The SBI Life Insurance – Sampoorn Suraksha under Group Employee Benefit Products is an annual renewable group Term Insurance. This plan offers protection and is reasonably priced for different formal and informal groups. This policy can be used by employer-employee groups, depositor or borrower groups, affinity or professional groups etc.
The key features of SBI Life – Sampoorn Suraksha under Group Employee Benefit Products are as follows:
- This policy provides financial bear to the family members and dependants of the group members who had an ill-timed death.
- The insurance policy is flexible to describe the sum assured according to the requirement of the group. The requirements may be;
Multiple of salary or Cost to business
As per any other plan rules
Graded cover
Flat cover
Outstanding loan / Liability amount / amount of bank deposit
- The flexible options of the policy are:
Terminal illness benefit
Spouse cover benefit
Convertibility
Death benefit settlement
- The riders available under this policy are:
SBI Life – Group Rider – Accidental Partial Permanent Disability – 111B006V01
SBI Life – Group Rider – Accident and Sickness Total Permanent – 111B013V01
SBI Life – Group Rider – Accelerated- Extended Critical Illness – 111B008V01
SBI Life – Group Rider – Accelerated – Core Critical Illness – 111B011V01
SBI Life -Group Rider – Additional – Extended Critical Illness – 111B010V01
SBI Life – Group Rider – Additional – Core Critical Illness – 111B012V01
The eligibility conditions for SBI Life – Sampoorn Suraksha under
Group Employee Benefit Products are as follows:
- The minimum age of entry is 18 years.
- The maximum age of entry is 69 years.
- The minimum sum assured is Rs 1000.
- The maximum sum assured is Rs 250000000.
- The minimum size of group for the policy is 10.
There is no maximum limit for the group range.
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Tags: insurance plan, SBI Life Insurance, SBI Life Sampoorn Suraksha