There is a scheme called SBI Life Poorna Suraksha under which you can give more strength to the family at least premium.
SBI Life Poorna Suraksha: The future is uncertain but preparations can be made for it from today. You and your family do not have to face any financial problem due to any untoward incident that happened to you, so that you can prepare from today itself.
In this regard, SBI Life is running a scheme called Poorna Suraksha, under which you can give more strength to the family in minimum premium. Under SBI Life Poorna Suraksha, people of the age of 30 years can take a cover of Rs 2.5 crore on payment of less than Rs 100 per day.
The special feature of this scheme is that critical diseases are covered in it and premium will be waived during the critical diseases identified in the plan. 36 critical illnesses will be covered under the policy.
Apart from this, the premium will remain fixed throughout the policy term, meaning that you will not have to worry about the increase in premium due to increase in inflation. Under this, the death of the policyholder has also been covered i.e. the family will not have to face financial problems in the absence of the policyholder.
so much premium
- Let us assume that the age of a male policyholder is 30 years.
- He is not an SBI staff and also does not smoke and is not a resident of Kerala.
- In this situation, for a cover of Rs 2.5 crore, a premium of Rs 35849 will have to be paid annually for a policy term of 10 years. That is, less than Rs 100 per day.
- In case of being a female, all other data such as age, coverage and policy term are same, then the annual premium will be Rs 34553.
Important things about the policy
- Entry Age: Minimum – 18 Years & Maximum – 65 Years
- Age at Maturity: Minimum – 28 years and Maximum – 75 years
- Basic Sum Assured: Minimum – Rs 20 lakh and Maximum – Rs 2.5 crore
- Premium Mode: Yearly / Half yearly / Quarterly
- Premium up to three months in monthly premium mode will be payable in advanced.
- Policy Term: 10,15,20,25 and 30 years
will get so much cover
- In the event of death, ten times the annual premium or 105% of the premium accumulated till death, whichever is higher, shall be payable to the nominee or legal heir.
- The Critical Illness Sum Assured will be available only once during the entire policy term.
- Under the Life Stage-Rebalancing feature, the automatic balance between the life cover and the Critical Illness (CI) cover gets created with the passage of the policy term. When buying a policy, Life Cover Sum Assured and CI Sum Assured remain in the ratio of 80:20 but after every year the CI Sum Assured increases and the Life Cover Sum Assured decreases in the same ratio. Annual CI cover for 10 year term is 15% as compared to initial CI SA, 15 year policy term 10%, 20 year policy term 7.5%, 25 25 year policy term 6% and 30 year policy term 5 percent increase over the period.
