SBI Critical Illness Health Insurance Wordings

After purchasing the SBI General Critical Illness Policy, deduction under 80D of income tax is available from the taxable income for the premium you pay towards the policy. Below are the details about the tax benefits:

• A maximum of Rs. 25,000 amount can be saved for self, spouse and dependent children
• A maximum of Rs. 25,000 can be saved in case of parents
• If parents are senior citizens, a maximum of Rs. 30,000 can be saved

Yes, the portability feature is available. You can port any other policy into your SBI Critical Illness Insurance Policy. But, portability is applicable only within similar products. You’re able to port your existing critical illness policy into your SBI Critical Illness Insurance Policy. 

Any congenital conditions or illness is not covered in this policy. So, if you have an existing heart-related ailment or other related conditions, it will not be covered under the Critical Illness Insurance Policy of SBI General. 

There are some restrictions when it comes to the sum insured in the Critical Illness Insurance Policy.

• If the insured person is the earning member of the family, the sum insured would be a maximum of Rs. 50,00,000 or there would be a restriction to 60 months gross income for the Insured. In such a case, the insurer may insist you on showing proof of income if required.

• If the insured person is the non-earning member of the family, then the sum insured would be restricted to 50% of the Sum Insured based on Proposer Income. The maximum amount would be Rs. 10 Lakh.

• On the other hand, if the insured person is aged 60 years or above, and is taking the policy for the first time, then the maximum sum insured would be restricted to Rs. 15,00,000. 

The minimum and maximum coverage the SBI Critical Illness Policy depends on the sum insured:

• The minimum sum insured under the policy is Rs. 2,00,000
• The maximum sum insured under the policy is Rs. 50,00,000

For details, refer to the policy wording or give a call to InsuranceDekho at 1800-1205-698. 

You can buy the SBI Critical Illness Insurance Policy in two options:

• 1-year plan option
• 3-year plan option

The SBI General’s Critical Illness Insurance Policy provides coverage for as many as 13 diseases, including Kidney Failure (End Stage Renal Failure), Cancer, Primary Pulmonary Arterial Hypertension, Major Organ Transplant, Multiple Sclerosis, Coronary Artery Bypass Graft (with surgery to divide the breastbone), Heart Valve Surgery, Aorta Graft Surgery, Stroke, Coma, Myocardial Infarction (First Heart Attack), Total Blindness and Paralysis.  

It is important to note that only one critical illness claim can be allowed during the lifetime of the insured person. 

SBI General’s Critical Illness Insurance Policy lets you be in control by financially safeguarding you. Here is a list of key benefits of the plan:

• Maximum age of entry is 65 years
• There are two plan options. They are 1-year and 3-year plan.
• The policy covers 13 most critical Illnesses
• The Sum Insured available under this policy is up to Rs. 50,00,000
• SBI General allows free look period of 15 days
• The premium that you pay against the policy is exempt from Income Tax under Sec 80D of the Income Tax Act

Yes, you can buy the SBI General’s Critical Illness Insurance Policy online. For this, you need to visit the official website of SBI General and buy the policy. Besides, you can also file a claim online. For details, feel free to contact InsuranceDekho at 1800-1205-698.