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Hyderabad, Feb. 22 SKS Microfinance Pvt Ltd has forayed into health insurance in association with ICICI Lombard General Insurance.

The product, christened ‘Swayam Shakti’ and targeted at the poor in semi urban and rural areas, would provide cover to SKS members in Andhra Pradesh, Karnataka and Orissa by March.

It would offer insurance to a member, his/her spouse and two children against pre-existing illnesses, maternity, more than 24-hours hospitalisation and personal accident for a period of one year through both cashless and reimbursement options.

The launch of health insurance by the Hyderabad-based company followed a three-month successful pilot wherein it covered 50,000 members and 1.75 lakh lives in the semi-urban and rural areas in six districts of North Karnataka, according to a release.

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