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.
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.
Group Loan Protection Plan
SBI Life – RiNn Raksha
Decreasing Term Assurance
Group, credit life, decreasing term assurance plan
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
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.
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
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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.