SBI Life Insurance Swadhan Group Plan

Swadhan (Group) is a Non Participating Group Term Insurance Plan with Return of Premium. It is a simple and easy solution which offers dual benefits of life cover protection in the event of death and refund of premium in case of survival up to the end of the cover term.

Key Features:

 

Eminently affordable premium rates
Complete protection during cover term
Refund of part/full basic premiums paid, depending on the Term of insurance Cover
Choice with regard to Term of Insurance Cover and Sum Assured
Flexibility to choose appropriate premium payment modes
Simple and convenient joining process
Hassle free and efficient claims settlement
Revival facility is made available within 2 years from the first unpaid premium due date. 
*Certain features may differ for different Master Policies.

Exclusions:

 

Death due to natural causes within the first 45 days from cover start date
Death due to suicide within one year from cover start date

 

You may download the official brochure of this plan from here.

This article was updated on November 26, 2023