Comprehensive Coverage from Health to Home and Protection Plans
1. Zurich Kotak Health360 – Fixed Premium, Flexible Coverage
Zurich Kotak General Insurance has introduced Health360, a comprehensive health insurance plan combining stability, flexibility, and wellness benefits. Available in three variants-Silver, Gold, and Platinum-Health360 offers sum insured options from Rs. 5 lakh to Rs. 1 crore. A key differentiator is its “Premium Secure” feature that guarantees fixed premiums for years, despite inflation.
Notable features include:
- “Cash Bag” Rewards: Earn 10% of the renewal premium on the first renewal and 5% thereafter for each claim-free year. This amount can be used for deductibles, OPD, or other non-payable expenses.
- Unlimited Restoration: Automatically restores the base sum insured throughout the policy term, even for recurring claims.
- Cumulative Bonus: Get up to 100% increase in base sum insured upon consecutive renewals.
- One Plus Benefit: Add your future spouse to the policy later, with the waiting period already fulfilled.
Additional inclusions such as home nursing, daily cash benefits, compassionate visits, ambulance, maternity and bariatric surgery, organ donor care, AYUSH, air ambulance, and global cover make it a layered, wellness-oriented product.
By offering financial predictability and enhanced benefits, Health360 aligns with evolving customer needs for longevity and value in health insurance.
2. PhonePe Home Insurance – Affordable Coverage with Digital Ease
PhonePe is redefining home protection with an ultra-affordable, fully digital home insurance product. Premiums begin at just Rs. 181 per year (inclusive of GST), offering structure and content coverage from Rs. 10 lakh to Rs. 12.5 crore.
Key highlights include:
- Coverage against 20+ risks including fire, floods, earthquakes, riots, and theft.
- Seamless policy purchase via the PhonePe app – no paperwork, inspection, or delays.
- Applicable for homeowners with or without existing home loans, and accepted by all lending institutions.
- Instant issuance ensures customers can protect their homes with ease and transparency.
- This launch brings simplicity, affordability, and flexibility to mainstream insurance, democratizing home protection across India.
3. SBI Life – Smart Shield Plus: Future-Ready Term Insurance
SBI Life introduces Smart Shield Plus, a pure-risk term insurance plan designed for evolving protection needs. Offered in three variants-Level Cover, Increasing Cover (with 5% annual increase), and Level Cover with Future Proofing-the product brings adaptability and long-term security.
Feature highlights:
- Options to cover up to life term limits up to 100 years, addressing long-term protection.
- Optional “Better Half Benefit”: Add your spouse to the same policy for seamless joint coverage.
- Available in Regular Pay, Limited Pay, or Single Pay formats.
- Optional Accident Benefit Rider for enhanced protection.
- Designed for inclusivity with lower premium rates for female lives and high sum assured, helping bridge the protection gap.
- Available through both digital and traditional channels with simple documentation.
- Smart Shield Plus is aimed at offering flexibility, affordability, and future-proofing tailored to life-stage transitions.
