SBI Loan insurance, SBI General’s Loan Insurance Policy

Hospital Daily Cash Policy overview

Medical check up	No medical check - ups up to Rs.1 Crore and/or 55 years of age
Coverage	Coverage for 13 critical illnesses, accidental death or permanent disablement and loss of job
Policy Term	The Loan Insurance Policy of SBI General is available for up to three years.

The Loan Insurance Policy of SBI General provides the following covers -

Critical Illness
Policy covers 13 critical diseases listed below. Benefit amount will be paid immediately upon diagnosis of any of them subject to policy terms and conditions.
- Cancer
- Kidney Failure (End Stage Renal Failure)
- Primary Pulmonary Arterial Hypertension
- Multiple Sclerosis
- Major Organ Transplant
- Coronary Artery Bypass Graft
- Aorta Graft Surgery
- Heart Valve Surgery
- Stroke
- Myocardial Infarction (First Heart Attack)
- Coma
- Total blindness
- Paralysis
Personal Accident
Policy pays for
- Accidental Death or
- Permanent Total Disability
Loss of employment
- In the unfortunate case of temporary unemployment or dismissal or reduction, a maximum of 3 EMI will be payable

If any of the contingencies occurs during the policy period, compensation will be provided as given below

Death: Exceptional Loan Amount or Sum Insured to reduce SI and Fixed Sum Insured respectively
Accidental Permanent & Total Disability: Outstanding Loan Amount or Sum Insured respectively for reducing SI basis & Fixed Sum Insured
Critical Illness: Outstanding Loan Amount or Sum Insured respectively for reducing Sum Insured basis and Fixed Sum Insured
Loss of Job:Maximum 3 EMIs

Critical Illness

Any pre-existing illness
Any critical illness discovered within 90 days of the policy
Self medication; treatment not administered by a doctor or which is not medically necessary
Congenital illness or defects and/or treatment administered for them
Hormone Replacement Therapy; contraceptive procedures
Gender change or cosmetic surgery or treatment/procedures associated with the same
Self medication; unauthorized treatment

Personal Accident

Payment under more than one category specified i.e Death or Permanent Total Displacement
Any infirmity/conditions existing before the inception of the policy
Persons learning to operate an aircraft or operating as crew or participating in adventure sports including winter sports, hazardous activities and the like
Death or permanent total disability arising out of illness
Venereal diseases or insanity

Loss of Job

Termination, dismissal, temporary suspension or retrenchment due to fraud or dishonesty, poor performance
Businessmen; persons who are self employed
Employees on casual, temporary or contractual basis
Unemployment due to resignation, retirement whether voluntary or otherwise
Unemployment at inception or arising within first 90 days of Inception