SBI Life Insurance has launched its first Group Health Insurance Plan for State Bank customers called the Criti9. The name of the PLan itself suggests that it offers coverage for 9 major Critical diseases heart-attack, cancer, stroke, coronary artery bypass surgery, kidney failure, major organ transplant, multiple sclerosis and heart valve surgery.
The plan has the following eligibility criteria:
Age: The minimum & the maximum entry age for the account holders should be 18 & 55 years respectively.
Maturity Age: The Maturity age of the Plan is 65 years, the customers can renew the policy till the age of 65
Sum Assured: The Minimum & the maximum coverage amount is Rs. 25,000 & 5 lakh respectively.
Term: The minimum & the maximum term of the plan is 2 years & 5 years respectively.
