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All You Need to Know About SBI Health Insurance

There is a saying “money can’t buy happiness”. But in today’s scenario, money plays a significant role in our day-today-life. You can’t predict when the fate may spin its wheel, biding fortune or misfortune upon us. Hence, being financially secured is a must; you should make a financial portfolio and save for the emergencies. Same goes for health insurance. Nobody wants to settle for a bad deal when it comes to health insurance, but owing to ignorance, many do. Hence, being well-informed about the insurer and the various insurance plans is the need of the hour.

Health insurance market in India is flooded with plenty of insurers with attractive plans. Among them, SBI Health Insurance is counted among the top for a genuine reason. Let’s have a look:

Why SBI General Health Insurance?

Through SBI General Health Insurance, the insurer tries to set a healthcare coverage by maintaining financial security. Below are some reasons why you should go for this insurance plan.

  • The health insurance offered by SBI General Insurance is ranging between Rs. 50,000 to 5, 00,000.
  • Up to 45 years, there is no pre-medical check-up only if you don’t have any previous health history.
  • Its family floater plan covers your spouse, parents and other members under a single plan with a single premium.
  • You can decide from various plans, namely, Metro Plan, Semi-Metro Plan or the ones that are suitable for other areas in India.
  • Lifelong renewability benefit is available with this plan
  • You can renew the health insurance policy other than SBI general with SBI General Health Insurance
  • You can avail tax benefits against the premium paid for SBI General Health Insurance plan under Section 80D of the Income Tax Act, 1961.
  • Pre and post hospitalization expenses are covered by this health insurance policy.
  • You can avail free medical check-up to Rs. 2,500/- after four continuous claim-free years.
  • By adding some additional covers, such as top-up plan, removal of cap on room rent, or doctor’s fee, you can enhance the coverage of your basic policy
  • Avail cashless healthcare facility in more than 3,000 network hospitals.

Below are the types of SBI health insurance policies offered by SBI General Insurance:

 

 

SBI Retail Health Insurance Policy

Entry age

18 to 65 years

Pre-health check-up

Not compulsory up to the age of 45 years.

Free-health check-up

After 4 continuous claim-free year.

Waiting period

4 years in case of existing illness.

Added benefits

The insured can renew health insurance availed from other insurers with SBI General Insurance.

Pre and post Hospitalisation cover

Expense is covered 30 days prior to hospitalization and 60 days after discharge.

What Section 80D says

Tax benefit is applicable

Add on covers

Zero cap on room rent, doctor’s consultation fee or ICU rent.

 

SBI Critical Illness Insurance Plan

Entry age

18 to 65 years

Policy tenure

Minimum 1 year or maximum 3 years.

Sum Assured

Ranging from Rs. 2 lakh to Rs. 50 lakh.

Free Look Period

If you don’t like the services return it within 15 days.

IT benefit

 Tax benefits on premium paid for the plan.

 

SBI Group Health Insurance Policy

Entry age

18 years or above

Sum Assured

Rs. 1 lakh to 5 lakh

Plan category

Individual and family floater plans

Health check-up

Not required up to the age of 65 years.

Cashless treatment

Available at more than 3,000 hospitals across the country.

Waiting period

4 years if the insured has any medical history.

Pre and post hospitalization costs

Cover for 30 days before hospitalization and 60 days after discharge.

Tax benefit

Yes

Add on cover

Zero cap on room charges or ICU rent, doctor’s charges etc.

 

SBI Hospital Daily Cash Insurance Plan:

Entry age

18 years or above. Kids of 3 years can be added if the parents are under this plan.

Sum Assured

Rs. 50,000 fixed to look after the incurred expenses

Cover period

30 days and 60 days

Daily cash allowance

Per day Rs. 2000 is provided

ICU Allowance

Per day Rs. 4000

Accidental Hospitalisation Allowance

Per day Rs. 4000

Free Look Period

15 days, if the policy doesn’t suit your requirements.

Tax benefit

Yes

Pre-existing Ailment

Not covered by this plan.

 

SBI Health Insurance: The Claim Process

Whenever you need to file SBI Health Insurance claim, follow the below-mentioned steps:

  • Call the toll-free customer care number of SBI General Insurance and register your claim.
  • You will need to submit original documents supporting your claim like medical bills, duly filled claim-form, policy documents etc.
  • The insurer will set up an inquiry and the overall process may take up-to 30 days after receiving your documents.
  • The insurer is authorized to accept or reject your claim depending upon the policy terms.

In case of Cashless Facility

More than 3,000 network hospitals are there to serve you. Here the insured can avail cashless facilities and the expenses are borne by the insurer by directly coordinating with the hospital authorities. The insurer or the TPA has to approve an authorization request supporting cashless benefit. In case the hospitalization is pre-planned, the insurance company has to be informed beforehand, or within 24 hours of hospitalization in case of an emergency.

Final Word!

SBI Health Insurance offers the type of coverage with which you can be financially protected during a crisis. Health, being the essential element, needs our attention. With age or due to lifestyle, we are prone to falling sick. The sky-rocketing quality treatment costs may burn a hole in your pocket. An adequate health insurance plan proves to be a financial safeguard for you and your family by bearing your medical expenses and other medical-related costs.