At SBI General, we offer various types of health insurance plans keeping in mind the specific requirements of customers. Here is a look at the salient features of these health insurance plans:
Tough times teach us tough lessons. And one crucial thing we all have learned in the past few months is that health comes before everything else. The first motto of your life should always be to ensure the well-being of yourself and your family. But how exactly do you do that? The answer is simple - By placing health as the top goal of your financial planning.
Health insurance is essentially an insurance product that offers coverage against medical expenses that a person and his/her family might incur in the future. A health insurance policy is a contract between an insurance company and the buyer of the policy. The policyholder pays a small premium at regular intervals of time. In return, we, at SBI General bear the responsibility of paying the medical expenses incurred during the policy period.
Broadly, there are two different types of health insurance plans in India --Indemnity Plans and Definite Benefit Plans. Let's take a detailed look at both of them:
This type of medical insurance plan indemnifies the insured for any hospitalisation and related expenses to the policyholders within the pre-decided sum insured limit. Any additional expense over and above the sum insured must be paid by the policyholder from his/her own pocket. Indemnity health insurance plans can be further divided into following categories:
Just one individual under the pre-decided sum insured amount is covered under this health insurance policy. It would cover the hospitalisation expenses for an injury or illness.
It is meant to be an umbrella cover for the entire family. In terms of benefits, the health insurance policy is similar to the individual policy, just that the benefits extend to all immediate family members like spouse, dependent children, and parents. So, by paying a single annual premium, you get coverage for the full family to the extent of the total sum insured.
This type of mediclaim policy is bought by companies for their employees and their families. The advantage is that due to bulk buying, employees get good insurance coverage at a very affordable premium. And employers get to retain their employees by extending such benefits.
Medical costs are rising at a rapid rate. This makes buying health insurance extremely necessary in today's times. Let us take a look at some of the key benefits one can avail on buying health insurance plans:
Inclusions refer to the kind of expenses that are covered in your health insurance policy and for which you would be reimbursed by your insurer. Health insurance plans offered by SBI General provide coverage for the following expenses:
Choosing the right health insurance product can be tricky when there are multiple types of plans and policies being sold in the market by different insurers. Before you start researching, it is important that you evaluate your specific requirements, medical history, desired coverage, and payment capacity. Here.s a quick guide on what to keep in mind before zeroing in on a particular health insurance plan:
SBI General is one of the most renowned insurers in the country with a wide network of over 6,000 hospitals and 24,000 SBI branches spread across 114 locations in India.
The company offers a wide array of health insurance products keeping in mind the specific requirements of the Indian customer. These plans offer comprehensive medical coverage that includes in-patient hospitalization expenses, hospitalization costs, daycare treatments, and many other healthcare-related expenses.
For quick and timely customer support, SBI General also provides a 24x7 helpline for health insurance customers to resolve any issues, answer claim-related queries or other doubts related to insurance.
In what makes things even better, SBI General offers the facility of buying online health insurance plans directly from its website, making the process extremely quick and convenient for customers.
You can also renew your current policy from any other insurer with SBI General to avail better services at affordable prices.