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New hospitalisation plan from SBI Life by March
Coimbatore, Dec 05: SBI Life insurance is working on a comprehensive healthcare plan, a hospitalisation plan, which would be likely in place by the end of this financial year, a senior official said today.
Coimbatore, Dec 05: SBI Life insurance is working on
a comprehensive healthcare plan, a hospitalisation plan, which
would be likely in place by the end of this financial year, a
senior official said today.
The company, which provides insurance cover in six
critical illness, such as heart attack, cancer, stroke,
angioplasty, organ transplantation under 'Dhanvantari,' was in
the process of finalising the modalities on the
hospitalisation plan, R Krishnamurthy, managing director and
CEO, SBI Life Insurance told reporters here.
Expressing hope that the hospitalisation plan was likely to be in place by the end of the current fiscal, he said with more people opting for Dhanvantari scheme, there existed tremendous potential in the health sector.
Krishnamurthy, here in connection with the launch of 'Swadhan' plan, said the company, which registered a premium income of rs.70 crore upto November this year, was expecting a business of rs.140 crore during the current year, as against Rs 72 crore registered last year.
On achieving the target of 75 per cent business through Bancassurance, he said the company's business was from this segment, which was 12 per cent in the last year, has reached 38 per cent upto November this year.
There was 20 to 22 per cent annual growth in the life insurance sector of rs.45,000 crore. Private players, with the present 10 per cent market share, would enhance their share to 12 to 15 per cent by next fiscal, he said.
Bureau Report
Expressing hope that the hospitalisation plan was likely to be in place by the end of the current fiscal, he said with more people opting for Dhanvantari scheme, there existed tremendous potential in the health sector.
Krishnamurthy, here in connection with the launch of 'Swadhan' plan, said the company, which registered a premium income of rs.70 crore upto November this year, was expecting a business of rs.140 crore during the current year, as against Rs 72 crore registered last year.
On achieving the target of 75 per cent business through Bancassurance, he said the company's business was from this segment, which was 12 per cent in the last year, has reached 38 per cent upto November this year.
There was 20 to 22 per cent annual growth in the life insurance sector of rs.45,000 crore. Private players, with the present 10 per cent market share, would enhance their share to 12 to 15 per cent by next fiscal, he said.
Bureau Report