Shriram General Insurance Company (SGIC) has launched Shri Health Suraksha 2.0, an enhanced health insurance product designed to address evolving healthcare needs. The policy aims to provide comprehensive, flexible, and all-inclusive health coverage, while reducing out-of-pocket expenses for policyholders.
Key Highlights
| Aspect | Details |
| Product Name | Shri Health Suraksha 2.0 |
| Launched by | Shriram General Insurance Company |
| Type | Indemnity-based health insurance plan |
| Objective | Provide comprehensive and flexible health coverage |
| Key Focus | Reduced out-of-pocket expenditure and enhanced coverage |
Shri Health Suraksha 2.0
- It is an indemnity health insurance plan, meaning it reimburses actual medical expenses incurred.
- Designed to address gaps in traditional health insurance policies.
- Provides holistic coverage, including modern medical treatments and AYUSH therapies.
- Focuses on eliminating financial burden through:
- No co-payment
- Expanded consumables coverage
Key Features
| Feature | Description |
| Unlimited Restoration Benefit | Sum insured is restored unlimited times within a policy year after exhaustion |
| Cumulative Bonus (up to 250%) | Increase in sum insured for claim-free years |
| No Room Rent Capping | No restriction on room/ICU charges |
| Zero Co-payment | No mandatory cost-sharing by policyholder |
| Ambulance Plus | Covers both road ambulance and air ambulance up to sum insured |
| Consumables Coverage | Covers items usually excluded (e.g., gloves, PPE, syringes) |
Additional Coverage Features
- Covers air ambulance expenses, which are often excluded in basic policies
- Integration of:
- Modern medical procedures
- AYUSH treatments (Ayurveda, Yoga, Unani, Siddha, Homeopathy)
- Designed to ensure:
- Greater flexibility
- Wider accessibility of healthcare services
Significance
- Addresses key issues in traditional insurance such as:
- Room rent limits
- Co-payment burden
- Limited restoration benefits
- Enhances:
- Financial protection
- Healthcare accessibility
- Supports:
- Increasing healthcare costs
- Demand for comprehensive insurance products
About Shriram General Insurance Company (SGIC)
| Aspect | Details |
| Ownership | Joint venture of Shriram Group (India) and Sanlam Group (South Africa) |
| Sector | General Insurance |
| Product Range | Motor, health, home, personal accident, fire, marine, engineering |
| Assets Under Management | ₹14,249 crore |
| Policies | 69 lakh live policies |
| Branch Network | 285 branches |
| Employees | 4,219 |
| Data As of | 31 December 2025 |
General Insurance in India
- Regulated by: Insurance Regulatory and Development Authority of India (IRDAI)
- Covers:
- Health insurance
- Motor insurance
- Property insurance
- Unlike life insurance, it provides non-life risk coverage
Types of Health Insurance Plans
| Type | Description |
| Indemnity Plan | Reimburses actual expenses incurred |
| Defined Benefit Plan | Pays fixed amount on diagnosis/hospitalization |
| Family Floater Plan | Covers entire family under one sum insured |
Key Insurance Terms
- Sum Insured: Maximum amount payable by insurer
- Co-payment: Portion of claim paid by insured
- Cumulative Bonus: Increase in sum insured for no claims
- Room Rent Capping: Limit on hospital room charges
- Restoration Benefit: Reinstatement of sum insured after exhaustion
AYUSH System
- Includes:
- Ayurveda
- Yoga & Naturopathy
- Unani
- Siddha
- Homeopathy
- Promoted by:
- Ministry of AYUSH, Government of India