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SBI General Insurance Company was founded in 2009 but after going into a joint venture with State Bank of India started its operation in 2009. SBI is the largest stakeholder of the company owning 70% of its share. Other major stakeholders were Axis Asset Management Company and Premji Invest. As of 31st March 2021, SBI General Insurance holds 12th position in the overall market
Products and services offered by the company covers a wide range in the retail and commercial area. In the commercial area, it covers construction, liability insurance, fire, marine, and aviation while it offers motor, travel, health, home insurance and personal accident in the retail area.
Some key highlights of the companies are as follows:
|No. Of Customers||More than 6.8 Crore|
|Branches||Over 22000 across India|
|Hospitals Network||6000 plus|
|Claims Approved||Over Rs.11,000 crore|
|No. Of Employees||21000+ employees|
|Gross Direct Premium||Rs.8,312 crore in FY 2020-21|
In its journey of years to become the best insurance provider and in its mission to become a one-step solution for all the insurance needs of individuals and corporate, SBI General Insurance has achieved various awards and accolades. Some of them are highlighted as follows:
SBI General health insurance plans offer a range of coverage benefits. Some of the most common coverage benefits include the following –
|Inpatient hospitalization||If you are admitted to a hospital and your stay exceeds 24 hours, the costs would be covered under the plan. You get coverage for room rent, nursing charges, doctor’s fee, medicine, blood, oxygen, etc.|
|Pre hospitalization expenses||If you incur medical costs before you are hospitalized, such costs would be covered by the policy.|
|Post hospitalization expenses||If you incur medical costs after being discharged from the hospital, such costs would be covered by the policy|
|Ambulance cover||If you hire an ambulance for hospitalization, the cost of the ambulance would be covered up to specified limits|
|Daycare cover||If you are hospitalized for treatments that do not require 24-hour hospitalization, such treatments would be covered under this benefit|
|Organ donor cover||If a donor is being hospitalized for donating his/her organ to you, the cost of the donor’s hospitalization and organ harvesting surgery would be covered|
|Domiciliary hospitalization||If you seek home hospitalization because you cannot be shifted to a hospital or because there are no hospital beds, it would be called domiciliary hospitalization. Such a hospitalization would be covered under the plan|
|No claim bonus||SBI General health insurance plans treat you if you do not claim in a policy year. You are rewarded with a no claim bonus which either enhances your sum insured by a specific percentage or allows a premium discount on renewal|
|Health check-ups||You can also avail of free health check-ups under SBI General health insurance plans. This check-up is allowed at specified intervals that help you to monitor and track your health|
There are some instances wherein your SBI General health insurance policy does not pay the claim. These instances are called policy exclusions. The exact exclusions depend on the policy that you buy. However, some of the common coverage exclusions applicable under most plans are as follows –
A basic health insurance scheme, Arogya Plus offers you attractive coverage benefits at affordable rates. Here are the salient features of the policy –
Buy the policy without undergoing any health check-ups if you are aged up to 55 years. This ensures a hassle-free purchase and an instant cover.
The policy allows coverage for expenses incurred on an outpatient basis, i.e. when you are not hospitalized. Maternity related expenses incurred on an OPD basis are also included.
HIV and AIDS are covered and that too the coverage is up to the sum insured.
Get the benefit of advanced medical treatments without worrying about the costs. Get covered for 12 such treatments for up to 50% of the sum insured.
The plan offers unique coverage for genetic disorders and internal congenital illnesses. Coverage for genetic disorders is available for up to Rs.50,000 while congenital illnesses are covered up to 10% of the sum insured.
|Entry age||3 months to 65 years|
|Sum insured||Rs.1 lakh to Rs.3 lakhs|
|Policy term||1 year to 3 years|
|Pre-existing waiting period||48 months|
Arogya Supreme provides a comprehensive scope of coverage so that most of your medical costs get covered under the policy. Some of the plan’s highlights are as follows –
If you are an adult and are prescribed bariatric surgery for morbidly obese conditions, the cost of the surgery would be covered by the policy.
Medical emergencies can require additional assistance. That is why the policy allows coverage for domestic ambulances, including air ambulances, for transporting you to a suitable hospital.
If you are hospitalized and your hospitalization exceeds 10 days, you get a lump sum recovery benefit over and above the claim paid under the policy.
The plan understands that you might suffer multiple claims during the policy tenure. That is why, to provide adequate coverage, the sum insured refill benefit is allowed. Your sum insured is refilled by 100% if the existing coverage has been exhausted on a previous claim.
You can avail of a free online consultation with the company’s panel of medical experts in the case of severe medical conditions.
If you are hospitalized away from home and your hospitalization exceeds 5 days, the return airfare of an immediate family member would be covered by the policy.
SBI Arogya Supreme offers you a range of optional coverage benefits that you can choose to enhance the scope of the policy.
|Sum insured||Rs.3 lakhs to Rs.25 lakhs|
|Policy term||1 year to 3 years|
|Pre-existing waiting period||48 months|
PayBima is an online platform where you can get a lot of insurance-related services. Anyone can visit www.PayBima.com and buy the desired SBI General insurance plan in a hassle-free and easy manner. The process to be followed is discussed below:
Go to PayBima.com and find suitable insurance plans from the options available.
