SBI Life – Dhanrashi | SBI Life Insurance

The SBI Life – Dhanrashi under Group Employee Benefit Product is a conventional non participating group savings linked insurance plan. This plan is both for employer and employee and non employer groups.

The key features of SBI Life – Dhanrashi under Group Employee Benefit Products are as follows:

This policy gives attractive returns on savings with double benefits
Safety at low cost with no medical test is provided with this policy.
The policy features hassle free joining process with no entry fee.
This policy has the facility of recovery for 2 more years from the initial unpaid payment.
A grace period of 30 days will be allowed for the payment of contribution for regular method.
No suicide exclusion is relevant under this policy for the basic cover.
The charges of the policy are the most aggressive and are specially planned for the benefit of the size of the savings fund.

The benefits of SBI Life – Dhanrashi under Group Employee Benefit Products are as follows:

On the maturity of the policy the policy holder will get the accumulated fund according to the rules of the plan.
On the unexpected death of the policy holder the sum assured along with the accumulated fund value for the group member will be paid according to the plan rules.
The whole claim sum, together with interest earned, payable on Maturity or on death is free from income-tax (U/s 10(10D) of income tax Act.
The total contribution of the members, as well as the service tax is entitled for income-tax rebate under Sec 80C of the Income Tax Act.

The life cover premium paid by the company for Life Cover is taken as business expenditure (U/s 37 (1)) of income tax Act.

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Tags: insurance policy, SBI Life Dhanrashi, SBI Life Insurance