SBI Life Hospital Cash

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Review of SBI Life Hospital Cash Plan

 

SBI Life Hospital Cash Plan takes care of you and your family’s medical needs. In case of hospitalisation, from day 1, the policyholder gets a fixed daily allowance irrespective of the amount on the hospital bills. This amount can be used to take care of any expenses and in case of admission in ICU, the benefit paid is double the daily hospital cash benefit.


 

Key Features of SBI Life Hospital Cash Plan


  • 100% payout is given from the first day of hospitalisation
  • No deductions on the payout
  • Hospitalisation cash benefit and ICU benefit
  • ICU benefit is double the Hospital Cash benefit
  • Hospitalisation covered for a maximum of 100 days in a policy year
  • ICU covered for a maximum of 50 days in a policy year
  • Guaranteed coverage up to the age of 75 years
  • If no claims filed then the Sum Assured gets enhanced every year
  • Increased per day pay-out and Total Sum Assured (provided no claims made)
  • Can cover family as well and get family discount
  • Premium guarantee for 3 years
  • Fixed Policy term of 3 years
  • Maximum entry age for child is 24 years, and is renewable till child attains 27 years of age, after which new policy can be taken for child with continuity benefits

 

 

Other Benefits you get from SBI Life Hospital Cash Plan

 

Income Tax Benefit – Premiums paid for self/ spouse/ children/ parents are eligible for deductions under section 80D

 

 

Eligibility conditions and other restrictions in SBI Life Hospital Cash Plan

 

 

Minimum

Maximum

Sum Assured (in Rs.)

2,00,000

5,00,000

Fixed Policy Term (in years)

-

3

Entry Age of Policyholder

18

65

Age at Maturity

-

75

Payment modes

Quarterly, Half-Yearly, Yearly

 

 

Sample illustration of premium amount in SBI Life Hospital Cash Plan

 

The below illustration is for a healthy male opting for:

Sum Assured = Rs 3,00,000

Policy Term= 3 years

SBI Life Hospital Cash Plan - Sample Illustration of Premiums

 

 

 

 

 

 

 

 

 

 

 

 

 



Exclusions - What is not covered in SBI Life Hospital Cash Plan?

 

 

  • First 30 days from policy start date except in case of an accident
  • Pre-existing diseases for first 2 years
  • Specified ailments for first 2years like hernia, cataract, glaucoma, gastric and duodenal ulcers, skin and internal tumors, sinusitis, tonsillitis, stones, fibroids, arthritis, fistula etc
  • Non-allopathic treatments
  • Congenital diseases (existing at birth)
  • Pregnancy, childbirth, sterility, sex change and related expenses
  • Dental treatments
  • HIV / AIDS and related conditions
  • Mental disorder
  • Abuse of alcohol, drugs or intoxicants
  • Self-inflicted injuries or suicide
  • Nuclear or radioactive contamination, war or similar perils
  • Treatments taken outside India

 

 

 

Additional Features and Benefits of SBI Life Hospital Cash Plan

 

 

  • Family Care Benefit – In case 2 or more insured family members are hospitalised at the same time for more than 5 days, the company pays an additional amount of Rs 10,000
  • Increase in Sum Assured by 5% on each Policy Anniversary (up to a maximum of 40%)

 

 

 

Alternate health plans from different insurance companies

 

LIC Jeevan Arogya Plan

IndiaFirst Money Back Health Insurance Plan

Max New York Life-Medi Cash Plus Plan

 

 

Other health insurance plans from SBI Life Insurance

 

This is the only individual Health Insurance Plan from SBI Life Insurance.

~ By Deepak Yohannan
Note: This is a statement of facts based on the information collected from the SBI Life Hospital Cash brochure and insurance company's website. It should not be construed as a Critical or Favourable SBI Life Hospital Cash Review, Analysis or Recommendation.
Insurance is a subject matter of the solicitation.


Leave a Comment

I wish to go for health policy for self and my wife. I am all of 59 years and my wife 57 years of age. I wish to go for 5L insurance. What will be the yearly premium?

