|•||Simultaneous safety and protection against 9 Critical Illnesses|
|•||Simplified joining process|
|•||Guaranteed renewability till 65 years of age|
|•||Tax benefit under section 80D of IT Act#, 1961|
|# Applicable when premiums are paid by the insured members. Subject to change in the tax laws. Please consult your tax advisor for details.|
Critical Illnesses covered:
|•||Heart Attack (Myocardial Infarction)|
|•||Coronary Artery Bypass Surgery|
|•||Kidney Failure (End Stage Renal Disease)|
|•||Major Organ Transplant|
|•||Heart Valve Surgery|
|Please refer to the schedule of critical illnesses for further details|
This plan is offered to different groups like employee-employer relationship, credit life groups, customers of bank / financial institutions, depositors groups etc. SBI Life will issue a Group Master Policy to the Group Master Policyholder based on details contained in the proposal form. Group Members may be enrolled either on a voluntary or compulsory participation basis as decided by master policyholder.
Minimum 50 members
Entry from minimum age of 18 yrs till the maximum age of 55 yrs.
|•||Sum assured can be selected in the following ways:|
|•||Uniform for all members|
|•||As a multiples of salary|
|•||As grade wise cover|
Minimum sum assured is Rs. 25,000/- and maximum sum assured is Rs. 500,000/-.
|•||Survival for a period of 30 days after the date of diagnosis|
|•||Submission of necessary documents|
|Waiting Period:The insured member can avail the benefits after 90 days of the date of commencement or date of revival|
|Other Policy Details:|
|•||Nomination is compulsory|
|•||Level Premiums payable annually in advance for the cover term.|
|•||Cover Term: Minimum of 2 yrs and maximum of 5 yrs|
|•||Cover can be renewed till 65 yrs of age subject to max cover term of 5 yrs and premium rates / age are reviewed at the time of renewal.|
|•||Grace period of 30 days on annual renewal date|
|•||Revival facility is available within 6 months from the first unpaid premium due date|
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