SBI Life Insurance Hospital Cash Plan



Good health is the most valuable asset that we have, but nowadays with increasing levels of stress, negligible physical activity and changing lifestyle our vulnerability to diseases is increasing at an alarming pace.

The cost of healthcare is rising everyday and more than the cost of your treatment, indirect costs like – hospital room rent, nursing expenses, post discharge expenses, recuperating expenses, ambulatory charges etc account for a major part of the overall cost incurred. Lack of sufficient savings or a suitable health policy may force you to compromise on the quality of medical treatment. We feel you certainly deserve better.

SBI Life Insurance Hospital Cash Plan is a comprehensive plan that covers not only hospitalization expenses but also other incidental costs. This plan offers you complete freedom from worries.


What is SBI Life – Hospital Cash:

This plan helps you keep your savings untouched in case of medical emergencies by paying you a fixed Daily Hospitalization Cash Benefit and an ICU benefit that is twice of daily cash benefit, irrespective of your hospital bill. This amount helps to pay for any kind of expenses incurred before, during or post hospitalization.

We care for you and your loved ones! To aid your family in crisis we provide you with Family Care Benefit feature and family discount benefit.



Key Features:



Long term coverage  up to 75 years of age
Premium remains unchanged for 3 years 
Family rebate available to cover your loved ones
No claim bonus available
Coverage of Pre-existing diseases after 2 Policy years
Tax benefit on premium paid under section 80 D of IT Act^.





This policy can be taken for Self /Spouse/Parents/ Parents in-law and dependent children.For children between age of 1 year-17 years to be covered at least one of the parents has to be insured under the same policy.
Minimum age at entry for the proposer on last birthday 18 years
Minimum age at entry For Dependant Child 1 year
For Adult 18 years
Maximum age at entry For Dependant Child 24 years
For Adult 65 years for a new policy
72 years for a renewed policy
Max age at maturity For Dependant Child 27 years
For Adult 75 years
Fixed Policy Term 3 years
Premium modes – Yearly/ Half Yearly/ Quarterly
Note: All ages are as on Last Birthday
Definition of Hospital:
“Hospital is an institution in India established for indoor care, offering allopathic treatment only for sickness and injuries and which is registered as a hospital or nursing home with the appropriate authorities and is under the supervision of a registered and qualified physician, and provides all the following facilities:
– at least 10 inpatient beds
– a fully equipped operation theatre of its own where surgical operations are carried out, and
– fully qualified nursing staff under its employment 24 hours per day, and
– fully qualified physicians in supervision 24 hours per day, and
– maintains a daily medical record for each of its patients.
For the purpose of this policy, the term hospital shall not include any institution which is primarily a rest home or convalescent facility, a place for custodial care, a facility for the aged or alcoholic or drug addicts or for the treatment of psychiatric or mental disorders; even if the institution has been registered as a hospital or nursing home with the appropriate authorities.”



Scale of Benefits:


Sum Assured per Annum(Rs) 2 Lakhs 3 Lakhs 4 Lakhs 5 Lakhs
Daily Hospitalization Cash Benefit(Rs/day) Rs 2000 Rs 3000 Rs 4000 Rs 5000
Daily ICU Benefit(Rs/day) Rs 4000 Rs 6000 Rs 8000 Rs 10,000
Family Care Benefit(Rs) Rs 10,000 – Lump sum per policy year


Waiting Period:



Hospitalization due to any illness within the first 30 days from the date of commencement of the cover or date of joining for a new member in the family policy is not covered except for those arising out of accident(s) which occur during the policy period.
^Tax benefits are subject to change in tax laws.Please consult your tax advisor for details.For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

Hospital Cash Claim Process & Forms:
Hospital Cash Claims Process Download
Hospital Cash Policy Booklet Download
Hospital Cash Treating Doctor’s Certificate Download
Hospital Cash Direct Mandate Download
Hospital Cash Claim Form Download


You may view or download the official brochure of this plan from here.

Benefit Illustration / Premium Calculator

You may check the customized benefit illustration of this plan as per your premium, age, S.A. etc. from here.

Also Read :   SBI Life Insurance Smart Health Insurance Plan

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