HEALTH INSURANCE MARKET ANALYSIS
Global Health Insurance Market: Key Developments
In April 2023, SBI General launched a fully customizable, digital-only health product 'Health Edge Insurance.' The policy offers a single comprehensive plan with nine basic indemnity covers and 18 optional covers, allowing customers to design a tailor-made health insurance policy as per their requirements. It offers customers a convenient and hassle-free experience.
In November 2022, Star Health and Allied Insurance declared the launch of the Star Patient Care Insurance Policy to offer comprehensive health and wellness benefits at a reasonable price. The Policy was developed to close the gap between inpatient hospital costs, which are covered by the health insurance sector, and outpatient costs.
In August 2022, Aditya Birla Capital Ltd. and Aditya Birla Health Insurance Co. Ltd. approved an investment of Rs 665 Crores by Abu Dhabi Investment Authority in the health insurer. The funds will be used to fuel the growth of the health insurer.
In July 2022, Bajaj Allianz Life Insurance and City Union Bank teamed up to provide a range of life insurance solutions to the bank's existing and prospective customers across its 727 branches.
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