SBI Health Insurance

• 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 Insured 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 Insured 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 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 Lakh
• 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 policy. The 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

Listed below are the essential benefits of this policy:

• 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

Note: 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

Listed below are the essential features of this policy:

• 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 lump sum
• 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 benefits under Sec 80 D of the Income Tax Act

Following are the benefits of this policy:

• 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