Sampoorn Suraksha

Build A Stronger Future, Together

Comprehensive Coverage for Your Group Members

Know about SBI Life - Sampoorn Suraksha

UIN: 111N040V04 | Product Code: 72

A Comprehensive & Customizable benefit package for your members

Flexible premium payment options

Wide Range of Optional Riders

Know Your Life Insurance Plan

Features

Life Cover: Every member of your group receives comprehensive life insurance coverage. This coverage ensures that each member’s well-being remains supported as their future unfolds, creating stability for all.
 
Customisable Benefits: Every group has unique needs, and SBI Life - Sampoorn Suraksha enables you to tailor benefits that support the well-being of each member. It offers flexibility, ensuring that every group member receives customized benefits.
 
Options and Riders at an affordable cost: The SBI Life - Sampoorn Suraksha plan offers a selection of riders and options , providing the opportunity to enhance coverage. These additional choices ensure every member feels fully supported, enabling their families to maintain stability when circumstances change.
 
Seamless Enrollment: Enroling your members into the SBI Life - Sampoorn Suraksha plan is a straightforward and efficient process. Every individual receives comprehensive coverage while your administrative paperwork remains minimal.
 
Tax Benefits:* This plan offers valuable tax advantages in accordance with current laws. This benefit supports both your employees' well-being and your organisation's efficiency.

Advantages

Security: The SBI Life - Sampoorn Suraksha plan ensures that member’s families are well-supported when circumstances require it. This coverage gives confidence, knowing their family's well-being is secured.
 
Adaptability: Designed to meet the needs of diverse groups, such as employer-employee, borrower-depositor, professional, or affinity groups, the plan offers flexibility in selecting the sum assured. This personalised coverage demonstrates your organisation’s commitment to understanding and supporting each member.
 
Flexibility: With seven riders available, cover under SBI Life - Sampoorn Suraksha can be enhanced for accelerated or additional coverage for accidental death, permanent disability or critical illness and additional customization through spouse coverage, death benefit settlement, convertibility, and terminal illness benefit.
 
Simplicity: SBI Life - Sampoorn Suraksha's straightforward enrolment process ensures ease of implementation. Your team receives comprehensive coverage while administrative processes remain efficient and manageable.

Plan Benefits

Death benefit: Sum assured will be payable as defined by the scheme rules
 
Rider benefit: Refer to the rider brochure for more information
 
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

Downloads

For more risk factors, terms and conditions of the SBI Life- Sampoorn Suraksha, read the following documents carefully.

• Product Brochure/Prospectus – EE groups

• Product Brochure/Prospectus – NEE groups

• Product Guide

• Policy Document

• Customer Information Sheet (CIS) for COI

• Customer Information Sheet (CIS) for MPD

• Certificate of Insurance & CIS Form

• SBI Life - Group Rider - Accidental Total Permanent Disability - (Brochure/Prospectus)

• SBI Life - Group Rider - Accidental Total Permanent Disability - (Sample Policy Document)

• SBI Life - Group Rider - Accidental Partial Permanent Disability - (Brochure/Prospectus)

• SBI Life - Group Rider - Accidental Partial Permanent Disability - (Sample Policy Document)

• SBI Life - Group Rider - Accidental Death - (Brochure/Prospectus)

• SBI Life - Group Rider - Accidental Death - (Sample Policy Document)

• SBI Life - Group Rider - Additional Extended Critical Illness - (Brochure/Prospectus)

• SBI Life - Group Rider - Additional Extended Critical Illness - (Sample Policy Document)

• SBI Life - Group Rider - Additional - Core Critical Illness - (Brochure/Prospectus)

• SBI Life - Group Rider - Additional - Core Critical Illness - (Sample Policy Document)

• SBI Life - Group Rider - Accelerated- Extended Critical Illness - (Brochure/Prospectus)

• SBI Life - Group Rider - Accelerated- Extended Critical Illness - (Sample Policy Document)

• SBI Life - Group Rider - Accelerated - Core Critical Illness - (Brochure/Prospectus)

• SBI Life - Group Rider - Accelerated - Core Critical Illness - (Sample Policy Document)






 

Who Can Buy?

Employer - Employee Groups
Age* at entry Minimum: 18 years Maximum: 79 years
Maximum Age* at maturity 80 years, For life cover in lieu of EDLI scheme, minimum entry age, maximum entry age/maturity age will be as per the EDLI scheme rules.
Minimum Group Size 10 members
Sum Assured Minimum: 10,000 per member Maximum: As per Board approved Underwriting Policy
Non Employer - Employee Groups
Age* at entry Minimum: 16 years Maximum: 79 years
Maximum Age* at maturity 80 years
Minimum Group Size 10 members
Sum Assured Minimum: 10,000 per member Maximum: As per Board approved Underwriting Policy

*Age as on last birthday

Frequently Asked Questions

SBI Life - Sampoorn Suraksha is a comprehensive group insurance plan designed to provide coverage for a group of individuals, such as employees, borrowers, or members of an affinity group. The plan offers a range of benefits, including life coverage, accidental death, disability coverage, and critical illness cover. This ensures members receive support when circumstances require it, providing assurance for them and their families. Consult with our experts to determine the coverage options that best suit your group's requirements.

The SBI Life - Sampoorn Suraksha plan is available to various groups, including Employer -employees, informal credit groups, professional / affinity groups, bank deposit holders, social sector and rural groups etc.. It is designed to meet the diverse needs of organisations looking to provide comprehensive coverage to their members. By offering this coverage, you demonstrate your commitment to the well-being of those who work in your organisation.

The minimum and maximum entry ages for SBI Life - Sampoorn Suraksha are 18 years(Employer – Employee Groups)/ 16 years(Non Employer-Employee Groups) and 79 years, respectively.

Yes, the SBI Life - Sampoorn Suraksha plan is a renewable plan. It allows policyholders to renew the coverage on an annual basis, ensuring continued support for the group members throughout the policy term.

Yes, the SBI Life - Sampoorn Suraksha plan offers accidental death cover as part of optional rider. In the event of an accidental death, the beneficiary receives a rider benefit in lump sum payout. This support helps their family members navigate maintain stability when life changes.

If a member exits the group during the policy term, they may have the option to convert their group coverage into an individual policy, subject to the terms and conditions outlined by SBI Life. The coverage may cease upon their exit unless converted.

Yes, the premiums paid under the SBI Life - Sampoorn Suraksha plan may be eligible for tax deductions under Section 80C of the Income Tax Act, subject to applicable limits and conditions. Additionally, the death benefits received may be tax-free under Section 10(10D), depending on the circumstances.

The claim process under the SBI Life - Sampoorn Suraksha plan is designed to be straightforward and efficient. When a claim is made, the claimant needs to provide the necessary documentation, such as the death certificate or medical reports, along with the claim form. Our claims team will review the submission and process the claim as quickly as possible, ensuring that the benefits are paid out in a timely manner.

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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 Please consult your tax advisor for details.
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