By Pralhad Kushtagi on Jun 06, 2014 Reply

Click here to fill in your details and then you will be shown a list of policies which will meet your requirement

http://www.myinsuranceclub.com/health-insurance

Replied By Manoj Aswani (MIC Staff) on Jun 07, 2014 Reply

I WANT TO TAKE MEDICLAIM POLICY FOR MY PARENTS . MY FATHER AGE 56 YEARS . MY MOTHER AGE 48 YEARS . THEY ARE STAYED IN INDORE SO PLEASE ADVISE ME TO TAKE CORRECT POLICY .

THANKS
VINAY JINWAL

By Vicky Jinwal on Mar 27, 2014 Reply

Hi Vinay

You can instantly see the names & premiums of different insurance companies by filling up a quick form on the below page

http://www.myinsuranceclub.com/health-insurance/

Replied By Manoj Aswani (MIC Staff) on Mar 27, 2014 Reply

R/Sir,
I want to buy a SBI medical policy for my family, Self-40 years, spouse-33, children 9 & 5 what will be my premium per annum for Rs.200000/-for five years. What are the benefits? and mode of paying the premium.

By Moses Benjamin on Apr 22, 2013 Reply

Hi Moses Benjamin, you will have to pay an annual premium of Rs.11,235/- inclusive of Service Tax. The plan can only be taken for 3 years at a time and not 5.

You can view the brochure here which explains all the benefits.

http://www.sbilife.co.in/sbilife/images/File/documents/hospital_cash_brochure_final_version.pdf

 

Replied By Admin (MIC Staff) on Apr 23, 2013 Reply

R/Sir,
I want to buy a SBI medical policy for my family, Self-48 years, spouse-43, child-5 , what will be my premium per annum for Rs.500000/-for three years. What are the benefits? and mode of paying the premium.

By Shyamtayade Tayade on Apr 18, 2013 Reply

Hi Shyam, based on the information shared by you, the annual premium for this plan would come to Rs. 10,052 inclusive of taxes. The mode of payment is annual. You have quartely and half-yearly options also to pay the premiums. There would be a small increase in premium if you choose the non-annual modes of payment.

This is a hospital cash plan and the benefits would be as follows:

BENEFITS
Sum Assured per Annum(Rs) 5 Lakhs
Daily Hospitalization Cash Benefit(Rs/day) Rs 5000
Daily ICU Benefit(Rs/day) Rs 10,000
Family Care Benefit(Rs) Rs 10,000 - Lump sum per policy year

So irrespective of the cost of treatment incurred, you would get the above mentioned payments. The flip side is that you may incur more expenses than the above.

Replied By Admin (MIC Staff) on Apr 18, 2013 Reply

Dear CH.Srinivasa Rao, we will surely help you out. We have written a mail to you also on this. As a first step, you can compare health insurance premiums by visiting the link below:

http://www.myinsuranceclub.com/health-insurance/

By Myinsuranceclub.Com on Nov 23, 2012 Reply

i want a mediclaim policy for my faimly. please guide me

By Ch.Srinivasa Rao on Nov 23, 2012 Reply

I want to take Mediclaim Policy for my family and our parents . My father age 65 years. My mother age 60 years. My wife age 21 years and myself 36 years. Our parents are stayed in near Visakhapatnam. So please advise me to take correct policy, which will be returns if any.

By Narasimha Rao Doddi on Nov 21, 2012 Reply

THIS POLICY DETIAL AND WAHER HOSPITAL DETIAL



REGARDS
SAJJAN
9871946919

By Sajjan on Jul 04, 2012 Reply

I WANT TO TAKE MEDICLAIM POLICY FOR MY PARENTS . MY FATHER AGE 52 YEARS . MY MOTHER AGE 46 YEARS . THEY ARE STAYED IN HYDERABAD SO PLEASE ADVISE ME TO TAKE CORRECT POLICY .


NAME : VEERA SWAMY GUNJI
HYDERABAD.

By Veera Swamy Gunji on Mar 29, 2012 Reply

I am a star health insurance policy holder for the past one and half years. Can I change my policy from star health insurance to SBI Cashless Policy. Can I get coverage to pre existing deseases after the completion of 2 years

By Suja on Dec 30, 2011 Reply

I WANT TO TAKE MEDICLAIM POLICY FOR MY PARENTS . MY FATHER AGE 56 YEARS . MY MOTHER AGE 46 YEARS . THEY ARE STAYED IN NAGERCOIL. SO PLEASE ADVISE ME TO TAKE CORRECT POLICY .

