SBI Life Smart Health Insurance | Benefits | Features

SBI Life – Smart Health Insurance

This plan is designed to take care of every health related expense incurred by you.


  • Annual Sum Assured Rs. 1/2/3/4/5 Lakhs
  • Covers 136 Day care treatments
  • Lump sum payout on all surgical procedures (whether listed in policy document or not).
  • Enhanced sum assured for every claim free year.
  • Fixed premium regardless the no. of claims.
  • 2.5% renewable discount and 10% Family rebate (for no. of family members covered is greater than or equal to 4).
  • Tax Benefits under section 80D.



Payout (as a % of Annual Sum Assured)

Daily Hospital Cash Benefit

1% payable Daily

Daily ICU Benefit

2% payable Daily

Recuperation Benefit

2% payable in lump sum for hospitalization of more than 10 days.

Surgical Benefit* (payable in Lump Sum)

Grade 1


Grade 2


Grade 3


Grade 4


Non Listed Surgeries


Day Care Treatment


*For complete list of surgeries refer policy documents.


Age at Entry

Adult: Min 18 years  /  Max 65 years

Dependent Child: Min 3 months (completed) / Max 22 years

Maximum Age at Maturity

Adult: 70 years

Dependent Child: 27 years

Maximum Age at Renewal

65 years

Fixed Policy Term

5 years, renewable thereafter

Premium Frequency

Yearly / Half-yearly / Quarterly /Monthly

Relationships Covered

Self/Spouse/ Dependent Children^/ Parents & Parents-in-law

Benefit Limits

Type of Benefit

Annual Limit

Life time limit

Daily Hospital cash benefit


ICU benefit

Policy year 1

30% of Annual Sum Assured

3.6 times of Annual Sum Assured

2nd year onwards

100% of Annual Sum Assured

Listed Surgical Benefit + Day Care Benefit

100% of Annual Sum Assured

3 times Annual Sum Assured

Non-listed Surgical Benefit

Payable only for 2 procedures

Payable only for 10 procedures

Recuperating Benefit

Payable for only one time

Payable only for 4 times


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