SBI General Health Insurance Plans

Company Overview

SBI General Insurance Company Limited is one of the leading non-life insurance companies in India. It came into existence with a joint venture between the State Bank of India and the Insurance Australia Group (IAG). SBI holds 74% of the total stake and IAG holds the remaining 26% stake in SBI General Insurance Company.

Owing to the wide PAN-India presence of SBI, SBI General has established a robust presence with approximately 24,000 Branches of State Bank Group and more than 5,500 Regional Rural Banks. As of today, SBI General has more than 21,000 IRDA-certified bank employees and 8,000+ agents. The company covers over 110 cities and has a presence in more than 350 locations throughout India.

SBI General Insurance Company Limited offers covers for Health, Travel, Home Insurance, Personal Accident, and Motor for Individuals. Marine, Fire, Construction & Engineering, Group Health, Liability, Aviation, and catering other insurance needs of businesses.

The latest Claim Settlement Ratio is 66.08% of the company for the year 2019-20.

Key Points of SBI General Health Insurance

Policy Renewability	Lifetime
Health Cover	Individual & Family Floater
Network Hospitals	6000+
Claims Ratio	66.08%
Ayurvedic treatment	Yes

Snapshot Of SBI General Health Insurance Plans

Plan Name	Plan Type	Min/Max Age	Min/Max SI	Availability	Plan Tenure
SBI General’s Health Insurance Policy – Retail	Individual/Family Floater	Adult: 18 years- 65 years Child: 3 month	Min SI: 50,000 Max SI: 5 Lakh	Online	Min: 1 year Max:
SBI General’s Group Health Insurance Policy	Individual/Family Floater	Adult: 18 years– 65 years Child: 3 months – 18 years	Min SI: 1 Lakh Max SI: 5 Lakh	Offline	Min: 1 year Max:
SBI General’s Hospital Daily Cash Insurance Policy	Individual/Family Floater	Adult: 18 years– 65 years Child: 3 months	Min SI: Rs 500 Max SI: Rs 2000	Online	Min: - Max: -
SBI General’s Arogya Premier Policy	Individual/Family Floater	Adult: 18 years– 65 years Child: 3 months	Min SI: 10 Lakh Max SI: 30 Lakh	Online	Min: 1 year Max: 3 years
SBI General’s Arogya Plus Policy	Individual/Family Floater	Adult: 18 years– 65 years Child: 3 months	Min SI: 1 Lakh Max SI: 3 Lakh	Offline	Min: 1 year Max: 3 years
SBI General’s Arogya Top Up Policy	Individual/Family Floater	Adult: 18 years– 70 years Child: 3 months	Min SI: 1 Lakh Max SI: 50 Lakh	Offline	Min: 1 year Max: 3 years

Reasons for buying SBI General Health Insurance Plans

The rising cost of health care may destabilize your finances, and thus, it is pretty essential to buy a health plan that covers your family's healthcare needs. The SBI General Insurance Company offers a gamut of customized health insurance plans, and the company helps you achieve better health by providing comprehensive health coverage.

Health Insurance by SBI

We all know that SBI is one of the biggest banks of India, and it has created its wealth and reputation among people. If you are buying something from a brand,d then you can also buy blindly because the brand has established itself. And SBI is a brand in India, and this company drives the economics of India, and significant thing is that the Indian population trusts this bank and its service. SBI is currently playing an extreme role in the Indian economy, the reason why it's the biggest bank in India.

SBI also serves in a different genre, and insurance policy is the second place where SBI serves people as SBIG. The rising cost of medical services and the rising cost of medicines is the biggest reason we should opt for SBI general insurance policy. Look, there is a fear that, what if your insured company fails to provide you claim if they failed in claim settlement. It doesn't matter, who is your insured company i. If you don't get your claim settled, it'll hurt you.

But, if you haven't insured yourself, and due to uncertainties,s you met an accident, and unfortunately, you are the only breadwinner for your family. Then after demise, your family will suffer double problems mentally and financially. With SBI health insurance plans, you will get covered against the medical expenses that incur on hospitalization of the insured member.

SBIG has done excellent work in the last few years and made their position in the insurance sector. The Claim Settlement Ratio report of SBIG is quite progressive; in the financial year 2018-19, SBI's CSR ratio was 59.42%, and in the financial year 2019-20, the CSR ratio was 66.08%. Claim Settlement Ratio report's number is not enough to impress anyone. Still, the advanced graph might be the center of attraction, and we should consider increasing pointing towards rising.