NAME : A.MUTHUSWAMY
BANGALORE
CELL :09632557521

By A.Muthuswamy on Dec 11, 2011 Reply

Respected sir. my fatheris interested in this policy. he want to know all detail information so i requeste if possible then call him on 9824042563 .so he understand policy betterand take decision. thanx

By Ajita on Nov 29, 2011 Reply

I think this is a good Policy ,excluding No features on places of Hospitalisation at various parts of India, if the same is not treatable outside India.
it is said "If no claims filed then the Sum Assured gets enhanced every year"" What about if at the end of say 5 years i want some Cash money,out of this saved amount , as i was suppose , without having any treatment in the past 5 years.
Regards.
gaju

By Gaju Sawai on Nov 27, 2011 Reply

IN CASE OF HOSPITALIZATION WILL I BE ABLE TO TO GET YOUR CASH BENEFIT BY PRODUCING XEROX BILLS / DISCHARGE SUMMARY.

BECAUSE I HAVE TO PRODUCE ALL MY ORIGINAL BILLS / DISCHARGE SUMMARY ORIGINAL TO MY MEDICLAIM POLICY .

By Satyanarayan.S on Nov 23, 2011 Reply

iwantto purchase policy my native ratlam (m.p.)

By Kamalesh Kumar Joshi on Nov 13, 2011 Reply

I m intrested for the mediclaim policy. We r 4 member in our family. Give me detail's .

By Sanjay Dwivedi on Nov 10, 2011 Reply

SIR, I WANT DETAILED INFORMATION ABOUT SBI MEDICLAIM INSURANCE POLICY.
PLS REVERT BACK SOON.

REGARDS.

SANJAY VERMA
MOB: 9316605595

By Sanjay Verma on Oct 19, 2011 Reply

I would like to take the above policy SBI Hospital Cash including my wife , daughter & mother. My age is 46 and my wife age is 43 and my daughter age is 10 and my mother age is 70 ? What is the annual premium. Please let me know the details. Can I claim this insurance premium under IT benefit in the section other than Rs. 1 lakh.

By Jayaprakash R on Oct 04, 2011 Reply

Really It is a good Health insurance policy;
among the entire insurance market.

By Bihari Lal Soni on Oct 01, 2011 Reply

Sir,

I would like to take the above policy including my wife (floater). My age is 33 and my wife age is 27. including two chilren 6 & 1 years What is the annual premium. Please let me know the details. Thanks and Regards

By Durga on Sep 28, 2011 Reply

Iam interested in the following:

SBI life insurance policy
LIC health policy
LIC Credit card & other policies .
i am in bangalore. contact no: 9945759919 or 9880314476

By Anitha on Sep 28, 2011 Reply

DEAR ADVISERS/FRIENDS,

I am having the following ULIP Schemes of SBI & INDIA FIRST.
1). SBI Life UnitPlus-II Regular sch. Policy No.24092660505 frm 4.1.2010, Paid @ 50000 pa.
2). SBI Life Unit Plus II CHILD SCH. Policy no.43004147001 frn 31.8.10, Paid @ 25000 p.a,
3). INDIA FIRST FUTURE PLAN P.no.10116179 from 17.8.10, paid @25000 p.a
and my wife is having SBI Life Smart Ulip, P.no.33015947006, frm 29.9.2009paid @50000 pa

Is SBI Life insurance/INDIA FIRST, will be able to switch the above policies with MEDICLAIM (life long) with the follwoing.

FAMILY FLOATER, CRITICAL ILLNESS RIDER, PREMIUM WAIVER RIDER IN CASE OF ANY PROBLEM, ACCIDENCE INSURANCE RIDER ETC.???

I am aged 47 with wife & 3 children.

A.V.S.SHARMA.

By Akella Venkata Subrahmanya Sharma on Sep 20, 2011 Reply

Which policy can buy for a cancer patient.

By Srabani Sinha on Sep 19, 2011 Reply

i required medicliem policy for my mummy which is 62 year i need cover about 200000 rs. please advice me or mark me a mail with details.

