SBI’s new health insurance plan, Hospital Cash plan, insures the policy holder’s accumulated savings from medical emergencies, also giving the policy holder a fixed daily allowance. This fixed daily allowance is the insured when s/he is admitted till the day he/she is released. The daily allowance comes under the Hospital Cash's Daily Hospitalization Cash Benefit. Also if the person is admitted in an ICU the payouts are doubled.
The basic premise of this policy is to address the rising healthcare costs. The policy is for 3 years and one can pay premium on an annual, semi annual and quarterly basis. The maximum age to be eligible for this policy is 75 years.
Also if two or more persons are insured under the same scheme, another fixed lump sum amount of Rs.10,000 is paid to the family members of the individual admitted in ICU.
State Bank of India Life Insurance is joint venture between State Bank of India and BNP Paribas with SBI owning a controlling stake of 74%. The policy can be subscribed through an agent or also online.
To understand this offer better, give us a call on our toll free number 1800-103-922 and also visit our website for all you Life Insurance needs.
SBI being largest Nationalized Bank has failed to meet Customer's aspirations. Look at the policy... Health Problem do not cease at the age of 75 years. Yet in their wisdom, SBI ceases to provide Health Cover. It is either sheer shortsightedness or make hay while Sun Shines.instead of asking us to understand their offer, I just would say 'Wake up Sid '.
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