Page 44 - The Insurance Times September 2025

New Product Launches

Comprehensive Coverage from Health to Home and Protection Plans

Zurich Kotak Health360 – Fixed Pre- Key highlights include:

mium, Flexible Coverage Coverage against 20+ risks including fire, floods, earth-
quakes, riots, and theft.
Zurich Kotak General Insurance has introduced Health360,
Seamless policy purchase via the PhonePe app - no pa-
a comprehensive health insurance plan combining stability,
flexibility, and wellness benefits. Available in three variants- perwork, inspection, or delays.
Silver, Gold, and Platinum-Health360 offers sum insured Applicable for homeowners with or without existing
options from Rs. 5 lakh to Rs. 1 crore. A key differentiator is home loans, and accepted by all lending institutions.
its "Premium Secure" feature that guarantees fixed premi-
Instant issuance ensures customers can protect their
ums for years, despite inflation. homes with ease and transparency.
Notable features include:
This launch brings simplicity, affordability, and flexibility to
"Cash Bag" Rewards: Earn 10% of the renewal pre-
mainstream insurance, democratizing home protection
mium on the first renewal and 5% thereafter for each
across India.
claim-free year. This amount can be used for
deductibles, OPD, or other non-payable expenses.
SBI Life - Smart Shield Plus: Future-Ready
Unlimited Restoration: Automatically restores the
base sum insured throughout the policy term, even for Term Insurance
recurring claims. SBI Life introduces Smart Shield Plus, a pure-risk term insur-

Cumulative Bonus: Get up to 100% increase in base ance plan designed for evolving protection needs. Offered
sum insured upon consecutive renewals. in three variants-Level Cover, Increasing Cover (with 5%
annual increase), and Level Cover with Future Proofing-the
One Plus Benefit: Add your future spouse to the policy
later, with the waiting period already fulfilled. product brings adaptability and long-term security.
Feature highlights:
Additional inclusions such as home nursing, daily cash ben-
Options to cover up to life term limits up to 100 years,
efits, compassionate visits, ambulance, maternity and
addressing long-term protection.
bariatric surgery, organ donor care, AYUSH, air ambulance,
Optional "Better Half Benefit": Add your spouse to the
and global cover make it a layered, wellness-oriented
product. same policy for seamless joint coverage.
Available in Regular Pay, Limited Pay, or Single Pay for-
By offering financial predictability and enhanced benefits, mats.
Health360 aligns with evolving customer needs for longev- Optional Accident Benefit Rider for enhanced protec-
ity and value in health insurance. tion.
Designed for inclusivity with lower premium rates for
PhonePe Home Insurance - Affordable female lives and high sum assured, helping bridge the

Coverage with Digital Ease protection gap.
PhonePe is redefining home protection with an ultra-afford- Available through both digital and traditional channels
able, fully digital home insurance product. Premiums begin with simple documentation.
at just Rs. 181 per year (inclusive of GST), offering structure Smart Shield Plus is aimed at offering flexibility, affordability,
and content coverage from Rs. 10 lakh to Rs. 12.5 crore. and future-proofing tailored to life-stage transitions.

40 September 2025 The Insurance Times