SBI Life Insurance Suraksha Plus Plan
 SBI Life - Suraksha Plus a pure term non participating product for all types of Groups such as Employer - Employee Groups, Credit Card / Banks / Mutual Fund Customer and any group of people sharing a common view, at a very affordable premium wherein SBI Life aims at Protecting your members and their family under all circumstances. | ||||||||||||
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| • | Flexible Option to select the Cover Term | |||||||||||
•• • | Minimum Single Premium (SP) Mode : 1 YearMinimum Regular Premium (RP) Mode : 2 Years Maximum Term : 30 Years | |||||||||||
| • | Wide choice of Sum Assured available | |||||||||||
| • | Rs. 1,000/- per Member to Maximum no limit (in multiplies Rs. 1/-) | |||||||||||
| • | Multiple premium payment mode options available | |||||||||||
| • | You can pay a Single Premium or pay regularly either yearly, half yearly, quarterly or monthly | |||||||||||
•• • | Free Cover Limit facility availableCover spouse and /dependant parent(s) of your member You have the choice to select any of the below options* in addition to basic life cover* of your member | |||||||||||
•• • | Option 1 : Accidental Death Cover for the Group MemberOption 2 : Basic Life Cover +Accidental Death Cover for Spouse/Dependent Parent(s) of the Group Member Option 3: Accidental Death cover for Spouse and / Dependent parent(s) | |||||||||||
| • | Surrender facility available for Single Premium mode. | |||||||||||
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| • | Maturity Benefits : No maturity benefits payable as it is a Pure term Product | |||||||||||
| • | Death Benefit : | |||||||||||
| • | For a Group Member: | |||||||||||
| •• | In case of death due to any reasons, the Basic Sum Assured is payable.If option 1 is choosen, in case of death due to accident, an additional accidental sum assured will also be payable. | |||||||||||
| • | If option 2 is chosen: | |||||||||||
| • | In case of death due to any reasons, the basic sum assured for spouse/ dependent parent(s) is payable. | |||||||||||
| • | in case of death due to accident, an additional accidental sum assured for spouse / dependent parent(s) will also be payable. | |||||||||||
| • | If option 3 is chosen, in case of death due to accident, the accidental sum assured will be payable for the cover of spouse / dependent parent(s). | |||||||||||
| Grace Period A 30 days grace period is available for all modes except monthly which is 15 days. | ||||||||||||
You may check Generic Benefit Illustrator of this plan from here.