SBI General Insurance
SBI General Insurance Company Limited is a joint venture between State Bank of India (SBI)- India's largest bank and Insurance Australia Group (IAG)- a general insurance group with operations based in Australia, New Zealand, and Asia. In the merger, SBI possesses 74% and IAG owns 26% of the partnership.The company has a presence in 56 cities pan India and has established itself in nearly 14,000 State Bank of India branches.
SBI General Insurance covers motor, health, travel, personal accident, and home insurance for individuals, groups, commercial, and corporates.
Benefits
- Vast experience- SBI General Insurance is a merger of State Bank of India – the largest banking franchise in India and Insurance Australia Group (IAG) – a general insurance group operating in Australia, New Zealand, and Asia.
- Wide product range- The Company offers a complete spectrum of health insurance products for all customer segments.
- Broad hospital network- SBI health insurance has a broad network of over 3000 hospitals pan India.
Plans Offered by SBI General Insurance
SBI health insurance offers a host of plans to cover a maximum of 4 family members including up to 2 adults and 2 children. SBI health insurance plans include benefits such as medical treatment, pre and post hospitalization cover, and health check-ups after every 4 claim-free years under the policy. The health plans are renewable for your entire lifetime.
You can purchase SBI health insurance online on Insurance Inbox in a hassle-free manner.
Health Insurance
Arogya Premier Policy
Critical Illness Insurance Policy
Frequently Asked Questions
Is pregnancy or any complication arising out of pregnancy covered in SBI health insurance plans?
Any treatment arising from or traceable to pregnancy, childbirth, miscarriage, abortion, or complications related to them, including caesarian deliveries are excluded from coverage.
Does SBI health insurance policy cover alternative treatments?
Alternative treatments, like Ayurveda, Homeopathy, and Unani, taken in a government hospital or in any institute recognized by the government and/or accredited by the Quality Council of India or the National Accreditation Board on Health are covered in the policy.
What are day care surgeries/treatments?
Day care surgery refers to specific day care procedures which require less than 24 hours of hospitalization.
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Review of SBI General Insurance Company Limited
SBI General Insurance Company Limited, with its robust multi-distribution channels, includes over 11,000 IRDA certified SBI and its Associate Bank employees and over 4,800 Agents. Offering a range of competitive general insurance plans for varied customer segments, SBI General Insurance Company has established a strong customer base all over India. The Company has a network of 3000+ hospitals, with 27330 policies issued till date and an Incurred Claims Ratio of 54.41%, which is the overall value of the claims settled by the company, divided by the overall value of the premiums received for the year 2015-16.