Opt for additional rider benefits and plan options (Gold and Platinum)
Choice of cover term, premium paying term and frequency
Enables your family to continue enjoying the assets that you so lovingly acquired
Repays your outstanding loan amount as per the sum assured schedule
Wide variety of loans covered, namely housing loans, car loans, agricultural loans, educational loans, and personal loans
Provides additional coverage to two co-borrowers in addition to primary borrower
Choose between single or level premium for 5 or 10 years as per your requirements
Option of monthly, quarterly, half yearly or yearly premiums as per your financial capabilities
Choose to insure up to 120% of the loan amount or opt for SBI Life – Accidental Total and Permanent Disability Rider for better coverage
Avail tax benefits*
The product features available under this plan shall be chosen by your Master Policyholder in capacity as the group administrator. Only features chosen by the Master Policy Holder shall be made available to you. You can choose from the options/features made available by the master policyholder.
The death cover would be the outstanding loan balance at the time of death as per the sum assured schedule in your certificate of insurance.
SBI Life - Accidental Total and Permanent Disability Benefit (UIN: 111B023V02):
Outstanding loan amount, i.e., Sum Assured applicable under the death benefit is paid if the insured member is totally and permanently disabled due to accident. No further benefits would be payable and the sum assured under the base product would cease immediately.
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.
For more details on risk factors, terms and conditions of SBI Life – RiNn Raksha, read the following documents carefully.
ˆ All the references to age are age as on last birthday
70.ver.02-06/17 WEB ENG
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on riders, terms and conditions, please read rider brochure.
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.