SBI Life Insurance Smart Health Insurance Plan

Introduction
We might save for a dream holiday or a dream house but rarely do we set aside money for any medical emergencies. Health emergencies don’t come with a warning and while one may not be able to prevent the emergency, a Health Insurance Plan can protect you or your near ones from part of its costs.

Planning for your health, should be the foremost thing in the financial planning chart of life, as it provides a safety net for your well being. SBI Life Insurance Smart Health Insurance  Plan is one such financial planning tool which takes care of most of your health related expenses. What’s more the plan comes from the SBI Life stable and provides health related benefits.

 

 

Key Features#:

 

 

Fixed Payout based on per day of Hospitalization.
Lump sum payout on all surgical procedures, including non-listed surgeries
136 Day Care treatments, which do not require 24 hours of hospitalization, are covered
Recuperation benefit to take care of your post-hospitalization expenses
Premium remains unchanged during policy term of 5 years
Long term coverage up to 70 years of age
Benefit of claiming from this policy, independently of any other health insurance cover
No Claim Bonus leads to an enhanced Sum Assured for every claim free year
Option to cover all members in the family and get rewarded for the same through family rebate
Renewal discount available
Tax benefit on premium paid under sec 80(D) of Income Tax Act, 1961*
 

 



Benefits:

 

 

Annual Basic Sum Assured (ABSA)
(Rs) / Benefits
1 Lakh 2 Lakhs 3 Lakhs 4 Lakhs 5 Lakhs
Daily Hospital Cash Benefit
(Rs /day) (1% of ABSA)
1000 2000 3000 4000 5000
Daily ICU Benefit
(Rs /day) (2% of ABSA)
2000 4000 6000 8000 10,000
Recuperation Benefit
(Rs /Lump-sum) (2% of ABSA)
2000 4000 6000 8000 10,000
Surgical Benefit (Rs /Lump-sum)
Grade I    (25% of ABSA)
Grade II  (50% of ABSA)
Grade III (75% of ABSA)
Grade IV (100% of ABSA)
25,000
50,000
75,000
1,00,000
50,000
1,00,000
1,50,000
2,00,000
75,000
1,50,000
2,25,000
3,00,000
1,00,000
2,00,000
3,00,000
4,00,000
1,25,000
2,50,000
3,75,000
5,00,000
Non listed Surgical Benefit
(Rs /Lump-sum) (7.5% of ABSA)
7,500 15,000 22,500 30,000 37,500
Day Care Treatment (Rs /Lump-sum)
(10% of ABSA)
10,000 20,000 30,000 40,000 50,000
 

 

Product Snapshot: 

 

Age at Entry** Adult: Min 18 years  /  Max 65 years
Dependent Child: Min 3 months (completed) / Max 22 years
Maximum Age at Maturity Adult: 70 years
Dependent Child: 27 years
Maximum Age at Renewal 65 years
Fixed Policy Term 5 years, renewable thereafter
Premium Frequency Yearly / Half-yearly / Quarterly /Monthly***
Relationships Covered Self/Spouse/ Dependent Children^/ Parents & Parents-in-law
* Tax benefits are subject to change in tax laws. Please consult your Tax advisor for details.
**All the references to age are age as on last birthday.
***For monthly mode 3 months premium to be paid in advance. Renewal premium payment is allowed only though ECS, Credit Card, Direct debit and SI-EFT.
^ For children below 18 yrs, at least one of the parents must be covered under the same Policy
 

 

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.# The key features are subject to exclusions and terms & conditions under the plan.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

 

Brochure

 

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

 
Premium Table
You may check the premium table for this plan from here.

 

Listed Surgeries

List of Day Care Surgeries

SBI Life Insurance Smart Health Insurance Plan
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