SBI General Insurance has partnered with Starfin India, a subsidiary of BLS E-Services, to introduce an innovative Hospital Daily Cash Benefit Plan for low-income families.
Hospitalisation costs can significantly impact savings due to the potentially high expenses associated with treatment, medication, and recovery. This financial stress is often compounded by income loss and out-of-pocket expenses such as travel, medication, and attendant care. Under this plan, the policyholders will receive a fixed daily cash benefit during hospital stays due to illness or accidents, helping reduce financial stress during challenging times. It will also include coverage for accidental death and partial disability, offering added protection and peace of mind to insured individuals.
To facilitate this initiative seamlessly, Starfin India is leveraging its tech-enabled platform to simplify the insurance experience for customers. The platform enables quick policy issuance and offers an end-to-end claims process. Users can select coverage options, fill in necessary details, and make payments online. Upon completion, a cover note is issued, followed by the final certificate of Insurance from SBI General within a specified timeframe. Claims can be registered through the Claims app or web portal, with a simple document submission process and a 30-day turnaround time post-verification.
