Insurance
SBI General health insurance policy offers location based premium

SBI General retail mediclaim offers differential premium based on your location, which is a growing trend. While the premiums are reasonable, the maximum cover offered is only Rs5 lakh. SBI bank and other bancassurance partners will be the lead channel for the sales

SBI General health insurance policy offers flexible options – Metro plan (Plan A - Mumbai and Delhi), Semi Metro plan (Plan B - Chennai, Kolkata, Bangalore, Ahmedabad, Hyderabad) and Rest of India (Plan C) with differential premiums. The offered sum insured is from Rs50,000 up to Rs5 lakhs; the maximum limit is low considering that new products in market offer up to Rs50 to Rs60 lakh cover. SBI bank and other bancassurance partners comprise of 63% of sales; it will continue to be the lead channel even though the company plans to expand agency channel which contributes to 19% of the current sales.

 

If you live in Plan B or Plan C location, you can still avail of treatment in any location, but the benefit will be restricted as follows –

 

Benefit Plan

Treatment Location A - Mumbai & Delhi

Treatment Location B - Chennai, Kolkata, Bangalore, Ahmedabad & Hyderabad

Treatment Location C - Rest of India

Plan A (Mumbai & Delhi)

100%

100%

100%

Plan B (Chennai, Kolkata, Bangalore, Ahmedabad, Hyderabad)

80%

100%

100%

Plan C (Rest of India)

70%

80%

100%

 

The premiums for some of the age groups and sum insured combination are as follows –

 

Plan option

Age band (yrs)

Rs1 lakh SI

Rs3 lakh SI

Rs5 lakh SI

Plan A

19-35

1851

3616

6392

Plan B

19-35

1598

3122

5520

Plan C

19-35

1513

2958

5229

Plan A

41-45

2731

5401

10582

Plan B

41-45

2360

4665

9138

Plan C

41-45

2235

4419

8657

Plan A

56-60

5997

11451

18943

Plan B

56-60

5180

9889

16360

Plan C

56-60

4907

9369

15499

Premium in Rs

 

SBI General has signed with three TPA (third party administrators) for claims processing. There is no immediate plan to move to in-house claims department. There will be co-pay of 10% on all eligible admissible claims in non-network hospitals. The product covers select day surgery where less than 24 hours hospitalisation for specified procedures like dialysis, chemotherapy, radio therapy, eye surgery, dental surgery (due to accident), tonsillectomy, etc. There will be no medical test up to the age of 45 for people with no medical history. The product offers lifelong renewal and no claims based loading.

 

SBI General has been a slow starter till now with only 1% of general insurance market share, but according to its MD and CEO Bhaskar Sarma “While market share and top-line are important, we are not functioning for their sake only.” This policy is its first retail product in the health segment since its launch over two years ago. Even the group health insurance portfolio is small as the focus has been proper premium pricing. The joint venture partner Insurance Australia Group (IAG) also wants to ensure low loss ratio. According to Mr Sarma, “We are looking at controlling our loss ratios and adopting a risk-based pricing mechanism to be sustainable.”

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COMMENTS

Anjali Kamble

6 months ago

i want to know premium amount for 45 to 50 age group (mediclaim coverage : 500000)

ABHA CHAWLA MOHANTY

4 years ago

DIFFERENTIAL PRICE TAG IS INSURERS PREROGATIVE ....,WHY TRIMMING OF BENEFITS TO CLASS ?"C" CITIES,,,,,,ELITE ,CONCEPTION??????????????????????

CBI is a caged parrot speaking in master's voice, says Supreme Court

The apex court while examining the affidavit submitted by CBI in the coalgate scam, took a very strong stand and called the investigating agency a 'caged parrot speaking in its master's voice

Taking a strong stand against the Central Bureau of Investigation (CBI) for allowing interference in the coalgate scam report, the Supreme Court on Wednesday called the investigating agency as 'a caged parrot speaking in its master's voice'.

 

"The CBI has become a caged parrot speaking in its master's voice. It is a sordid saga that there are many masters and giving unbridled power to the CBI is not possible. The CBI has become the police force and is in the administrative control of the Central government. CBI investigations have to be independent," the three-judge bench headed by Justice RM Lodha said.

 

The apex court also slammed Attorney General GE Vahanvati, former Additional Solicitor General Harin Raval and officials from the Prime Minister's Officer (PMO) and Coal Ministry. "How on earth could the joint secretaries of the PMO and the Coal Ministry attend the meeting, see the report and suggest changes to it," the Court asked.

