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A joint venture between the Insurance Australia Group and the State Bank of India, SBI General Insurance Company Limited offers various insurance products such as motor, personal accident, travel, home, fire, marine, etc. SBI General Health Insurance is one of their product offerings.
Factor | Details |
---|---|
Health insurance plans | 8 unique health insurance plans |
E-services offered | Get premium quotes online, Renew policy on the official website |
Branch offices | Presence in around 21,000 branches of the SBI group |
Network hospitals | 3,000 network hospitals |
Plan | Plan Basis | Sum Insured Range |
---|---|---|
Arogya Premier | Individual and Family | Min:Rs.10 lakh Max:Rs.30 lakh |
Arogya Plus | Individual and Family | Min:Rs.1 lakh Max:Rs.3 lakh |
Arogya Top up | Individual and Family | Min:Rs.1 lakh Max:Rs.10 lakh |
Health Insurance SBI | Individual and Family | Min:Rs.1 lakh Max:Rs.5 lakh |
Critical Illness | Individual | Upto Rs.5 lakh |
Hospital Daily Cash | Individual | Daily allowance |
SBI Group Health Insurance Policy | Individual and Family | Min: Rs.1 lakh Max: Rs.5 lakh |
SBI Loan Insurance | Individual | Sum assured could be fixed or reducing |
*Premiums may vary depending upon factors like age, location, term of the plan and prevailing taxes/GST.
Specifically designed for high net-worth individuals, Arogya Premier policy offers good coverage and comes with a good set of benefits and add-ons.
Policy Term | 1,2 and 3 years |
Entry Age | From 3 months to 65 years |
Plan Basis | Individual and Family |
Sum Insured Range | Min:Rs.10 lakh Max:Rs.30 lakh |
Premium | Payable in advance |
Medical Screening | Only for those above 55 years old |
No Claim Bonus | 10% |
Discounts | Cumulative bonus |
The Arogya Plus plan is an enhanced health insurance option that provides multiple coverage options.
Policy Term | 1, 2 and 3 years |
Entry Age | From 3 months to 65 years |
Plan Basis | Individual and Family |
Sum Insured Range | Min:Rs.1 lakh Max:rs.3 lakh |
Premium | Rs.8,900 per annum for Rs.1 lakh sum insured, Rs.13,350 per annum for Rs.2 lakh sum insured, Rs.17,800 per annum for Rs.3 lakh sum insured |
Medical Screening | Only necessary for those above 55 years |
The Arogya Topup policy is designed to provide added protection at a comparatively low premium rate.
Policy term | Individuals: 1,2 and 3 years Family: 1 year |
Entry Age | 3 months to 65 years |
Plan Basis | Individual and Family |
Sum Insured Range | Min:Rs.1 lakh Max:Rs.10 lakh |
Medical Screening | Only necessary for those above 55 years |
This is a comprehensive health insurance policy that has a wide scope of coverage.
Entry Age | 3 months to 65 years |
Plan Basis | Individual and Family |
Sum Insured Range | Min:Rs.1 lakh Max:Rs.5 lakh |
Medical Screening | Only for those above 65 years |
Co-Payment | 10% |
Waiting Period | 1 year |
The SBI Critical Illness plan is specially designed to cover certain specified serious illnesses. This is an individual policy.
Policy term | 1 and 3 years |
Entry Age | Upto 65 years only |
Plan Basis | Individual |
Sum Insured Range | Up to Rs.5 lakh |
The Hospital Daily Cash policy is specifically designed to take care of the day-to-day expenses at the time of hospitalization.
Policy term | Individuals: 1,2 and 3 years Family: 1 year |
Entry Age | 18 to 65 years |
The SBI Group Health Insurance policy offers hospitalisation cover for individuals and families as well. The sum assured is between Rs.1 lakh and Rs.5 lakh.
Plan Basis | Individual and Family Floater |
Sum Insured Range | Minimum Rs.1 lakh and Maximum Rs.5 lakh |
Waiting period | 1 year for specific diseases 4 years for pre-existing diseases |
Customers who have availed a loan from SBI can opt for this packaged policy which will cover hospitalisation expenses if the policyholder is faced with an eventuality.
Plan Basis | Individual Plan |
Sum Insured Range | Fixed or on a reducing basis |
Entry age | 18 years to 60 years |
Policy Tenure | 3 years |
Incurred claim ratio basically refers to percentage of claims that are successfully solved by the insurance company in a given financial year.
Year | Incurred Claim Ratio |
---|---|
2017-18 | 52.93% |
Portability | SBI provides customers the option to port the policy from any other insurer to SBI without any hassles |
Complaint redressal | Any complaints can be lodged online, through their toll-free number or through email with the help of their Grievance Redressal option |
Log on to the SBI General Insurance and click on the ‘Renew’ option to complete the renewal process online. Just follow a few simple steps and make payment online.
SBI General Health Insurance is equipped with over 3,000 cashless network hospitals where customers can avail good quality services. To locate the nearest network hospital, log on to the SBI General Insurance website and click on the ‘Hospital Network’ option.
Cashless claim procedure:
Reimbursement claim procedure:
A family floater policy is basically a health insurance policy that covers the dependents of the policyholder such as parents, spouse, and children. The sum assured is not divided by each member listed in the health insurance policy, rather the sum assured is aggregated between the members listed in the policy.
Co-payment basically means that the policyholder is agreeing to share the claim amount to cover the hospitalisation expenses. Policyholders can choose co-payment between 10% and 30% of the claim amount. Policyholders can opt for the co-payment option if they wish to reduce the premium of the health insurance policy.
Yes, as per the terms and conditions set by State Bank of India, if the policyholder is admitted in hospital due to an accident, then the sum assured increases to 125% subject to a maximum of Rs.1 lakh.
No, you will not get a premium refund if you have had a claim-free year, however, as a bonus for not making a claim the entire policy period, the sum assured will increase by 5% every policy year, subject to a maximum increase of 25%.
If you have held the health insurance policy for a certain number of years, it is better to port the policy rather than opt for a fresh policy with another insurer as this will prevent discontinuance of your health insurance cover. In addition, treatment for certain diseases and pre-existing diseases have a waiting period and with a fresh policy you will have to wait out the years before you can claim coverage for those diseases. In short, porting your existing policy at the time of renewal makes the most sense.
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