By Sheetal Karajgar on Sep 18, 2011 Reply

Sir I need more details about the policy

By Sanjay Pradhan on Sep 16, 2011 Reply

SBI Life Hospital Cash policy

By Shinde Maruti on Sep 16, 2011 Reply

pls give brief description about this policy

By Vijay on Sep 15, 2011 Reply

I am 71 years old. Am i eligible under the scheme?

By Akt on Sep 15, 2011 Reply

I & my wife are interested . But I am a patient of HYPERTENSION, my wife is DIABETIC,HYPERTENSION and THYROID.
Whether your plans suitable to us.w

By K.Venu Gopal on Sep 15, 2011 Reply

Interested in the best plan of this type.
Please give me detiled information.

By Uma Shanker Garg on Sep 14, 2011 Reply

Excelent I like it.

Thanks & Regards
Niyamath

By Niyamath Ur Rahman on Sep 14, 2011 Reply

I am intersted for the same policy i want four member in my faimly. what will pay for the summassured get 5 lakh please send me datail

By Dharminder on Sep 14, 2011 Reply

I need in details about the policy,I am now 52 years

By Kayastha Nitin on Sep 14, 2011 Reply

Sir,

I want family floater health insurance details

By Manivannan R. on Sep 14, 2011 Reply

I need in details about the policy, is it possible to send a representive to my palce or can you arrage a call.9322509081
Can we get benefit in addition to the MEDICLAIM ? ie is original bill required for the benefit?

By Binay Kumar Singh on Sep 14, 2011 Reply

I am interested to know more about the SBI hospital cash Policy. Please ask your representative to talk to me on +91 9415017355 Thanks.

By U.C. Kulshrestha on Sep 14, 2011 Reply

I need details about the policy forwad the detail on my E-mail

By Mahendra S Ingale on Sep 14, 2011 Reply

i need more details in this policy plz contact me. 09823489133

By Sudhir Rokade on Sep 14, 2011 Reply

Yes, I am in very much interest in this type of Policy. Please mail me complete details

By Vijay Pandhare on Sep 14, 2011 Reply

I want to know whether this policy is applicable for Sr. Citizens ageing 63 & 65 years.

By Arun on Sep 14, 2011 Reply

I am sixty plus. Kindly clarify the following points regarding hospital cash policy-

1.amount of premium for coverage of rupees five lacs.
2.whether any medical tests are required? If so, where the tests can be done at Bilaspur(CG).
3.whether the policy is cashless or reimbursement will be done.
4.coverage of hospitals at Bilaspur(CG).

By Swapan Kumar Ray on Sep 14, 2011 Reply

Yes I am interested My age is 52 and wife age is 45 which policy is good please let me know.

By Rajan on Sep 14, 2011 Reply

i am 79 yts old and my wife is 76 yrs. we both are SBI Account holders for the last more than 40 yrs. can we be allowed to take up this policy? both of us are presently healthy. ready for medical check up if required. PL ADVICE
ALSO INTERESTED IN TAKING POLICY FOR MY SON AGED 43 YRS. SBI ACCOUNT HOLDER. PL ADVISE. THANKS

By B P Saradhy on Sep 14, 2011 Reply

iam in BANGLORE and family in KANPUR. but the policy seems good. want more details.

By Ravindra Pratap Singh on Sep 13, 2011 Reply

I would like to take the above policy,and my age is 55years wife age is48years and children 17years, so what is my anual premium,please let me know the details.

By Manokaran K on Sep 13, 2011 Reply

I am working as a scientist in the Agricultural University & is 44yrs( 01.07.1968) , wife is 40yrs(25.12.1971), Children are 16 w.i.e. 6.11.1995, 11 w.i.e. 13.9.2001 , 3 w.i.e. 21.11.2008 . Name the best policy to cover the medical under the whole family plan or separately.
In this policy , are you sure to pay only 3 premium and medical claim will be maintained up to
whole life for which diseases and when candidate will be entered to hospital , how will be the process to get the claim . During the injured candidate from any diseases , he has no plan for claim. What are the criteria for claim and essential paper to provide to the bank through which process /

By Dr. Pramod Kumar Singh on Sep 13, 2011 Reply

I am 63 years today, which is the best medical policy for self. Please advise. Thanks.

By Nageswar on Sep 13, 2011 Reply

I am 57years (4-9-1954) and my wife 52 years (2-12-1959) which is the best medical policy for our family. Pls advise.


