SBI General Health Insurance vs Oriental Health Insurance

It is the era of instant solutions. Now, a single tap on the phone can help you pay bills, buy groceries, communicate, and get you places. Did you know you can even buy health insurance on your phone? Gone are the days when you had to stand in queues, face administrative delays or pay extra commission to an agent to buy health insurance. Now, you get can instantly buy health insurance policies online, get help comparing different insurance policies and guidance on what features to look out for. To start, why not check out this comparison guide of SBI General Health Insurance and Oriental Health Insurance

SBI General Health Insurance vs Oriental Health Insurance – Overview 

Parameter SBI General Health InsuranceOriental Health Insurance
No. of health insurance policies1110+
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer supportPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer support
Branches22,000+1000+
Claim settlement ratio 59.42%94.28%
Network Hospitals 6,000+4,300+

*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 Oriental Health Insurance

SBI General Health Insurance is a brainchild of the prestigious State Bank of India Group. The group’s long-standing presence in the financial sector has made it one of the top insurance companies in the industry, serving more than 6.8 crore customers to date. 

From modest beginnings in 1950 to becoming one of the leading insurance companies in the industry, Oriental Health Insurance has come a long way. The company has a CSR of 94.28%, demonstrating its high claim paying abilities and quality of services. 

Critical Illness Policy: 

SBI General Health Insurance’s Critical Illness Policy offers: 

  • Sum insured (SI) amounts up to Rs. 50,00,000
  • Coverage for 13 life-threatening diseases and surgical procedures such as: 
  • Cancer
  • Hypertension
  • Permanent paralysis 
  • Coronary artery surgery 
  • Heart valve surgery 
  • Multiple sclerosis 
  • Total blindness 
  • 100% payment of the SI upon the diagnosis of a critical illness 

Oriental Health Insurance covers critical illnesses in its ‘Happy Family Floater Policy’. The policy offers: 

  • SI amounts up to Rs. 20,00,000
  • Coverage for 11 life-threatening diseases and surgical procedures such as: 
  • Cancer 
  • Stroke 
  • Multiple sclerosis 
  • Permanent paralysis 
  • Kidney failure requiring regular dialysis 
  • Open heart replacement 
  • Bone marrow transplant 
  • 100% payment of the SI on the diagnosis of a critical disease

Family Floater Policy: 

SBI General Health Insurance offers 4 family floater policies: 

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

These policies provide: 

  • SI amounts up to Rs. 30,00,000 
  • Coverage for
  • Pre and post-hospitalization
  • In-patient hospitalization 
  • Domiciliary/home hospitalization 
  • 141 daycare procedures 
  • Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) treatments 
  • Organ donor expenses  
  • Maternity needs 
  • HIV/AIDS treatment 
  • Mental illnesses
  • Road and air ambulance costs 
  • Expenses towards 12 advanced treatments 
  • Auto reinstatement of the SI upon exhaustion of the base SI 

Oriental Health Insurance offers the Family Floater Policy. It provides:

  • 3 sub-plan options: 
  • Silver Plan
  • Gold Plan 
  • Diamond Plan 
  • SI amounts up to Rs. 20,00,000
  • Coverage for
  • Pre and post-hospitalization
  • In-patient hospitalization 
  • Domiciliary/home hospitalization 
  • Daycare procedures 
  • AYUSH treatments 
  • Organ donor expenses 
  • HIV/AIDS treatment 
  • Maternity needs 
  • Newborn baby needs 
  • Mental illnesses 
  • Reimbursement of AYUSH treatment expenses 
  • Expenses towards advanced technology treatments 
  • Restoration of the SI 

Arogya Sanjeevani Policy: 

All insurance companies across India, including SBI General Health Insurance and Oriental Health Insurance, offer the Arogya Sanjeevani Policy. This policy offers standard and affordable health insurance and is available to all sectors of society irrespective of income, gender, and location. It shares similar features across insurers and offers: 

  • SI amounts up to Rs. 5,00,000 
  • Coverage for
  • Pre and post-hospitalization
  • In-patient hospitalization 
  • Domiciliary/home hospitalization 
  • Daycare procedures 
  • AYUSH treatments  
  • Organ donor expenses 
  • Expenses towards ambulance services up to Rs. 2,000 per hospitalization
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