State Bank of India Health Insurance Review : Features, Plans, Network
In today’s post, we have given complete information about State Bank of India Health Insurance, you must see the insurance of this company before buying your health Cover .
State Bank of India Health Insurance
State Bank of India (SBI) Health Insurance is a very big health Cover company in India. Which was started by SBI Group in 2010.
If we talk about the Cover coming by SBI company, then this company provides insurance of Motor Vehicle, Personal, Travel, Term, Home etc. along with health insurance.
In today’s modern times where all the information is available on the internet, it has become a very difficult task to choose an ideal health insurance, at this time more than 30 health insurance companies are available in India, so many companies have their own.
Health Cover also confuses people to sell, and if you take your insurance from a wrong company, then you may face many problems while claiming insurance.
Also Read : Royal Sundaram Health Insurance
Features of State Bank of India Health Insurance
We have explained in detail the features of health Cover coming by SBI company below, if you are looking to take your health Insurance from this company, then read these features carefully.
Market share
The market share of State Bank of India was 742.26 crore in the financial year 2019 to 2020. We have given below the market share of SBI Health Insurance for the last 4 years, with the help of which you can get a fair idea of its market share.
| Year | Market Share in Crore |
| 2016-17 | 792 Cr. |
| 2017-18 | 939 Cr. |
| 2018-19 | 513 Cr. |
| 2019-20 | 742 Cr. |
Network hospitals
Before choosing a good and reliable health insurance, you should know about the network connectivity of that company.
Presently State Bank of India has more than 6000 network connectivity. So that when you go to claim any Cover of this company,
Then you will not have to face any kind of problem at that time. There are many companies whose network connectivity is more than that of State Bank of India, you must also know about those companies before taking your health insurance.
Claim settlement ratio
The claim settlement ratio also matters a lot while taking health insurance from a good company, if we talk about the claim settlement ratio of State Bank of India,
It is 97% as per IRDAI annual report for 2019 to 2020. We have given below the claim settlement ratio of State Bank of India for the last 4 years, which will make it easier for you to understand the claim of this company.
| Year | Claim Settlement Ratio |
| 2016-17 | 87 |
| 2016-17 | 98 |
| 2016-17 | 97 |
| 2016-17 | 97 |
Solvency ratio
It is also very important for you to check the solvency ratio of any company to get health Cover . IRDAI i.e. Insurance Regulatory and Development Authority in India has set the solvency ratio of any company at 1.5.
In such a situation, we have given below the solvency ratio of State Bank of India health Cover for the last 4 years, which will make it easy for you to understand its solvency ratio.
| Year | Solvency Ratio |
| 2016-17 | 1.92 |
| 2016-17 | 2.55 |
| 2016-17 | 2.37 |
| 2016-17 | 2.21 |
State Bank of India Health Insurance Plans
Friends, State Bank of India i.e. SBI provides many types of health insurance plans, out of which we have given below some of the best health Cover plans, which you should know about. So that you can choose the right health insurance for you.
SBI Arogya Premium Policy
SBI Arogya Premium Policy provides a comprehensive medical coverage. You can take it for yourself or for your kids and your parents.
| Minimum age of entry | 3 months |
| Maximum age of entry | 65 years |
| Sum Insured | 10 lakh to 30 lakh |
| Policy term | 1-3 Years |
SBI Arogya Plus Policy
This is a health insurance policy by State Bank of India, which can be taken by any person up to 65 years of age. Below are some of the special features of this Cover .
| Minimum age of entry | 3 months |
| Maximum age of entry | 65 years |
| Sum Insured | 1 lakh to 3 lakh |
| Policy term | 1-3 Years |
SBI Arogya Top Up Policy
SBI Arogya Top Up Policy is a health insurance plan offered by State Bank of India. You can get this done for your kids and parents.
This Cover provides the facility of hospitalization expenses in case of illness, injury, accident and emergency due to illness.
| Minimum age of entry | 3 months |
| Maximum age of entry | 65 years |
| Sum Insured | 1 lakh to 50 lakh |
| Policy term | 1-3 Years |
SBI Critical Illness Insurance
SBI Critical Illness Insurance is a type of health Cover . Which provides health insurance for any critical type of illness.
You should be minimum 18 years and maximum 65 years to take this Cover . The sum insured of this company is from 2 lakh to 50 lakh.
| Minimum age of entry | 18 Years |
| Maximum age of entry | 65 years |
| Sum Insured | 2 lakh to 50 lakh |
| Policy term | 1-3 Years |
Conclusion
In today’s time we are leading a run-of-the-mill life. And in such a situation, we forget to take care of our health, if you are also one of them.
Then you must take health Cover. Today in this post we talked about health insurance coming from State Bank of India.
Along with this, we also got information about its features, and see the best health insurance plans coming from SBI. Hope you liked this post of ours today and got to know something new from it.
