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Home > Protection Plans
"SBI Life - Shield" used as a Keyman
(UIN : 111N018V01)

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Introduction
Product Features
How to Subscribe?
 
Introduction:
 
Keyman is the key member or staff of the organization who is a major contributor to its growth and the profit and whose absence may affect the continuity of the business.

A Keyman insurance policy is taken to protect the organization against the reduction in profit resulting from the death of the Keyman. As per IRDA circular only Pure Term Assurance Products may be used as a Keyman Insurance. We offer "SBI Life - Shield" as a Keyman Insurance Policy
 
 Product Features:
 
•
Minimum / Maximum Age at Entry : 18 Years to 60 Years
 
•
Term : 5 Years to 25 Years or Retirement age, whichever is earlier
 
•
Choice of Increasing Sum Assured @ 5% p.a. or Level Cover
 
•
No Riders available.
 
•
Mode of Payment : Single Premium or Regular Premium (no monthly mode available)
 
•
Sum Assured
  •
Minimum (Per Life Assured):
SBI Life - Shield Plan: Rs. 10, 00,000/-
 
  •
Maximum Sum Assured (Per Corporate):
No Maximum Sum Assured limit, however the quantum of cover would be based on the following parameters, underwriting requirements and the maximum Sum Assured should be LOWER of :
 
  •
5 times the average net profit of the Company for the past 3 years.
  •
3 times the average gross profit of the Company for the past 3 years.
 
  A multiple of the individual remuneration/compensation package that the Keyman receive may also be considered.
 
 
How to Subscribe?
Download the Brochure "How to subscribe to Keyman Policy" to know about documents to be provided

Download Keyman Forms.
*"SBI Life - Shield" is used as a Keyman Insurance Policy and it does not have exactly the same range of features as SBI Life - Shield is used as a standalone product.
 
For more details on risk factors, terms and conditions please Contact:
SBI Life Insurance Co. Ltd
Corporate Office: Turner Morrison Building.  G. N. Vaidya Marg, Fort, Mumbai 400 023.
Regn No 111
email : corporate@sbilife.co.in
Insurance is the subject matter of solicitation.
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