ICICI Lombard Health AdvantEdge policy

 What is ICICI Lombard Health AdvantEdge policy?

No one plans to fall sick but most people will need medical care at some point in their life. Right from the first doctor’s visit, to the lab tests, and pharmacy bills, the mounting expenses pertaining to full treatment can be burdensome. To help you in your illness and wellness journey, ICICI Lombard's Health AdvantEdge is a holistic policy designed to cater to your healthcare needs at all stages.

This policy is one of the few healthcare products that offers all-round wellness and preventive care benefits. Some of the value-added services under the Wellness program include reward points for inculcating healthy habits. Under this cover, the policyholder can also avail services such as video/tele consultation, pharmacy and diagnostic services, online chat with doctors, second opinion, and more.

The policy also has benefits such as pre-existing disease cover flexibility, domestic and air ambulance and convalescence benefit. It provides an additional cover against 20 critical illnesses including cancer. These add-ons also include maternity insurance for both mother and the newborn baby for SI above 5 Lakhs.

Top reason to buy ICICI Lombard Health AdvantEdge policy :

Restore benefit for sum insured	Guaranteed cumulative Bonus
24x7 video/telephone consultation	Convalescence benefit
Health rewards	Pre-existing disease coverO
Domiciliary hospitalization	Domestic Air Ambulance
Personal accident	Maternity cover
New born baby and vaccine cover	Bariatric surgery cover

Why should you buy a health insurance policy for yourself and your family?

Medical costs are skyrocketing:

They are high today and will be higher in the near future. A family floater health insurance is a smart way to safeguard your savings during a medical emergency.

Employer provided health policy is not enough :

A health cover provided by your corporate firm or employer ceases to cover you once you switch the job. Furthermore, you cannot choose coverage or benefits as per your needs. Besides, the sum insured of corporate health plan may not be adequate to cover you and your dependants in case of a medical emergency. Hence, it is recommended to invest in one of the leading family health insurance plans in India that covers your family adequately.

Lifestyle diseases are on the rise :

An unhealthy way of life and work stress have made even the younger generation prone to lifestyle diseases. Thus, the need to have a family health insurance is undisputable even if you are young. The onset of a chronic condition like diabetes may make it difficult for you to buy a comprehensive medical insurance. You may be required to undergo screening and medical check-up. Hence, it is recommended to invest in a family health insurance policy as early as possible. Not only is it affordable but also ensures optimum coverage when you need it most.   

You can save some on family health insurance premium :

By sharing your sum insured, you can smartly insure your entire family under one health plan. This will help in bringing down your health insurance premium significantly. You also do away with the hassle of managing multiple policies and their renewals.

You get tax benefit on health insurance premium :

As per Section 80D of the Income Tax Act, you can avail tax benefit on the health insurance premium. Thus, a health policy not only saves you from breaking the bank during a medical emergency but also helps you to save in taxes. 

What is covered in ICICI Lombard Health AdvantEdge policy?

Inclusions :

• Hospitalisation : Medical expenses incurred during hospitalization for more than 24 hours, including room charges, doctor/surgeon’s fee, medicine bills, etc.
• Health check-up : Available annually, starts from 1st year, up to 0.5% of sum insured, to a max of ₹.10,000.
• Pre and post hospitalization : Medical expenses incurred 60 days prior and 180 days post (provided we have accepted the in-patient claim).
• Domiciliary hospitalization : This should either be because of the unavailability of beds at a hospital or the inability to move the insured to a hospital. This will also cover expenses on Qualified Nurses engaged on recommendation of attending medical Practitioner.
• Day care treatments : The expenses for advanced, technological medical surgeries and procedures requiring less than 24 hours of hospitalization (including dialysis, radiotherapy and chemotherapy).
• Domestic Air ambulance : Air ambulance expenses to transfer you to the nearest hospital for emergency care. Available up to sum insured.
• AYUSH treatment : Expenses for in-patient treatment under Ayurveda, Unani, Siddha and Homeopathy (AYUSH) treatment only when it has been undergone in a government hospital or any institute recognized by the government and/or accredited by the Quality Council of India/National Accreditation Board on Health.
• Organ Donor : Reimbursement of medical expenses for organ donor up to sum insured. This benefit is provided only if the hospitalization claim for organ donation surgery is accepted.
• Wellness program : Redemption of wellness points earned due to healthy behavior through various wellness and fitness activities. You can redeem the wellness points on OPD bills for doctor’s consultation, medicine and drugs, diagnostic expenses, dental expenses, etc.
• Emergency services : Road ambulance expenses for emergency care, telephonic or virtual consultations with a medical practitioner for routine health issues. You can receive the consultation via audio, video, online portal, chat or mobile app. This service is available 24 hours a day, 365 days a year.

