Loan Protection Insurance Plan | SBI Life Rinn Raksha
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SBI Life – RiNn Raksha

UIN: 111N078V03

Loan Protection Insurance - SBI Life Rinn Suraksha

Your family inherits happiness. Not your liabilities.

  • Comprehensive life insurance coverage for your loan
  • Choice of loan cover term
  • Flexible premium payment options
  • SBI Life - Accidental Total and Permanent Disability Benefit Rider
Group, credit life, decreasing term assurance plan

Do you worry about your family having to deal with your loan repayments in case of an eventuality?

Put your worries to rest with SBI Life – RiNn Raksha. This plan covers your debt and pays off your financing institution in case any eventuality.

SBI Life – RiNn Raksha offers –
  • Security – by protecting your family from the burden of your loan liabilities
  • Reliability – through the assurance that your loan repayment will be taken care of
  • Flexibility – choose cover amount, loan cover term and premium frequency as per your needs

Empower your loved ones to enjoy life debt-free!

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
  • Opt for additional rider benefits and plan options (Gold and Platinum)
  • 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
    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.

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.

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.

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.

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 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 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.

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1800 22 90 90(Available from 9:00 am to 9:00 pm everyday)

E-mail us at

info@sbilife.co.in