Insurance Plans 1500 views December 31, 2019

Mediclaim Policy of SBI

State Bank of India is the largest banking giant in India. SBI General Insurance Company is a general insurance providing arm. The company was established in the year 2010 by way of the joint venture between State Bank of India and Insurance Australia Group. Since its inception the company aims to offer the best in class general insurance product at an affordable premium cost. General insurance plans are designed to cater to individual and business customers.

Health Insurance

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State Bank of India General Insurance Company offers a comprehensive suite of products ranging from Health Insurance, Motor Insurance, Personal Accident, Travel Insurance and Home Insurance. All the insurance products offer amazing features and benefits however Health Insurance is one of the most popular and preferred product lines.

The following are various health insurance plans offered by SBI General Insurance

  1. SBI General Arogya Premier Policy
  2. SBI General Arogya Plus Policy
  3. SBI General Arogya Top-up Policy
  4. SBI General Retail Health Insurance Policy
  5. SBI General Critical Illness Insurance Policy
  6. SBI General Hospital Daily Cash Insurance Policy

Overview of all the health insurance plans offered by SBI General Insurance

SBI General Arogya Premier Policy:

The health insurance plan designed to offer 360-degree of protection and coverage of medical expenses. The plan offers the following amazing features and benefits:

  1. No pre-policy medical test up to the age of 55 years for people with no medical history
  2. Day Care expenses of 142 covered.
  3. 10 percent No Claim Bonus of Sum Insured for each claim-free year, maximum up to 50%
  4. Tax Deduction for the premium paid is available under Sec 80D

The SBI’s Arogya Premier Policy covers the following, subject to the terms and conditions mentioned in the policy:

  1. Hospital room rent, Boarding expenses and Doctor fees
  2. Operation Theatre and Intensive Care charges
  3. Nursing expenses
  4. Medicines consumed during the hospital stay
  5. Pre and Post hospitalisation expenses up to 60 and 90 days respectively
  6. Expenses of Alternative treatment availed from accredited or recognised hospitals

Plan Details of SBI General Arogya Premier Policy:

Policy Term1 year, 2 Years, and 3 years
Entry AgeMinimum 3 months
Maximum 65 years
Plan BasisIndividual and Family
Sum AssuredMinimum: Rs. 10,00,000
Maximum: Rs. 30,00,000
Medical examinationFor individuals above 55 years
No Claim Bonus10%

SBI General Arogya Plus Plan:

This is a comprehensive health insurance plan that offers multiple coverage options to avoid spending much on hospital bills. The following are the key features offered by the plan:

  1. No pre-medical check-up up to 55 years with no medical history
  2. Day Care expenses cover for 142 days
  3. Comprehensive coverage: Pre and Post-Hospitalisation up to 60 and 90 days respectively
  4. Multiple Sum Insured options: Rs 1 Lakh, 2Lakhs, and 3 Lakhs
  5. IT Exemption under Sec 80D
  6. OPD expenses cover

The plan offers coverage for the following expenses:

  1. Hospital room rent, boarding expenses and doctor fees
  2. Operation Theatre and Intensive Care charges
  3. Nursing expenses
  4. Pharmacy expenses incurred during the hospital stay
  5. Expenses of Alternative treatment availed from accredited or recognised hospitals
  6. Domiciliary hospitalisation.
  7. Outpatient Treatment

Plan Details of SBI General Arogya Plus Plan:

Policy Term 1 year, 2years, and 3 years
Entry Age Minimum 3 months
Maximum 65 years
Plan Basis Individual and Family
Sum Assured Minimum: Rs. 1 lakh
Maximum: Rs. 3 lakhs
PremiumRs. 8,900 For 1 lakh SA
Rs. 13,350 For 2 lakh SA
Rs. 17,800 For 3 lakh SA

SBI General Arogya Top-up Policy:

The plan is designed to offer additional financial backup in times of medical emergency. This additional top-up is over and above the basic health insurance plan of the policyholder.

