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SBI Life Arogya Shield is a health-plus life combination plan from SBI General Insurance and SBI Life Insurance that offers health and pure term life cover under a single plan. The policy grants security for your family with a standard term plan at an affordable cost. Arogya Sheid offers cashless claims for health coverage and an additional discount of 5% on premiums. The company has designed a brilliant plan that is uncomplicated and has the benefit of both worlds i.e. life and health insurance. Let us explore the full details of the plan in this article:
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
Mrs. Sonam opted for the Arogya Shield, here are the details of the premium paid by her:
Category |
Sum Assured(Rs) |
---|---|
Health | 300,000 |
Pure Term Life | 2,000,000 |
The Policy Term and amount opted for by Sonam
Annual Payment with Lifelong Renewal( Health) |
8,900 |
---|---|
Policy Term Opted |
30 Years |
Annual Premium( Term) |
8,460 |
Combi Product Discount |
868 |
So, the total premium paid by Sonam is :
Total Premium Paid |
16,492 |
---|
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.
You can find other term policies offered by the SBI Term Insurance company in the section below:
Standard Plan
SBI Life Arogya shield is a dual protection plan that covers health along with the life insurance cover. The plan comes with affordable premiums and offers discounts also.
Unique Features
Online Plan
A protection plan offering 3 plan options to choose from along with a Terminal Illness Benefit that allows you to enhance your protection with Riders.
Unique Features
Standard Plan
An Individual, Non-linked Pure Risk premium product, that offers complete protection to the family members.
Unique Features
Standard Plan
SBI Life Smart Shield is a pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance and offers additional riders for enhanced protection.
Unique Features
Rural Plan
A Life Insurance Pure Risk Premium Product. It provides a life cover with a one-time premium payment. It is an affordable plan with surrender benefits.
Unique Features
The plan does not offer any policy loan.
No, this plan does not offer any suicide cover.verage.
The plan offers 15 days as a grace period to the policyholder.
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See More Term Insurance Articles
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Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.
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