SBI Life Insurance Policies, Investment Plan, Unit Linked Life Insurance ???en.user.selcrs???
SBI Life Insurance India's First and Only Multi-lingual Life Insurance website:  English | हिन्दी | বংলা | தமிழ் | తెలుగు | मराठी | ગુજરાતી | ಕನ್ನಡ | ਪੰਜਾਬੀ | മലയാളം
Call Toll Free 1800 22 9090 | SMS 'CELEBRATE' to 56161
Find us on :   
 
GROUP PLANS
Corporate Solutions
Group Loan Protection Products
Group Micro Insurance Plans
Home > Group Term With ROP > SBI Life - Swadhan (Group)

SBI Life - Swadhan (Group)
(UIN : 111N014V01)

  Brochure  |  Email
Introduction
Key Features
Exclusions
 
 
Introduction:
 
Swadhan (Group) is a Non Participating Group Term Insurance Plan with Return of Premium. It is a simple and easy solution which offers dual benefits of life cover protection in the event of death and refund of premium in case of survival up to the end of the cover term.
  
 *Key Features:
 
Eminently affordable premium rates
 
Complete protection during cover term
 
Refund of part/full basic premiums paid, depending on the Term of insurance Cover
 
Choice with regard to Term of Insurance Cover and Sum Assured
 
Flexibility to choose appropriate premium payment modes
 
Simple and convenient joining process
 
Hassle free and efficient claims settlement
 
Revival facility is made available within 2 years from the first unpaid premium due date.
 
*Certain features may differ for different Master Policies.
  
 Exclusions:
Death due to natural causes within the first 45 days from cover start date 
 
Death due to suicide within one year from cover start date
 
For more details please dial 1800 22 9090 (Toll Free) or email at info@sbilife.co.in
 
Section 41 of Insurance Act 1938 states:
(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer:

Provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer.

(2) Any person making default in complying with the provisions of this section shall be punishable with fine which may extend to five hundred rupees.
 
Section 45 of Insurance Act, 1938: "No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy-holder and that the policy-holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose:

Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the life insured was incorrectly stated in the proposal".
 
Buy Policy Online
  Login Area
  Go
   NAVs
  Click here to view the latest Unit Values & Newsletters >>
  Services
  Calculator Premium
  Need Analysis Calculator
  Retirement Calculator
  HLV Calculator
  Child Education Planner
  Tax Calculator
SBI | SBI Online Banking | SBI General Insurance | SBI Card | SBI AMC | SBI Capital | SBI Global Factors | SBI DFHI Ltd
IRDA | Consumer Education Website by IRDA | Life Insurance Council | Product Codes | SFIN Codes | Privacy Policy | Disclaimer | Do Not Call
Insurance is the subject matter of solicitation .IRDA Registration no. 111 issued on 29th March 2001.
Registered & Corporate Office: SBI Life Insurance Co. Ltd, Natraj, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069.
CIN: U99999MH2000PLC129113
2014 SBI Life Insurance Company Limited. All rights reserved.