SBI Life Arogya Shield Plan
- Combination Plan
- Hospitalization Cover
- Discount on Premiums
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.
SBI Life Arogya Shield Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 70 years
Minimum term - 5 years Maximum term - 40 years
Basic Sum Assured: ₹20L to ₹2.5 Cr
The policy loan is not available under SBI Life Arogya Shield Plan.
Yearly and Monthly
Let's understand how the SBI Life Arogya Shield Plan works with a simple premium illustration.
Mr Vicky, a 30-year-old corporate employee, is looking for a term plan that offers life and health insurance under the same plan.
His financial advisor advised him to buy the SBI Life Arogya Shield Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Arogya Shield Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,173/month | ₹14,076/year | 30 years | ₹4,22,280 | ₹1 Crore |
Key Takeaways: If Mr Vicky passes away during the policy term, a sum assured equal to ₹1 Crore will be paid to the nominee.
Here are the benefits associated with the SBI Life Arogya Shield Plan
SBI Life Arogya Shield is a combi product combining multiple insurance needs, such as life and health insurance, into one plan.
SBI Life Arogya Shield term plan offers a death benefit of 105% of the sum assured on the death of the policyholder due to other than accidents during the waiting period.
SBI Arogya Shield term policy offers comprehensive coverage of various hospitalization covers.
The plan offers an additional discount of 5% on health and life Insurance premiums.
The plan offers cashless claims for health insurance, and customers find this plan hassle-free and trustworthy.
If the policyholder buys Arogya Shield plan they are eligible for tax benefits under section 80C of the tax laws of the nation.
You can add the following riders to your SBI Life Arogya Shield Plan:
Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Riders cover the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Here is the list of exclusions associated with the plan:
SBI Life Arogya Shield term insurance plan 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. If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
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Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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