SBI General Health Insurance vs Royal Sundaram Health Insurance

Do not let the scarcity of time or a hectic schedule stop you from buying health insurance. Spare 5 minutes of your time and speed up the process by referring to this comparison guide of SBI General Health Insurance and Royal Sundaram Health Insurance. 

SBI General Health Insurance vs Royal Sundaram Health Insurance – Overview 

Parameter SBI General Health InsuranceRoyal Sundaram Health Insurance
No. of health insurance policies117
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer supportPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer care
Branches22,000+150+
Claim settlement ratio 59.42%77.32%
Network Hospitals 6,000+5,000+

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

Health Insurance Policies: SBI General Health Insurance vs Royal Sundaram Health Insurance

Operating from 2009, SBI General Health Insurance has handled claims worth over 1.1 crores and served over 6.8 crore customers to date. The company has a widespread nationwide presence and offers 11 health insurance policies. 

Royal Sundaram Health Insurance has over two decades of experience in the insurance sector and is one of the pioneers of private insurance. The company has served over 4.5 million customers to date and offers 7 comprehensive health insurance policies. 

Family Floater Policy: 

All health insurance policies from SBI General Health Insurance and Royal Sundaram Health Insurance are available on a family floater basis. However, there are some standout family-specific policies. 

For SBI General Health Insurance, these include the: 

  • Arogya Plus Policy
  • Arogya Premier Policy
  • Group Health Policy
  • Retail Health Insurance Policy

They provide: 

  • Sum insured (SI) amounts up to Rs. 30,00,000 
  • Insurance coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses  
  • Domiciliary/home hospitalization 
  • 141 daycare procedures
  • Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) treatments 
  • Organ donor transplant expenses
  • Maternity needs 
  • Congenital diseases 
  • 12 advanced technology treatments 
  • Pre-existing diseases (after 48 months) 
  • Up to Rs. 1,00,000 towards treatment costs for mental illnesses, HIV/AIDS and genetic disorders
  • Road and air ambulance expense up to Rs. 1,00,000
  • No-claim bonuses of 10% every claim free year 

For Royal Sundaram Health Insurance, these include the:

  • Lifeline Plan (with Classic, Supreme and Elite sub-plans) 
  • Family Plus Plan 

They provide: 

  • SI amounts up to Rs. 1,50,00,000
  • Coverage for:
  • Pre and post-hospitalization
  • In-patient hospitalization
  • Domiciliary/home hospitalization
  • Daycare procedures
  • AYUSH treatments
  • Maternity and newborn baby needs 
  • Organ donor transplant expenses
  • Bariatric and weight-loss surgery 
  • Rs. 7,500 towards vaccination expenses needed due to an animal bite  
  • Ambulance costs up to Rs. 4,000 per hospitalization 
  • Life support equipment such as wheelchairs, crutches, etc. 
  • 100% restoration of the SI upon exhaustion of the base SI 

Critical Illness Policy: 

SBI General Health Insurance’s Critical Illness Policy provides:

  • Coverage for 13 critical illnesses and surgical procedures such as: 
  • Cancer
  • Coma 
  • Stroke 
  • Total blindness
  • Heart valve surgery 
  • Corona artery grafting 
  • Bone marrow transplant 
  • 100% payout of the SI upon the first diagnosis of a critical illness 

Royal Sundaram Health Insurance provides coverage for critical ailments in two policies: 

The ‘Critical Illness Lump-sum’ Policy that gives:

  • Coverage for over 10 critical illnesses and surgical procedures including: 
  • Cancer
  • Stroke 
  • Third-degree burns 
  • First heart attack 
  • Multiple sclerosis 
  • Open heart replacement 
  • Bone marrow transplant 
  • 100% lump-sum payout of the SI on the first diagnosis of a critical illness 

The Critical Illness Reimbursement Policy provides: 

  • Coverage for 9 critical illnesses costs towards:
  • Pre, post and in-patient hospitalization
  • Daily hospital cash allowances 
  • Ambulance costs up to Rs. 1,000 per hospitalization
  • Full reimbursement of treatment costs for a critical illness 

Corona Kavach Policy: 

As per the IRDAIs directive in 2020 to battle COVID-19, all insurers, including SBI General Health Insurance and Royal Sundaram Health Insurance offer the Corona Kavach Policy. The policy shares standard features and benefits across insurers throughout India and includes: 

  • SI amounts up to Rs. 5,00,000
  • Coverage for:
  • Pre and post-hospitalization 
  • In-patient hospitalization  
  • Domiciliary/home hospitalization
  • AYUSH treatments
  • Comorbidities 
  • Road ambulance costs up to Rs. 2,000 per hospitalization 

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