Wednesday, December 4, 2013

SBT ties up with SBI Gen to launch affordable health plan for its customers

To provide affordable health insurance benefits to its account holders and their families, State Bank of Travancore (SBT) and SBI General Insurance yesterday jointly launched a group health insurance policy.

From now on SBI's insurance policy will be available to their customers through their network of branches at an affordable premium, said SBT deputy Managing Director Mr. Jeevandas Narayan.

In terms of affordability, a 35-years old SBT account holder can have a medical cover of Rs. 100,000 by just paying a modest premium of Rs. 1,300 per annum.

In other benefits under this plan, the policy does not require any pre-policy medical test up to the age of 65-years for people with no medical history. It also includes a wide coverage of 142-day care procedures, which is one of the highest in the industry. Besides, it also offers coverage of pre and post-hospitalisation expenses, transparent claim process and cashless treatment across over 3,000 hospitals in the network.

Mr. Bhaskar J. Sarma, MD-cum-CEO of SBI General, said, “India is one of those countries in the world which have the highest out-of-pocket health care expenses. One of the major reasons that India's poor incur debt is the cost of health."

This product is tailored to protect the happiness of the SBI account holders and their families with its affordable premium, Mr. Sharma added.

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