SBI Health Insurance for senior citizens protects their hard earned savings from draining due to any unforeseen medical emergency or mishappening. SBI Health Insurance for Senior Citizens is a unique plan that protects their retirement funds and provides the policyholder with a well-equipped health insurance policy that covers all necessities.
Investing in SBI medicalim for senior citizens gives you the confidence to find the best medical care available across the country without having to rely on any third person for help. With around 6000+ Network Hospitals and approx 15000 Cr Health Insurance Claims Handled, SBI is one of the best options to buy a plan for senior citizens.
Key Benefits of SBI Health Insurance for Senior Citizens
SBI Health Insurance plans for senior citizens is a popular choice amongst customers for senior citizen insurance needs. Let us take a glimpse into the company's performance and key features that will help you to analyze the company. Here are the key benefits of buying SBI Health Insurance for senior citizens:
Varied Sum Insured Options SBI Health Insurance for senior citizens offer multiple sums insured options, from Rs 10 lakh to Rs 30 lakh INR. Both individuals and families are covered under these policies.
Cumulative Bonus Benefit SBI mediclaim for senior citizens offer 10% cumulative bonus for every claim-free year which goes up to a maximum of 50%.
Free Health Check-up Under SBI mediclaim for senior citizens offers free health check-up to the policyholders. After every four claim-free years health check-up expenses are covered. Moreover, you an avail cashless claims available at more than 6000 network hospitals across India.
Tax Benefits Avail tax benefits under SBI Health Insurance for Senior Citizens. Tax exemption under Sec 80D of the Income Tax Act
Senior Citizen Plans Offered by SBI Health Insurance
SBI Health Insurance offers a comprehensive senior citizen plan that offers high coverage options and benefits that make the life of senior citizens chaos free.
A standard health insurance plan that comes with a coverage of 10 Lakhs. Moreover, the plan comes with a 5% Co-pay, applicable on all the admissible claims.
SBI Loan Insurance policy helps you to repay your outstanding loan in case you are a victim of any of the listed 13 critical illnesses/accidental death/unemployment.
Inclusions of SBI Health Insurance for Senior Citizens
A health insurance plan for senior citizens offers complete coverage to help you take care of hefty medical bills. Here’s a quick look at the coverage that you can expect from the Senior Citizen Health Insurance Plan by SBI.
Hospitalization expenses including room rent, doctor’s consultation charges, ICU, etc.
Pre- and post-hospitalisation expenses
Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy (AYUSH) treatment costs
Mental health treatments
Hospitalization as well as pre-and post-hospitalisation expenses incurred by organ donor
Internal congenital diseases
Ambulance charges.
Exclusions of SBI Health Insurance for Senior Citizens
The below medical expenses are excluded under SBI Health Insurance for senior citizens:
Medical treatments done outside the geographical limits of the policy, i.e. outside India
Injuries or treatments required due to nuclear material/activity and war or war-like situations
Hospital admission are done solely for rehabilitation, rest, or investigation
Refractive law
Expenses for cosmetic surgery, plastic surgery or change of gender surgery
Treatments arising from situations involving breach of law
Infertility and sterility
Claims for unproven treatments
A standard health insurance plan for senior citizens will have an initial waiting period of 30 days (excluding accidents). There will be another waiting period of 48 months for pre-existing diseases and 90 days to 12/24 months for specific illnesses depending on the product opted.
SBI Health Insurance Network Hospital List
SBI Health Insurance Network Hospitals are present in 31 states across the country. With a wide network of hospitals, SBI Health Insurance ensures that you are medically safe regardless of the city you live in.
The plan offers coverage against 13 critical illnesses & financial support irrespective of the actual medical expenses, & comes with two policy tenures enabling customization.
Unique Features
Entry Age upto 65 years
Free-look period of 15 days
Coverage of up to 10 Lakh
Critical Illness Plan (Pros)
Covers 13 CI
Cancer Care
Kidney Failure
Organ Transplant
Stroke
Critical Illness Plan (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Critical Illness Plan (Other Benefits)
High SI
Paralysis
Coma
2 Plan variants
Blindness Cover
Critical Illness Plan (Eligibility Criteria)
Entry Age - 18 Years
Max Entry Age - 65 Years
SI - 3 L to 10 L
Waiting Period - 30 Days
Hospital Daily Cash
SBI Hospital Daily Cash Insurance Policy
The policy provides a fixed amount to the claimant for each day of hospitalization and expenses like traveling, food, and much more.
SBI Loan Insurance policy helps you to repay your outstanding loan in case you are a victim of any of the listed 13 critical illnesses/accidental death/unemployment.
SBI Health Insurance Plans for Senior Citizen: FAQ's
1. Is it possible for senior citizens to be included in a family floater health insurance plan?
Yes, SBI Family Floater Plan allows senior citizens can be included for coverage. The age limit for entry is 65 years and the age limit for the Arogya Top Up Policy has been extended up to 70 years.
2. Do I get tax benefits under SBI Health Insruance plans for senior citizens?
Yes, policyholders do get tax benefit under Section 80D of the Income Tax Act, 1961.
3. Do I need to undergo pre-policy medical check up for SBI Health Insurance Plans for Senior Citizens?
Yes, in case you are an applicant who has crossed the age of 55 years then you have to undergo pre-policy medical check-up.
4. Are there any waiting periods for SBI Health Insurance Plans for Senior Citizens?
Yes, the standard health insurance plan for senior citizens will have an initial waiting period of 30 days, 48 months for pre-existing diseases and 90 days to 12/24 months for specific illnesses.
5. What happens if I forget to pay the premium for SBI Health Insurance Senior Citizen Plan?
Policyholders will get a grace period of 30 days after the policy expiry date during which you can pay your premium. In case you miss out on making premium payments during this grace period, the health insurance policy will lapse.
What Our Customers Have to Say
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Gurgaon
February 26, 2024
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Kolkata
February 16, 2024
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Ranchi
February 16, 2024
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Meerut
February 16, 2024
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Bhopal
February 16, 2024
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Kochi
January 14, 2024
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Indore
May 1, 2023
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Pune
June 7, 2022
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Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.
