SBI To Venture Into Health Insurance By July End
SBI and BNP Paribas Assurance, jointly plans to launch health insurance products by July, 2008. They have already applied to IRDA and are waiting approval of same.
In any normal cashless health insurance policy, cash is usually paid to the hospital. In the proposed policy by SBI, the insured will get some amount in cash whenever an ailment which is covered by the insurance policy is detected. The mediclaim will provide insurance cover for life threatening ailments like heart attack, cancer and blood pressure.
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