Swarna Gramin Bima Yojana (Group) is an all-round health insurance plan for Gramin (Village Dweller) that covers the medical expenses incurred in case of illness or accident. You can also add your family members under this plan. It is the perfect Health protection for you, your family, people of your organization or NGO and also rural clientele of Financial Institutions.
|Sr. No.||Benefits||Payable Amount|
|Benefit 1||Death of the Insured or his/ her family members upon accident||100% of Sum Insured|
|Benefit 2||Permanent Total Disablement of the Insured or his/her family members resulting from Accident||125% of Sum Insured|
|Benefit 3||Permanent Partial Disablement of the Insured or his/ her family members resulting from Accident||Depending on % of disablement|
The following Critical Illnesses and Surgical Procedures shall be covered up to the Sum Insured:
|Option 1||Option 2||Option 3|
|Cancer of specified severity||Option 1 +||Option 2+|
|First Heart Attack of specified severity||Kidney Failure requiring regular dialysis||Major Organ /Bone Marrow Transplant|
|Open Chest CABG||Stroke resulting in permanent symptoms||Motor Neurone Disease with Permanent Symptoms|
|Open Heart Replacement||Permanent Paralysis of Limb|
|Coma of Specified Severity||Multiple Sclerosis with persisting symptoms|
This column shows you the options you have as paid amount upon hospitalization, subject to your minimum hospital stays of 2 days.
|Maximum Amount||Option 1||Option 2||Option 3|
|Rs 250/ - per day||Rs 500/- per day||Rs 1000/- per day|
|Rs 45000/-||Rs 90,000/-||Rs 1,80,000/-|
Double Benefit - If the insured person is admitted in an ICU, the amount mentioned in the optio0ns listed above shall be subsequently doubled for the maximum stay of 7 days.
|Age Band||SUM INSURED|
|Age Band||250 per day||500 per day||1000 per day|
|36- 45 Yrs||209||417||834|
|45- 55 Yrs||225||450||900|
|56- 65 Yrs||263||525||1050|
*The above rates may change. Please check the policy wordings for more details.
Discount under the Policy - Group discount as per below when the number of persons covered under the Policy exceeds 25.
|Number of Persons covered||Applicable discount|
|Up to 25 persons||No discount|
|Between 25 and 50 persons||5% on total premium|
|Between 51 and 100 persons||10% on total premium|
|Between 101 and 300 persons||15% on total premium|
|Between 301 and 400 persons||20% on total premium|
|Between 401 and 500 persons||25% on total premium|
|Over 500 persons||35% on total premium|
Tax Benefit - Avail of tax benefit under section 80D of Income Tax Act on the premium applicable for Critical Illnesses & Surgical Procedures cover.
By You: You may terminate this Policy at any time by giving us written notice, and the Policy shall terminate when such written notice is received. If no claim has been made under the Policy, then we will refund premium in accordance with the table below:
|Cover Period||Within 1 month||From 1 month to 3 months||From 3 months to 6 months||From 6 months to 1 year||During 2nd Year||During #rd Year|
By Us: We may at any time terminate this Policy on grounds of misrepresentation, fraud, non-disclosure of material facts or non-cooperation by you or any Insured Person or anyone acting on your behalf or on behalf of an Insured Person upon 30 days notice by sending an endorsement to your address shown in the Schedule without refund of premium.