The SBI Arogya Sanjeevani Policy is a standard health insurance policy that has been introduced by the IRDAI. Under this policy, the insured can get coverage that ranges between Rs 1 lakh to Rs 5 lakh. This plan is available as an individual plan as well as a floater plan. It thus also covers the hospitalization expenses that may arise due to COVID 19. This plan is universal for all the health as well as the general insurance companies in India.
Type of Coverage |
Individual/Floater |
Sum Insured |
Rs 1 lakh to Rs 5 lakh |
Tenure |
1 year |
Medical Check-up |
Not Required |
The scope of coverage under this plan is explained as below:
Under its list of coverage, the policy includes the following:
The policy doesn’t exclude the following:
For a complete list of exclusion, one can refer to the policy document.
The policy comes with the following features and benefits:
*Tax benefits are subject to change in tax laws
The minimum eligibility criteria to buy this plan are:
Minimum Entry Age |
18 years |
Maximum Entry Age |
65 years |
Number of people covered |
8 |
Residential Status |
NRIs and Indians |
The policyholders under the SBI Arogya Sanjeevani Insurance Policy have a 15- days free look period. If the policyholder wants to cancel the policy during this time, he/she can certainly do so after paying the cancellation fee. The paid premium will be refunded to the policyholder minus the expenses that have been incurred by the insurance company, subject to the condition that no claims were made during that period. This free look period is, however, not applicable during the time of the renewal.
Ans: The tenure of the policy is for 1 year.
Ans: No, there are no plan variants under this policy.
Ans: Yes, this policy does cover the hospitalization expenses incurred due to the treatment of the Coronavirus.
Ans: Yes, NRIs can buy the Arogya policy.
Ans: The sum insured amount under this policy can range between Rs 1 lakh and Rs 5 lakh. If one needs a higher amount of sum assured, one has to get another health insurance plan.
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