Mumbai: Raheja QBE has launched its first health Insurance product to provide a solution to high medical inflation and fill a need in the market for comprehensive health insurance. As a specialist player in corporate commercial insurance space, Raheja QBE is now bringing its expertise and service quality to the retail health insurance sector.
“With medical costs spiraling upwards, health insurance is the need of the hour. We are very excited about this product as it can be customized for people with diverse needs. The health care sector is faced with progressively rising costs of medication and healthcare services. Health insurance is now considered a viable alternative to diminish the risk of healthcare expenditures by many households,” said Mr. Praveen Gupta, Managing Director and Chief Executive Officer of Raheja QBE. “Having successfully established ourselves in the space of complex corporate-commercial insurance solutions, we are now ready to foray into the health space.”
Raheja QBE has designed the health insurance offering specifically for the High Net worth Individuals (HNI) and emerging HNI segments. Some of the unique propositions of the product include: coverage for the cost of non-medical expenses; 10% additional sum insured when using a cashless facility; a single policy to cover different variations; and sum insured amount of up to INR 50 Lakhs.
Health Insurance investments are generally considered high risk by customers and there are several concerns attached to benefits and coverage. In this scenario, Raheja QBE offers relief to policyholders through their maiden product with complete coverage and high-quality service. With strong underwriting capabilities, experience in managing top-notch corporate clients and highly innovative product and process teams, Raheja QBE is well positioned to succeed in the health insurance space.