The insured has to fulfill the following eligibility criteria to buy the plan.
Eligibility Criteria |
Health Insurance Coverage |
---|---|
Min Age at Entry | 91 Days |
Max Age At Entry | 65 Years |
Min Policy Term | 1/2/3 Years |
Max Policy Term | |
Premium Payment Mode | Single |
Premium Payment Frequency | |
Min Age At Maturity | Life Long on Contionus Renewal |
Max Age At Maturity | |
Min Sum Insured/Assured | 100,000 (Health) - 5,00,000 (Life) |
Who Can Be Covered | Primary Insured i.e. Self+ Spouse and up to 2 Dependent Children |
The plan offers a plethora of benefits mentioned below:
Protection |
Coverage |
Sum Insured/Assured |
---|---|---|
Health Insurance |
Hospitalization Medical emergencies |
Rs 1,00,000, Rs 2,00,000, Rs 3,00,000 |
Life Insurance | Death Cover | Rs 5,00,000, Rs 25,00,000 |
Protection |
Premium Payment Modes |
---|---|
Health Cover | Single Pay |
Life Insurance Cover | Regular Pay |
The plan covers the following under its health insurance cover
The list of waiting periods under the SBI Life Arogya Shield plan is as follows:
List of Illnesses |
Waiting Period |
---|---|
Pre Existing Disease | 48 Months |
Specific Disease | 90 Days /12 Months |
Cataract | 12 Months |
All types of Hernia | 12 Months |
Hypertension | 90 Days |
Diabetes | 90 Days |
Here are a few common exclusions of Arogya Shield by SBI:
SBI Life Arogya Shield Term Policy provides dual protection for health and life insurance, it's an affordable plan that offers additional discounts on premiums. This is a non-participating and non-linked life insurance plan that grants a payout in case of the unfortunate death of the policyholder. Arogya Shield also offers cover for medical emergencies and hospitalization. The concoction of life and health insurance makes the plan demanding among the customers.
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