Regards
Chandran Pillai
13-9-2011

By Chandran Pillai on Sep 13, 2011 Reply

I am 58 years today and my wife 52 years my son is 23 years. which is the best medical policy for our family. Pls advise.

By Amrik Plaha on Sep 13, 2011 Reply

Sir,
I am 59 years old and my wife is 58years old.Can we have the policy for both at this stage?If yes, kindly inform me the annual premium payable for both of us.

By S.Mohandoss on Sep 13, 2011 Reply

dear sir, i am 56 years of age.i am earning rs 40000 / per month. i am interested in sbi lic policy. please advice me good plan. ive my wife .her age is 45 years and 2 children aged 25 & 21.

regards.

vimal

09816012837

By Vimal Kumar on Sep 13, 2011 Reply

Hello,
Can we have policy at the age of 60 and above and if yes then what will be annual premium.
d singh

By Dhananjaysingh on Sep 13, 2011 Reply

i want to know the policy for above age of 60.
please send the details to my mail id. shyamdevara4@gmail.com

thanks
shyam
8971867888

By Shyam Babu on Sep 13, 2011 Reply

i need complete details about this policy. send ur representative in person to my place.

thanks,
Shyam babu
9482545177

By Shyambabu on Sep 13, 2011 Reply

hi i am intrested in such policy please tell me fruther detail call me on it number 09922415917

By Vikas Ganvir on Sep 13, 2011 Reply

good policy. suggest some pension plans ,marriage, education plans

By Akhilesh Singh on Sep 13, 2011 Reply

I think this product will be a game changer if following condition is modified.

"Increase in Sum Assured by 5% on each Policy Anniversary (up to a maximum of 40%)"
changed to
"Increase in Sum Assured by 5% on each Policy Anniversary" - without cap on maximum
or better
"Increase in Sum Assured by inflation rate on each Policy Anniversary"

By Aditya on Sep 13, 2011 Reply

I think this product will be a game changer if following condition is modified.

"Increase in Sum Assured by 5% on each Policy Anniversary (up to a maximum of 40%)"
changed to
"Increase in Sum Assured by 5% on each Policy Anniversary" - without cap on maximum
or better
"Increase in Sum Assured by inflation rate on each Policy Anniversary"

By Aditya on Sep 13, 2011 Reply

Plz call me to discuss about this plan 09972619448

By Devappa on Sep 13, 2011 Reply

I am interested in sbi life hospital cash policy--to whom I have to contact for taking the policy?

By Samir Kumar Bhattacharyya on Sep 13, 2011 Reply

need some better plan for my family (me,wife,8 monts baby girl)

By Srinivas Upasi on Sep 13, 2011 Reply

i need more info regarding SBI Life Hospital Cash Plan
JOHN

By John on Sep 13, 2011 Reply

I need in details about the policy, is it possible to send a representive to my palce. I am staying at hyderabad.

By V.V.Muralidhar on Sep 13, 2011 Reply

I want a mediclaim policy for my family specialy from LIC , I am 30 years old, Please guide me.
thanking you

Prakash Maharana
Bhubaneswar

By Prakash Maharana on Sep 13, 2011 Reply

I am interested to know more about the SBI MEDICLAIM case less card policy.

for my self age 42 year and my family i.e. 2 + 3 child

By Sanjay Gohil on Sep 13, 2011 Reply

Sir,

I would like to take the above policy including my wife (floater). My age is 40 and my wife age is 38. including two chilren 17 & 15 years What is the annual premium. Please let me know the details. Thanks and Regards

By Subhash Chandra Mohanty on Sep 13, 2011 Reply

I would like to take the above policy,and my age is 40years wife age is 38years and children 17years,15 years so what is my anual premium,please let me know the details.

By Subhash Chandra Mohanty on Sep 13, 2011 Reply

Sir,

I would like to take the above policy including my wife (floater). My age is 56 and my wife age is 54. What is the annual premium. Please let me know the details. Thanks and Regards

G. Subramanian

By G. Subramanian on Sep 13, 2011 Reply

Good SBI and LIC coming out with Health Insurance Policy.

