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SBI Hospital Daily Cash Insurance Policy

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SBI Hospital Daily Cash Insurance Plan

SBI Hospital Daily Cash Insurance Plan is a supplement to the health insurance policy, expenses like - charges for patient's diet, patient's attender's lodging, food, money spent on commuting from home to hospital and back can be taken care under this plan. Thus, provides an additional protection & takes care of additional expenses which are not which are not covered in the regular health plan. 

 

How does the plan work?

The plan offers 2 coverage options – 
a. Plan: (Max coverage: 30 Days)
b. Plan: (Max coverage: 60 Days)
There are 4 options for daily benefit amount. The details as in the following table:-
 

Plan: (Max coverage: 30 Days)

Benefits

A

B

C

D

Daily Hospitalization benefits due to sickness

500

1000

1500

2000

ICU Hospitalization (max. 7 days)

(Max. 15 days per Policy Period

1000

2000

3000

4000

Accident hospital confinement

1000

2000

3000

4000

Convalescence benefit for hospitalization exceeding consecutive 10 days

Fixed lump sum amount payable - 3 times benefits payable maximum 5000, if hospitalization exceeds 10 consecutive days

 

Plan: (Max coverage: 60 Days)

Benefits

A

B

C

D

Daily Hospitalization benefits due to sickness

500

1000

1500

2000

ICU Hospitalization (max. 7 days)

(Max. 15 days per Policy Period

1000

2000

3000

4000

Accident hospital confinement

1000

2000

3000

4000

Convalescence benefit for hospitalization exceeding consecutive 10 days

Fixed lump sum amount payable - 3 times benefits payable maximum 5000, if hospitalization exceeds 10 consecutive days

  • The benefit is in Rupees in the above table
 

Key Features of SBI Hospital Daily Cash Insurance Plan

  • Covers daily hospitalization expense
  • Covers ICU hospitalization expense 
  • Accident hospital confinement expense 
  • Fixed lump sum to take care of Recovery expenses 
  • Maximum age of entry is 65 years
  • Flexible Plan options – Max.30 days & 60 days coverage.
  • 4 Options to choose in terms of daily benefit amount – Rs.500, Rs.1000, Rs.1500 & Rs.2,000 
  • Tax Benefit under section 80D

 

What is covered in SBI Hospital Daily Cash Insurance Plan?

In the event of accidental injury or sickness - a hospitalization benefit will be payable as per below:-
  • Hospital Daily Cash benefit for each continuous and completed period of 24 hours of hospitalization;
  • Twice the Hospital Daily Cash benefit for each continuous and completed period of 24 hours of Hospitalisation necessitated solely by reason of the said Accidental Bodily Injury. This is applicable for a maximum of 5 days per Hospitalisation subject to maximum of 10 days per Policy Period;
  • Twice the Hospital Daily Cash benefit for each continuous and completed period of 24 hours of Hospitalisation within the Intensive Care Unit. This is applicable for a maximum of 7 days per Hospitalisation subject to maximum of 15 days per Policy Period;
  • Thrice Hospital Daily Cash benefit or Rs. 5,000 whichever is less is payable upon completion of 10 consecutive days of hospitalization in a single admission for recovery. This benefit is payable only once in a Policy Period.
  • The maximum benefit payable will be 30/60 days as stated in Insured’s schedule within any Policy Period.
  • An excess equivalent to the first 24 hours Hospitalization benefit will be levied on each and every Hospitalisation during the Policy Period.
 

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

A few important exclusions are:-
  • Disease contracted during the first 30 days of commencement of policy
  • Certain diseases/surgeries like Hernia, Hydrocele etc shall be covered after a waiting period of 1 year.
  • Certain diseases like cataract, Hysterectomy shall be covered after a waiting period of 2 years.
  • Joint replacement surgery shall be covered after a waiting period of 3 years except done due to an accident.
  • Treatment arising from or traceable to pregnancy (whether uterine or extra uterine) and childbirth including caesarean section, and/or any treatment related to prenatal and postnatal care.
  • Treatment for any mental disease / illness, psychiatric or psychological disorders.
  • All expenses related to AIDS and related diseases.
  • Use or abuse of any substance, drug or alcohol and treatment for de-addiction.
  • “Day care Treatments” as defined under the policy are excluded from the scope of the Policy Please refer policy terms and conditions for complete list of exclusions




 
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