Aditya Birla Health Insurance vs SBI General Health Insurance

As important it is to pick the right health insurance policy, it is equally important to buy one from trusted and reputed health insurers. Both Aditya Birla Health Insurance and SBI General Health Insurance have a good standing in the insurance sector and can be relied on to provide comprehensive financial protection. 

Aditya Birla Health Insurance vs SBI General Health Insurance – Overview 

Parameter Aditya Birla Health Insurance  SBI General Health Insurance
Number of health insurance plans 10+ 11
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer support Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support 
Branches 650 125
Claim settlement ratio (CSR) 93.68% 59.42%
Claim settlement time Cashless claim settlement within 2 hours Reimbursement within 30 days of receipt of documents by the policyholder
Hospital network 7,000+ 6,000+

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) – years 2018-19 

Health Insurance Policies: Aditya Birla Health Insurance vs SBI General Health Insurance

Aditya Birla Health Insurance is part of the prestigious Aditya Birla Group. It has a customer base of over 20 million and nationwide tie-ups with over 7000 hospitals. In the last 5 years from its inception, the company has settled over 6,30,000 claims. 

SBI General Health Insurance is a joint venture between one of the world’s largest banks – the State Bank of India (SBI) Group and the reputed Insurance Australia Group (IAG). The company aims to provide health insurance products, among a range of other general insurance products at affordable prices across India. 

Critical Illness Policy: 

Aditya Birla Health Insurance’s Critical Illness Insurance Policy called ‘Activ Secure’ offers:

  • Sum insured (SI) amounts up to Rs.1,00,00,000
  • 3 sub-plans: 
  • Plan 1 that provides coverage for 20 critical illnesses 
  • Plan 2 that provides coverage for 50 critical illnesses 
  • Plan 3 that provides coverage for 64 critical illnesses 
  • Coverage for ailments like cancer, kidney failure, stroke, multiple sclerosis, etc. 
  • Payout of the entire SI upon the diagnosis of illnesses  covered
  • 150% of the SI on the diagnosis of more than one critical illness 
  • A wellness coach for lifestyle management
  • The option to avail a second medical e-opinion

SBI General Health Insurance’s Critical Illness Policy offers: 

  • SI amounts up to Rs.50,00,000
  • Coverage for 13 critical ailments including cancer, paralysis, end-stage kidney failure, etc. 
  • 100% SI on the diagnosis of illnesses listed in the plan 
  • A waiver of pre-policy medical check-up up to 45 years of age

Personal Accident Policy: 

Aditya Birla Health Insurance’s Personal Accident Policy offers: 

  • 100% SI on accidental death and permanent total disability 
  • Payout of up to 100% of the SI on permanent partial disability
  • A weekly payout of up to Rs.50,000 for 100 weeks on temporary total disability
  • 10% of the SI as child education benefits and orphan benefits for one/ more dependent children
  • Optional cover for broken bones, coma, burns and injuries caused due to adventure sports 
  • Coverage for funeral expenses, transportation of mortal remains expenses, and road ambulance expenses 
  • The option to add extra benefits such as EMI protect and loan protect 
  • A wellness coach for guidance on nutrition and lifestyle management 

SBI 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
  • Payout of up to 100% of the SI on permanent partial disability
  • Weekly payouts of Rs.10,000 for up to 104 weeks on temporary total disability
  • Rs.50,000 towards an education fund for 2 individuals 
  • Rs.25,000 for modification of house/vehicle
  • The option to avail daily hospital cash allowance 
  • Emergency road and air ambulance services 

Hospital Daily Cash Policy: 

Aditya Birla Health Insurance’s Daily Hospital Cash Policy offers:

  • Daily hospital cash benefits of Rs.500 – Rs.10,000 for 30-60 days per policy year 
  • Double the benefit amount on ICU hospitalization/hospitalization due to an accident 
  • Additional cash benefits for over 7 days’ extension of hospitalization 
  • A wellness coach for guidance on nutrition, fitness and lifestyle management 

SBI General Health Insurance’s Daily Hospital Cash Policy offers: 

  • Daily hospital cash benefits of Rs.2000 – Rs.4,000 for 30-60 days per policy year 
  • Coverage only for hospitalization in case of an accident/injury
  • A convalescence benefit of up to Rs.5,000
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