No Spam
No
mis-selling
No pushy
sales
Grameen Bima
503-/ per month
VS
Promise2protect
543-/ per month
According to IRDAI, a medical examination test is necessary for purchasing any Yojana. However, sometimes, a delay in a report or minor health issues could delay the chances of obtaining the policy. So today, we have got you a government scheme that doesn't require a medical examination test to purchase.
Yes, you heard it correctly. The plan we are going to discuss today is the SBI Life Grameen Bima Yojana, which doesn't require any medical examination test to purchase; only the satisfactory health declaration form is required.
SBI Life Grameen Bima Yojana is a simple, hassle-free microinsurance plan that provides financial security for your dependents after your absence. With affordable premiums and ease of purchase, this plan is gaining popularity among consumers of all sectors in India.
SBI Life Grameen Bima Yojana offers you a range of benefits including:
| PLAN DETAILS |
Grameen Bima |
Promise2protect |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 60 years | Maximum maturity age- 80 years |
| Plan Sum Assured | Basic Sum Assured: ₹10 K to ₹50 K | Base sum assured- Rs 15 lakhs to No limit |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 50 years | Minimum age- 18 years, Maximum age- 60 years |
| Plan Payment modes | One time payment at policy inception | Yearly, half-yearly, quarterly, and monthly |
| Plan Policy loan | The policy loan is not available under SBI Life Grameen Bima Yojana Plan. | Policy loan is not available with this plan |
| Plan Sample Premium | Rs 503-/ per month | Rs 543-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | 5 years | Minimum policy term- 5 years, Maximum policy term- (80- Entry age) |
| Claim Settlement Ratio (2024-25) | 98.83% | 99.43% |
|
SBI Term Insurance | Best Life Insurance Policy In India |
||
* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
You can add the following riders to your SBI Life Grameen Bima Yojana:
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.
Consult for Personalized Insurance Advice
Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.
2862-1768461875.png)
4573-17437572564599-1745910534.png){kind=logo}
