SBI General Health Insurance Overview

SBI general insurance company is the joint venture of the state bank of India (74%)and the Australia group(26%).they has also established its presence across 14,000 branches of the state bank of India. SBI general currently serving three major segments:

  1. Retail segment(individuals and families)
  2. Corporate segments( mid to large size companies)
  3. SME segment

Types of plan offered by SBI General

Health Insurance Plan by SBI

Every person has different needs and demands. hence all have different choices when it comes to buying health insurance. SBI has always tried to make their plans which suit best to their customers. There are some features of this plans as follows:

  • Wider coverage from 100,000 to 500,000
  • Family floater benefit given to customers is comprehensive. Protects all the members in the single plan
  • Flexible options in plans ( metro plan, semi-metro plans and rest of India)
  • No medical test up to the age of 65 for the people having no medical history
  • Pre-hospitalization (60 days)and post hospitalization expenses (90 days)
  • Free medical checkups for every 4 claim free years up to the certain limits
  • Cashless facility available in network hospitals of SBI.
  • Daycare expenses where less than 24 hours of hospitalization is required
  • Provides ambulance charges of a 1% of the sum assured subject to certain limits.
  • Room boarding and nursing charges are provided to 1% os the sum assured per day for the Non-ICU rooms and 2% of sum assured per day for ICU related charges.

SBI Critical Illness Insurance Policy

As we all know that some sudden happenings such as death, accidents, and illness are not under our control. These happenings can create huge financial pressure. Patients and their families were unable to afford those expensive bills. Well, we cannot eliminate these happenings but can secure by taking critical health insurance. this plan provides a fixed sum assured irrespective of your actual medical expenses. This plan includes certain features which are as follows:

  • Wider coverage up to 50,00,000/-
  • Family floater benefit given to customers is comprehensive. Protects all the members in the single plan
  • Illness covered in this plan is cancer, kidney failure, heart attack, major organ transplant, hypertension, permanent paralysis of limbs etc.
  • Minimum entry age is 18 years and maximum age is 65 years
  • No medical test up to the age of 65 for the people having no medical history
  • Pre-hospitalization (60 days)and post hospitalization expenses (90 days)
  • Only one critical illness shall be covered in one lifetime in this plan.
  • Cashless facility available in network hospitals of SBI.
  • Insurance benefits are payable only if the insured is alive for a period, more than or equal to 28 days from the 1st diagnosis

SBI hospital daily cash insurance policy

It is truly said that health is wealth. But most of the times, there is no surety and we are completely unaware of the shortcomings with regards to health. It gives a lot of pressure both mentally and financially.so, to reduce such pressure, SBI hospital daily cash insurance policy helps you to overcome with such situations. These plans include some important features which are as follows:

  • Daily cash benefit up to rs. 2000 per day of hospitalization
  • Daily cash benefit up to rs. 4000 per day of ICU hospitalization
  • Daily cash benefit up to rs. 4000 per day of accidental hospitalization
  • Pre-hospitalization (60 days)and post hospitalization expenses (90 days)
  • Minimum entry age is 18 years and maximum age is 65 years

Arogya premier policy

The SBI Arogya premier policy is formulated for high net worth persons. It offers wider medical coverage option than other policy.it has the best feature in which individuals are offered with coverage against traditional Ayurveda, yoga, Unani, Siddha, and homeopathy.these treatments have to be undertaken in the government hospital. Or one of the accredited by the quality council accreditation and related programmes for the healthcare sector in India.

It has many benefits such as hassle-free buying process, a relaxed age limit, health checkups, tax savings, accumulated bonus option, etc. here is the list of features in this plan:

  • Wider coverage from rs.10,00,000 to rs.30,00,000
  • Individual, as well as Family floater options, are given to customers. The family includes the self, spouse, and the dependent children up to the age of 23 years.
  • Minimum entry age is 3 months and the maximum age is 65 years
  • No medical test up to the age of 55 for the people having no medical history
  • Pre-hospitalisation (60 days)and post hospitalization expenses (90 days)
  • Can be taken for the tenure of 1, 2, 3 years. Offers a discount of 5% fro the two years and 7.5% for 3 years term.
  • Cashless facility available in network hospitals of SBI.
  • Daycare expenses where less than 24 hours of hospitalization is required and even organ donor expenses.
  • Provides ambulance charges subject to certain limits.
  • Maternity expenses are covered after the initial period of 9 months after taking the policy
  • Cumulative bonus of 10% of the sum assured for each claim free year, subject to a maximum of 50%
  • Tax deduction under section 80 D
  • Has a grace period of 30 days from the end of policy terms for renewing the cover.

Other than this insurance, it also includes Arogya plus policy and Arogya top-up policy.

For more details refer: SBI General insurance

Related Article-

LIC Health Insurance

Health Insurance For Senior Citizens