-5.45 (-0.52%) State Bank of India’s (SBI) subsidiary company -- SBI General Insurance has been chosen by the Government of Punjab to service the Ayushman Bharat Sarbat Sehat Bima Yojana (AB-SSBY). As part of the scheme, in collaboration with the Government, the company will play a critical role in expanding the health insurance coverage in the state of Punjab especially to the less privileged sections.
Under this scheme, SBI General will provide the suraksha aur bharosadono for the people of Punjab, by providing cashless health insurance cover of Rs 5 lakh annually to more than 40 lakh eligible families in Punjab. As part of this policy, the families will also be eligible to benefit from cashless secondary and tertiary care treatments at public and private hospitals with coverage of pre-existing diseases.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.