SBI Poorna Suraksha

This is one of the unique benefits of the SBI Life Poorna Suraksha plan. Life stage rebalancing is a unique feature that helps in balancing the coverage between life and critical illness. The sum assured is divided in a ratio of 80:20 for life cover and critical illness cover respectively at the inception of the plan.

With every passing year, the critical illness sum assured would increase and likewise, the life cover sum assured would decrease by an equal amount. This change in sum assured would happen only on the policy anniversary. The total base sum assured (Life Cover SA + CI SA) would remain the same throughout the policy term.

The percentage of increase in the critical illness cover is mentioned in the table below:

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. To avail of this benefit, there is a waiting period of 90 days from the date of commencement under which no benefit will be provided. Also, this plan has a survival period of 14 days under which the policyholder is required to survive for at least 14 days from the date of diagnosis of the covered critical illness.

Given below is a list of 36 critical illnesses against which the plan provides coverage. Let's check them out.

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.

Another useful benefit of this plan is that the premium amount remains the same throughout the policy term, irrespective of the increase in the policyholder's age or increase in critical illness coverage.

This feature provides you with the benefit of claiming the CI benefit from this policy independent of any other health insurance cover that you may have with any insurer since SBI Life pays the lump-sum benefits irrespective of the actual bill amount.

With this plan, the policyholder can avail of tax benefits under Section 80C and Section 80D of the Income Tax Act, 1961, as applicable.