Mumbai, Oct 7 (BVI) SBI General Insurance has announced the launch of its flagship retail health insurance product – Health Alpha.
Designed for unlimited flexibility and over 50 coverage options, Health Alpha embodies the ethos of ‘Your Health. Your Cover. Your Way’.
It will empower customers to create personalized health plans that suit their lifestyle and healthcare requirements, the company said in a statement.
The product provides wide range of sum insured options ranging between INR 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.
Crafted to cater for the rapidly evolving ecosystem and wide array of customers, Health Alpha provides a range of customer-focused, personalized coverage options that emphasize comprehensive protection and flexibility. 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 hospitalization expenses for a single claim beyond the Base Sum Insured, this benefit can be availed once in lifetime of the policy
- Gym & 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%, if new policy is purchased within 5 days of quote generation.
Along with Hospitalization, the product brings together essential health insurance benefits such as Pre and Post hospitalization cover, Day Care Treatments, AYUSH Treatment, Critical Illness, Hospital Daily Cash, Global Cover, Personal Accident Cover to new coverages like Gym and Sports Injury Cover, Endless Sum Insured, Modifiers and many more, the statement said.
While all covers are offered on an optional basis, Health Alpha allows customers to adjust coverage limits within each benefit, select from multiple sub-limits, and modify waiting periods, ensuring complete flexibility to customize their health plan to individual needs, the company said. (BVI)
