Reliance Health Insurance vs SBI General Health Insurance

Do not let health conditions affect yourself and your loved ones emotionally, physically, or financially. Get health insurance to tide over such uncertain times with sufficient financial fallbacks. 

With health insurance, you can leave out worries about settling hospital and medical costs and focus on rest and recovery. The following health insurance plans from Reliance Health Insurance and SBI General Health Insurance can give you the all-round financial protection you need. 

Reliance Health Insurance vs SBI General Health Insurance – Overview 

Parameter Reliance Health InsuranceSBI General Health Insurance
No. of health insurance policies10+11
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer servicePolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Branches130+22,000+
Claim settlement ratio (CSR)94%59.42%
Network Hospitals 7,000+6,000+

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

Health Insurance policies: Reliance Health Insurance vs SBI General Health Insurance

Established in 2017, Reliance Health Insurance is part of the reputed Reliance Group. It has maintained a consistent performance ever since then. Last year, it had a Claim Settlement Ratio (CSR) of 94%. The company has received several notable awards, including the ET Edge Best Brand award and the BFSI awards for the Best General Insurance Company in 2019. 

Operating since 2009, SBI General Health Insurance is part of the State Bank of India Group. It has served over 6,80,00,000 customers and handled claims worth above Rs. 1,10,00,000. It has also received the ET Best Brands award in 2018 and ISO Certification for its strong security practices. 

Critical Illness Policy: 

Reliance Health Insurance’s Critical Illness Policy offers:

  • Sum insured (SI) amounts up to Rs. 10,00,000
  • Premium rates as low as Rs. 888 per year 
  • Coverage for 10 critical diseases such as: 
  • Cancer
  • Multiple sclerosis 
  • Third-degree burns 
  • End-stage renal disease 
  • Major organ transplant 
  • Full payout of the SI on the diagnosis of a critical disease listed in the plan
  • A waiver of the pre-policy medical check-up for individuals up to 45 years of age

SBI General Health Insurance’s Critical Illness Policy provides: 

  • SI amounts up to Rs. 50,00,000
  • Coverage for 13 critical diseases, such as: 
  • Cancer
  • Stroke 
  • Permanent paralysis 
  • Total blindness 
  • Coronary artery grafting 
  • Full payout of the SI on the diagnosis of a covered critical illness 
  • A waiver of pre-policy medical check-up up to the age of 45 years 

Personal Accident Policy: 

Reliance Health Insurance’s Individual Personal Accident Policy offers: 

  • SI amounts between Rs. 5,00,000 to Rs. 20,00,000
  • 100% of the SI on accidental death and permanent total disability 
  • Up to 75% of the SI on permanent partial disability 
  • A child education benefit to help meet the educational costs of the insured’s dependent children 
  • Full reimbursement of in-patient hospitalization expenses 
  • Up to Rs. 2,500 for transportation expenses 
  • Worldwide coverage 

SBI General Health Insurance’s Personal Accident Policy offers:

  • SI amounts between Rs. 1,00,000 and Rs. 1,00,00,000
  • 100% of the SI on accidental death and permanent total disability
  • Up to 100% of the SI on permanent partial disability
  • Rs. 10,000 per week for up to 104 weeks for temporary total disability
  • Rs. 50,000 towards a child education benefit 
  • Rs. 25,000 towards a modification benefit 
  • Daily hospital cash benefits up to Rs. 3,000
  • Road/ air ambulance costs up to Rs. 1,00,000

COVID-19 Policy: 

After the onset of COVID-19, the IRDAI directed all insurance companies to provide coverage against the disease in their health insurance policies. In adherence to this directive, all insurers, including Reliance Health Insurance and SBI General Health Insurance, offer two standard COVID-19 policies – the Corona Kavach and the Corona Raksha. These policies offer similar benefits across insurers. 

The Corona Kavach Policy offers: 

  • SI amounts up to Rs. 5,00,000
  • Coverage for: 
  • Pre-, post-, and in-patient hospitalization 
  • Domiciliary treatment
  • Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) treatments 
  • Comorbidities 
  • Ambulance costs up to Rs. 2,000 per hospitalization 
  • Daily hospital cash benefits 

The Corona Rakshak Policy offers: 

  • SI amounts up to Rs. 2,50,000
  • Lump-sum payout of the full SI on the diagnosis of COVID-19 and minimum continuous hospitalization of 72 hours

Make plans in the present with health insurance, and rest assured about your future financial security in medical emergencies you cannot foresee today. 

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