 

Earlier, in a nine-page affidavit submitted before the apex court, CBI director Ranjit Sinha admitted making changes in the 'coalgate' draft report on suggestions from Ashwani Kumar and the AG, but stated that it has neither altered the report nor shifted the focus of inquiries in any manner. "...heart of the CBI report was changed on the suggestions of government officials," the Court said.

 

In its nine-page affidavit, the CBI chief had given details of the meetings between the officials of the agency, the law minister, AG, then additional solicitor general Harin Raval and officials of PMO and Coal Ministry.

 

The affidavit had said the changes made in the draft report on the suggestion of the law minister and Vanahvati have 'neither altered the report nor shifted the focus of inquiries in any manner'. "The central theme of the status report had not changed post meetings. There were no deletions of any evidence against any suspect or accused nor were any let off," the affidavit said.

User

COMMENTS

MOHAN

4 years ago

Master's voice or Mistress' voice?

PRABHAT

4 years ago

S/COURT HAS RIGHTLY COMMENTED . BUT GOVT HAS NO SHAME . THEY CELEBERATING KARNATAKA VICTORY . HAD THIS SITUATION BE WITH ANY GOVT OFFICIAL , HE WOULD HAVE BEEN SUSPENDED / DISMISSED BY NOW ?
ALSO HONESTY OF P M IS DOUBTFUL ?

Vaibhav Dhoka

4 years ago

we are in very sordid state.God save our nation.

RTI Judgement Series: IGNOU vice-chancellor asked to probe NHD certificates issue

IGNOU failed to provide NHD certificates to some students who have cleared the course offered by Edexcel International. The CIC directed the vice-chancellor of the University to probe the matter. This is the 87th in a series of important judgements given by former Central Information Commissioner Shailesh Gandhi that can be used or quoted in an RTI application

The Central Information Commission (CIC), while disposing an appeal, directed the vice-chancellor of Indira Gandhi National Open University (IGNOU) to probe the matter where students were not being issued certificates despite successfully clearing the course.

 

While giving this judgement on 2 April 2009, Shailesh Gandhi, the then Central Information Commissioner said, “IGNOU is not able to give the certificate to the appellant's son since it says it is writing letters to Edexcel (International, UK) and has no explanation for this lapse. It is absurd that a young man is cheated and frustrated in this manner by IGNOU.”

 

Patna resident Aslam Ansari, on 22 September 2008, sought information about certificate of his son for higher national diploma (HND) and Bachelor of Information Technology (BIT) for 2005-06, from the Public Information Officer (PIO) of IGNOU under the Right to Information (RTI) Act. In his application, Ansari stated that while his son's friend had been taken certificate from the institute, his son did not get certificate despite passing the course.

 

In his reply, the PIO stated, "...the HND Certificate to the student is to be awarded by the Edexcel International, UK. (The) University is in regular touch with the authorities of Edexcel to issue certificates and efforts are being made to organize a meeting between the authorities of both the bodies' to sort out all the issues regarding issue of HND certificate to the students. A meeting is expected soon."

 

Not satisfied with the PIO's reply, Ansari filed his first appeal. The First Appellate Authority (FAA) did not reply. Ansari, then approached the Commission with his second appeal.

 

During the hearing, Mr Gandhi, the then CIC, noted that Obaidurrahman Ansari, son of Aslam Ansari (appellant) had done a course on computing and multimedia of BIT and HND with IGNOU. He cleared his course in December 2005 and was eligible to get a certificate for HND programme from UK-based Edexcel International.

 

To read Moneylife’s extensive coverage on the RTI, please click here.

 

According to the PIO, Obaidurrahman Ansari has completed the course successfully but was not given the certificate. "People who have done the course after him have also been given the certificate, but IGNOU is not able to give the certificate to the appellant's son since it says it is writing letters to Edexcel and has no explanation for this lapse," the CIC noted.

 

The PIO also informed the Commission that Edexcel courses continued in India and there other students who are also going through this traumatic experience.

 

"It is absurd that a young man is cheated and frustrated in this manner by IGNOU," Mr Gandhi said. While disposing the appeal, the CIC then directed vice-chancellor of IGNOU to enquire into the matter and send a report to the Commission before 30 April 2009.

 

CENTRAL INFORMATION COMMISSION

 

Decision No. CIC /SG/A/2009/000072/2603

http://rti.india.gov.in/cic_decisions/SG-02042009-17.pdf

Appeal No. CIC/SG/A/2009/000072

 

                                                         

Appellant                                            : Aslam Ansari f/o Obaidurrahman Ansari,

                                                            Patna-14.

 

Respondent                                       : PIO,

                                                            Indira Gandhi National Open University,

                                                            Maidan Garhi, New Delhi-110068.

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