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Suraksha Plus

UIN: 111N051V02

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  • Extensive options to choose the sum assured
  • Multiple premium payment options
  • Availability of surrender option (only for single premium)
Non-linked, non-participating group term assurance

Are your group members covered in case of an eventuality?

With SBI Life – Suraksha Plus, provide insurance cover to your group members, be it the Employer-Employee group or Non-Employer-Employee homogenous group.

SBI Life Suraksha Plus offers –
  • Security – with a wide choice of sum assured available
  • Flexibility – with the option to pay Single Premium or Regular Premium
  • Simplicity – through an easy on-boarding process

Minimize your group members' worries and help them make the most of their lives.

ಮುಖ್ಯಾಂಶಗಳು

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Non-linked, non-participating group term assurance

Features

  • Benefit of life insurance cover for formal and informal groups
  • Uniform or graded cover according to members' grade/designation/salary, or any other benefit structure as required
  • Simple enrollment process

Advantages

Security
  • Protection for dependents of group members in case of an eventuality
Flexibility
  • Choice of Single Premium option or Regular Premium option
  • Multiple premium payment modes available under Regular Premium
  • Freedom to choose the level sum assured from various options
  • Premium may be paid by group administrator and/or group member or co-paid
  • Surrender facility available for Single Premium mode
Simplicity
  • Enroll your members through a simple application form
Avail tax benefits*
Maturity Benefits:
No maturity benefits payable as it is a Pure term Product
Death Benefit:
In case of death due to any reasons, the Basic Sum Assured is payable to the nominee or beneficiary as applicable.

*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.

These are only the brief features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully.

For more details on risk factors, terms and conditions of SBI Life – Suraksha Plus, read the following documents carefully.

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*Age is as on last birthday