Sanjeevini(Health Insurance) Scheme of State Bank of Mysore is introduced to provide timely assistance for obtaining Medical treatment for Salaried class, Self employed persons, Employees of reputed PSUs, Profit making public limited companies, Self employed engineers, Doctors, Architects, Chartered Accountants, MBAs, Pesioners of PSUs, Govt. (state/central) public sector banks and also pensioners of State Bank of Mysore


Eligibility Criteria:

a) Employees of Government, Reputed PSUs and profit making Public Limited Compani, with a minimum of 10 years service

b) Self Employed Engineers, Doctors, Architects, Chartered Accountants, MBAs, with a minimum 5 years standing. They should be below 65 years of age

c) Pensioners of PSUs / Govt. (State/Central) Public Sector Banks who have taken premature voluntary retirement and are 60 years of age or less, including pensioners of SBM

d) Agents of Insurance / KVP / Mutual Funds etc., who are tax assesees and whose gross annual income exceeds Rs. 1.50 lacs.


Loan Amount:

Minimum Rs. 20,000/-
Maximum 12 months net monthly income, Net of all deductions, including Income Tax for salaried individuals and pensioners and 1 year's net annual income in case of Self-employed professionals subject to the ceilings as below:

Employees and Professionals: Rs. 1.50 lacs

Pensioners who have taken early retirement and Agents under eligibility above Rs. 1.00 lac


Rate of Interest:

With check-off facility 15.25%

Without check-off facility 15.50%



Income Criteria:

a) For Employees / Pensioner - Net monthly income Rs. 6000/-

b) For Self Employed Person - Net annual income of Rs. 1,50,000/- as per latest I.T. Returns

c) For Agents - Gross income exceeding Rs. 1.50 lakh per annum (to produce latest I.T. Returns)

d) Income of the spouse can be considered if the spouse guarantees the loan


Margin:
15 % of the total cost of Hospital bill


For More information here I am attaching an attachment:

Attached Files

State Bank of Mysore Health Insurance.doc (31.5 KB, 77 views)