SBI Life Hospital Cash

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.

• 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

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

The below illustration is for a healthy male opting for:

Sum Assured = Rs 3,00,000

Policy Term= 3 years

• 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

• 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%)