LIC Premium and Maturity Calculator

SBI Arogya Premier Health Insurance Plan

SBI Arogya Premier Health Insurance Plan - The SBI Arogya Premier Policy is designed for high net worth individuals. It offers a much wider medical coverage option that lets these individuals from top medical experts. In addition to standard western medicine, it also offers coverage against the traditional AYUSH (Ayurveda, Yoga, Unani, Siddha and Homeopathy) forms of medical treatment. These alternative treatments have to be undertaken in a government hospital or one accredited by the Quality Council of India or the National Accreditation Board on Health that was set up by the Quality Council accreditation and related programmes for the healthcare sector.

The Arogya Premier Policy offers guaranteed security and peace of mind to the individual as he can take the policy for himself as well as his family. SBI has gone ahead and loaded the policy with numerous benefits such as a hassle-free buying process, a relaxed age limit, health checkups at regular intervals, tax savings, accumulated bonus option, and coverage over a large number of illnesses and diseases. Listed below are the essential features of the plan:

  • Widest coverage in policies starting from Rs. 10,00,000 and going up to Rs. 30,00,000
  • Comes in Individual / Family and Floater options. Family includes the insured, his or her spouse, children, parents and parents-in-law for the family plan. Family floater includes the self, the spouse and dependent children up to the age of 23 years
  • Minimum and maximum age of entry are 3 months and 65 years
  • No medical tests are required for people aged 55 years or below and who have no medical history
  • Can be taken for a tenure of 1, 2 or 3 years. Offers a discount of 5% for the 2 year cover and 7.5% for the 3 year term
  • Pre and post hospitalization expenses covered for 60 and 90 days respectively
  • Maternity expenses are covered after the initial period of 9 months after taking the policy
  • Insures against 142 day care expenses and even organ donor expenses
  • An SBI health insurance claim covers ambulance costs (including air ambulance) up to Rs. 1,00,000
  • Cumulative bonus of 10% of Sum Assured for each claim-free year, subject to a maximum of 50%
  • Reimbursement of health check-up benefits up to Rs. 5,000 if no claims are made for 4 years
  • Automatically reinstates the full Sum Assured without the need for additional premium if the amount is any way reduced due to a claim
  • Provides tax deduction under section 80D of the Income Tax Act
  • Has a grace period of 30 days from end of policy term for renewing the cover.