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Group Insurance 1386 views October 7, 2020
Won’t it be great if you can choose the perfect premium amount for your health insurance plan? To make your wish come true, SBI General Insurance Company Limited provides you access to the Group Health Insurance Policy Premium Calculator. Using the calculator, you can select the suitable premium amount as per your policy term. Let’s read this page further to know how this premium calculator works and what benefits it has for you.
Table of Contents
The premium under this policy will be paid in advance, and no receipt for the premium is valid, except on the official form duly signed by an authorized officer of the insurer. The due premium payment and the observance and fulfillment of the terms, provisions, conditions and endorsements of SBI Group Health Insurance Policy by the insured person in so far as they relate to anything to be done or complied with by the Insured Person shall be a prerequisite when the Insurer has to make any payment under this policy. Any terms, provisions, conditions and endorsements of this policy shall be valid when made in writing and signed by an authorized official of the Insurer.
To use the premium calculator, you need to follow the steps shown below:-
Steps 1:- Visit the official website of SBI General Insurance Company Limited
Steps 2:- Select the online calculator option from the page
Step 3:- You will be then redirected to the online calculator page, where you need to select ‘Health Insurance’ premium calculator
Step 4:- Provide your details such as gender, residence location, and for whom you are buying this policy – self, spouse, or child. Click on the ‘Go’ button
Step 5:- Enter your mobile number and email address
Step 6:- Tick on the company terms and conditions and press the ‘Continue’ button
To buy this policy, the buyer must meet the following criteria, otherwise, his/her application request will be rejected by the insurer.
The policyholder has the right to cancel the policy by giving a 15-day written notice to the insurer and in such an event, the company will refund the paid premium for the unexpired policy period as per the details below.
Period on Risk | Refunded Premium Rate |
---|---|
Up to 1-month | 75% of annual rate |
Up to 3-months | 50%of annual rate |
Up to 6-months | 25% of annual rate |
Above 6-months | Nil |