SBI Life Insurance Co on Thursday launched its first group health insurance plan ‘Criti9’ for State Bank Group customers.
The introduction of ‘SBI Life - Group Criti9’ here is part of a pilot project, and the company intends to introduce the offering across the country in due course, the life insurance company’s managing director and CEO, Uday Sankar Roy told reporters.
Criti9 provides protection against nine critical illnesses, including cancer, heart-attack (myocardinal infraction) and major organ transplant, the company said.
The paln is available for State Bank Group account holders aged 18 to 55 years, with maximum cover ceasing age being 65.
The minimum sum assured is Rs 25,000 and the maximum Rs 5 lakh. The plan can be availed for a minimum term of two years and a maximum of five years with an annual premium mode.
Roy said, “SBI Life - Group Criti9 attempts to provide a superior health insurance option, somewhat akin to what an individual would get in a traditional Indian joint family system”.