The CSR report gives you complete information about the company's performance, where a company is looking for it, and the possibilities that we'll get the best policy. SBIG is doing some best jobs in the health care sector, and still, they are doing their best. An increasing demonstration says a lot about SBIG and its performance in recent years, and health policy is a protector, not a burden.

Performance till today

In the year 2010, SBI General Insurance was introduced, and at that time, SBIG was a joint venture between India's biggest bank State Bank of India, and Insurance Australia Group (IAG). 27th March 2020, the day of according to stake sale by IAG on, now SBI owns 70%, while Nepean Opportunities LLP (Premji Invest affiliate) owns 16.01%, Honey Wheat Investment Ltd., an entity forming part of Warburg Pincus Grou,p owns 9.99%, PI Opportunities Fund-1 owns 2.35%, and Axis New Opportunities AIF-I owns 1.65% stake in SBI General Insurance. The vision of SBIG is to make India a healthy state in the world and become the most trusted general insurer for a transforming India.

Till now, SBIG insured 68M+ people across the country, and day by day,y, the number of happy families is increasing rapidly. Having a plethora range of plans, and with most numbers agents across the country contribute to the success of SBIG. Programs that provide you protection with every uncertainty, plans that make your dream true, and the plan that makes your retirement life enjoyable.

From investment to saving, every policy that'll help people is available plans that make SBIG missions actual are available there. In the financial year 2013-14, SBIG did a remarkable job with the collaboration of the State Bank of India, they covered 1.5 Crore bank account holders with personal accident cover and this is a commendable job done by SBIG.

Main USP’s of SBI General Health Insurance Plans are:

Get comprehensive individual or family health cover
Flexible plan options to choose from
No pre-policy medical check-up is available
Flexibility to choose the Sum Insured
AYUSH benefits are available
Opt for add-on covers to enhance policy coverage
Daily cash allowance to meet non-medical expenses
Fair, transparent, & quick claims settlement procedure
Enjoy cashless treatment across a wide range of network hospitals
Option of lifelong renewability
Portability option available

Key Benefits of SBI General Health Insurance Plans

In-patient hospitalization expenses, such as room rent, boarding/nursing expenses, ICU charges, medicines, medical practitioner's fees, etc.
Pre hospitalization expenses incurred prior to hospitalization are covered for 60 days
Post hospitalization expenses incurred after hospitalization are covered for 90 days
Specified daycare procedures/surgeries are covered
Convalescence benefit is covered, up to a limit specified under the plan chosen
Expenses incurred towards domiciliary treatment are covered, as specified under the plan
Child care benefit is applicable, depending on the plan chosen
Parental Care is available, as per the plan chosen
Outpatient consultation and treatment expenses are covered up to the limit specified under the policy chosen
Daily Hospital Cash is payable upon hospitalization due to Accidental Bodily Injury or Sickness
Organ donor’s treatment expenses for harvesting of the organ are covered
Maternity expenses cover and Newborn baby cover is available, subject to the terms applicable under the policy chosen
The newborn baby cover is available as an add-on benefit and can be opted on payment of additional applicable premium
Listed critical illnesses are covered, as an add-on cover depending on the policy chosen
Coverage for congenital internal diseases is available as an add-on cover
The premiums paid are eligible for tax benefit under section 80D of the IT Act, 1961

Value Added Benefits under SBI General Health Insurance Plans

Auto reinstatement up to 100% of basic Sum insured is applicable on exhaustion of the Sum insured during a policy period.
Enhancement of Sum Insured for accidental hospitalization
With a Cumulative bonus, the Sum insured can be increased by 10% for a claim-free policy year, up to a maximum of 50% of the Sum insured
Avail Health check-up benefit, as terms specified under the policy, chosen
Ayurvedic treatment expenses and Homeopathy & Unani treatment expenses are reimbursed
Ambulance charges are refunded, up to the limit prescribed under the plan chosen
Take advantage of cashless hospitalization across 3000+ network hospitals
Pre-policy medical screening is not required, as defined under the policy terms

(Note: The health plan benefits, features, specifications may differ from one to another)

SBI General Health Insurance Coverage

SBI General offers a wide range of health plans to custom fit you & your family’s health needs. The insurance company provides a sum insured to cover the medical expenses incurred due to hospitalization. With SBI General, you can choose the correct Sum insured to ensure proper health coverage. You need to pick an appropriate health plan after adequately assessing your healthcare needs.

