The SBI Life Insurance – Credit Guard under Group Employee Benefit Products is a non participating group team insurance plan. This plan is simple and trouble-free. It covers the card holders of a bank or any other finance entity via a Group Master Policy.
The key features of SBI Life – Credit Guard under Group Employee Benefit Products are as follows:
- This policy gives brilliant guard for the card holders along with modified solutions.
- It helps the card holder to obtain through borrowing and also helps in acquiring safe guard plus point.
- The policy gives the flexibility to choose the sum assured premium payment method and benefits.
- The policy provides double protection against death and permanent disability along with whole risk coverage to the card holders.
- The premium rates of the plan are quite gorgeous and thus it makes the policy irresistible.
- The plan is simple and suitable.
- The claim settlement is also hassle free and efficient.
Under the SBI Life – Credit Guard under Group Employee Benefit Products there are certain exclusions:
- This plan does not give coverage to death due to suicide within 1 year of the cover start date.
- This plan also does no pay any accident benefit at any point of time if a claim is made out of suicide or attempted suicide.
The eligibility criteria for SBI Life – Credit Guard under Group Employee Benefit Products are as follows:
- Any person within the age of 18 to 69 years can apply for the plan.
- The minimum group range should be 50, no maximum limit is there.
Singular or regular premium method available.
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Tags: insurance policy, SBI Life Credit Guard, SBI Life Insurance