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SBI Life is synonymous with trust and respect, values that have been attracting customers ever since the company’s inception. SBI Life offers customers a number of unique plans, both for individual requirements as well as group.
Some of the group products offered by SBI Life are Group Micro Insurance Plans. These plans are tailored to suit the needs of groups that have reduced household income and relatively low savings. Therefore, these plans are highly affordable yet beneficial with the provision of adequate protection. These insurance plans act as a security blanket for customers in case of unfortunate events.
SBI Life offers one micro insurance plan as of now, which is the SBI Life - Grameen Shakti plan which provides customers with a refund of premiums at policy maturity.
Group Micro Insurance Plans come with a number of advantages as given below:
This insurance plan ensures that groups such as NGO’s or Micro Financial Institutions enjoy the benefits of a life insurance at a reasonable rate.
|Age at entry (in years)||Policy Tenure||Sum Assured (in multiple of Rs.5,000)||Premium Amount in Rs. (this amount does not include applicable taxes)||Premium Payment Frequency|
One of the most well-known and respected insurance providers in the country. The Group Micro Insurance plan is meant for those groups that have low household income but wish to protect themselves. This plan is beneficial to weaker sections of society such as those who are funded by NGOs or even Micro Financial Institutions. These plans are flexible in terms of premium payments and also guarantee good returns.
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