Care Health Insurance vs SBI General Health Insurance

Most health insurance companies offer discounts in premiums for buying a policy through their online portal. This is an attractive incentive to look for the right health coverage plan. A one-stop guide showcasing the benefits offered by the various plans can simplify your search. Check out these health insurance plans offered by Care Health Insurance and SBI General Health Insurance to get detailed information on the policy features.

Care Health Insurance vs SBI General Health Insurance – Overview 

Parameter Care Health InsuranceSBI General Health Insurance
Number of health insurance plans14+11
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Claim settlement ratio (CSR)92.3%59.42%
Claim settlement timeCashless claim settlement within 2 hoursReimbursement within 30 days of receipt of documents
Network Hospitals 7,800+6,000+

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

Health Insurance Policies: Care Health Insurance vs SBI General Health Insurance

Care Health Insurance’s main focus revolves around providing value-for-money policies. The company offers over 14 health insurance plans that cater to the healthcare needs of individuals, families, senior citizens and corporate groups.

SBI General Health Insurance is part of the reputed State Bank of India Group. The company has settled claims worth over Rs. 11,000 crores and served over 6,80,00,000 customers since its inception. It offers 11 health insurance policies for individuals and families.

Individual Personal Accident Policy: 

Care Health Insurance’s Individual Personal Accident Policy offers 3 plan options – Secure 1, Secure 2 and Secure 3. The features of these plans include: 

  • Sum insured (SI) options up to Rs. 50,00,000
  • Payment of the entire SI on accidental death 
  • 50%-100% SI on permanent total disability
  • Compensation on permanent partial disability 
  • Payouts up to Rs. 20,000 per week for temporary total disability
  • Up to Rs. 2,00,000 SI for fractures
  • Up to Rs. 20,00,00 SI for burns 
  • Expenses towards reconstructive surgery 
  • 10% SI towards a child education benefit
  • Reimbursement of up to Rs. 25,000 for diagnostic tests 
  • Optional covers such as: 
  • Accidental hospitalization expenses
  • Mobility cover
  • Repatriation of mortal remains

SBI General Health Insurance’s Personal Accident Policy offers:

  • SI amounts up to Rs.1,00,00,000
  • 100% SI on accidental death and permanent total disability
  • Up to 100% SI on permanent partial disability
  • Rs.10,000 per week for up to 104 weeks on temporary total disability
  • An education benefit of Rs.50,000 for 2 individuals 
  • A modification benefit of Rs.25,000 
  • Daily hospital cash allowances
  • Expenses for road and air ambulance services 

Critical Illness Policy: 

Care Health Insurance’s Critical Illness Policy provides: 

  • SI amounts up to Rs. 2,00,00,000
  • Coverage for 32 critical illnesses including: 
  • Cancer
  • Stroke 
  • Multiple sclerosis 
  • Alzheimer’s disease
  • Permanent paralysis
  • Cover for pre, post and in-patient hospital care 
  • Indemnification for daycare procedures and organ donor transplant
  • 25% SI towards Ayurveda, Yoga, Unani, Siddha and Homeopathy (AYUSH) treatment expenses 
  • Air and road ambulance expenses
  • Inclusion of: 
  • OPD treatment 
  • Chemotherapy 
  • Radiotherapy
  • Dialysis
  • International second opinion 
  • Reimbursement for 8 recovery counseling sessionsup to Rs. 1,000 per session 

SBI General Health Insurance’s Critical Illness Policy provides: 

  • SI amounts up to Rs.50,00,000
  • Coverage for 13 critical illnesses such as: 
  • Cancer
  • Permanent paralysis
  • Multiple sclerosis
  • Hypertension
  • 100% SI upon diagnosis of a critical illness 
  • A waiver of pre-policy medical check-up for individuals up to 45 years of age

Arogya Sanjeevani Policy: 

Every insurance company offers a standard health plan– the Arogya Sanjeevani Policy. It features the same benefits irrespective of the insurer. BothCare Health Insurance and SBI General Health Insurance companies’ Arogya Sanjeevani Policy provides: 

  • SI amounts up to Rs. 5,00,000
  • Pre, post and in-patient hospitalization cover 
  • Up to 100% SI towards AYUSH treatments
  • 25% SI for cataract treatments
  • 50% SI for daycare procedures and treatments using modern technology
  • Coverage for ambulance costs up to Rs. 2,000 per hospitalization