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
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
Exclusions - What is not covered in SBI Life Hospital Cash Plan?
Additional Features and Benefits of SBI Life Hospital Cash Plan