SGI – Shriram General Insurance Introduces Shri Health Suraksha Insurance
January 31, 2025: Shriram General Insurance (SGIC) has launched its first ever indemnity health insurance plan – Shri Health Suraksha Insurance, designed to cover a wide variety of treatments, including modern procedures and AYUSH treatments (Ayurveda, Yoga, Unani, Siddha, and Homeopathy), offering flexible options to meet the insured’s diverse healthcare needs. The new offering provides nationwide coverage, allowing access to cashless treatments at over 13,000 network hospitals with a range of options enabling individuals choose a plan suitable to their needs.
Anil Aggarwal, MD & CEO, Shriram General Insurance Company says, “Apart from being emotionally depleting, health emergencies or conditions can drain your finances. Shri Health Suraksha offers comprehensive coverage at an affordable premium with easy-to-understand terms, safeguarding one’s finances against any untoward medical emergencies. It enables the customer to provide medical treatment to their loved ones, unhindered by any financial challenges. We have priced premiums competitively for a family floater plan. The offering aligns with our vision to allow every Indian to access comprehensive and quality medical care.”
Key features of Shri Health Suraksha Insurance:
- Coverage for a wide variety of treatments, including modern procedures and AYUSH treatments (Ayurveda, Yoga, Unani, Siddha, and Homeopathy) for greater flexibility and versatility.
- Nationwide access for cashless treatments across over 13,000 network hospitals.
- Multiple sum-insured options to suit individual needs.
- The policy is available as individual coverage or as a family cover, with coverage for children aged 3 months or above, and parents and in-laws.
- Coverage for a wide range of hospitalisation costs, including room charges, ICU fees, doctor and surgeon’s fees, blood and oxygen costs, and more.
- Comprehensive coverage for long-term hospitalisation, including pre and post-hospitalisation expenses and ambulance costs, besides day care procedures involving anaesthesia.
- Increase in the sum insured in the of form cumulative bonus on every claim-free year.
- Grace period of 15/30 days as per the mode of premium instalment to maintain continuity benefit pertaining to waiting period.
- Yearly policy term with the option of annual renewal.
Shriram General Insurance has been writing benefit based health insurance products such as the Shri Criticare Policy, which provides a lump-sum payment if the policyholder is diagnosed with a specified critical illness or medical condition. In the event of a health emergency, it covers 22 critical diseases including cancer, open heart surgery, permanent paralysis of limbs, loss of speech, blindness, major head trauma and more.
When there is required due to a medical emergency, the daily expenses often exceed the coverage provided by the health insurance policy. SGIC’s Shri Hospital Daily Cash Benefit helps address these daily cash needs during the hospitalization period.
