LIC Jeevan Arogya and SBI Life Hospital Cash

Benefits

Both the plans are fixed benefit plans but LIC's Jeevan Arogya gives more benifts then SBI Life's Hospital Cash.

Benefits offered under LIC's Jeevan Arogya are
1. Hospital cash benefit (HCB)
2. Major Surgical Benefit (MSB)
3. Day Care Procedure Benefit
4. Other Surgical Benefit
5. Ambulance Benefit
6. Premium waiver Benefit (PWB)

Benefits offered SBI Life's Hospital Cash are
1. Daily Hospitalization Cash Benefit (DHCB)
2. Intensive Care Unit (ICU) Benefit
3. Family Care Benefit

Daily Hospitalisation Benefit
SBI Life's Hospital Cash plan gives fixed daily allowance to the policy holders for every day of hospitalisation, irrespective of the hospital bill amount. But one can only claim maximum 100 days of regular hospitalization in an year.

Under LIC's Jeevan Arogya, the policy holders can claim, daily allowance for 30 days in first year, 90 days per year thereafter, inclusive of stay in ICU. Maximum number of days in ICU is restricted to 15 days in first year and to 45 days thereafter. Maximum Benefit in life time - 720 days inclusive of stay in ICU. Maximum number of days in ICU is restricted to 360 days

Pre-Existing Diseases

Both SBI Life's Hospital Cash and LIC's Jeevan Arogya plan covers pre-existing diseases after 2 years.

Hospitalisation at (ICU)

SBI Life's Hospital Cash plan, will be available for 50 days each year of the policy tenure.
But when policyholder is admitted in ICU, he will receive an amount twice that of DHCB. Maximum hospitalisation is also restricted (at ICU) to 50 days in a year.

LIC's Jeevan Arogya provides 360 days of intensive care hospitalisation for the entire policy period. Maximum number of days in ICU is restricted to 360 days

Major Surgical Expenses

Jeevan Arogya provides health insurance cover against certain specified health risks. It also covers major surgical expenses too.
SBI Life's Hospital Cash plan, on the other hand, does not have specific cover for surgical expenses. Surgical expenses will be covered under standard hospitalisation Benefit

Entry Age

For LIC's Jeevan Arogya, the maximum age for entry is and the maximum is 65. Each of the insured are covered for Health risks up to age (80)

SBI Life's Hospital Cash Maximum age 65 but the risks are covered upto 75 Years.

Group Rebate

SBI Life's Hospital Cash –

 

No of policyholders	Rebate %
2	5%
3	7.5%
4	10%

• No Rebate for Jeevan Arogya Plan.
  
  Premium
  SBI Life's Hospital Cash

Insured Age	Sum Insured	Premium (in Rs.)
30 years	200,000	2560
30 years	400,000	3910

• LIC's Jeevan Arogya

Insured Age	HCB	Term Rider	DAB	Premium (in Rs.)
30 years	2000	No	No	3896
30 years	4000	No	No	7292

 

Additional Benefits

SBI Life's Hospital Cash, also provides an additional fixed lump sum of Rs 10,000 which is payable to policyholders covering two or more family members under the plan. Bonus upto 40% of enhanced sum assured without increase in premium, discount of 2.5% on premium on renewal of policy, family rebates up to 10% and premium guarantee for three years are other features of the plan.

LIC's Jeevan Arogaya provides additional benefits like Major Surgical Benefit (MSB), Day Care Procedure Benefit, Other Surgical Benefit, Ambulance Benefit and Premium waiver Benefit (PWB).

 

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