2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI General Insurance
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Bajaj Allianz General Insurance
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ICICI Lombard
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HDFC ERGO General Insurance
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Detailed explanation-1: -The correct answer is SBI General Insurance . SBI General Insurance launched a new health insurance vertical on 1 June 2022. Through this vertical the company plans to focus on new innovative health products, in-house claim settlement process, among others, to boost customer experience.
Detailed explanation-2: -Milestone. General Insurance Corporation launched India’s first mediclaim policy in 1986 to standardise the terms and conditions under health insurance. This voluntary health insurance plan indemnified hospitalisation costs with exclusions such as pregnancy, pre-existing diseases, HIV-AIDs, childbirth, etc.
Detailed explanation-3: -One can trace the earliest roots of health insurance in the post-independence era. During this period, government schemes were introduced in 1948 and after. These included the Employer State Insurance Scheme (ESIS) and the Central Government Health Insurance Scheme (CGHIS).