SBI Launched new plan ("Poorna Suraksha insurance plan With Critical illness")

⇉SBI  Launched  new  plan ("Poorna Suraksha insurance plan")

State Bank of India Life Insurance on Thursday launched Poorna Suraksha plan, which gives subscribers the dual benefit of life and critical illness cover. SBI Life Zone 2 president M. Anand said that, the plan covers as many as 36 critical illnesses such as heart stroke, among others. He observed that during the early years of a person's life, home and education loans, among others take the center stage. Later on, the liabilities reduce and chances of critical illnesses increase. He Said,The re-balancing feature allows customers to adapt the plan according to changing needs. The product not only provides financial security, but also insures health related expenses which could arise due to critical illnesses.

Feature Of this Plan

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(1).This is non-Linked term insurance plan.

(2).This Insurance plan provide dual benefit to Life cover + critical illness cover.

(3).This plan cover 36 critical illness which include heart stroke,cancer,etc.

(4).Policy can be taken for 10 Year,15 Year, 20 Year,25 Year,30 Year.

(5).Premium would remain same throughout the policy.

(6).Premium can be paid monthly,quarterly, half yearly, yearly.

(7).Sum assured can be taken between Rs 20Lakh to Rs 2.5Crores.

(8).waiver of premium on diagnosis of critical illness indicated in the plan.

(9).Re-balancing feature allows customer to adapt to change as age increase.

(10).Income tax benefit available on premium paid  on this policy as per section         80C and 80 D.

Who is eligible to take this plan

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(1).Minimum age of entry is 18 Year ans maximum age of entry is 65 Year.

(2).Minimum age of maturity is 28Year(10Year plan for 18Year age person)             and Maximum age of maturity is 75Year(10Year plan for 65Year age person).

(3).Minimum premium is Rs 3,000 per annum  and Maximum premium is Rs            9.32 Lakh per annum based on age

Benefit available n this Poorna Suraksha Plan

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(1).Death benefit

(2).Critical illness benefit

(3).Premium Waiver benefit

(4).Maturity benefit

(5).Income Tax benefit

SBI Life Poorna Suraksha Term insurance Plan with Critical illness.

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