The SBI Life – Suraksha Plus under Group Employee Benefit Products is a pure term non participating group plan. This plan is related for employee groups, credit card holders, bank or mutual fund customers or any group sharing the ordinary view. The premium of the policy is very much reasonable. This policy aims at protecting the family in all situations.
The key features of SBI Life Insurance – Suraksha Plus under Group Employee Benefit Products are as follows:
- This policy gives flexible options to make an option of the cover term. The terms available under this policy are; Minimum Single Premium (SP) Mode: 1 Year, Minimum Regular Premium (RP) Mode: 2 Years and Maximum Term: 30 Years.
- Under this Insurance policy a wide option of sum assured is available. This policy gives a choice of Rs. 1,000/- per Member to Maximum no limit (in multiplies Rs. 1/-).
- Multiple premium paying modes are available under this policy. The policies can be paid either in a single premium or regularly or half yearly, quarterly or monthly.
- Under this policy the free cover limit facility is also available.
- The policy also gives coverage to the wife and dependants of the family.
- The customer under this policy gives a choice to select among Accidental Death Cover for the Group Member, Basic Life Cover +Accidental Death Cover for Spouse/Dependent Parent(s) of the Group Member or Accidental Death cover for Spouse and / Dependent parent(s).
- The policy under a single premium method has the surrender facility available.
The eligibility criteria for SBI Life – Suraksha Plus under Group Employee Benefit Products are as follows:
- Anyone who is within the age of 18 to 69 can get this policy.
- The minimum group size under this policy has to be 50 members and no maximum limit is there.
The minimum premium to be paid is RP: Rs. 1,000/- Per plan and maximum SP: Rs. 5,000/- Per Scheme.
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Tags: insurance policy, SBI Life Insurance, SBI Life Suraksha Plus