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SBI General Insurance

SBI General Insurance Company Limited is a joint venture between State Bank of India (SBI) India's largest bank and Insurance Australia Group (IAG) a general insurance group with operations based in Australia, New Zealand, and Asia. In the merger, SBI possesses 74% and IAG owns 26% of the partnership.The company has a presence in 56 cities pan India and has established itself in nearly 14,000 State Bank of India branches.SBI General Insurance covers motor, health, travel, personal accident, and home insurance for individuals, groups, commercial, and corporates.

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Plans Offered by SBI General Insurance

SBI health insurance offers a host of plans to cover a maximum of 4 family members including up to 2 adults and 2 children. SBI health insurance plans include benefits such as medical treatment, pre and post hospitalization cover, and health check-ups after every 4 claim-free years under the policy. The health plans are renewable for your entire lifetime.You can purchase SBI health insurance online on Insurance Inbox in a hassle-free manner.

    Plan Name : Health Insurance

      About the Plan

      This SBI health insurance policy offers individual coverage, but can be extended to a family floater plan to cover your family members under one single policy.

      • You can choose from the Metro Plan, Semi Metro Plan, & Rest of India, as per your requirement.
      • You have the benefit of choosing from wide coverage options, starting from ? 50,000 up to ? 500,000.
      • Medical tests to prove that you are eligible for the policy will be required only above the age of 45, provided you do not have any medical history.
      • Enjoy lifetime assured renewal. You can even renew your current health insurance policy (any Insurer) with SBI health insurance.
      • Free medical check-up, up to a maximum limit of ? 2,500, at the end of every 4 claim free years.

          Benefits

          • Coverage for pre and post hospitalization expenses (30 days before and 60 days after hospitalization).
          • Hospitalization expenses, including room rent, ambulance charges, medical treatment, consultation fees, etc. are covered.
          • Domiciliary hospitalization (treatment at home) and day care procedures (where hospitalization is required for less than 24 hours).
          • Alternative treatments (Ayurveda, Homeopathy, and Unani), up to a certain amount as mentioned in your policy.
          • Tax benefit on the premium under Sec 80 D of Income Tax Act.
          • You can also enhance your policy coverage with some add-on covers, and by removing sub-limits on Room & ICU rent, operation and consultancy charges, etc.

              Plan Name : Arogya Premier Policy

                About the Plan

                This health insurance by SBI has been specially designed for high net-worth individuals. With wider medical coverage options, the policy allows you to avail medical treatment from top medical experts.

                • The policy comes in individual and family floater options.
                • The minimum and maximum entry age is 3 months and 65 years, respectively.
                • This SBI health insurance policy comes in 1, 2, and 3 year tenure options.
                • You can choose a sum insured between ? 10 Lakh and ? 30 Lakh.
                • No need to undergo medical test up to the age of 55 years, provided you have no medical history.
                • If claims have reduced your sum insured (the maximum amount that the insurance company will pay out for claims), you can reinstate or return the sum insured to its full level, by paying an additional premium.
                • For each claim free year, you get a cumulative bonus of 10% up to a maximum of 50%. This bonus is added to the total sum insured, increasing the amount that the insurance company will be liable to pay for claims.

                    Benefits

                    • Coverage for pre and post hospitalization expenses, including 60 days for pre and 90 days for post hospitalization.
                    • Hospitalization expenses including room rent, medical practitioner fees, ICU, nursing expenses, physiotherapy, etc. are also covered.
                    • Ambulance charges, including air ambulance, up to ? 100,000.
                    • Domiciliary hospitalization and organ donor expenses.
                    • Expenses for 142 day care procedures that require hospitalization for less than 24 hours are covered.
                    • Maternity expenses are covered after a waiting period of 9 months.
                    • Alternative treatment like Ayurveda, Unani, Siddha, and Homeopathy are covered.
                    • Tax savings on the premiums under Sec 80D of Income Tax Act.

                        Plan Name : Critical Illness Insurance Policy

                          About the Plan

                          This SBI health insurance policy covers you against a list of thirteen important critical illnesses. Similar to other critical illness policies, this policy also provides a fixed amount of money to the insured upon diagnosis of a critical illness, irrespective of the actual medical costs.

                          • Choose a sum insured according to your requirement, up to ? 50,00,000
                          • The minimum and maximum entry age for this policy is 18 years and 65 years, respectively
                          • You can choose between two tenure options 1 year and 3 years, and there is a free look period of 15 days (during which you can enjoy policy benefits and in case you are unsatisfied, you can ask for a refund).
                              Note:To know more about this plan, contact insuranceinbox.

                            Benefits

                            • You are covered against 13 critical illnesses as mentioned in the policy.
                            • The insurance benefit or the lump sum amount is payable, only if the insured is alive for 28 days or more from the date of the first diagnosis.
                            • Once you make a claim, the policy will terminate, as only one claim is allowed during the lifetime of the insured.
                            • The premium paid is exempt from Tax under Sec 80 D of the Income Tax Act.

                                Health insurance needs differ from person to person, and the “one size fits all approach” doesn’t work with insurance. Hence, it is best to compare SBI health insurance plans on Insurance Inbox before you purchase a health insurance policy.

                                  Benefits

                                  Claim Process at SBI General Insurance

                                  The claim process for SBI health insurance plans is fast and transparent. The dedicated claims team tries its level best to deliver convenient customer service for managing and settlement of all claims, and they have managed to maintain a claim settlement ratio of around 93% (2015-16). The company has around 3000+ network hospitals and Third Party Administrators (TPA), licensed by the IRDA. To ensure a fast and smooth claims process, the company has in-house health claim unit desks at every network hospital.You can file a claim for your SBI health insurance policy, in the following two ways

                                  Review of SBI General Insurance Company Limited

                                  SBI General Insurance Company Limited, with its robust multi-distribution channels, includes over 11,000 IRDA certified SBI & its Associate Bank employees and over 4,800 Agents. Offering a range of competitive general insurance plans for varied customer segments, SBI General Insurance Company has established a strong customer base all over India. The Company has a network of 3000+ hospitals, with 27330 policies issued till date and an Incurred Claims Ratio of 54.41%, which is the overall value of the claims settled by the company, divided by the overall value of the premiums received for the year 2015-16.

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