SBI General Insurance and Starfin India Introduce Hospital Cash Plan for Low-Income Families

SBI General Insurance, in collaboration with Starfin India (a subsidiary of BLS E-Services), has introduced a Hospital Daily Cash Benefit Plan to provide basic financial support during hospital stays. The plan is targeted at low-income families to help cover incidental expenses during medical emergencies.

Plan Structure and Benefits

The plan offers fixed daily cash payouts for policyholders hospitalised due to illness or accidents. It also includes coverage for accidental death and partial or total permanent disability. The benefits are higher for ICU admissions, with coverage extending to teleconsultation services for all policyholders.

Premiums and Coverage Options

The plan is available in multiple premium slabs. At ₹399 per year for adults (₹259 for children), it offers ₹1,000 per day for hospitalisation and ₹2,000 per day for ICU admissions. A higher tier at ₹799 annually (₹659 for children) offers ₹2,000 for general hospital stays and ₹4,000 for ICU stays.

Policyholders are covered for accidental death and permanent total disability up to ₹1 lakh. Partial disability is also included in the coverage. The intention is to provide a layer of income protection alongside the hospital cash benefit.

Digital Onboarding and Claims

The plan is issued and managed through Starfin’s tech-enabled platform. Customers can choose their coverage, upload basic details, pay online, and receive policy documents digitally. Claims can also be filed online, with a 30-day processing period from the date of document submission.

The product is for underserved and low-income segments, where even short hospital stays can result in financial strain. It is to address daily expenses like travel, medicine, or loss of income, which are not covered by regular health insurance.

Read More: SBI Plan to Raise ₹25,000 Crore Via QIP/FPO in FY26!

Conclusion

The Hospital Daily Cash Benefit Plan provides basic financial cover for families during hospitalisation, with simple digital access and low-cost premiums. It is structured to support medical-related out-of-pocket expenses often overlooked in standard insurance plans.

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