Raheja QBE General Insurance, a joint venture (JV) involving Prism Cement Limited of Rajan Raheja Group and QBE Holdings of Australia, has rolled out its first health insurance product.

The new health insurance policy, which offers to a solution to high medical expenses, aims to fulfil the market’s requirements for comprehensive health insurance.

Leveraging its expertise in corporate commercial insurance space, Raheja QBE is now offering new insurance plan to the retail health insurance sector.

The health insurance offering has been tailored to meet the needs of affluent and emerging High Net worth Individuals’ segments.

The health plan offers a wide array of benefits, which includes coverage for the cost of non-medical expenses, offering 10% additional sum insured when using a cashless facility; a single policy to cover different variations; and sum insured of up to INR5m ($78,389).