 Broadly insurance can be classified in two categories: First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types: Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans. Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan . |
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Various Products offered by SBI Life :
Protection Products -1. SBI Life-Smart Shield :Is a plan that offers a life cover at low cost. It is a traditional pure risk policy.2. SBI life-Swadhan :Is a traditional Term Plan which provides protection and a refund either part / total premium at the end of the duration of the policy to the policyholder.3. SBI Life Saral Shield :Saral Shield provides cover for your family and ensures that a proper safety net is created.4. SBI Life Smart Income Protect:A saving plan with added advantage of life cover and regular cash inflow at the time you need.Saving Plans -1. SBI Life-Sanjeevan Supreme :Is a plan with a Life Insurance cover and a guaranteed money back scheme at various intervals. Benefit of this plan is you pay the premium for a specific period of the term only and rest of the term you do not have to pay.2. SBI Life-Money Back :Is a saving plan where you get a cover and also funds at various intervals during the policy.3. SBI Life - Shubh Nivesh :Shubh Nivesh is an Endowment product with an option of Whole Life coverage. The basic purpose is to provide Savings, Income and Protection to you and your family.4. SBI Life Flexi Smart Insurance :It gives you flexibility to adapt to your ever-changing needs, while assuring guaranteed benefits to take care of your savings.Unit Linked Products -1. SBI Smart Performer :It offers the double benefits of ’Higher than the Highest’ of the daily NAV Guarantee and the view of market upside.2. Unit Plus Super :It offers you guaranteed additions and choice of payment options, giving you far superior value.3. Saral Maha Anand :Twin Benefit of Market linked returns & insurance cover.4. SBI Life Smart Elite :It gives you flexibility to pay premium(s) for limited term or single premium, with the freedom to stay invested and protected for long term.5. SBI Life Smart Scholar :Its provide you with a unique, flexible and all-encompassing solution through our SBI Life - Smart Scholar Plan.Health Plans -1. SBI Life – Group Criti9 :This plan provides protection against 9 critical illnesses where Sum Assured is paid in lump sum on diagnosis of any one of covered critical illnesses.2. SBI Life – Hospital Cash :It is a comprehensive plan that covers not only hospitalization expenses but also other incidental costsChild Plan -1. SBI Life Scholar II :I SBI Life - Scholar II has guaranteed benefits which are payable at the regular intervals during the term of the policy.Pension Products -1. SBI Life-Lifelong Pension :This plan helps to satisfy your needs after retirement. Although retired you still have the finance to fulfill your desires. It is a regular pension product.Group Products - Group Protection Plans:1. SBI Life - Sampoorn Suraksha2. SBI Life - Credit Guard3. SBI Life - Suraksha PlusRetirement Solutions:1.SBI Life - Cap Assure Gratuity Scheme2.SBI Life - Cap Assure superannuation Scheme3.SBI Life - Cap Assure Leave Encashment Scheme5.SBI Life - Dhanrashi6.SBI Life - Swarna Jeevan7.SBI Life - Swarna GangaCorporate Office: Contact Number (Toll- Free Number): |
Latest Updates - 20 May 2013 |
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