SBI Health Insurance

SBI Arogya Premier is a medical insurance policy that offers coverage to individuals as well as their family members. SBI General health insurance policy offers numerous benefits such as a hassle-free buying process, a relaxed age limit, health checkups at regular intervals, tax savings, accumulated bonus option, and coverage for a number of illnesses and diseases. Listed below are the essential features of this health scheme:

Features & Benefits:

• Wide coverage in policies starting from Rs. 10,00,000 and going up to Rs. 30,00,000
• Comes in Individual / Family and Floater options. The family includes the insured, his or her spouse, children, parents and parents-in-law for the family plan. Family floater includes the self, the spouse and dependent children up to the age of 23 years
• Minimum and maximum age of entry are 3 months and 65 years
• No medical tests are required for people aged 55 years or below and who have no medical history
• Can be taken for a tenure of 1, 2 or 3 years
• Pre and post hospitalization expenses covered for 60 and 90 days respectively
• Maternity expenses are covered after the initial period of 9 months after taking the policy
• This scheme also offers air ambulance cover up to Rs 1 lakh
• Insures against 142-day care expenses and even organ donor expenses
• An SBI health insurance claim covers ambulance costs (including air ambulance) up to Rs. 1,00,000
• Cumulative bonus of 10% of Sum Assured for each claim-free year, subject to a maximum of 50%
• In addition to standard western medicine, it also offers coverage against the traditional AYUSH (Ayurveda, Yoga, Unani, Siddha and Homeopathy) forms of medical treatment. These alternative treatments must be undertaken in a government hospital
• Reimbursement of health check-up benefits up to Rs. 5,000 if no claims are made for 4 years
• Automatically reinstates the full Sum Assured without the need for an additional premium if the amount is any way reduced due to a claim
• Provides tax deduction under section 80D of the Income Tax Act
• Has a grace period of 30 days from the end of policy term for renewing the cover

SBI Arogya Plus is a health insurance policy that covers rising costs of OPD and hospitalization expenses, and ensures the policyholders do not spend too much of their money on hospital bills. These medical bills can be crippling and make a huge dent on people’s  savings. In addition, most of the policies in the market do not cover OPD expenses. This is where SBI General Arogya Plus Policy helps. Listed below are the essential features of this health plan:

Features & Benefits:

• SBI Arogya Plus Policy offers two coverage options: Individual and Family Floater Basis
• Minimum and Maximum entry age to buy this policy is 3 months and 65 years respectively
• There is no exit age in SBI Arogya Plus policy
• SBI Arogya plus offers sum insured options ranging from Rs 1 lakh , Rs 2 lakh to Rs 3 lakh
• The premium for this policy is flat Rs 8,900, Rs 13,350 or Rs 17,800 annually for a sum insured of Rs 1, 2 or 3 lakhs
• The policy offers OPD reimbursement depends on factors such as age, premium and family type
• The policy provides three tenure options – 1 year, 2 years and 3 years
• Has no sub-limit on maternity expenses, covering them for the full sum of the policy. It also treats maternity expenses under OPD benefit, provided the maternity expenses were incurred after 9 months of taking the policyThe policy does not require any medical tests for people aged 55 years or below if they have no medical history
• The policy covers pre and post hospitalization expenses for 60 and 90 days respectively
• The policy safeguards against 142 OPD (day care) procedures
• It also provides domiciliary hospitalization and ambulance expenses cover
• However, it does not cover pre-existing illnesses for the first 4 years of the plan and certain specified illnesses for the first year of the cover
• The insured person can claim tax benefit under section 80D of the Income Tax Act

SBI Arogya top up is a health plan from SBI General Insurance is ideal to meet the expenses of unexpected critical events like accidents or illnesses over and above the basic insurance plan. With a large top up cover, the policy helps the individual and the family (under the floater plan), meet the large costs of hospitalization and recovery nowadays. Listed below are the essential features of the plan:

The plan comes in Individual / Family and Family Floater options with the Family plan also including the parents and parents-in-law in addition to the insured, his or her spouse and dependent children. The Family Floater plan does not include the parents or the parents-in-law

• No medical tests are required for people up to the age of 55 years
• Offers a large coverage starting from Rs. 1,00,000 and up to Rs. 50,00,000 with deductible option of Rs. 1,00,000 to Rs. 10,00,000. The deductible option comes in multiples of 1 lakh
• Has a policy term of 1, 2 or 3 years, with a 5% discount in premium for 2-year policy and 7.5% for a 3-year plan
• Offers a reimbursement up to Rs. 5,000 for ambulance charge
• Covers alternative treatments such as Ayurveda, Yoga, Unani, Siddha and Homeopathy (AYUSH)
• Provides tax deduction under section 80D of the Income Tax Act
• Has a grace period of 30 days from the last day of the policy tenure for SBI Health Insurance renewal

