 IntroductionWe 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* |
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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 |
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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 |
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* 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. |