SBI General Insurance
Reliable health insurance provider with simple and hassle-free claim settlement process.
Features
Key Features
IRDAI Annual Report 2024-25
Key Statistics
Health + PA + Travel Premium
₹4,731 Cr
FY 2024-25
Claims Ratio
82.19%
FY 2024-25
Solvency Ratio
2.03
March 2025
Policy Documents
Customer Service
Balanced View
Pros & Cons
Advantages
- ✓SBI brand trust - one of India's most recognised financial institutions
- ✓Simple, straightforward policy structure - easy for HR to administer
- ✓Competitive premiums backed by SBI's bancassurance distribution
- ✓Digital policy management via SBI General portal
- ✓Good for companies already banking with SBI
Limitations
- !Limited corporate plan customisation - fewer bells and whistles vs. HDFC ERGO or ICICI Lombard
- !Average claim processing speed - not the fastest
- !Smaller hospital network (8,000+) vs. top-tier private insurers
- !Less experience with large complex corporate accounts
Right Fit
Who Should Choose SBI General Insurance?
Companies Banking with SBI
Companies with existing SBI relationships for salary accounts, loans, or corporate banking can leverage those relationships to negotiate better pricing and service for their group health insurance policy.
Cost-Conscious Mid-Size Companies
SBI General offers competitive pricing for 50–500 employee groups without requiring the complexity of custom plan design - a good fit for companies that want a clean, manageable policy.
Firms Valuing Public Sector Insurer Trust
For companies whose employees prefer the credibility of a government-linked insurer but want a more digitally capable option than New India or Oriental, SBI General bridges that gap.
At a Glance
Policy Highlights
| Feature | Detail |
|---|---|
| Sum Insured | ₹1L – ₹10L per employee |
| Room Rent | 1% of SI |
| Pre-existing Conditions | Covered from day 1 (group policy) |
| Maternity Benefit | Optional add-on |
| Cashless Network | 8,000+ hospitals pan-India |
| Claims Ratio (FY 24-25) | 82.19% |
| Solvency Ratio | 2.03 |
Get SBI General Insurance for Your Team
Simple, reliable group health insurance backed by the trust of SBI.