Why You Should Buy Arogya Premier Policy by SBI?
Updated On Sep 14, 2021
SBI is one of the best health insurance companies that has been serving its policyholders with reliable, affordable policies for the past decade. The list of health insurance plans offered by SBI is quite vast, comprising plans for individuals, families, critical illnesses, coronavirus, and more. Out of all, Arogya Premier is a popular health insurance policy that is the ultimate choice of many. If you too have been considering your SBI health insurance policy options and don’t want to compromise on treatment quality, read along to know why buying an Arogya Premier policy would be worthwhile.
What Is Arogya Premier Policy?
SBI general Arogya Premier insurance is a plan that provides cover for your medical expenses in case of a medical emergency. Easily available at a reasonable premium price, Arogya Premier is an absolute choice for high net-worth individuals, who don’t want money to be a concern in the case of healthcare. The policy comes with peace of mind as well as supreme financial security so if you want to buy the plan, go ahead without giving it a second thought.
What Are the Key Features of Arogya Premier Policy?
Some of the prime features of Arogya Premier Policy include:
- Indemnity based plan
- Guaranteed lifetime renewability
- Policy term options like 1 year, 2 years, and 3 years
- Individual and family floater basis availability
- Minimum age at entry - 3 months; Maximum age at entry - 65 years
- Sum insured range - Rs. 10 Lakh up to Rs. 30 Lakh
- No claim bonus of 10% every year, maximum up to 50%
- Automatic reinstatement of sum insured
- Reimbursement of health check-up up to Rs. 5,000 in case of no claim for 4 continuous years
- No pre-policy medical checkup required up to 55 years of age for people with no medical history
- Tax benefits as per Section 80D of the Income Tax Act.
What Are the Coverage Benefits Under Arogya Premier Policy?
When you buy the Arogya Premier policy, you become eligible for coverage benefits such as:
- Inpatient care (room rent, nursing, diagnostic procedures, etc.)
- 60 days pre-hospitalization expenses
- 90 days post-hospitalization expenses
- 142 daycare surgeries and procedures
- Actual ambulance charges including air ambulance up to Rs. 1 Lakh
- AYUSH treatment
- Domiciliary hospitalization and physiotherapy
- Maternity expenses
- Organ donor expenses
What Are the Waiting Periods Under Arogya Premier Policy?
The waiting periods associated with Arogya Premier Policy are as follows:
- For all illnesses (not applicable on renewal or for accidents) - 30 days (initial waiting period)
- For specified disease and procedure - 90 days
- For specified surgeries/treatments/diseases - 12 months
- For pre-existing diseases - 48 months unless otherwise provided
- For maternity benefit expenses - 9 months
What Is the Grace Period Under Arogya Premier Policy?
Arogya Premier Policy provides a grace period of 30 days for policy renewal. If you miss paying the premium early, you can pay the policy premium in these 30 days and continue enjoying your health insurance benefits without any break.
What Is the Free Look Period Under Arogya Premier Policy?
Arogya Premier Policy provides a free look period of 15 days to cancel your policy. Note that the period of 15 days starts from the date of receipt of the policy. During this period, you can port from one health insurance plan to another plan of SBI without any hassle.
Final Words
SBI’s Arogya Premier Health Insurance Policy is an exceptional plan that provides cover for a vast array of medical conditions and situations. If you are a high net-worth individual who doesn’t want financial instability to hinder treatment quality, go ahead with Arogya Premier policy. Rest assured, you won’t regret your decision of buying this exemplary SBI health insurance product even once.
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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