The plan offers you daily benefits on hospitalization and offers additional cover for travelling cost, food, etc. that are not covered in basic plans.  SBI Hospital Daily Cash Insurance policy provides you with fixed benefit for each day hospitalization expenses. Thus, the plan covers the miscellaneous expenses which are usually not covered by the Traditional Policies. Listed below are the essential features of the plan:

Features & Benefits:

• Entry age is 18 to 65 years for adults and children from the age of 3 months can be covered
• The policy offers daily cash benefit from Rs 2000 to Rs 4000
• ICU hospitalization cover up to twice the daily cover
• 4 daily cash benefit options are available under this plan- Rs 500, Rs 1000, Rs 1500, and Rs 2000
• Daily cash benefit from accidental hospitalization is provided
• Convalescence benefit are paid in fixed lumpsum
• You can easily get a refund within 15 days of free look period
• The policy offers 30 days and 60 days of flexible coverage tenure
• Tax saving under Sec 80 D of Income Tax Act

SBI Critical Illness Insurance is a health insurance policy that offers coverage against thirteen most life-threatening diseases. The exorbitant cost of treatment can drain anyone’s savings. But with this policy the treatment expenses are taken care of. The plan details are given below:

Benefits & Features:

• The policy reimburses up to 13 critical illnesses
• The maximum age to buy this plan is 65 years and the minimum is 18 years
• You can select from 1 year and 3-year plan options
• The sum insured limit is up to Rs 50 Lakh
• Pre-medical screening is not required up to 45 years of age
• The policy covers the following critical illnesses: Cancer, Kidney failure, Paralysis, Coma, Total Blindness, Stroke, Primary Pulmonary Arterial Hypertension, Coronary artery by-pass grafts, Multiple Sclerosis, Myocardial Infarction (First Heart Attack), Heart Valve Surgery, Aorta Graft Surgery, and Organ Transplant. This is subjected to Survival period and minimum assessment period clause
• 15 days of free look period is also available in this plan

SBI General’s Group Health Insurance Policy helps you in protecting yourself and your family from unforeseen medical expenses hence ensuring quality health and making the process stress free. Listed below are the essential features of the plan:

Features & Benefits:

• The minimum entry age for child is 3 months and maximum entry age is 30 years    
• Entry age for health insurance cover is 18 to 65 years for adults
• Sum insured limit ranges from Rs1 lakh to Rs5 lakh
• Medical Practitioner and Specialists Fees shall be covered in this plan
• Room, Board & Nursing Charges, ICU charges to be covered as well
• The policy covers Pre and post hospitalization expenses 60 days after and 30 days before hospitalization
• Multiple Coverage Options are offered – Individual & Family Floater options for Sum Insured
• Ambulance charges are paid as well
• 10% Co-payment up to admissible claim limit
• Expenses incurred on daycare surgery, Eye treatment, Dialysis, Tonsillectomy, Chemotherapy, Radiotherapy etc. is recompensed
• Domiciliary hospitalization expenses are covered as well
• Integral expenses incurred on dialysis, oxygen, medicines, radiotherapy, operation theatre, surgical appliances, chemotherapy, pacemaker cost, and similar
• One year of the waiting period is applicable in case of specified diseases
• Coverage of pre-existing diseases is provided after 4 years
• Tax saving benefits are offered under sec 80/D on the SBI health insurance premium

Lifelong renewability coverage option is available

SBI loan insurance is a unique policy that is designed to relieve the stress of paying your home loan under any unfortunate situation arising due to Critical Illness, Personal Accident and Loss of Employment.

Features and Benefits:     

• SBI Loan Insurance Policy can be availed up to 3 years
• Up to the sum assured of Rs 1 Crore, a pre-medical check-up is not required. Up to the age of 55 years also medical check-up is not required.
• Minimum entry age is 18 years and the maximum is up to 60 years
• Permanent disability cover is provided in this plan
• This policy provides loss of job cover– Maximum of 3 EMIs will be compensated
• This plan facilitates Critical illness cover for Cancer, Kidney failure, Paralysis, Coma, Total Blindness, Stroke, Primary Pulmonary Arterial Hypertension, Aorta Graft Surgery, Coronary artery bypass grafts, Multiple Sclerosis, Myocardial Infarction (First Heart Attack), Heart Valve Surgery, Organ Transplant
• 100 % compensation is offered in case of loss of eyes, physical separation or permanent disability of both hands or feet
• Free look period is available
• Pre-medical screening is not required to enrol in SBI loan insurance policy
• Coverage for accidental death is provided

SBI Retail insurance is a health insurance policy that helps you and your family in availing the best medical treatment available. All the family members can be covered under a single policy. The features and benefits that the policyholder can avail are listed below:

Features & Benefits:

• The policy does not require the applicants to undergo premedical screening 45 years if they do not have any medical history
• One of the special features is option to choose from Flexible Plans: Metro Plan, Semi Metro Plan & Rest of India
• The policy covers hospital room rent charges, cost of medicines, ICU charges, nothing expenses, OT charges, and doctor’s fees
• It also covers pre and post hospitalization expenses for 30 and 60 days respectively