Life insurance provides financial stability to the family of the deceased policyholder. Gifting an insurance policy to your loved ones is among the best ways of securing their financial future. But generally, you can only gift life insurance within your family and not to an outsider like a friend. However, the new plan launched by SBI General Insurance, Shagun, allows you to directly gift a personal accidental insurance policy not just to your family but to anyone — your friends, cook, maid or driver. Here’s a lowdown on gifting an insurance policy and also Shagun.