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Home > Group Micro Insurance Plans > SBI Life - Grameen Shakti > Generic Benefit Illustration

Generic Benefit Illustration

  Generic Benefit Illustration  |  Email
For a Sum Assured of Rs. 25000/- and term of 5 years;

Yearly premium is Rs. 297.5+ Rs. 3.06 (Service Tax @ 1.03%)    = Rs. 301/-

Benefits Available:
In case of maturity :
  For 5 year term : 50%  of the premium paid (net of service tax) are refunded
  50% (Rs. 297.5 * 5) = Rs. 744/-
In case of death of the insured member
  Rs. 25,000/- is payable to the nominee
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