Mumbai: SBI General Insurance, one of India’s leading general insurers, has partnered with Starfin India – a subsidiary of BLS E-Services Ltd – to introduce an affordable and innovative Hospital Daily Cash Benefit Plan designed to financially support low-income families during medical emergencies.
Hospitalization often results in significant financial strain, including treatment costs, travel expenses, and income loss.
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The newly launched Hospital Daily Cash Benefit Plan provides policyholders with a fixed daily payout for each day of hospitalization due to illness or accidental injuries. The plan also includes coverage for accidental death and partial disability, ensuring enhanced protection for vulnerable families.
Priya Kumar, Business Head – Emerging Business Lines, SBI General Insurance, commented, “Our partnership with Starfin India supports IRDAI’s vision of timely claim settlements and inclusive insurance.
This plan is a step toward strengthening financial resilience among underserved families during critical health episodes.”
Shikhar Aggarwal, Chairman of BLS E-Services Ltd, added, “This collaboration delivers affordable financial protection when families need it the most. Our goal is to empower communities through simplified insurance solutions that truly serve their needs.”
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Starfin India is leveraging its digital-first platform to simplify the insurance journey for users. Customers can quickly select their coverage, complete documentation, and make payments online.
Hospital Daily Cash Benefit Plan: Policy Issued Digitally
The policy is issued digitally, and claims can be raised via app or web portal, ensuring a smooth experience with a 30-day resolution timeline post-verification.
Lokanath Panda, COO, BLS E-Services, emphasized, “This plan provides not just daily cash benefits but also crucial accident coverage – helping families navigate health-related crises with greater confidence and security.”
This initiative highlights the shared commitment of SBI General Insurance and Starfin India to advance financial inclusion by delivering easy-to-access, affordable Hospital Daily Cash Benefit Plan coverage to India’s underserved segments.
