SBI Life - Grameen Bima

SBI LIFE - GRAMEEN BIMA

"Life insurance at an affordable cost."
1. Option to choose your premium
2. Simple registration procedure
3. No medical examination

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

Are high insurance premiums holding you back from securing your family's financial future?

Protect your family at an affordable cost with SBI Life - Grameen Bima. SBI Life - Grameen Bima is an Individual, Non-Linked, Non-Participating Microinsurance Life Insurance Pure Risk Premium Product that helps you provide financial security for your family at reasonable costs.

The SBI Life - Grameen Bima policy offers -
1. Security - ensure your family is financially secure in the future
2. Simplicity - with easy application processes
3. Affordability - through plan benefits at nominal premiums

Try our Premium Quotation below to see how the plan can help you secure your family's future.

HIGHLIGHTS
1. Protection Plans
2. Term plan
3. SBI Life - Grameen Bima
4. Micro Insurance

Features & advantages

Features

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

Advantages

Security
1. Safeguard your family's financial security

Affordability
1. Benefits at a nominal premiums

Simplicity
1. Hassle-free enrolment based on declaration of good health

Avail tax benefits*

Plan 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:
1. There is no maturity benefit under this product.

Surrender Benefit:
1. Surrender is allowed after the first year of cover.
2. 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
Where:
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.

Who can buy?