SBI Life Poorna Suraksha Plan
SBI Life Poorna Suraksha Plan is a term insurance plan offered by SBI Life. In this, along with providing you cover in case of death, critical illness cover is also provided. In this term plan, you can avail insurance benefits as well as waiver of premium on diagnosis of any of the 36 critical illnesses.
In this term plan, you have to pay a fixed premium only during the policy term. This plan is available to you for a period of 10, 15, 20, 25, 30 years. You can choose the policy term as per your need.
Features Of SBI Life Complete Protection Plan
The features of SBI Life Poorna Suraksha Plan are as follows-
- SBI Life Complete Protection plan offers you the benefit of a comprehensive insurance coverage against death and critical illnesses. Thus this term plan gives you death benefit as well as critical insurance protection.
- All your future premiums are waived off on diagnosis of any one of the 36 critical illnesses covered in this term plan.
- The critical illness cover available in this term insurance plan increases on every policy anniversary while the premium remains fixed throughout the policy term.
- This policy is available for a term of 10, 15, 20, 25, 30 years.
Benefits Of SBI Life Complete Protection Plan
The benefits of SBI Life Poorna Suraksha Plan are as follows-
- Life Stage Rebalancing:
The ‘LifeStage Re-Balancing’ feature available in SBI Life Complete Protection Plan makes this term plan very attractive. It provides a rebalance between life cover and critical illness (CI) cover.
When you take this policy, the Basic Sum Assured is divided between Life Cover Sum Assured and Critical Illness Sum Assured in the ratio of 80:20.
The Critical Illness Sum Assured is increased on every anniversary of this policy. You do not have to pay any additional premium for this enhancement.
- Life Cover:
If the policyholder dies during the policy term, the sum assured is paid to the nominee by the policyholder.
- Critical Illness (CI) Benefit:
In SBI Life Complete Protection Plan, if the policyholder suffers from a critical illness, then on his diagnosis, he is paid the Critical Illness Benefit. Critical illness benefit is paid only once. Once paid it ends.
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- Premium Waiver Benefit:
You are provided with the benefit of premium waiver in SBI Life Complete Protection Plan. If you claim under Critical Illness Benefit and your medicine is accepted by the company then all your future diagnoses are waived off and the policy benefits continue for the rest of the policy term.
- Maturity Benefit:
You are not given any kind of maturity benefit under SBI Life Complete Protection Plan. This is a term plan in which you are not given any maturity benefit.
- Tax Benefits:
You are eligible for tax benefits under section 80C of the Income Tax Act 1961 on the premiums paid for this term plan.
SBI Life Complete Protection Plan Eligibility
SBI Life Poorna Suraksha Eligibility is as follows-
|Age at Entry||Min:18 Years Max: 65 Years|
|Age at Maturity||Min:28 Years Max: 75 Years|
|Basic Sum Assured||Min:20 Lakh Max: 2.5 Crore|
|Policy Term||10, 15, 20, 25, 30 Years|
|Premium Payment Term||Regular Premium|
|Premium Mode||Yearly/Half Yearly/Monthly|
Documents Required For SBI Life Complete Protection Plan
The documents required for SBI Life Poorna Suraksha Plan are as follows-
1. Duly filled policy application form
2. Latest Medical Report-
3. Identity Proof:
- Aadhar card,
- PAN card,
- driving license.
2. Age Proof:
- Aadhar card,
- Birth certificate,
- Matriculation Certificate.
SBI Life Complete Protection Plan Premium
SBI Life Complete Protection Plan is available to you for a term of 10, 15, 20, 25, 30 years. You can choose the policy term as per your requirement. You have to pay your premium for this policy on a regular basis. You can choose your premium mode as per your convenience.
In this plan you are provided with the option to choose the following premium mode for premium payment-
- semi annually,
How to Buy SBI Life Complete Protection Plan?
You can buy SBI Life Complete Protection Plan by visiting the official website of SBI Life. If you want to buy this term plan through offline, then for that you have to go to your nearest SBI bank branch. You can buy it through the bank branch.