7- SBI Life Insurance Co. Ltd - Critical Illness Insurance
	Health Products: Financial planning is incomplete without planning health insurance. Due to today’s hectic lifestyle, improper diet, lack of exercise we are at higher risk of contingencies of untimely serious illnesses. Sudden health problems could have deep hole in your pockets. Medical science has advanced by leaps and bounds in the last few decades. There’s a definite need to cover for health insurance to reduce the financial burden. SBI Life - Group Criti9 (UIN No: 111N050V01) SBI Life - Group Criti9 is a traditional non participating Group Health Plan. This plan provides protection against 9 critical illnesses where Sum Assured is paid in lump sum on diagnosis of any one of covered critical illnesses. So provides you money at time when you need it most. Key Features: Simultaneous safety and protection against 9 Critical Illnesses Simplified joining process Guaranteed renewability till 65 years of age Tax benefit under section 80D of IT Act#, 1961 # Applicable when premiums are paid by the insured members. Subject to change in the tax laws. Please consult your tax advisor for details. Critical Illnesses covered: Cancer Heart Attack (Myocardial Infraction) Stroke Coronary Artery Bypass Surgery Kidney Failure (End Stage Renal Disease) Major Organ Transplant Coma Multiple Sclerosis Heart Valve Surgery Benefits Unique product - Single Premium Group Health Plus Insurance Plan Lump sum Payment on diagnosis of any covered Critical Illnesses 24/7 Worldwide coverage Tax Exemption for premium paid under the Income Tax Act, Section 80 D Critical Illnesses covered: Cancer Heart Attack (Myocardial Infraction)  Stroke Coronary Artery Bypass Surgery Kidney Failure (End Stage Renal Disease) Major Organ Transplant Coma Multiple Sclerosis Heart Valve Surgery Eligibility: This plan is offered to different groups like employee-employer relationship, credit life groups, customers of bank / financial institutions, depositors groups etc. SBI Life will issue a Group Master Policy to the Group Master Policyholder based on details contained in the proposal form. Group Members may be enrolled either on a voluntary or compulsory participation basis as decided by master policyholder Group Size: Minimum 50 members Age: Entry from minimum age of 18 yrs till the maximum age of 55 yrs. Sum Assured : Sum assured can be selected in the following ways: Uniform for all members As a multiples of salary As grade wise cover Minimum sum assured is Rs. 25,000/- and maximum sum assured is Rs. 500,000/-. Benefits: Sum Assured is payable in one lump sum on diagnosis of any one of covered critical illness provided: Survival for a period of 30 days after the date of diagnosis Submission of necessary documents Waiting Period: The insured member can avail the benefits after 90 days of the date of commencement or date of revival Other Policy Details: Nomination is compulsory Level Premiums payable annually in advance for the cover term. Cover Term: Minimum of 2 yrs and maximum of 5 yrs Cover can be renewed till 65 yrs of age subject to max cover term of 5 yrs and premium rates / age are reviewed at the time of renewal. Grace period of 30 days on annual renewal date Revival facility is available within 6 months from the first unpaid premium due date