SBI Health insurance plans were established with the objectives of serving the healthcare needs of a very large population of the Indian state.
The set of all healthcare policies offered through these schemes will aid the people in the time of medical contingencies. These health insurance plans are acknowledged for offering comprehensive packages along with the OPD package to secure all crucial illnesses too.
The parent health insurance company of India’s largest overgrown government banking sector, SBI emerged out in the market to facilitate health insurance benefits to people from different walks of life.
The State Bank of India in the blend with the heading public sector company merged with the Insurance Australia Group to germinate SBI General Insurance Company.
Its formation took place in the year 2010 and since then it has emerged as the single largest company to introduce insurance plans for small and mid-level organizations, individuals, retailers, upper and lower-middle-class families too at reasonable premium rates.
Some of the most acknowledged different types of health insurance plans are given below-
a) SBI Arogya Premier Policy
b) SBI Arogya Plus Policy
c) SBI Arogya Top-Up Policy
d) SBI Retail Health Insurance Policy
e) SBI critical illness insurance policy
f) SBI Hospital Daily Cash Insurance Policy
g) SBI loan insurance policy
h) SBI Arogya Premier Policy
SBI Arogya Premier Policy is the premium policy offered by SBI which covers all the medical expenses covered through hospitalization, consultation, and transplantation incurred by the insurer as well as the company.
The benefits associated with this health insurance scheme are many and some of them are the coverings of expenses incurred in pre and post-hospitalization costs which comprise of diagnostic reports, doctor, consultation, medicines, and many more sets of things.
This scheme also covers 142-day care procedures which include cataracts, piles, tonsils, ulcers, and many more types of minor diseases.
It also covers the maternity expenses including OPD expenses which are involved in the treatment of the mother.
It’s comprehensive packaging also includes organ donation and organ transplantation too.
Individuals owing maximum age limit of 65 years can create their account in this scheme and the amount of sum incurred in this scheme include Rs 10 lacs to Rs 30 lacs. The duration of this policy is estimated to be around one year. They can be paid in premium too.
a) SBI Arogya Plus Policy
It is just another best policy that is made to support the insurer to meet the rising demands of the medical cost incurred for the treatment of other types of ailment and other regular medical expenses.
Similar to the previous one, some of its features do include are almost the same as mentioned in the former policy like it covers the overall expenses of in-patient hospitalization.
The amount of sum insured upon the family numbers lies in Rs1 lac, Rs 2 lac, and Rs 3 lac.
It can be paid annually or monthly too.
b) SBI Retail Health Insurance Policy
One of the most comprehensive plans for SBI which includes all the medical benefits along with additional benefits at affordable premium rates.
It is one such policy that opens-up to give a pool of options for covering larger benefits
Plan A Metro Plan- The company facilitates 100% of the claim if the insurer has been living in Delhi or Mumbai.
Plan B Semi Metro Plan-The The company intends to pay 100 percent of the claim amount if the insurer has been residing in Chennai, Kolkata, Ahmedabad, Hyderabad, or any other semi-metro city.
Plan C (Rest of India)- In the third option, the company pays the full amount of payment to insurer living in any other cities except the ones which are mentioned in the plan A and B.
The total amount of sum insured upon this plan includes Rs 50,000 to Rs 5, 00,000.
The duration of this policy term is estimated to be of one year.
c) SBI Critical Illness Insurance Policy
It is one such plan that offers a shield to the entire family upon the unfortunate death of any policyholder due to the diagnosed critical illness. The overall coverage amount incurred in this policy is paid to the insurer if his battle with diagnosed disease lies for more than 28 days and it is counted from the starting date of his diagnosis.
It is one such policy that covers major 13 crucial sicknesses like kidney failure, permanent paralysis of limbs, aorta graft surgery, and many more.
Its feature does not include any pre-policy medical check-up for individuals aging up to 45 years.
It also sanctions policyholders to choose a sum assured up to Rs 50 lacs.
Its overall paying term includes three years.
d) SBI Hospital Daily Cash Policy
One of the most advantageous features associated with this plan is that the policyholder investing in this scheme will also be liable to accept daily cash at the time of his hospitalization.
It also helps the insurer to get any type of treatment for any type of illness and a guaranteed cash amount of Rs 500 to Rs 2000 is allotted at the time of need.
This scheme also facilitates the provision of providing daily cash for a maximum period of 7 days if the person is hospitalized.
Its insurance scheme offers covering various illnesses like an internal tumor, cyst, nodule, and fistula too.
e) SBI Loan Insurance Policy
If an insurer is a victim of unemployment, critical illness, or an accident then this policy is best suited for him in the hour need.
The utilization of its critical package has helped in covering the critical illness such as paralysis, aorta graft surgery, end-stage renal failure, and many other deadly sets of diseases.
It provides a 100% wholesome amount to the insurer in the time of the accident or if it has faced any fatal disease.
Since it is loan insurance, generally SBI will offer a maximum of 3 years coverage and it also takes the guarantee of not allowing the loan amount to hang around the neck of the insurer for a whole life.
Fixing and Reducing are the two sets of its insured plans.
It allows senior citizen aging 70 years to open their beneficiary accounts too.
So How is it the Most Conducive Health Insurance Policy?
SBI health insurance policy is acclaimed to be the best premium policy that has helped in shielding the lives of millions of people and has even offered them a protective roof over their heads. With connecting to SBI health insurance, one can avail plenty of lump-sum benefits that were not known to him before.