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Home > Corporate Solutions > Group Protection Plans > SBI Life - Suraksha Plus

SBI Life - Suraksha Plus
(UIN : 111N051V02)

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Introduction
Key Features
Benefits
 
 
Introduction:
 
SBI life - Suraksha Plus a Non linked, Non-participating, Group Term Assurance product to meet the needs of the group clients such as Employer - Employee Groups, Non-Employer Employee homogenous groups who intend to provide life cover to group members for a fixed term.
 
 
Key Features:

 
Wide choice of Sum Assured available, Life Cover can be
  Uniform cover
  According to Grade/Designation/Salary etc
 
Multiple premium payment mode options available
  You can pay a Single Premium or pay regularly either yearly, half yearly, quarterly or monthly
 
Surrender facility available for Single Premium mode only.

Boundary Conditions:
Parameter Feature
Entry Age* Minimum: 18 years
Maximum: 69 years
Maximum Maturity Age* 75 years or as per scheme rules whichever earlier
Minimum Group size 50 members
Minimum Sum Assured Rs. 1,000 per member
Maximum Sum Assured No Limit
Minimum Policy term Single premium: 2 years (with respect to group members)
Regular premium: 5 years (with respect to group members)
Maximum Policy term 30 years (with respect to group members)
Minimum Premium Single premium: Rs. 5,000 per scheme
Regular premium: Rs. 1,000 per scheme
Maximum Premium No Limit
Premium Payment mode Single premium
Regular premium (Yearly, Half yearly, Quarterly & Monthly)
*Age is as on last birthday
 
 
Benefits:

 
Maturity Benefits : No maturity benefits payable as it is a Pure term Product
 
Death Benefit: In case of death due to any reasons, the Basic Sum Assured is payable to the nominee or beneficiary as applicable.
 
Income Tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your tax advisor for details.

These are only the brief features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully.
 
63.ver.03-06/15 WEB ENG
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
 
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