SBI Life - Rinn Raksha

SBI LIFE - RINN RAKSHA

"Your family inherits happiness. Not your liabilities."
1. Comprehensive life insurance coverage for your loan
2. Choice of loan cover term
3. Flexible premium payment options

A Group, Non-Linked, Non-Participating, Credit Life Insurance Product,

Do you worry about your family having to deal with your loan repayments in case of an eventuality?

Put your worries to rest with SBI Life - RiNn Raksha. This plan covers your debt and pays off your financing institution in case any eventuality.

SBI Life - RiNn Raksha offers -
1. Security - by protecting your family from the burden of your loan liabilities
2. Reliability - through the assurance that your loan repayment will be taken care of
3. Flexibility - choose cover amount, loan cover term and premium frequency as per your needs

Empower your loved ones to enjoy life debt-free!

HIGHLIGHTS
1. Group Loan Protection Plan
2. SBI Life - RiNn Raksha
3. Decreasing Term Assurance
4. Credit Life

Features & Advantages

Features
1. Life insurance coverage
2. Assistance to repay a variety of loans
3. Coverage for co-borrowers
4. Choice of Gold or Platinum plan options
5. Choice of cover term, premium paying term and frequency

Advantages
Security
1. Enables your family to continue enjoying the assets that you so lovingly acquired

Reliability
1. Repays your outstanding loan amount as per the sum assured schedule
2. Wide variety of loans covered, namely housing loans, car loans, agricultural loans, educational loans, and personal loans

Flexibility
1. Provides additional coverage to two co-borrowers in addition to primary borrower
2. Choose between single or level premium for 5 or 10 years as per your requirements
3. Option of monthly, quarterly, half yearly or yearly premiums as per your financial capabilities

Avail tax benefits*
The product features available under this plan shall be chosen by your Master Policyholder in capacity as the group administrator. Only features chosen by the Master Policy Holder shall be made available to you. You can choose from the options/features made available by the master policyholder.

Plan Benefits

Death Benefit:

The death cover would be the outstanding loan balance at the time of death as per the sum assured schedule in your certificate of insurance.

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.

Who can buy



*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 here. Please consult your tax advisor for details.