Wednesday, 28 April 2021

SBI Corona Rakshak Policy Details & Online Registration

SBI Corona Rakshak Policy 

SBI Corona Rakshak Policy is launched by the State Bank of India the leading bank in India 

The persons who want a hospitalization cover for COVID-19 decease can purchase this policy and make themself under cover of the policy. This policy is more benefit able and flexible to purchase. Three types of coverage period is given by the bank. The Attractive feature of this policy is lowest premium.

Avail the benefits of Corona Rakshak Policy, SBI Life Insurance Co. Ltd. This Plan Provides the following benefits:

Simplicity - by providing easy enrollment and payout process

Security - lump sum payout

Flexibility - Choose your policy term from 3.5 months (105 days), 6.5 months (195 days) or 9.5 months (285 days).

Affordability –through reasonable premium

SBI Corona Rakshak Policy 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

Affordability

A perfect fit in your financial planning with reasonable premium

SBI Corona Rakshak Policy Details & Online Registration


SBI Corona Rakshak Policy Key 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.

Who can buy SBI Corona Rakshak Policy:

A person who are above 18 years and below 65 years can purchase SBI Corona Rakshak Policy.

Maturity Age: 66 Age

Premium will be from Rs 156.50/- up to Rs 2230/-

Total Premium shall be paid at single time

Policy Term is devided in to 3 types 

1) 3.5 Months(105 days)

2) 6.5 months(195 days)

3) 9.5 months(285 days)

SBI Corona Rakshak Policy Benefits

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

Tax Benefits with SBI Corona Rakshak Policy

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. You may visit our website for further details here. Please consult your tax advisor for details.


UIN: 111N111V01

Product Code: 2L


SBI Corona Rakshak Policy Details


SBI Corona Rakshak Policy Calculate Premium and Buy Online


Download SBI Corona Rakshak PDF Brochure


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