SBI Life Rinn Raksha Flier

Your family inherits happiness.
Not your liabilities.
The dream house, the best education for your kids, the latest car, an overseas family vacation and much more. To fulfill these aspirations, most of us
don't hesitate to avail loans.
Now, with SBI Life – RiNn Raksha, A Group Non linked, Non-participating, Credit Life Insurance Product, you can rest assured that your family will
always enjoy the assets, which you so lovingly acquired, without worrying about any liabilities.
KEY FEATURES:
A comprehensive benefit package that can be customized to cover your debts in case of death or disability.
Wide variety of loans covered - Housing Loans, Car Loans, Educational Loans, Property Loans, Personal Loans and other loans.
Lives of up to 2 co-borrowers in addition to the primary borrower can also be covered.
Multiple Premium Payment Term options - Single Premium and Level Premiums payable for 5 years or 10 years.
Tax benefits*as per prevailing tax laws.
*Tax benefits, are as per the Income Tax laws & is subject to change from time to time. Please consult your tax advisor for details.
FOR MORE DETAILS:
(UIN: 111N078V03)
» Analyse your Insurance and Investment needs

» Understand the product in detail
» Know the tenure of Renewal Premium Payments
PLAN AT A GLANCE
Age^ at Entry Minimum: 16 years Maximum: 70 years

Maximum Age^ at maturity 75 years
Policy Term and Premium Payment
Mode Premium Payment Mode
Policy Term
Minimum Maximum
Single Premium 2 years
Premium Payment Term - 5 years 8 years 30 years
Premium Payment Term - 10 years 15 years
Sum Assured Minimum : `. 10,000 per member

(in multiples of Re.1) Maximum : Based on Underwriting
Death Benefit Outstanding loan balance at the time of death as per the amortization schedule at a rate of
interest specified at the time of inception of the insurance cover.
Maturity Benefit Nil
Co-Borrower Insurance Co-borrowers can opt for life insurance coverage in one of the following manners:
1. Each of the co-borrowers will be covered for 100% of the loan amount. If partial loan
coverage is chosen, cover amount chosen by the primary borrower shall apply for the co-
borrowers as well. In case of death of any one of the borrowers, the outstanding loan
amount is paid and the surviving borrower(s) would be eligible for the applicable surrender
value/s. On payment of surrender value/s, the insurance cover will cease on the life of the
surviving borrower(s).
2. Each of the co-borrowers will be covered to the extent of their liability on the loan, i.e.,
insuring one joint borrower for less than 100% of the loan, and the other borrower for the
reminder of the loan. In case of death of any one of the borrowers, the respective
outstanding loan amount as per eligibility of the deceased borrower will be be paid and the
insurance cover of the surviving borrower(s) would continue for his / her respective
outstanding loan amount and for the balance repayment period.
^All the references to age are age as on last birthday.
All the product features under this plan shall be chosen by the Master policy holder in his capacity as the group administrator. Only features
chosen by the Master policy holder shall be made available to the group members, based on eligibility. A group member can choose from the
options/ features made available to him/ her by the Master policy holder.
(UIN: 111N078V03)
Toll Free: 1800 267 9090 SMS - “CELEBRATE” to 56161 Visit us at: www.sbilife.co.in E-mail: [email protected]
(Between 9:00 am to 9:00 pm)
Follow us on: /sbilifeinsurance | /sbilifeinsurance | /sbilife
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone
calls are requested to lodge a police complaint.
These are only the brief features of the plan .For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license. SBI Life Insurance Company Limited. Registered & Corporate Office:
Natraj, M. V. Road, & Western Express Highway Junction, Andheri (East), Mumbai - 400 069. IRDAI Regd. No. 111. CIN: L99999MH2000PLC129113.
70.ver.09-07-20 F ENG

SBI Life Rinn Raksha Flier

Uploaded by

Copyright:

Available Formats

SBI Life Rinn Raksha Flier

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

SBI Life Rinn Raksha Flier

Uploaded by

Copyright:

Available Formats

Your family inherits happiness.

Not your liabilities.

FOR MORE DETAILS:

» Analyse your Insurance and Investment needs

Age^ at Entry Minimum: 16 years Maximum: 70 years

Sum Assured Minimum : `. 10,000 per member

^All the references to age are age as on last birthday.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

You might also like