Comparison between LIC’s 'Jeevan Arogya' & SBI Life’s 'Hospital Cash'

Benefits
Both the plans are fixed benefit plans but LIC’s Jeevan Arogya gives more benifts then SBI Life’s Hospital Cash.
Benefits offered under LIC’s Jeevan Arogya are
1. Hospital cash benefit (HCB)
2. Major Surgical Benefit (MSB)
3. Day Care Procedure Benefit
4. Other Surgical Benefit
5. Ambulance Benefit
6. Premium waiver Benefit (PWB)
Benefits offered SBI Life’s Hospital Cash are
1. Daily Hospitalization Cash Benefit (DHCB)
2. Intensive Care Unit (ICU) Benefit
3. Family Care Benefit

Daily Hospitalisation Benefit
SBI Life’s Hospital Cash plan gives fixed daily allowance to the policy holders for every day of hospitalisation, irrespective of the hospital bill amount. But one can only claim maximum 100 days of regular hospitalization in an year.
Under LIC’s Jeevan Arogya, the policy holders can claim, daily allowance for 30 days in first year, 90 days per year thereafter, inclusive of stay in ICU. Maximum number of days in ICU is restricted to 15 days in first year and to 45 days thereafter. Maximum Benefit in life time - 720 days inclusive of stay in ICU. Maximum number of days in ICU is restricted to 360 days

Pre-Existing Diseases
Both SBI Life’s Hospital Cash and LIC’s Jeevan Arogya plan covers pre-existing diseases after 2 years.

Hospitalisation at (ICU)
SBI Life’s Hospital Cash plan, will be available for 50 days each year of the policy tenure.
But when policyholder is admitted in ICU, he will receive an amount twice that of DHCB. Maximum hospitalisation is also restricted (at ICU) to 50 days in a year.
LIC’s Jeevan Arogya provides 360 days of intensive care hospitalisation for the entire policy period. Maximum number of days in ICU is restricted to 360 days

Major Surgical Expenses
Jeevan Arogya provides health insurance cover against certain specified health risks. It also covers major surgical expenses too.
SBI Life’s Hospital Cash plan, on the other hand, does not have specific cover for surgical expenses. Surgical expenses will be covered under standard hospitalisation Benefit

Entry Age
For LIC's Jeevan Arogya, the maximum age for entry is and the maximum is 65. Each of the insured are covered for Health risks up to age (80)
SBI Life’s Hospital Cash Maximum age 65 but the risks are covered upto 75 Years.

Group Rebate
SBI Life’s Hospital Cash –
No Rebate for Jeevan Arogya Plan.

Premium
SBI Life’s Hospital Cash
LIC’s Jeevan Arogya
Additional Benefits
SBI Life's Hospital Cash, also provides an additional fixed lump sum of Rs 10,000 which is payable to policyholders covering two or more family members under the plan. Bonus upto 40% of enhanced sum assured without increase in premium, discount of 2.5% on premium on renewal of policy, family rebates up to 10% and premium guarantee for three years are other features of the plan.
LIC's Jeevan Arogaya provides additional benefits like Major Surgical Benefit (MSB), Day Care Procedure Benefit, Other Surgical Benefit, Ambulance Benefit and Premium waiver Benefit (PWB).

Bottom Line
Please don’t buy both these policies by ignoring your existing health insurance/mediclaim policy. Buy only as a add on to existing health insurance policy. Out of these two - Jeevan Arogya is a comprehensive non-linked health insurance plan where as SBI Life’s product is not a comprehensive one.