SBI Life Sampoorna Suraksha Plan
- Lump Sum Payouts
- Sum Assured Reset Benefit
- Waiver Of Premium Benefit
In an unpredictable world safeguarding yourself and your family's future against any serious disease or forbidden threat of critical illness, such as cancer is of utmost importance. Introducing SBI Life Sampoorna Cancer Suraksha a term insurance plan diligently designed to offer you and your loved ones financial security and peace of mind during difficult times. This term insurance plan is not just another cancer policy, it shields you against various stages of cancer diagnosis, including Carcinoma in Situ (CIS), Early Stage Cancer, Major-Stage Cancer, and even formidable advanced-stage cancer. Let's embark on a journey of this insurance policy that promises to safeguard your well-being and your family's future.
To get a better understanding of this plan, let's study more about its benefits, and eligibility criteria in detail.
SBI Life Sampoorna Cancer Suraksha Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 75 years
Minimum term - 5 years Maximum term - 30 years
Basic Sum Assured: ₹10L to ₹50L
The policy loan is not available under SBI Life Sampoorna Cancer Suraksha Plan.
Half Yearly, Quarterly, and Monthly
Let's understand how the SBI Life Cancer Sampoorna Suraksha Plan works with a simple premium illustration.
Mr Anuv, aged 25 years, is looking for a protection plan that offers cancer coverage because his family has a family medical history of cancer.
His financial advisor advised him to buy the SBI Life Cancer Sampoorna Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Cancer Sampoorna Suraksha Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 25 years | ₹1,218/month | ₹14,616/year | 30 years | ₹4,38,480 | ₹50 Lakhs |
Key Takeaways: If he is diagnosed with minor cancer, he'll receive a lump sum payout of 30% of the sum assured amount. All his future premiums till the end of the policy term will be waived, and the policy will continue till the policy term. On diagnosis of any major stage cancer, he'll receive a lump sum payout of the balance of 100% of the sum assured amount.
Here are the benefits associated with the SBI Life Sampoorna Suraksha Plan
30% of the sum assured is paid, and the policyholder can claim CIS and Early Stage Cancer Benefit during the policy term, up to a maximum of 60% of the sum assured. Future premiums are waived.
The remaining 100% of the sum assured is payable after deducting any benefits paid earlier for Minor stage cancer. Future premiums are waived. The policyholder can choose a monthly income benefit for 3 years.
150% of the sum assured is payable and if any benefits are paid earlier it is deducted.
The insured can restore the sum assured after 3 years from a valid minor and major cancer claim, provided no further cancer diagnosis occurs during this period. This benefit is available once during the policy term and is applicable after the advanced-stage cancer claim.
Discount on large Sum Assured are available as discounts on the tabular premium based on the different slabs.
You can add the following riders to your SBI Life Cancer Sampoorna 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 Rider covers 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 Cancer Sampoorna Suraksha is a comprehensive plan designed to offer financial security against various stages of cancer. With stages of lump-sum payouts and additional benefits, it provides essential coverage for policyholders at their families. If you want to know more about the 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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Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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