Exclusions :

• Any illness contracted within 30 days from the start date of your policy, except those incurred due to an accident. This clause does not apply to the subsequent renewals.
• For the first 2 years, some diseases like cataract, hernia, stone in the urinary system and others will not be covered.
• Any illness or disease or injury or a pre-existing disease before the start of the policy. However, these pre-existing diseases start to get covered if the policy is renewed with us for two consecutive year.

Permanent exclusions : 

• War, civil war or breach of law.
• Naturopathy treatment, acupressure, acupuncture, magnetic and other such therapies.
• Treatment taken outside the country.
• Any expenses arising out of domiciliary treatment.

SBI LIFE – POORNA SURAKSHA

 Let affection of your loved ones be felt at all times

• Term Insurance Plan with Increasing Critical Illness Cover
• Premium waiver benefit on diagnosis of Critical Illness
• Fixed premium throughout the policy term
• Non-linked Term Insurance Plan with In – Built Critical Illness Cover

SBI LIFE – POORNA SURAKSHA

If your needs change with age, Why shouldn’t your financial planning? 

With SBI Life – Poorna Suraksha Plan, auto-rebalance Life and Critical Illness cover as you age, for more effective protection.

This Term Insurance product with Critical Illness cover offers:

• Security - Comprehensive protection in case of death and critical illness
• Simplicity - Re-balances your life and critical illness cover on every policy anniversary
• Reliability - A lump sum payout providing financial support in case of diagnosis of any of the covered 36 critical illnesses and waiver of all future premiums.

Features:

• Life stage rebalancing
• Comprehensive critical illness coverage
• Waiver of premium on diagnosis of Critical Illness
• Fixed premium throughout the term of the policy

Plan Benefits:

Life Stage Rebalancing:

The ‘LifeStage Re-balancing’ feature rebalances cover between Life Cover and Critical Illness (CI) Cover. At policy inception, the Basic Sum Assured would be split between Life Cover Sum Assured (SA) & CI Sum Assured (SA) in the proportion of 80:20 respectively. There would be an increase in CI SA on each subsequent policy anniversary, as mentioned in table below. The increase will be as a percentage of initial CI SA, based on chosen policy term.

The decrease in Life Cover SA would be equal to the increase in CI SA. The change in sum assured would happen only on policy anniversary. The total basic sum assured (Life Cover SA + CI SA) would remain the same throughout the policy term.

Life Cover:

In the unfortunate event of death of the Life Assured, Effective^ Life Cover Sum Assured, as on date of death will be paid. Critical Illness (CI) Benefit

Effective^ Critical Illness Sum Assured will be paid, on the diagnosis of covered critical illness. The CI Benefit will be paid only once and will cease once the benefit is paid.

Survival Period for Critical Illness Benefit :

 The Critical Illness Benefit is payable only after survival period of 14 days from the date of diagnosis of the covered critical illness. In other words, Critical Illness benefit is not payable if the life assured dies within 14 days from the date of diagnosis of the covered critical illness.

Waiting Period for Critical illness benefit :

There is a waiting period of 90 days from the date of commencement of risk or reinstatement whichever is later and no Critical Illness benefit will be payable, if the claim has occurred during the waiting period. N.B. – Please refer Product Brochure for definitions of 36 Illnesses covered and their exclusions.

Premium Waiver Benefit:

Once a claim under CI is accepted by the Company, all future premiums for the policy will be waived for the rest of the policy term, from the date of diagnosis of the medical condition. The remaining policy benefits shall continue throughout the policy term. The Life Stage Rebalancing will cease to exist once premiums are waived off and the Effective^ Life Cover SA will remain constant from thereon.

Maturity Benefit:

No maturity benefit available under the plan.

Avail tax benefits :

Effective sum assured is the sum assured applicable for the policy year in which the insured event occurs.

ICICI Pru Term Insurance Plan

 

What is a Term Plan?

Term Insurance plan is a simple and pure risk cover form of life insurance. It provides financial protection to your family against a fixed premium paidfor a specified term. You can get a large amount of term insurance cover (sum assured) at affordable premiums. The nominee receives the term insuranceamount in case of death of the policyholder.

When should I buy a term plan?

The earlier you buy a Term Plan, the better it is as the premiums are lower when you are young. Also, with current lifestyles and increasing instances of illnesses, it may become difficult to get a term plan

later, as you grow older.

Who should buy a term plan?

Parents

If you have children or dependent adult family members and are responsible for paying for their

needs and upkeep then you must buy a term plan.

Young individuals

The premium for term insurance increases with age. So it makes smart sense for young

professionals without financial liabilities to buy term plan early & this way they get lower premium rates and the rates will not increase over time.

Newly married couples

A term plan can help you create a financial safety net for your growing family so that their dreams are

never compromised, even when you are not around.

Home loan repayment

In case of an unfortunate incident, the responsibility of paying the outstanding loans should not fall on

your loved ones. In case of your unfortunate demise, the death benefit payout from the term plan

can be used by your family to repay your loans.

How much term insurance cover do I need?

