SBI General Insurance has announced revision of premium rates for health insurance products with effect from February 1, 2025. This decision has been taken especially in the context of rising medical costs and emerging healthcare needs. The company has taken this step with the aim of providing better financial security to the customers, and this amendment will be applicable to five major products. However, by how much percent is the company going to increase the price? He has not given any information about this.
This list includes Arogya Sanjeevani Policy, Micro Insurance Product, Group Micro Insurance Product and Arogya Top-up Policy. In line with recent regulatory orders, the company has reduced the waiting period for pre-existing diseases from 48 to 36 months. This change is being made with the aim of providing more benefits to the customers.
The company gave information
Subramaniam Brahmajosula, Chief Product and Marketing Officer, SBI General Insurance, said the need for accessible health coverage has become more important amid rising healthcare costs and lifestyle-related diseases. This premium helps us continue to offer high-quality and affordable solutions, protecting the financial well-being of our customers.
This is its specialty
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 global coverage and cumulative bonus. This policy is ideal for group and retail health customers, 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 has registered a 591% increase in profit after tax, which has increased from Rs 60 crore to Rs 414 crore in the same period last year. Along with this, the premium market of the company has also increased by 16%.