Provide the relevant details asked in the form. These details include personal, medical and coverage related details like name, medical history, age, gender, eligibility conditions, lifestyle habits, locations, number of dependents and the desired sum assured in the plan etc. Also, provide your contact details to enable PayBima for personalized consultations to guide you to buy the most suitable health plan in a hassle-free manner.
You can find a range of policies on PayBima. Compare the policies based on their coverage benefits and premium. Choose a suitable plan based on your coverage needs.
As you decided the plan and policy as per your requirements, the proposal form should be filled correctly and completely with all the complete details as per the requirement of the policy. Fill the form correctly for ease in the settlement of the claim. After filling the form sign and submit it.
After completing the entire formalities, pay the premium. You can pay the premium online through different modes. The policy would be issued instantly once the premium is paid. In some cases, there might be a pre-entrance health check-up depending on the policy and your medical history.
Depending on your age, sum insured and medical history, the insurer might ask you to undergo a pre-entrance health check-up. Undertake the check-up at the insurer’s networked hospital. Based on the results, the policy would be issued.
Buying, as well as renewal of the selected policy, can be done online through PayBima. At PayBima the renewal facility is very easy. Any policyholder can smoothly renew their policy online without any hassle. It is always recommended to renew your SBI General health plan within the due date. You can enjoy uninterrupted benefits and non-stop coverage.
By providing the policy number online renewal can be done easily. Any changes if required in the policy or policy details can also be done while renewing the policy. Various types of riders are available which can be chosen to enhance the coverage of your plan. As soon you pay the premium online for the renewal of the policy, your policy will be renewed and renewed policy bond will be generated instantly. For any assistance to renew SBI General insurance policy, you can contact PayBima through call at 1800 267 67 67 or drop an email at firstname.lastname@example.org.
The claim process of the SBI General insurance policy is simple. You can also get the claim settled through PayBima. The process is discussed as follows:
With more than 6000 Network hospitals, you can opt for cashless claims. Locate a networked hospital either through the company website or by contacting PayBima. Get admitted to the hospital for cashless claims.
Inform the insurer of the claim to get your claim registered. This would also help you avail of approval for the cashless claim at the earliest.
To avail of the cashless benefit, you have to submit a pre-authorisation claim form. The form is available both at the insurer’s website and at the hospital desk. Fill the form and submit it either 3-4 days before a planned hospitalisation or 24 hours within an emergency admission.
After proper verification and certification of the pre-authorization form, the insurer would approve the cashless claim. If the cashless approval is not received, you can also file for a reimbursement claim.
After getting approval for the claim, cashless treatments would be provided by the hospital. The hospital bills would be directly settled by the insurer.
In non-network hospitals, you would not get cashless approvals. Moreover, in some cases, cashless approvals might also not be available in all cases. In such cases, you can file for a reimbursement claim. Pay your hospital bills and get discharged. After discharge submits the claim form and the medical bills to the insurer. The company would verify the documents and reimburse the amount incurred.
You can contact PayBima for easy claim settlement. You can either dial 1800 267 67 67 or mail us at email@example.com we would gladly help you with your claim settlement.
They are certain documents that are required to be submitted along with the claim form for the successful settlement of your claim. The documents include the following:
SBI General Insurance plans cover a wide range of products in various fields and at competitive prices. Other highlights are as follows:
|Health Insurers in India|
|Universal Sompo General Insurance Company Limited||Future Generali India Insurance Company Limited|
|Bajaj Allianz General Insurance Company Limited||HDFC Ergo General Insurance Company Limited|
|Care Health Insurance Company Limited||ICICI Lombard General Insurance Company Limited|
|Chola MS General Insurance Company Limited||Manipal Cigna Health Insurance Company Limited|
|Niva Bupa Health Insurance Company Limited||Royal Sundaram General Insurance Company Limited|
|Aditya Birla Health Insurance Company Limited||Tata AIG General Insurance Company Limited|
Frequently Asked Questions
Q: Is there a grace period under SBI General health insurance plans?
Yes, a grace period of 30 days is allowed under SBI General health insurance plans. You can pay the premium within the grace period to continue the renewal benefits.
Q: How many members can be covered under a floater plan?
The family floater policy under Arogya Plus and Arogya Supreme covers a maximum of 2 adults and 2 children.
Q: Are free health check-ups allowed?
Yes, Arogya Supreme allows free annual health check-ups.
Q: Is there a waiting period for the coverage of internal congenital disorders?
Yes, there is a waiting period of 24 months for the coverage of internal congenital disorders.
Q: Do I get any discounts?
The discounts depend on the policy that you have selected. For instance, Arogya Supreme offers multiple discounts like family discounts, loyalty discounts and long-term policy discounts. So, check the discounts when you buy the plan.
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