 IntroductionSBI Life Insurance Group Criti9 Plan is a traditional non participating Group Health Plan. This plan provides protection against 9 critical illnesses where Sum Assured is paid in lump sum on diagnosis of any one of covered critical illnesses. So provides you money at time when you need it most. |
Key Features: |
| • | 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 |
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| # 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: |
| • | Cancer |
| • | Heart Attack (Myocardial Infarction) |
| • | Stroke |
| • | Coronary Artery Bypass Surgery |
| • | Kidney Failure (End Stage Renal Disease) |
| • | Major Organ Transplant |
| • | Coma |
| • | Multiple Sclerosis |
| • | Heart Valve Surgery |
| Please refer to the schedule of critical illnesses for further details |
Eligibility: |
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. |
| Group Size: |
| • | Minimum 50 members |
| Age: |
| • | Entry from minimum age of 18 yrs till the maximum age of 55 yrs. |
| Sum Assured: |
| • | 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/-. |
Benefits: Sum Assured is payable in one lump sum on diagnosis of any one of covered critical illness provided: |
| • | 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 |
Schedule of critical illness
Exclusions under the policy
Benefit Illustration for Compulsory Group
Benefit Illustration for Voluntary Group