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New health product by SBI Life

SBI Life Insurance Company Ltd is coming up with a new health product at the start of the next fiscal year.

Apnainsurance.com Research Bureau

15 Feb 2008

State Bank of India Life Insurance Company Ltd is coming up with a new health product at the start of the next fiscal year, 2009-2010. SBI will also facilitate direct payment of premium through core banking network from May 2008.

The company also plans to explore the micro-insurance segment in Andhra Pradesh and has already executed the pilot project for it. The project is for Self-Help Groups (SHGs) which will insure 2.5 lakhs of women. The project is called Grameen Shakti in Bhubaneshwar.