SBI General Insurance has announced the launch of its retail health insurance product – Health Alpha.
The product provides wide range of sum insured options ranging between Rs 5 lacs to unlimited sum insured. Policyholders can opt for a long-term policy option of up to five years, which enables them to safeguard towards medical inflation while enjoying tenure-based discounts. The entry age to purchase the plan is 18 years to no restriction for adults and 91 days to 25 years for children.
The key features of Health Alpha include:
- Up to 10x cumulative bonus: This is add-on cover which provides up to 10x cumulative bonus annually, if no claim is made under the policy.
- Unlimited sum insured: Base sum insured of the policy will be unlimited. A claim of any amount will become payable, subject to Policy terms and conditions
- Endless sum insured: Covers hospitalisation expenses for a single claim beyond the base sum insured, this benefit can be availed once in lifetime of the policy
- Gym and sports injury cover: This is industry’s-first and exclusive add-on which provides OPD benefits for injuries sustained during hobby sports or daily fitness activities, covering specialist consultations, diagnostic tests, prescribed medicines, and physical therapy.
- Plan ahead: This unique add-on benefit provides Waiting Period continuity earned by the policyholder to newly married spouse (age up to age 35 years) and/or newborn children (maximum 2 children), provided they are enrolled within 120 days of marriage or birth.
- Welcome discount: The product offers distinctive “ Welcome Discount” of 5 per cent, if new policy is purchased within 5 days of quote generation.
Speaking on the launch, Mohd. Arif Khan, Deputy Chief Executive Officer of SBI General Insurance, said “At SBI General Insurance, we are delighted to introduce “Health Alpha”, an industry first offering post GST reforms, revolutionizing affordability and accessibility. With rising medical costs, securing the right health insurance plan with adequate coverage is more critical than ever. Health Alpha is not just another health insurance plan; it redefines the way people experience health coverage, combining customisation, innovation, and customer-first solutions. With our extensive hospital network and robust claims process, we believe this product will set a new benchmark in empowering individuals and families to take control of their health insurance like never before.”