All You Need to Know About SBI Health Insurance

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.

Health insurance companies

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.

*Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.

*All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

**All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

*₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

*₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

*₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

*₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

*₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

*₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

*₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

*No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

*The values taken for effective cost calculation are indicative values and may change as per the selected plan.

*Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

*Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

*The scope of coverage may vary from plan to plan.

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##On ground claim assistance is available in 114 cities

Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.

STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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