SBI General Health Insurance Claim

SBIG Insurance Claim is as easy as buying a policy; there is 6000+ network hospital of SBIG Health across the country. If you want, then you have the option of getting the cashless claim settled, or if there is no option of getting treatment in-network hospital, then you have a chance of getting reimbursement claim settlement. Both options are easy, but the reimbursement option might take more time and effort than cashless claim settlement. Cashless Claim Settlement takes only 2 hours to get settled, but in the reimbursement option, you have to submit all the bills, and after this, they’ll verify your claim, and after satisfying your claim, they’ll transfer the fund that you deserve.

Let’s try to know the process of claim settlement and what you have to do?

Cashless Claim Settlement

1. First, go to the reception desk in the network hospital, and let them know that you are insured with SBI General.

2. Call this number 1800221111. You can also SMS ‘CLAIM’ and send it on 561612 or write an email to customer.care@sbigeneral.in mentioning your details to get your claim number.

3. Show your policy id to the hospital team for identification purposes. Show your verification.

4. After this, a team of doctors will verify all insured person documents and evaluate them. After that, they will cover you with claiming in and as per terms and conditions of your opted plan.

5. After completing some necessary process, the claim would be settled as your opted plan’s terms and conditions.

6. Being an insurer company, “SBIG” provides claim service assistance with their customer to avoid the wrong information filled by the insured person in claim settlement form and other help.

Reimbursement Claim Settlement

In reimbursement claim settlement, you have to get the complete treatment by spending your money; after getting the medicine as soon as you are discharged from the hospital, you have to keep one thing in mind: you have to bring the below-listed documents. Because in reimbursement claim settlement, documents play a vital role in getting the claim settled.

But the one thing that we should keep care of while buying any policy, they should check whether the insurance company from which you are buying insurance has any network-hospital in your area, and only after that decide to buy insurance or else you will have to go through the indemnity claim.

Documents must carry with you.

First doctor’s prescription
Hospital bills
Related treatment prescriptions
Diagnostic reports
Discharge from hospital
FIR copy, if any
Patient’s identity card
Copy of health card

Claim Settlement Process

1. First, fill out the Claim form, and attach all the bills and receipts with the form. After that, just submit the form to your nearest SBI General branch.

2. As per your plan’s terms and conditions, your claim will be settled, and you will get your fund.

Calculate SBI General Health Insurance Premium

With SBI health insurance, you will get coverage up to the Sum Insured towards the hospitalization expenses. You need to pay the stipulated premium to avail range, which may vary depending on the chosen plan.

Before buying a health policy from SBI general insurance company, you are recommended to determine the premium with the help of a health insurance premium calculator. You can also refer to the premium chart from SBI general to identify the premium you will pay for getting a health insurance cover.

SBI Health Insurance Review

SBI Health Insurance Company comes with a wide range of customized health plans that help you to meet health-related expenses. You will get coverage for the listed daycare procedures, domiciliary hospitalization, ambulance charges, etc. This insurance company also offers numerous additional covers that help to boost protection against medical contingencies. With SBI health insurance plans, you don’t need to worry about medical expenses and focus on health recovery.

SBI Health Insurance- FAQ’s

How to pay the policy premium?

SBI general insurance offers two modes of premium payment

Online Payment: For the online mode of premium payment, you have the option to pay through credit card, debit card & net banking.
Cash payment at the branch: You need to visit the SBI general insurance branch and pay the premium amount in cash.

How can I check the status of the SBI health insurance policy?

By logging into the SBI health insurance website, you can check the policy status online by entering the required details such as policy number, date of birth, or registered mobile number.

What is the policy renewal process of SBI health insurance?

To renew a health policy, you need to visit SBI general health insurance website homepage. Over there, you can calculate the premium and proceed with the payment. After the premium payment is made, the policy is renewed instantly.

What is the process of SBI General to settle the health insurance claims?

To settle a health claim, you need to inform the insurance company by filling out the claim form and uploading relevant documents online. After acceptance of the papers by the company, your claim is settled within a duration as specified by the insurer.

Is there any tax benefit on SBI General health insurance plans?

The premium amount you pay for covering you & your family under the SBI health insurance plan is considered tax benefit under section 80D of the Income Tax Act 1961.