Bajaj Allianz Health Insurance vs SBI General Health Insurance

Often, in movies, one sees the presence of guardian angels over people in anguish. These angels seem to completely take over the burden of an individual and his/ her family and bring them comfort and happiness. But real-life seldom works that way. One has to work hard to support their loved ones and earn their keep. However, it is okay to rely on others or take help sometimes. Apart from family members and friends, you can let health insurance be your financial guardian angel. 

See what health insurance has in store with this Bajaj Allianz Health Insurance and SBI General Health Insurance comparison guide. 

Bajaj Allianz Health Insurance vs SBI General Health Insurance – Overview 

Parameter Bajaj Allianz Health Insurance SBI General Health Insurance
No. of health insurance policies 15+ 11
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Branches 200+ 22,000+
Claim settlement ratio 95.01% 59.42%
Cashless claim settlement time  Within 1 hour Unspecified
Hospital network 6,500+ 6,000+

*Source: The Insurance Regulatory and Development Authority of India’s (IRDAI) Annual Report – for the years 2019-20.

Health Insurance Policies: Bajaj Allianz Health Insurance vs SBI General Health Insurance

Bajaj Allianz Health Insurance and SBI General Health Insurance are insurance providers hailing from reputed parent groups. Bajaj Allianz Health Insurance is part of Bajaj Finserv Ltd. and SBI General Health Insurance is part of the State Bank of India Group. Well-known amongst the Indian customer base, they offer a range of health insurance policies to cater to the vast demographic of India. 

Top-up Policy: 

Bajaj Allianz’s Top-up Policy called the ‘Extra Care Plus Policy’ offers:  

  • Individual and family floater options
  • Sum insured (SI) amount options up to Rs. 50,00,000
  • Deductible amount options up to Rs. 10,00,000
  • Insurance coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses 
  • Daycare procedures 
  • Advanced treatments 
  • Organ donor transplantation 
  • Maternity and newborn baby needs 
  • Pre-existing diseases after 12 months 
  • Emergency road ambulance charges 
  • An optional air ambulance cover
  • A free health check-up 

 

SBI General Health’s Top-up Policy called the Arogya Top-up Policy offers:

  • Individual and family floater options 
  • SI amount options up to Rs. 50,00,000
  • Deductible amount options up to Rs. 10,00,000
  • Insurance coverage for: 
  • Pre and post-hospitalization expenses
  • In-patient hospital hospitalization expenses
  • Ayurveda, Unani, Siddha and Homeopathy (AYUSH) treatments 
  • Domiciliary hospitalization 
  • 141 daycare procedures
  • Organ donor expenses
  • HIV/ AIDS treatment
  • Mental health care 
  • Internal congenital diseases  
  • Genetic disorders 
  • Maternity expenses after 9 months 
  • Advanced treatments
  • Ambulance charges up to Rs. 5,000 per hospitalization 
  • 100% restoration of the SI

 

Critical Illness Policy: 

Bajaj Allianz’s Critical Illness Policy offers:  

  • SI amount options up to Rs. 50,00,000
  • 100% payout of the SI on the diagnosis of a listed critical illness
  • Coverage for 10 life-threatening diseases and surgical procedures, such as:
  • Cancer
  • Hypertension
  • Kidney failure 
  • Heart attack
  • Open chest CABG
  • Aorta surgery

 

SBI General Health’s Critical Illness Policy offers: 

  • SI amount options up to Rs. 50,00,000
  • 100% payout of the SI upon the diagnosis of a critical illness 
  • Coverage for 13 life-threatening diseases and surgical procedures such as: 
  • Cancer
  • Hypertension
  • Total blindness 
  • Multiple sclerosis 
  • Major organ transplant 
  • Open chest CABG

 

Corona Kavach Policy: 

To help the citizens of India get through the COVID-19 crisis, the IRDAI passed a directive in 2020 mandating all insurers to provide COVID-19 coverage. Now, all insurance providers, including Bajaj Allianz Health Insurance and SBI General Health Insurance offer health insurance protection through the Corona Kavach Policy. This policy offers similar benefits across insurers throughout India and offers: 

  • SI amount options up to Rs. 5,00,000
  • No deductible mechanism
  • Insurance coverage for:
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses 
  • Domiciliary hospitalization
  • AYUSH treatments
  • Comorbidities
  • Road ambulance charges up to Rs. 2,000 per hospitalization 
  • Daily hospital cash benefits

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