The plan provides for Life Cover, Savings and female specific critical illness benefits. It also provides optional benefits of Additional Pregnancy Complication, Congenital Anomalies (APC & CA) and child birth related abnormalities, as also other illnesses.
The plan also has an in-built premium waiver benefit which would waive all the future premiums in case the life assured is diagnosed with any of the covered Major Stage critical illnesses. The ‘SBI Life – Smart Women Advantage’ plan has two basic options to choose from – Gold Plan and Platinum Plan.
Contingencies covered under the Gold Plan include:
- Death
- Female Specific Critical Illnesses as listed below:
- Minor, Major and Advance staged female specific cancer of Breast, Cervical, Uterus, Ovaries, Fallopian Tubes and Vagina
- Systematic Lupus Erythematosus (SLE)
- Third Degree Burn
- Severe Rheumatoid Arthritis
- Severe Osteoporosis
Contingencies covered under the Platinum Plan include:
- Death
- Female Specific Critical Illnesses as listed below:
- Minor, Major and Advance staged cancers including female specific cancers listed above
- Systematic Lupus Erythematosus (SLE)
- Third Degree Burn
- Severe Rheumatoid Arthritis
- Severe Osteoporosis
- First Heart Attack – of Specified Severity
- Open Chest CABG
- Open Heart Replacement or Repair of Heart Valves
- Angioplasty
Key highlights of ‘SBI Life – Smart Women Advantage’ plan:
- Single plan provides Life Cover, Savings and female specific Critical Illness benefits
- Optional benefits of Additional Pregnancy Complications and Congenital Anomalies
- In-built premium waiver benefits in the event of Major Stage Critical Illness
- Tax benefits# u/s 80D & u/s 80C of the Income Tax Act for premiums paid towards health benefits & life cover respectively under the policy
With the ‘SBI Life – Smart Woman Advantage’ plan one can avail Tax benefits# u/s 80D & u/s 80C of the Income Tax Act for premiums paid towards health benefits & life cover respectively under the policy.