- SBI General Insurance has launched a new policy named 'Shagun - Gift an Insurance' under the Insurance Regulatory and Development Authority’s Sandbox regulations.
- Highlights,
- This policy is a unique gift of Personal Accident policy.
- The unique feature of this policy is that it can be gifted to anyone, which means it is not necessary for the policy buyer to be related to the insured.
- Under this, the policy buyer can gift this to anyone like family, friends, and even domestic helpers, chauffeurs, drivers, cook, etc.
- But, the age of the receiver should be 18 to 65 years. It can be availed for up to 1 Year.
- It covers personal accident insurance which provides complete financial protection to the insured person against uncertainties such as accidental death and partial or total disabilities, and permanent as well as temporary disabilities resulting from an accident.
Published On : 26 Aug 2020
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