July 11, 2018
Brown Mark (73 articles)


‘Money can’t buy happiness’! Well, one of the most known and heard sayings. In this ever-growing and developing world, money plays an important role in our day-to-day lives. We never know what fate awaits us and what misfortunes may befall us. So why take risks when you can lead a financially secured one? Talking of the misfortunes, medical emergencies are more like a catastrophe. Medical inflation and rise in lifestyle diseases have urged people to buy health insurance policies. But there are many instances where mere ignorance on part of the policyholder, makes them fall prey to faulty insurers. Hence, a thorough study of the insurers and the policies they offer is quite important before applying for one.

The Health Insurance market in India is brimming with several insurers and attractive plans, amongst which Health Insurance from SBI General Insurance is regarded as one of the most trustworthy insurers for a genuine reason. Read along to find the reasons underlying the same.

An Overview:

SBI General Insurance Company Limited is a joint venture between Insurance Australia Group (IAG) and State Bank of India (SBI) where IAG owns only 26% of the total capital and SBI is on the higher side with 74%.

SBI General follows an efficient distribution system where its geographical coverage extends to 100+ cities in India and a 350+ presence in other locations through satellite resources.

Buying Health Insurance from SBI General  Insurance

One can apply for a plan through multiple channels:

  • Citizens who desire to take up a plan can call up the Sales Helpline of the Company and seek help from the Customer Service Representatives.
  • By providing the name, mobile number and Email ID on the website, you can request for a call-back.
  • Online Health Insurance Plans can be applied by simply clicking on the ‘Buy Now’ tab shown against the relevant plan.
  • Getting in touch with an agent or visiting the company’s branches will also help fetch details and carry forward the procedures.

₪ Check-list before buying health insurance plans from SBI

  • Carry out detailed analysis of your personal and family needs. Then, choose the most appropriate plan accordingly.
  • All the factors like sum insured amount, claim ratio, policy tenure need to be well considered. Compare all the benefits of various plans and choose wisely.
  • Keep all the required documents that are to be furnished, ready. (ID proof, residential proof, medical certificate, etc.)

Reasons to Buy SBI’s Health Insurance Plans

Now, if you want the reasons for choosing SBI’s Health Insurance plan, then they’re mentioned below in  bulletin points:

  • Good Coverage options: SBI offers its customers attractive coverage options, where the prospective buyer can select a plan and a sum insured amount according to his needs and financial limitations without any hassles.
  • Hassle free Claim Settlement
  • Online Transactions
  • Flexible and Comprehensive plans: SBI offers its customers a wide variety of plan options for policyholders to choose from according to personal preferences and other criteria such as the city they live in.
  • Added Benefits: One of the major features of SBI is its wide range of cover options. Few of them worth mentioning under the plan include ICU charges, ambulance fee, consultancy charges, operation theatre fee, etc.
  • Portability: SBI makes it easy for any customer to port the policy from other insurers to SBI without many hassles.
  • Complaint Redressal: Customers can lodge complaints either through the online or toll-free number with the help of Grievance Redressal Option.
  • The SBI Health Insurance offers general insurance that ranges between ₹ 50,000 – 5,00,000
  • The company doesn’t ask for any pre-medical check-up up to 45 year old individuals, only if there hasn’t been any previous health history.
  • SBI Health Insurance plan’s family floater plan contains your spouse, parents and other family members, under a single plan with a single premium.
  • Lifelong renewability is a major plus point of the plan.
  • Both pre and post-hospitalization expenses are covered under the plan.
  • Renewal of health insurance policies other than SBI General is possible with SBI General Health Insurance Plan.
  • Under Section D of the Income Tax Act 1961, you can avail tax benefits against the premium paid for SBI Health Insurance plan.
  • The coverage of the basic policy can be enhanced by adding additional covers such as top-up plan, removal of cap-on room rent or doctor’s fees.
  • The company has a large number of tie-ups with healthcare institutions; you can avail cashless treatment in almost 3000 network hospitals.
  • 24/7 Customer Service:
    •  SBI General Insurance Company has a bunch of well-trained customer service teams that work on 24/7 basis and are keen to answer any doubts and claim queries and resolve issues regarding insurance.

Nothing can be achieved without a healthy body. So, to safeguard oneself from any medical emergencies, owning an appropriate health insurance plan is the need-of-the-hour. SBI’s Health Insurance plan aims to safeguard the needs of its valuable customers. For more details on health insurance logon to Coverfox.com.

Brown Mark

Brown Mark