*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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SBI Health Insurance offers comprehensive insurance coverage for hospitalization expenses incurred by the policyholder. SBI medical insurance plans cover the insured person for in-patient hospitalization expenses, pre and post-hospitalization costs, day-care treatments and many other healthcare expenses. One can choose from SBI health insurance plans for senior citizens, individual plans, corporate plans and corporate group plans with a flexible policy premium term.
SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns around 74% of the total capital and IAG the remaining 26%. SBI takes immense pride to confirm that during the year 2013-14, SBI General in association with State Bank of India covered over 1.5 Crore Saving Bank Account holders of SBI with a Personal Accident Insurance cover.
SBI General Insurance has also established its presence in nearly 14,000 branches of State Bank of India. SBI General Insurance has more than 68 million happy customers and also received iAAA accreditation by ICRA for its high claim paying abilities. SBI Health Insurance claim settlement ratio of 96% further boasts about company’s claim settlement.
SBI General Insurance Company offers a comprehensive range of health insurance plans to the customers. The list of various health insurance plans offered by SBI is given below:
SBI General Health Insurance Company has designed its medical insurance plans with some unique features and benefits that its customers can avail. Medical expenses, as well as the treatment costs for various ailments, are perpetually on the rise; therefore buying health insurance plans have become extremely important in the modern-day healthcare scenario. SBI health insurance plans will provide you beneficial healthcare services and a sense of financial security. Below are some of the major benefits of buying SBI health insurance plans -
SBI Arogya Premier Insurance Policy is designed to cover individuals as well as their family members for medical expenses. Listed below are the essential features of this health scheme:
Plan Type | Individual/Family Floater |
Sum Insured | Rs 10 lakh – Rs 30 lakh |
Policy Term | 1, 2, and 3 years |
Ager Criteria | 3 months to 65 years |
SBI Arogya Plus Policy is a mediclaim policy from SBI General Health Insurance that covers rising costs of OPD and hospitalization expenses, and minimizes the out-of-the-pocket expenses for the policyholder. Listed below are the essential features of this policy:
Plan Type | Individual/Family Floater |
Sum Insured | Rs 1,2 & 3 Lakh |
Age Criteria | 3 months to 65 years |
Policy Term | 1, 2, and 3 years |
SBI Arogya top up is a mediclaim policy from SBI which 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, this mediclaim 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 benefits of this policy:
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
This SBI Mediclaim Policy 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 this policy:
Plan Type | Individual |
Sum Insured | Daily Basis |
Policy Term | 30 days and 60 days |
SBI critical illness insurance policy offers coverage against thirteen most life-threatening diseases. The exorbitant cost of treatment can drain anyone’s savings. But with this mediclaim policy the treatment expenses are taken care of.
Following are the benefits of this policy:
Plan Type | Individual |
Sum Insured | Rs 2 Lakh to Rs 50 Lakh |
Entry Age | Up to 65 years |
Number of Critical Illnesses Covered | 13 |
Policy Term | 1 and 3 years |
SBI General’s Group Health Insurance Policy helps you in protecting yourself and your family from unforeseen medical expenses hence ensuring quality healthcare and making the process stress free. Listed below are the essential features of this policy:
Features & Benefits:
Plan Type | Individual/Family Floater |
Age Criteria | 18 to 65 years |
Pre-medical Check-up | Not Required up to 65 years |
Sum Insured | Rs 1 lakh – Rs 5 lakh |
SBI loan insurance is a unique Mediclaim policy from SBI 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.
Below are the following benefits and features of the policy:
Entry Age Criteria | 18 to 60 years |
Sum Insured | Rs 1 Crore |
Waiting Period | 90 days |
Pre-medical Check-up | Not Required up to 45 years |
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:
Plan Type | Family Floater |
Sum Insured | Rs 50,000- Rs 5 lakh |
Add-on Covers | Available |
Pre-medical Check-up | Up to Rs 2500 |
SBI Mediclaim Policy cover the following expenses that may vary on the basis of the plan chosen:
Listed below are the circumstances that are not covered under a mediclaim policy of SBI and the insurance company is not liable to fulfill your claims under the following circumstances:
SBI health insurance plans can be purchased easily through multiple channels i.e. online, offline, and over a call. If you want to buy a SBI health insurance policy check out the ways to do so:
Lastly, you can also visit SBI General Insurance company’s branches or get in touch with an agent to buy a SBI mediclaim policy as required
SBI health insurance plans are quite simple and easy to renew online. Just follow these simple steps to renew SBI medical insurance plans online for self, family, parents, and senior citizens. Online renewal saves both time and efforts. Mentioned below are steps that you can follow to renew your SBI health insurance policy online-
The procedure to initiate the SBI health insurance claim process is given below:
Following documents are required to process SBI General health insurance claim:
SBI General health insurance providers this special policy for account holders with State Bank of India:
The insurer offers international health cover for 11 specified critical illnesses and the process goes as follows:
SBI General Insurance facilitates its applicants and customers to call on their Toll Free - 1800 22 1111 / 1800 102 1111 number from Monday to Saturday. Customers can also Fax them at 1800 22 7244 / 1800 102 7244. You can also send them an email at customer[.]care[at]sbigeneral.in or visit at any of the SBI General Insurance branch.
Ans: The SBI General Insurance Company Ltd. offers a few modes of premium payment namely:
For the online payment mode, the policyholder can pay via:
Ans: For registered SBI Health Insurance online users, login to the website with your policy details and check the status. The information in the SBI Health Insurance online site will show you the status of your policy.
Ans: You need to intimate the company on the toll free number or you can send the claim request on company’s mail id. Upon successful completion of the documentation, the claim is settled within 30 days.
Ans: Every health insurance company offers a free-look period to the policy holders, which is usually around 15 days. The policy can be cancelled during this period free of cost. For policy cancellation during the policy term please check with the insurer.
Ans: The premium for every health insurance policy varies on the basis of the policy type, the age of the insurer, the sum insured, etc. For example, the premium for anyone between the age group of 36-40 years for a Rs 10 Lakh policy is around Rs 9,826,
Ans: Permanent exclusions in a health insurance policy refer to the situations under which the insurer is not liable to pay the claim amount under any circumstances. Permanent exclusions do not have any waiting period clause also, as they are excluded from coverage benefits. It can be suicidal attempts, an overdose of alcohol, etc.
Ans: Pre-existing diseases refer to the health conditions that the policy applicant may have before purchasing the policy. These can be blood pressure, sugar, diabetes, etc. These pre-existing illnesses are covered after a waiting period of 2 to 4 years depending upon the policy purchased.
Now all health insurance policyholders of SBI General Insurance can breathe a sigh of relief as the insurer has come up with a standalone health insurance policy covering the ongoing pandemic Covid-19. Known as Arogya Sanjeevani Health Insurance, the policy coverage ranges from Rs 1 lakh to 5 lakh that covers treatment expenses incurred due to Covid-19. An initiative like this can help in availing hassle-free and affordable health care in times like these without having to bothering about the expenses.
Pushan Mahapatra, MD & CEO, SBI General Insurance while speaking on the launch of this policy termed this as a welcome development being launched with affordable premium and standard coverage, as per the guidelines of IRDA. Mr. Mahapatra was quite confident initiatives like this will help in increase health insurance penetration. In his speech he also mentioned that with a trusted brand like SBI and a robust distribution channels, they will try promoting this product especially in tier 2, tier 3 and rural areas, so that maximum awareness can be ensured.