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SBI Life Grameen Bima Yojana is a simple, hassle-free microinsurance plan that provides financial security for your dependents after your absence.
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.
This plan doesn't require any medical examination test to purchase; only the satisfactory health declaration form is required.
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 |
Smart Swadhan Plus |
* 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.
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