Critical Illnesses usually hit without prior intimation and hence can pose as a great blow to the finances and also cause a lot of distress. Hence, SBI Critical Illness Health Insurance plan offers the insured with the assurance of financial and mental security. This plan is specifically designed to combat 13 of the most common critical illnesses with benefits that ease the burden on the insured as well as their beneficiaries.Variants
This plan does not have variants.
Key features of SBI Critical Illness Insurance
|Policy Period||1 year or 3 years|
|Renewability||Only 1 critical illness can be covered in the lifetime of the insured.|
|Medical Screening||Applicable for applicants above the age of 45 years.|
Accepted applicants will receive 50% of the medical costs incurred.
|Sum Assured||Minimum- Rs. 2 Lakh|
Maximum- Rs. 50 Lakh
Maximum cap of Rs.15 Lakh for first time applicants above the age of 60 years.
Non-earning insured will be granted 50% of the sum insured up to a maximum cap of Rs. 10 Lakhs on the basis of the income of the proposer.
Insurance benefit is only payable in the scenario that the insured is alive for a duration of 28 days or more after the first diagnosis of the illness. The policy automatically terminates upon payment of first critical illness benefit.
Only 1 critical illness claim can be made during the lifetime of the insured.
Maximum benefit amounting to Rs. 50,00,000 offered under critical illness cover.
The policy covers against the following 13 illnesses-
Disclaimer - Please read the terms, conditions and exclusions mentioned in the policy document carefully
Also Read: How to File a Claim with SBI Health?