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Exide Life Sanjeevani - Health Insurance Plan

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What is Exide Life Sanjeevani?

Heart and Cancer related conditions are very common today. While advancement in healthcare has increased the chances of survival from these critical illnesses, the extremely high cost of treatment can be a huge burden on you and your family. That’s where Exide Life Sanjeevani steps in to help you be prepared financially.

Exide Life Sanjeevani is the first fixed benefit health insurance plan offering comprehensive coverage against Heart and Cancer conditions.

3 Reasons to buy this health insurance plan

1 Comprehensive cover for Heart and Cancer related conditions
2 First fixed benefit plan to cover Heart related conditions
3 Double Claim Benefit: Claim in addition to any existing health insurance

Key Benefits

A. Comprehensive cover for Heart and Cancer related conditions

You get comprehensive coverage against all prevalent Heart and Cancer related conditions. On diagnosis of a covered condition, you are paid a lump sum amount (% of chosen Sum Assured).

You can choose from 2 plan options:

Option A: Cover for Heart related conditions:

A lump sum amount is paid to you on diagnosis of a covered Heart related condition.

Option B: Cover for Heart and Cancer related conditions:

You can cover yourself against Cancer related conditions in addition to Heart by paying a nominal additional premium. A lump sum amount is paid to you on diagnosis of covered Heart or Cancer related conditions.

The benefit amount is paid under 3 categories

We have classified all covered Heart and Cancer related conditions under 3 categories – Mild, Moderate and Severe. These categories are based on severity of the diagnosed illness and define the extent of payout made to you as a percentage of your chosen sum assured.

Category Definition of payout
Mild 25% of the chosen sum assured is paid to you on diagnosis. You can claim a mild condition only once under Plan Option A and twice under Plan Option B (one each from Heart and Cancer related conditions).
Moderate 50% of the chosen sum assured is paid to you on diagnosis. Thereafter, Exide Life Insurance will pay premium for next 5 years on your behalf. Multiple claims are allowed under this category and your policy will terminate upon payment of 100% of sum assured.
Severe 100% of the sum assured is paid to you. Amount paid to you prior to diagnosis of a severe condition will be deducted. The policy will terminate on payout.

(In case you are diagnosed with more than one condition at the same time, the benefit will be paid to you under the highest category. To know more about these listed conditions, please refer to Terms and Conditions.)

Conditions Covered

HEART RELATED CONDITIONS

Mild Moderate Severe
  • Angioplasty
  • Arrhythmia’s leading to Insertion of Pacemaker or ICD
  • Cardiac Arrest
  • Pericarditis leading to Pericardiectomy
  • Percutaneous Heart Valve Surgery
  • Minimally Invasive Surgery to Aorta
  • Keyhole Coronary Bypass Surgery
  • Infective Endocarditis
  • Valvuloplasty
  • Carotid Artery Surgery
  • Secondary Pulmonary Hypertension with permanent functional impairment NYHA class III
  • Cardiomyopathy
  • Surgical Septal Myomectomy to relieve Left Ventricular Outflow Tract obstruction
  • Myocardial Infarction (First Heart Attack of specified severity)
  • Open Chest Coronary Artery Bypass Graft
  • Open Heart Replacement or Repair of Heart Valves
  • Major surgery of Aorta
  • Primary Pulmonary Hypertension
  • Heart transplant
  • Stroke resulting in permanent symptoms

CANCER RELATED CONDITIONS

Mild Moderate Severe
  • Carcinoma-in-Situ of all organs excluding skin
  • Early stage Cancers of Prostate
  • Thyroid Papillary Microcarcinoma
  • Bladder Microcarcinoma
  • Chronic Lymphocytic Leukemia – early stages
  • Mastectomy due to diagnosis of Carcinoma-in- situ of the breast
  • Orchidectomy due to diagnosis of Carcinoma-in-situ of the testis
  • Cystectomy due to diagnosis of Carcinoma-in- situ of the Urinary Bladder/ T1NoMo Urinary Bladder Cancer
  • Total Abdominal Hysterectomy and Bilateral Salpingo-Oophorectomy due to diagnosis of Carcinoma in-Situ of the Cervix/ Carcinoma-in-Situ of the Uterus /Carcinoma-in-situ of the Ovary
  • Cancer of Specified Severity (please refer the Terms and conditions for more details)
(To know more about these listed conditions, please refer to Terms and Conditions.)
B. Double Claim Benefit: Claim in addition to any existing health insurance

We will pay you the benefit on diagnosis of covered Heart and Cancer conditions even if you have filed a claim under any existing health insurance policy that you may have.

C. Premium Funding Benefit
Conditions under moderate category, because of the severity and longer recovery time, can have an impact on your savings as well as future earnings. To help you and your family, Exide Life Insurance pays your policy premiums for the next 5 years, in the event a claim is paid to you under a moderate category.
D. Tax Benefit

You save tax on Premiums paid under Sec 80D of the Income Tax Act, 1961 as amended from time to time.

How this health insurance plan works?

Option A: Heart related conditions coverage

Ashok, who is 35 years old, chooses Option A chooses an health insurance plan offered by Exide Life Insurance - Exide Life Sanjeevani for covering Heart related conditions. He pays an annual premium of Rs 3,720 for a sum assured of Rs 10 Lacs. The policy term as well as premium payment term is 25 years. In the event he is diagnosed with Heart related conditions, this is how the benefit will be paid to him:

*Premium mentioned is exclusive of service tax.

Option B: Heart plus Cancer related conditions coverage

Ramesh aged 40, buys an health insurance plan offered by Exide Life Insurance - Exide Life Sanjeevani for covering and chooses Heart plus Cancer related conditions coverage (Option B) for a policy term of 20 years. He pays Rs 6,670 per year for 20 years and his sum assured is Rs 10 Lacs. Following are the benefits, in case he is diagnosed with Heart and Cancer related conditions:


*Premium mentioned is exclusive of service tax.

Key Features

Min/Max Entry Age 18 / 65 years (age as on last birthday)
Maturity Age 70 years
Min/Max Policy Term (PT) Minimum – 5 years
Maximum - 35 years subject to maturity age of 70 years
Premium Paying Term (PPT) Regular
Min/Max Basic Sum Assured Minimum:  INR 5,00,000
Maximum: INR 25,00,000
Premium Paying frequency Annual

Waiting Period

All health insurance policies come with a waiting period, which is basically the length of time after which the benefits from the health insurance policy will start. Under this policy, you will be required to wait for a period of 180 days from policy commencement date or reinstatement date, whichever is later before you apply for a claim.

Survival Period:

Survival Period is the span of time for which the life assured has to survive once the covered condition is detected, in order to be eligible for the Claim payout. The survival period in case of Heart related conditions is 28 days from the date of diagnosis. In case of Cancer related conditions, there is no survival period applicable.

Life Cover and Maturity Benefit

Exide Life Sanjeevani, a fixed benefit health insurance plan, does not offer any life insurance cover or maturity benefit.

family health insurance
Who should buy?
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Who should buy?

Heart and Cancer related conditions are very common today. It is prudent for everyone to have adequate financial protection due to the extremely high cost of treatment of these illnesses.
Key Features of term insurance plan
Key Features
What is Exide Life Sanjeevani?

Heart and Cancer related conditions are very common today. While advancement in healthcare has >>

(UIN:114N085V01)
key benefits of medical insurance
Key Benefits
how health insurance works
How this plan works?
3 Reasons
to buy this plan
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