SBI Hospital Daily Cash Insurance Policy

Introduction/Overview

SBI Generals’ Hospital Cash Insurance Policy provides the insurer with benefits of fixed amount for each day of hospitalisation. This benefit is provided irrespective of medical cost. It provides the insurer with the additional benefits of extra protection and takes care of expenses which are not covered under other Health Insurance Policy.

Key Features

• The policy covers daily hospitalisation expense of the insurer for each completed and continuous day (period of 24 hour) hospitalisation.
• The policy also provides flexible plan option which provides maximum coverage of 30 days & 60 days.
• Total of 4 varieties of options are provided to choose in terms of daily benefit amount- Rs. 500 Rs. 1000, Rs. 1500 & Rs. 2000.
•  65 years is considered as maximum age of entry.

Benefits

• The policy covers ICU hospitalisation expenses up to twice the daily expense.
• The policy provides accident hospital confinement expense up to twice the daily benefit.
• To take care of convalescence expenses fixed lump sum amount is provided.
• Under Sec. 80 D of Income Tax Act the premium paid is exempt from Income Tax.

COVERAGE OPTIONS

1)      30 Days coverage

2)      60 Days coverage

4 options are available. Details are given in the following table-

 *Benefit amount in INR

POLICY DETAILS

• DAILY BENEFIT AMOUNT-  4 Options are provided- Rs. 500, Rs. 1000, Rs. 1500, Rs. 2000
• Coverage type – Individual
• Maximum Benefit Duration- 30 days/ 60 days.
• Maximum coverage- Rs. 2000
• For each completed period of 24 hours of hospitalisation daily cash benefit is provided.
• On completion of 10 continuous days of hospitalisation in a single admission of convalescence thrice hospital daily cash benefit or 5000, whichever is less is payable.

Documents Required

To buy the policy, fill up an ‘Application form/ proposal form’ with accurate medical history and submit it along with the address proof. Medical examination may be required in some cases, based on the sum assured and the age of the person. For people under the age of 45 years and without any history of illness, pre acceptance health check-up is not mandatory.

Eligibility

Minimum age of entry is 18 years, however children from the age of 3 months can be covered if any of the parent is covered under SBI general insurance. Maximum age of entry is 65 years.