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 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 Calculate Premium and Buy Online
Download SBI Corona Rakshak PDF Brochure
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