The term insurance cover you need depends on your current annual income. We recommend that a term

insurance cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family. If budget is a problem, you can go for a monthly premium payment option over a yearly commitment. However, it is important to have a sufficient term insurance cover so that your family's financial security is not compromised. A term insurance premium calculator

will help you in choosing the term insurance cover well suited to your budget.

What is limited pay option?

With the limited pay option, you can pay premiums for a specific pre-agreed period of time (5, 7 or 10 years) and enjoy the term insurance cover for the whole policy duration, irrespective of the premium payment period. You can save up to 65%* over the entire policy duration with this option.

Which payout option should I choose?

Our Term Insurance Plan has four payout options:

1. Lump sum - 

The entire life cover is payable as a lump sum (single payment).

2. Regular income - 

10% of the life cover is payable every year for 10 years. This is paid in equal monthly installments.

3. Increasing Income - 

The life cover is payable in monthly installments for 10 years starting with 10% of the life cover in the first year. The income amount will increased by 10% per annum thereafter.

4. Lump sum + Income - 

You have the flexibility to split the life cover amount that you want your nominee into two parts - one part of the life cover as a lump sum and the remaining life cover will be paid in equal monthly payments for 10 years. 

What are the benefits of a term insurance premium calculator?

1. Flexibility to customise - The term insurance calculator gives you the flexibility to design your term plan as per your needs. You can pick and choose your own life cover amount, choose to strengthen your coverage by adding riders, choose the premium payment term and payout method as per your financial plan.

2. Efficient - The term insurance premium calculator can generate a customised quote for you within 2 minutes And all of this is free of charge.

Claim Settlement Process :

Step 1 :

Report Claim You can report your claims online, at our branches, at our central office, on our central ClaimCare helpline, through SMS or e-mail.

Step 2 :

Process, Our special ClaimCare team will assess your claim, and inform you in case any further documents need to be submitted.

Step 3 :

Settle, Once your claim is intimated. and we receive all the relevant documents, we will settle your claim.

SBI General Car Insurance

Private Car Insurance Policy - Package

• 6973 Cashless Garages
• Motor Claim Settlement Ratio 98% FY- 2022- 2023
• Strong Technical Team of about 373 SBIG Members
  & Claims Team Spread across 106 locations Pan India
• Claim Intimation, Status Tracking & Document
  Submission through Mobile App & WhatsApp
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• Protect Your Dream Car With a Comprehensive Car Insurance 

• Key Benefits :

• Accidental Damage to Vehicle : 

• Coverage against loss or damage to the vehicle or its accessories due to fire, explosion, self ignition, accidental damage, and various other man-made or natural calamities.

• Third Party Liability : 

• Coverage against third party liability in case of injury/death of any third party or damage caused to third party property by the insured vehicle.

• Personal Accident to Owner Driver : 

• Compulsory personal accident cover of ₹15 lakh for individual owners of the vehicle while driving.

• No Claim Bonus : 

• In case you do not make any claim for a particular year, you get rewarded with a No Claims Bonus (NCB) in the form of discount while renewing your policy.
  

  
  

• Why Private Car Insurance Policy - Package?

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• Secure Your Car & Make Your Drives Stress-Free : 

• SBI General’s Private Car Insurance Policy - Package is a comprehensive car insurance plan that provides exhaustive coverage and safeguards you and your vehicle in case of any mishaps while on the roads. Moreover, this policy also insures you against third party liabilities, thereby making your drives stress-free.

• Who Can Buy This Policy?

• As per the Motor Vehicles (Amendment) Act, 2019, a third party liability policy is mandatory for vehicle owners to be able to drive their vehicles on Indian roads. However, for better and enhanced protection, it is advisable to opt for comprehensive car insurance as it covers own damage along with third party liabilities.
• All Indian vehicle owners can purchase SBI General’s Private Car Insurance Policy – Package and secure their vehicle from any mishaps.

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• Highlights : 

• Major Benefits : 

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• • Compulsory third party liability with personal accident cover
  • Multiple covers with additional premiums: NCB, key replacement cover, bi-fuel kit, loss of belongings
  • Legal liability for paid driver and employees
  • Nil depreciation
  • Return to invoice

• What’s Covered : 

  We offer motor insurance cover for private cars in the following cases:
  • Third party liability in case of injury/death of the person, or any damage caused to the property of the third party
  • Loss or damage to your car due to fire, self-ignition, accidental damage, explosion
  • Your car is covered against natural disasters like lightning, earthquake, hurricanes, cyclones, landslides, etc.
  • Personal accident cover up to Rs 15 lakh for individual owners while driving. Passengers can also get coverage up to Rs 2 lakh per person
  • Coverage for CNG/LPG bi-fuel kit

  What’s Not Covered :

• We do not offer coverage for damage, theft or loss due to incidents related to the war, invasion, foreign enemy acts, mutiny, rebellion, etc. Any claims made must be proved to be an act not related to any of these conditions
• Driving without a valid licence
• Driving under the influence of drugs and alcohol