SBI Life Insurance is one of the leading life insurers in India. It is a joint venture between the State Bank of India (SBI) and BNP Paribas Assurance based in France. SBI owns 74% of the total capital and the remaining is owned by BNP Paribas Assurance.
State Bank of India is India' biggest bank and also counted among the biggest in Asia. It has seven associate banks. It is the bank with the biggest number of branches and network. It has more than 14,500 branches across the country.
SBI Life Insurance uses the extensive network of State Bank of India to sell its life insurance products. It offers all types of insurance products like home, car, and personal loans.
Term -> SBI Saral Shield
|Minimum Sum Assured||750000|
|Maximum Sum Assured||2400000|
|Minimum Entry Age||18|
|Maximum Entry Age||60|
|Maximum Maturity Age||65|
|Payment Frequency||Monthly,Quarterly,Half Yearly,Yearly|
|Coverage||Level Term Assurance Decreasing Term Assurance (Loan Protection) Decreasing Term Assurance (Family Income Protection)|
|Exclusions||In case the life insured commits suicide within one year of the date of issue of the plan or date of revival, the beneficiary would not receive any of the benefits outlined in the plan.|
|Grace Period||Information Not available|
|Pre Mandatory Medical||Information Not available|
|Cost Health Checkup||Information Not available|
|Number of Riders Covered||Information Not available|
|Riders||Information Not available|
|Surrender Value||Information Not available|
|Revival Laps Policy||Information Not available|
|Cancellation Clause||Information Not available|