Gift insurance policy to anyone! SBI General Insurance makes it possible

When you buy an insurance policy, the insured has to be either you or someone related to you. But, after the launch of SBI General Insurance's "Shagun – Gift an Insurance”, it is not necessary for the policy buyer to be related to the insured. It is a unique Personal Accident policy approved by the insurance regulator Insurance Regulatory and Development Authority’s (IRDAI). The key differentiating feature of the policy is that it can be gifted to anyone you want, which means it is not necessary for the policy buyer to be related to the insured.

Speaking on the launch of the product, PC Kandpal, MD and CEO at SBI General Insurance said, “Shagun is a unique offering by SBI General. In our Indian culture, we often celebrate our milestones or auspicious occasions by gifting either something or an envelope of money. This gesture is synonymous with well wishes and good luck. At SBIG, we ideated “Shagun” as a valued gift of security to be positioned for such kinds of gestures. The premium of the product has also been designed at Rs 501, Rs 1001, Rs 2001. Thus, not just the name “Shagun” but also the premium amount has a touch of our Indian tradition.”

Kandpal further added, “Shagun can be gifted to anyone viz your family, friends, extended family and even domestic helpers, drivers, cooks etc., and on any occasion like passing an exam, buying a new car, new home, birthdays, marriage, anniversary, buying a new bike, college admission, etc.”

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Shagun covers personal accident insurance which provides complete financial protection to the insured person against uncertainties such as accidental death and partial or total disabilities, and permanent as well as temporary disabilities resulting from an accident.