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Corona Rakshak Policy, SBI Life Insurance Co. Ltd.
UIN: 111N111V01
Product Code: 2L
Add Immunity to your Finances
- Simplified issuance with no medical examination.
- Easy payout
Will you be prepared when the unexpected happens?
- Simplicity - by providing easy enrolment and payout process
- Security - lumpsum payout
- Flexibility - Choose your policy term from 3.5 months (105 days), 6.5 months (195 days) or 9.5 months (285 days).
- Affordability –through reasonable premium
Try our premium calculator below and let us help you prepare to defeat corona.
Highlights
Individual, Non-linked, Non-participating, health insurance Pure Risk Premium product
This is how 35-year old Ashish will be financially prepared against Corona
Name:
DOB:
Gender:
Male Female Third GenderKerala Resident:
Yes No
Sum Assured
Premium frequency
Premium amount
(excluding taxes)
Policy Term
Features
- 100% lumpsum pay-out benefit of Sum Insured.
- Simplified issuance with no medical examination.
- Choose your policy term from 3.5 months (105 days), 6.5 months (195 days) or 9.5 months (285 days).
- Cover starts with a Minimum Premium of Rs 156.50 and upto Maximum Premium of Rs 2,230.
Advantages
Simplicity
- Easy and hassle free issuance process
- Claim payouts are independent of the nature/ amount of expenses incurred
Flexibility
- Choose your policy term from 3.5 months (105 days), 6.5 months (195 days) or 9.5 months (285 days).
Security
- Ensure your financial security through lump sum payout
- A perfect fit in your financial planning with reasonable premium
On positive diagnosis of COVID requiring hospitalization for a minimum continuous period of 72 hours:
| Events | How and when Benefits are Payable | Size of such benefits/policy monies |
| Hospitalization |
On hospitalization for a minimum continuous period of 72 hours, on positive diagnosis of COVID. The positive diagnosis of COVID shall be from a government authorized diagnostic centre. |
Lump sum benefit equal to 100% of Sum Insured shall be payable and the policy terminates |
| Death | No death benefit available | Nil |
| Maturity | No maturity benefit payable | Nil |
| Surrender | No surrender benefit | Nil |
| Lapse | No lapse benefit | Nil |
2L.ver.01-07-20 WEB ENG
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
*Tax Benefits:
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.