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Insurance Plans India 3188 views March 31, 2020
SBI Life offers various insurance products to fulfil the variant insurance needs of its customers. The term insurance plans of SBI Life Insurance are designed and customised to provide the best financial security and protection to the family of the holder of the policy financially in future. SBI Protection plans are pure protection individual life insurance plans offered at affordable premium rates and provide a death benefit to the nominee of the plan on the death of the insured during the term of the plan. Like all the term plans, SBI Protection plans do not offer maturity benefit except in one plan. These protection plans offered by SBI Life has various features which include rebates, rewards, premium payment options, choice of pay-outs and many more. The SBI Protection plans can be brought directly from the official website of SBI Life Insurance.
Table of Contents
SBI Life Insurance offers eight pure protection insurance plans which are discussed below:
Life e-Shield protection plan offered by SBI Life is an individual, non-participation and non-linked life insurance policy which is also available to be brought online. It is a pure risk premium insurance product. Features and benefits of SBI Life e-Shield are as follows:
Poorna Suraksha policy offered by SBI Life Insurance is an individual, pure risk-oriented life insurance product with inbuilt critical illness cover. This plan is a non- participating and non-linked term insurance plan and has fixed premium throughout the tenure of the policy. The features and benefits of SBI Life- Poorna Suraksha plan are as follows:
Sampoorna Cancer Suraksha is an individual non-linked health insurance product with a pure risk premium. It does not offer participation benefits. It has easy enrolment process as well as the simple pay-out process. The features and benefits of SBI Life- Sampoorna Cancer Suraksha are as follows:
Smart Shield is an individual, non-participating pure protection life insurance product. It is a non-linked insurance plan which provides the policyholder adequate protection to fulfil their financial needs. The features and benefits of SBI Life- Smart Shield are as follows:
Saral Shield is a pure term insurance product with no participation benefits. It offers simplicity and affordability to the insured and provides financial security to the family of the policyholder. The features and benefits of SBI Life- Saral Shield are as follows:
Smart Swadhan Plus is an individual life insurance plan which also provides savings benefit along with pure life protection. It offers protection at an affordable and reasonable cost with the return of premium benefit. The features and benefits of SBI Life- Smart Swadhan Plus are as follows:
Saral Swadhan Plus offers life coverage to the insured throughout the term of the insurance plan. It is a protection oriented insurance plan with the benefit of the return of premium. This plan also offers savings benefit along with guaranteed fixed maturity for the policies which are in force and paid up. The features and benefits of SBI Life- Saral Swadhan Plus are as follows:
SBI Life Grameen Bima ensures that the family of the policyholder is financially secure in the future. It is an individual life insurance product offered at an affordable premium cost. It is a non-participating, non-linked micro insurance pure risk product. The features and benefits of SBI Life- Grameen Bima are as follows:
Protection plans help you to secure the financial future of your family in your absence and it is extremely necessary if you are the only breadwinner of your family. SBI protections plans enable you to choose from eight insurance plans and also offers a plan for cancer coverage. SBI Life Insurance offers an easy and hassle-free process of claim. It is advised to compare the plans online and choose the one which best suits your requirements and needs at an affordable premium cost.