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Health Insurance 5723 views February 11, 2020
Nowadays medical expenses are skyrocketing resulting in depleting savings and a challenging task in money management. State Bank of India is a premier banking and insurance providing partner in India that designs and offers unmatched insurance products to its customers. The well-crafter insurance plans of SBI are designed to offer complete financial protection to its customers. Arogya Plus policy of SBI is one such product that meets the financial needs of the customers in times of medical emergency.
The SBI’s Arogya Plus Policy helps in overcoming the cost of a medical emergency including hospitalization expenses, Out-patient expenses, pharmacy expenses, etc. the plan offers multiple advantages and benefits to the customer. Let us understand the key highlights and features of the SBI Arogya Plus Policy in detail.
Table of Contents
The key features of SBI Arogya Plus Policy are as under:
The plan offers the facility of ‘No Medical Check-up’ to the customers having no medical history.
The plan offers the facility of multiple coverages i.e. the plan can be purchased for covering individual life as well as the entire family. Thus, the plan offers individual coverage and family floater coverage.
The plan offers coverage of 142-day care expenses.
Comprehensive policy: the Arogya plus policy is a comprehensive health insurance plan that covers not only hospitalization expenses but also covers the pre-hospitalization and post-hospitalization expenses.
The Arogya plus policy offers multiple sum insured options to its customers. The customers can choose a sum insured ranging between Rs 1 Lakh, 2 Lakhs or 3 Lakhs depending upon their health care needs
The SBI Arogya Plus Plan offers not only healthcare protection but also offers tax exemption. The premium paid towards the policy can be claimed for IT exemption under Section 80D of the Income Tax Act.
The plan offers to cover for the out-patient treatment expenses.
SBI’s health insurance plans are comprehensive health insurance products that offer holistic coverage. The Arogya Plus Policy is one of the most popular health insurance policies in India as it covers most of the expenses incurred during a medical emergency. Following is a comprehensive list of expenses covered under the SBI Arogya Plus Policy:
Apart from offering coverage for most of the medical expenses the plan, however, has few major exclusions for which the benefits under the plan shall not be paid:
Thus, above is a non-exhaustive list of exclusions. It is recommended to refer the official policy wordings to get a full list of major exclusions.
The eligibility criteria is an important factor to be considered before buying the SBI Arogya Plus Plan. Following table showcases the eligibility criteria of the plan
Particulars | Details |
---|---|
Minimum Age at Entry | 3 months and above |
Maximum Age at Entry | 65 Years |
Maximum Age of Exit | No Bar |
Coverage | Individual and Family Floater |
Members Covered | Self, Spouse, Children (Maximum 2 Children), Parents and Parents in-law. |
Sum Insured | Rs 1 Lakh, Rs 2 Lakhs, and Rs 3 Lakhs |
Tenure of Plan | 1 Year, 2 Year or 3 Years for Individual Coverage Only 1 Year for Family Floater Plan |
Here is a detail list of documents required to buy SBI Arogya Plus Plan:
Conclusion
SBI Arogya Plus Policy is a holistic health insurance product designed to cover for the expenses incurred during a medical emergency. The plan offers wide coverage at a minimal premium amount.