SBI Life Poorna Suraksha
- Cover 36 Critical Illness
- Avail Premium Waiver
- Avail Fixed Premium
SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness cover. This Plan is designed by SBI Term Insurance to provide comprehensive protection to customers through lump-sum life insurance coverage and financial support for critical illnesses.
There's a unique feature of the plan called the 'Life Stage Re-balancing' that optimizes the level of protection covered by rebalancing between life cover and critical illness cover. Under this feature, the sum assured amount for the life cover reduces over the term whereas that of critical illness cover increases. And the best part about all this is that the premium amount remains the same throughout the term of the policy.
This plan offers life cover to 36 critical illnesses which is helpful for the policyholders to enhance their requirements with age. SBI Life Poorna Suraksha plan comes with the thought of 'Reverse Parenting' i.e., a child's precious gift to their beloved parents. As they become old, it is the responsibility of children to take care of their parents and this plan is one of the best and most affordable ways to reciprocate the same. Hence, a bunch of happiness exists in this 'Suraksha' policy.
SBI Life Poorna Suraksha Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 75 years
Minimum term - 10 years Maximum term - 30 years
Basic Sum Assured: ₹20L to ₹2.5 Cr
The policy loan is not available under SBI Life Poorna Suraksha Plan.
Yearly, Half-Yearly, and Monthly
Let's understand how the SBI Life Poorna Suraksha Plan works with a simple premium illustration.
Mr Mukesh, a 30-year-old govt employee, is looking for a term plan that offers life cover and critical illness cover under the same plan.
His financial advisor advised him to buy the SBI Life Poorna Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Poorna Suraksha Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,181/month | ₹14,172/year | 30 years | ₹4,25,160 | ₹1 Crore |
Key Takeaways: If he is diagnosed with a critical illness, he'll receive the CI cover, and future premiums will be waived, and the policy will continue till maturity. Upon his unfortunate demise during the policy term, ₹1 Cr is paid to his family as a death benefit.
Here are the benefits associated with the SBI Life Poorna Suraksha
Life stage rebalancing is a unique feature that helps in balancing the coverage between life and critical illness. With every passing year, the critical illness sum assured would increase and likewise, the life cover sum assured would decrease by an equal amount.
The plan provides coverage against 36 listed critical illnesses. The insured person can avail of the effective critical illness sum assured amount if they are diagnosed with any of the covered critical illnesses.
Another unique feature of the plan is that it provides a waiver of premiums if diagnosed with any listed critical illness.
In case of death of the life insured, the sum assured on death would be paid to the nominee or legal heir, as the case may be.
You can add the following riders to your SBI Life Poorna Suraksha Plan:
Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Riders cover the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Here is the list of exclusions associated with the plan:
SBI Life Poorna Suraksha plan is a one-shop stop for all your needs, whether you want a high life cover or critical illness cover. It offers multiple built-in benefits, such as an in-built premium waiver, critical illness cover, life-stage rebalancing, a high sum assured discount, etc. If you want to know more about the best term insurance plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
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