Loan Protection Insurance Plan - Home Loan, Car Loan Personal Loan Insurance | SBI Life Rinn Raksha
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SBI Life – RiNn Raksha

UIN: 111N078V03

Rinn Raksha Plan Details

Your family inherits happiness.
Not your liabilities.

A Group,Non-Linked, Non-Participating, Credit Life Insurance Product, 

Presenting SBI Life - RiNn Raksha (UIN: 111N078V03), a plan that helps you ensure that your family has the best of everything. With this solution, your family won't have to bear the loan liabilities in case of an unfortunate event as it repays the outstanding loan, thereby keeping their future and dreams protected.

Features :
  • A comprehensive Group Credit Life Plan that covers Housing,Vehicle, Education, Personal & Other Loans
  • Lives upto 2 co-borrowers in addition to the primary borrower can also be covered.
  • Flexibility to choose loan cover term as per need**

*The coverage under the product for new and existing borrowers, shall be as per the board approved underwriting policy.
**subject to minimum of 2/3rd of the loan term, if the loan term is 15 years or more.

Highlights

SBI Life Rinn Suraksha

Group, credit life, decreasing term assurance plan

 

Features

 

  • Life insurance coverage
  • Assistance to repay a variety of loans
  • Coverage for co-borrowers
  • Choice of Gold or Platinum plan options 
  • Choice of cover term, premium paying term and frequency

 

Advantages

 

Security

  • Enables your family to continue enjoying the assets that you so lovingly acquired

Reliability

  • 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

Flexibility

  • 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
     

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.

Death Benefit:


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.
 

Tax Benefits*:


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.

SBI Life Rinn Raksha Plan
ˆ All the references to age are age as on last birthday

NW/70/ver1/05/22/WEB/ENG

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.


*Tax Benefit:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. For further details, click here. Please consult your tax advisor for details.