SBI Life launches Health Insurance Plan - ‘Hospital Cash'

SBI Life Insurance has launched health insurance plan ‘Hospital Cash'. The plan provides fixed daily allowance to the insured for every day of hospitalisation.

Salient Features of Hospital Cash
1- Hospital Cash's daily hospitalisation cash benefit is available for a fixed policy term of three years and offers the flexibility of premium payment options, with collection on a yearly, half-yearly or quarterly basis.
2- It provides policyholders with a 100 per cent fixed payout from the first day of hospitalisation without any deductions.
3- The cover can be renewed till the age of 75 years.
4- In case the insured person is admitted into an ICU, the amount receivable by the policyholder is twice that of the Hospital Cash's regular cash benefit.
5- An additional fixed lumpsum of Rs 10,000 is payable to policyholders covering two or more family members under the plan in case the insured person is admitted to the ICU.
6- The product would also be made available for subscription online.