SBI General Critical Illness Plan

*Please note that the quotes shown will be from our partners

Introduction

SBI General’s Critical Illness Insurance Policy gives you a protection of fixed sum assured that you can use against 13 most important critical illnesses. In case of critical illness, this policy helps the insured person to bear the high cost of treatment and thus, makes him financially stable in these critical situations.

Key Features and Benefits

  • It gives you a coverage against below 13 most critical illness –

Cancer

Kidney Failure (End Stage Renal Failure)

 

Primary Pulmonary Arterial Hypertension

 

Multiple Sclerosis

 

Major Organ Transplant

 

Coronary artery by-pass grafts (with surgery to divide the breastbone)

 

Aorta Graft Surgery

 

Heart Valve Surgery

 

Stroke

 

Myocardial Infarction (First Heart Attack)

 

Coma

 

Total Blindness

 

Paralysis

 

 

 

 

  • Any person can take this policy up to an age of 65 years.
  • Two plan options are available- 1 year and 3 year.
  • Total sum insured can reach upto 50 lacs.
  • The premium paid is exempt from Income Tax under Sec 80 D of Income Tax act.
  • Free lookup period of 15 days is provided as per IRDA.

Policy Details

Minimum Sum Assured – Rs.2, 00,000

Maximum Sum Assured – Rs.50, 00,000

Coverage Type – Individual

Age Limits– A person can take this policy from an age of 18 years up to an age of 65 years.

Health CheckUp – No Health check up is required up to an age of 45 years in case the person have no health problems in past.

Grace Period – A time span of 15 days is given to deposit for the payment of premium.

Free Look Period – If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of cancelling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Only 1 critical illness claim is allowed by the company during the lifetime of the insured person. Once the person uses the critical illness benefit, it will automatically terminate.

Exclusions

  • No benefit will be provided up to a period of 90 days from the start of the policy.
  • Pre- Existing disease, related conditions & complications will not be the part of the policy terms.
  • Attempted suicide will not be covered under this policy.
  • Sexually transmitted conditions, mental or nervous disorder, Acquired Immune Deficiency Syndrome (AIDS), Human Immune deficiency Virus (HIV) infection.
  • No coverage will be given if the illness is caused due to the consumption of drugs, alcohol, or other intoxicants or hallucinogens unless prescribed by a Medical Practitioner.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof. Medical examination may be required in some cases, based on the sum assured and the age of the person.