corporate or individual. It allows policyholders to customize their coverage with flexible deductible options and sum insured limits. Customers can make claims under this policy when the coverage from their primary health insurance is exhausted or if the expenses exceed a specified deductible amount.
Key Features of the SBIG Health Super Top-Up:
Flexible Deductible Options: Offers both annual and long-term aggregated deductibles, allowing customers to choose deductible amounts between Rs2 lakh and Rs2 crore.
Extensive Coverage: Sum insured options range from Rs5 lakh to Rs4 crore.
Cumulative Bonus Protection: The cumulative bonus (CB) remains unaffected, even after claims.
Unlimited Restore Benefits: Coverage can be restored an unlimited number of times for related or unrelated illnesses and injuries.
Global Coverage: The policy offers worldwide protection for medical emergencies.
Affordable Premiums: Premiums start as low as Rs3,377 for individuals aged between 18 and 35.
One-Time Welcome Discount: A 5% discount is available for customers purchasing the policy within five days of receiving a quote.
This policy is targeted toward retail customers, group health plan holders, and High-Net-Worth Individuals (HNIs) seeking broader coverage. Additionally, the SBIG Health Super Top-Up offers long-term coverage options for up to three years, addressing the needs of individuals and families looking for comprehensive and affordable health insurance plans.
Why It Matters:
The launch of this top-up policy addresses the increasing demand for more comprehensive health insurance due to the growing incidence of lifestyle-related diseases and rising healthcare costs in India. The product's unique offerings, including global coverage and cumulative bonuses, make it an attractive option for those seeking higher protection at a reasonable cost.
