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Corona Rakshak Policy, SBI Life Insurance Co. Ltd.
UIN: 111N111V01
Product Code: 2L
Corona Rakshak Policy, SBI Life Insurance Company Ltd. provides for a lump-sum benefit payout, equal to 100% of Sum Insured, on hospitalization for a minimum continuous period of 72 hours, on positive diagnosis of COVID. This is a one time benefit applicable for the entire term of the policy. This product is also available for sale online
Key Features :
- 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
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 Gender
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 |
NW/2L/ver1/02/22/WEB/ENG
*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. For further details click here. Please consult your tax advisor for details.