Group Term Insurance Plan | Corona Suraksha - SBI Life
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SBI Life - CORONA SURAKSHA

UIN: 111NXXXVXX

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Group term Insurance Plan

A Quarterly Renewable Group Life Insurance Plan.

  • Life Insurance coverageagainst COVID 19
  • Single Premium
  • Easy on-boarding process
A Group, Non-Linked, Non-Participating Life Insurance Pure Risk Premium Product

Have you ensured that your employees/members are adequately protected?

SBI Life - Corona Suraksha is a Group, Non-Linked, Non-Participating Life Insurance Pure Risk Premium Product, that covers the members of Employer-Employee Groups & other suitable Non- Employer- Employee groups . It provides an option to enhance the coverage of insurance benefit to secure your employees/members against the Novel Coronavirus (nCoV) (COVID 19).

This plan offers –
  • Security – through financial support to your group members' dependents in case of an eventuality
  • Flexibility – to renew the plan every quarter as per your needs
  • Simplicity – through Single premium payment facility and easy on-boarding process

Choose to provide life insurance protection to members at competitive rates.

Highlights

SBI Life Corona Suraksha

Quaterly renewable group term assurance (QYRGTA)

Features

 
  • Benefit of life insurance cover for formal and informal groups
  • Defined Benefits based on the needs of your group members
 

Advantages

 

Security

  • Insurance benefits to the group members' dependents in case of untimely death of a group member infected with COVID 19

Flexibility

  • Can be used to cover wider range of groups like employer-employee, Informal credit groups, professionals, affinity, etc.
  • Choice to decide sum assured for members as per master policyholder’s preference
  • Quarterly Renewable plan

Simplicity

  • Single premium payment facility
  • Enroll your members through a simple application form
 

Avail tax benefits*

Death benefit:

On death (other than death due to accident) of the insured employee/ member, who is infected with COVID 19 disease, the death benefit is payable as a lump sum.
 
Death benefit payable will be Basic sum assured as defined by the scheme rules
 

 

For more risk factors, terms and conditions of the SBI Life - Corona Suraksha, read the following documents carefully.
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*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 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. You may visit our website for further details Please consult your tax advisor for details.