The following are the key features, inclusions and plan details of the policy

  1. No medical check-up till 55 years (if no pre-existing medical condition)
  2. 142 Daycare expenses.
  3. Comprehensive Coverage
  4. Wide coverage
  5. IT exemption under Sec 80D

Inclusions of the Arogya Top-up plan are:

  1. Room rent, Doctor Fees, ICU charges, Nursing Costs
  2. Drugs, pharmacy and consumables expenses
  3. Pre-hospitalisation expenses up to 60 days for each hospitalisation, Post-hospitalisation expenses up to 90 days
  4. Day Care expenses

Plan Details of SBI General Arogya Top-Up Policy

Policy Term1 year,2 year, and 3 years
Entry AgeMinimum 3 months
Maximum 65 years
Plan BasisIndividual, Family and family floater
Sum AssuredMinimum: Rs. 1 lakh, maximum: Rs. 50 lakhs
Premium DiscountsFor Family Floater Discount:
2 members 10%
3 members 15%
4 or more members 20%

For Family discount
2 members 5%
More than 2 members 7.5%

Long term Discount
for 2 years policy 5% discount
for 3 years policy 7.5% discount

SBI General Retail Health Insurance Policy:

The Retail Health Insurance Policy takes care of all your expenses in times of medical emergencies. The following are the key features offered by the plan:

  1. Wide Coverage
  2. No medical check-up Up to 45 year if no medical history
  3. Flexible Plans variants: Metro Plan, Semi Metro Plan & Rest of India
  4. Income Tax Exemption under Sec 80D

Major Inclusions under the plan are as under:

  1. hospital room rent, boarding expenses and doctor fees
  2. Operation Theatre and Intensive Care charges
  3. Nursing expenses
  4. Pharmacy expenses incurred during the hospital stay
  5. Pre and Post hospitalisation expenses up to 30 and 60 days respectively

Plan details of SBI General Retail Health Insurance Plan

Entry AgeMinimum 3 months
Maximum 65 years
Plan BasisIndividual and family
Sum AssuredMinimum: 50,000.00
Maximum: 5,00,000.00
Medical ScreeningFor the customers above 45 years
Co-Payment 10%
Waiting Period1 year

SBI General Critical Illness Plan:

This plan is designed to cover the 13 life-threatening diseases. This plan offers to provide with a fixed sum of money if the policyholder is diagnosed with a serious illness. The following are key features offered by the plan

  1. Covers 13 critical Illnesses
  2. Income Tax Exemption under Sec 80D

Plan Details of SBI General Critical Illness Plan:

Policy Term1 Year and 3 Years
Entry AgeMinimum 18 Years,
Maximum 65 Years
Plan BasisIndividual
Sum AssuredMinimum Rs 2 lakhs,
Maximum Rs 50 Lakhs

SBI General Hospital Daily Cash Plan:

The plan is designed to offer daily hospital cash to the policyholder in the event of hospitalization. The following are the key features of the plan:

  1. Daily cash benefit: From Rs.2,000 to Rs 4,000 per day
  2. Convalescence Expenses: Up to Rs.5000
  3. Age of entry: 18 to 65 years.
  4. 4 Plan Options: Daily Benefit Amount
  5. IT Exemption: Under Sec 80 D

The plan offers coverage for:

  1. Accidental injury or sickness resulting in hospitalization during the policy period
  2. The maximum benefit payable is 30 to 60 days within the policy period

Plan Options of SBI General Hospital Daily Cash Plan

The Hospital Daily Cash Insurance Policy offers two coverage options:

  1. 30 days coverage
  2. 60 days coverage
  3. Daily benefits ranging from Rs. 500 to Rs. 2,000.

Policy term options available under the plan are:

  1. 1 Year, 2 Years and 3 Years for Individuals
  2. 1 Year for Family

The details of the Entry Age are as under:

  1. Minimum: 18 years
  2. Maximum: 65 Years
  3. Children: more than 3 months

So, once you go through all the mediclaim policies of SBI General Insurance, you can compare and then choose the one which best suits your needs.

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