Group Loan Insurance Policy

Key Feature

Policy Can be availed for maximum of 5 Years
Coverage for 15 Critical Illness, accidental death or permanent disablement and Accidental Hospitalization
Sum Insured available on fixed or reducing basis

Coverage

SBI General's Group Loan Insurance Policy offers the following covers -

Personal Accident
Critical Illness
Admission Benefit - Accidental Hospitalization

Section I: Personal Accident

This Section Covers:

Accidental Death
Permanent Total Disability
Funeral Expenses
Table of Benefits for Permanent Total Disability:

Table of Benefits
Permanent Total Disability % of Sum Insured
Both Hands or Both Feet 100%
Sight of Both Eyes 100%
One Hand and One Foot 100%
Either Hand or Foot and Sight of One Eye 100%
Speech and Hearing in Both Ears 100%
Either Hand or Foot 50%
Sight of One Eye 50%
Speech or Hearing in Both Ears 50%
Hearing in One Ear 25%
Thumb and Index Finger of Same Hand 25%

Section II: Critical Illness(Optional Cover):

This section Provided the coverage against the 15 Critical Illnesses Listed below:

Cancer of specific severity
Myocardial Infarction (First Heart Attack of Specific Severity)
Open Chest CABG
Open Heart Replacement or Repair of Heart Valves
Coma of Specified Severity
Kidney Failure Requiring Regular Dialysis
Stroke Resulting in Permanent Symptoms
Major Organ/ Bone Marrow Transplant
Permanent Paralysis of Limbs
Multiple Sclerosis with Persisting Symptoms
Blindness
Primary (Idiopathic) Pulmonary Hypertension
Aorta Graft Surgery
Benign Brain Tumor
Motor Neuron Disease with Permanent Symptoms

Incidental Benefit

If claim is accepted under Section II. Critical Illness then additional amount towards incidental expenses as lumpsum payment.is payable.

Section III: Admission Benefit - Accidental Hospitalization

3 EMIs payable if the insured is hospitalized for minimum period of 48 hours due to accidental Injury.

General Exclusions:

Any Pre-existing condition, or its related conditions arising from it will 48 months from the date of inception of policy except any condition as a result of accident.
Breach of law with criminal intent
self-destruction or self-inflicted injury, attempted suicide or suicide.
Nuclear perils; ionizing radiations
Participation in an actual or attempted felony, riot, crime, misdemeanor, or civil commotion

Specific Exclusions:

Specific Exclusions Applicable to SECTION I:

Payment of compensation in respect of death arising from or resulting directly from any Illness to any Insured.

Specific Exclusions Applicable to SECTION II:

Any Critical Illness or covered Disease/Illness/Sickness of which, the signs or symptoms first occurred within ninety (90) days following the first risk inception date. This 90 days period shall not be applicable on renewals to the extent of sum insured under the previous policy.
Any Critical Illness resulting from a physical condition which existed prior to first risk inception date which was not disclosed.
Any claim under for any Insured if the Insured does not survive a period of at least 28 days after the date of occurrence Insured Event.
Specific Exclusion applicable to SECTION III:

1. Any stay in Hospital for an Illness or Injury due to Accident without undertaking any treatment.
Aesthetic treatment, cosmetic surgery and plastic surgery unless necessitated due to Accident or as a part of any Injury.
Any admission for any dental treatment except any dental Surgery or facial reconstruction being performed under Emergency Care due to an Accident.
Hospitalization for the sole purpose of traction, physiotherapy or any ailment for which Hospitalization is not warranted due to advancement in medical technology.
Any treatment taken for Domiciliary Hospitalization.