Grameen Bima - Life Coverage Term Insurance Plans | SBI Life Insurance

By pursuing your navigation on our website, you allow us to place cookies on your device. These cookies are set in order to secure your browsing, improve your user experience and enable us to compile statistics  For further information, please view our "privacy policy"

SBI Logo

Join Us

Tool Free 1800 22 9090

SBI Life - Grameen Bima

UIN: 111N087V02

Product Code: 1F

play icon play icon
Pure Term Micro Insurance Plan

Enjoy more
from life at an

An Individual, Non-Linked, Non-Participating, Microinsurance Life Insurance Pure Risk Premium Product

Life tends to become more enjoyable when every moment feels secured. Now, you can ensure that both you and your family remain financially independent at every stage with SBI Life - Grameen Bima which provides a life cover on one time payment.

Key Features –
  • Protection at an affordable premium
  • No medical examination required
  • Easy Enrolment through simple processes


Pure Term Micro Insurance Plan

SBI Life Grameen Bima

plan profile

Arvind, a labourer, secured the future of his wife and three children with this affordable term plan.

Fill the form fields in the Benefit Illustrator below to understand the benefits of SBI Life – Grameen Bima.



Let's finalize the policy duration you are comfortable with...

Policy Term

A little information about the premium options...

Premium Frequency Mode

Premium Amount

300 2000

sum assured

Sum Assured

premium frequency

Premium frequency

Premium amount
(excluding taxes)

policy term

Policy Term

Give a Missed Call


  • Life cover with one time premium payment
  • Simple registration procedure with no medical examination required
  • Choose from a range of premiums in multiples of 100


  • Safeguard your family’s financial security
  • Benefits at a nominal premiums
  • Hassle-free enrolment based on declaration of good health
Avail tax benefits*
Death Benefit:

In the unfortunate event of death of the life assured during the policy term, the nominee or legal heir will receive the Sum Assured on death as lump sum.
Where the sum assured on death would be higher of Basic Sum Assured OR 1.25 times of Single Premium

Maturity Benefit:

There is no maturity benefit under this product.

Surrender Benefit:
  • Surrender is allowed after the first year of cover.
  • No surrender benefit is payable in the last year of the policy.
    The surrender value payable will be:
    Single Premium Paid (exclusive of applicable taxes) * 50% * Unexpired policy term / Total Term
     1) Term is measured in completed months.
     2) Unexpired term would be the total policy term in months less the completed number of months as on date of surrender.
For more details on risk factors, terms and conditions of SBI Life – Grameen Bima, read the following documents carefully.
Grameen Bima Premium Details
* All references to age are age as on last birthday

^Aggregate Basic Sum Assured under this plan will be capped at Rs. 50,000 for each life.


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

*Tax Benefits:
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.