SBI General Health Insurance vs Bharti AXA Health Insurance

The maximum average cost for one day of hospitalization in India for a simple coronary angiogram is around Rs. 63,500. If a diagnostic test amounts to this much, can you imagine the cost of complicated surgeries and other such procedures? Paying these expenses out of your pocket can only drain your income and savings, leaving little to nothing for the future. 

Why put yourself through this hassle when you can get health insurance to cover all such medical expenses? At affordable premium rates, health insurance can offer you high coverage. See for yourself with these policies from SBI General Health Insurance and Bharti AXA Health Insurance. 

SBI General Health Insurance vs Bharti AXA Health Insurance – Overview 

Parameter SBI General Health InsuranceBharti AXA 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 support
Branches22,000+160+
Claim settlement ratio (CSR)59.42%98.27%
Claim settlement time (Reimbursement) 30 days5 days 
Network Hospitals 6,000+4,500+

*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 Bharti AXA Health Insurance

SBI General Health Insurance is part of the reputed State Bank of India Group. It offers a range of innovative insurance policies and has tie-ups with over 6,000 hospitals to provide its 6,80,00,000 plus customers with the highest quality of services. 

Bharti AXA Health Insurance is a well-known insurance company and part of the AXA Group. It has a large customer base spanning across the globe. It has one of the highest claim settlement ratios (i.e. 98.27%) in the industry which speaks about its consistent performance and quality of services. 

Family Floater Policy: 

SBI General Health Insurance offers 4 family floater policies: 

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

They provide: 

  • Sum insured (SI)  up to Rs. 30,00,000 
  • Coverage for: 
  • Pre-, post- and in-patient hospitalization
  • Domiciliary hospitalization 
  • 141 daycare procedures
  • Alternate/non-allopathic treatments 
  • Organ donor expenses
  • Maternity needs after a 9-month waiting period 
  • OPD expenses 
  • HIV/AIDS treatment 
  • Mental illnesses
  • Genetic disorders 
  • Internal congenital diseases 
  • 12 advanced technology treatments 
  • Road and air ambulance costs 
  • Health check-up charges 
  • Inclusion of pre-existing diseases after a 48-month waiting period 

Bharti AXA offers 3 family floaters policies: 

  • Smart Super Health 
  • Smart Health Assure
  • Health Advantage 

They provide: 

  • SI amounts up to Rs. 1,00,00,000
  • Coverage for: 
  • Pre-, post- and in-patient hospitalization
  • Domiciliary hospitalization 
  • Daycare procedures
  • Alternate/non-allopathic treatments 
  • Organ donor expenses
  • Maternity and newborn baby needs 
  • OPD expenses 
  • Bariatric surgery 
  • Vaccination expenses needed due to an animal bite
  • Dental treatment needed due to an accident 
  • Road and air ambulance costs 
  • A lump sum benefit towards critical illnesses 
  • Personal accident protection
  • Health rewards and health management program
  • Pharmacy and diagnostic services 

Top-up Policy: 

SBI General Health Insurance offers the Arogya Top-up Policy. It provides:

  • SI amounts up to Rs. 50,00,000
  • Deductible options up to Rs. 10,00,000
  • Coverage for: 
  • Pre-, post- and in-patient hospitalization
  • Domiciliary hospitalization 
  • 141 daycare procedures
  • Physiotherapy care 
  • HIV/AIDS treatment
  • Mental illnesses
  • Genetic disorders
  • Congenital diseases 
  • Alternate treatments 
  • Maternity expenses after 9 months 
  • Organ donor expenses
  • Ambulance costs up to Rs. 5,000 per hospitalization 

Bharti AXA offers the Smart Super Top-up Insurance Policy. It provides: 

  • SI amounts up to Rs. 60,00,000
  • Coverage for: 
  • Pre- and post-hospitalization
  • In-patient hospitalization
  • Domiciliary treatment 
  • Daycare procedures
  • Alternate treatments 
  • Physiotherapy care
  • Organ donor expenses
  • Pre-existing diseases 
  • Dental treatment needed due to an accident 
  • Road and air ambulance costs 
  • Daily hospital cash benefits 

Corona Kavach Policy: 

After the onset of COVID-19, all insurance companies now provide coverage against the disease. The benefits are standard across all insurers, including SBI General Health Insurance and Bharti AXA Health Insurance, and include:

  • SI amounts up to Rs. 5,00,000
  • Coverage for: 
  • Pre-, post- and in-patient hospitalization 
  • Domiciliary hospitalization 
  • Alternate treatments 
  • Comorbidities 
  • Ambulance costs up to Rs. 2,000 
  • Daily hospital cash benefits

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