Till the age of 60 to 65, we are in employment and company pais for health medical,etc. Do you have any such product, where we pay in on monthly basis for next 3-5 years and then are covered for life long for health cover when no more in employment, major medical expense.

thanks
prem vashisht, new delhi

By Prem Vashisht on Sep 13, 2011 Reply

ABOUT SBILIFE HOSPITAL CASH SO ARE YOU WORRIED ABOUT YOUR HEALTH ? SO DONT WORRY THEN GO AND TAKE IN BED REST IN HOSPITAL THEN COLLECT CASH DAILY 5000/- FROM US 9440126592

By Srinivas on Sep 13, 2011 Reply

Please tell me the whole family cash less mediclaim plan.


9958960911

By Kapil on Sep 13, 2011 Reply

Pl.contact with me......

By Ravish P.Deshmukh on Sep 13, 2011 Reply

I am interested to know more about the SBI Policy. Please ask your representative to talk to me on +91 98197 22938. Thanks.

Bali Chandiok

By B.S.Chandiok on Sep 13, 2011 Reply

plz call me my no is 9976192666 i need a health policy for my mother 57 yrs

By Kumar on Sep 13, 2011 Reply

hi i am intrested in such policy please tell me fruther detail call me on it number 9911663615

By Ram on Sep 13, 2011 Reply

Can we get benefit in addition to the MEDICLAIM ? ie is original bill required for the benefit?

9448445224

By Mathews P Samuel on Sep 13, 2011 Reply

I.need more details

regading this policy can u call meon 08792149248

By M.Shaik on Sep 13, 2011 Reply

sir, i want health policy, please tel me about sbi health insurance plan

thanks & regards

santosh kumar

By Santosh Kumar on Sep 13, 2011 Reply

sir, i want health policy, please tel me about sbi health insurance plan

thanks & regards

santosh kumar

By Santosh Kumar on Sep 13, 2011 Reply

i need in details about the policy

By Pranav Anilkumar Shah on Sep 13, 2011 Reply

I think this is a good Policy ,excluding No features on places of Hospitalisation at various parts of India, if the same is not treatable outside India.
it is said "If no claims filed then the Sum Assured gets enhanced every year"" What about if at the end of say 5 years i want some Cash money,out of this saved amount , as i was suppose , without having any treatment in the past 5 years.
Regards.

S K Singh

By Suraj K Singh on Sep 13, 2011 Reply

iam in abudhabi and family in chennai. but the policy seems good. want more details.

By Shankar on Sep 13, 2011 Reply

Actualy, I am searching for a money back health insurance plan. if you have any idea, pl

thanks,
U,Chowdhury

By Udayan Chowdhury on Sep 13, 2011 Reply

i want a mediclaim policy for my faimly. please guide me.

By Rajendra Prasad Saxena on Sep 13, 2011 Reply

I and my wife have medical insurance policy for last 8 years. Not claimed even single penny by the grace of GOD. I am now 62 yrs. What rules will apply if I think to continue it with you now? Please reply. Thanks

By A. K. Sinha on Sep 13, 2011 Reply

I need in details about the policy, is it possible to send a representive to my palce or can you arrage a call. 80135 52702

By Santanu Chakraborty on Sep 13, 2011 Reply

I need in details about the policy, is it possible to send a representive to my palce or can you arrage a call.

Thaks,
Ramaraju Penmetsa
8985747714

By Ramaraju on Sep 13, 2011 Reply

I am 59 years and if i want to take SBI Life hospital plan, health checkup required or not. Your illustration is not clear on this part of the condition. After what age pre-medical checkup required.

By Mohan S Iyer on Sep 13, 2011 Reply

This is the new health plan of SBI LIFE which launched this month.very useful policy.Here did not produce medical bills .Only doctor's discharged certificate.Means amount paid for daily hospitalization cash.There is no problems which are taken other medical policies.We can use duplicated Discharged Certificate which is attested by doctor.Here we mind on DAYS of hospitalized.Not medicine bills.Tax benefit Extra Rs.15,000/-Ok.try to join this HEALTH PLAN OF SBI LIFE.

By Himasithul on Sep 07, 2011 Reply

I already have health insurance policy but this hospital cash sounds good as an added benefit. The premiums are little higher for age 30 years. I think i will not buy it

By Farhan on Sep 07, 2011 Reply

buy online

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