SBI Life Poorna Suraksha
SBI Life Poorna Suraksha
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SBI Life Poorna Suraksha

Critical illness is a major problem that arises with time in the old age and it becomes quite burdensome to bear the treatment expenses related to it. Luckily, SBI has a solution to address it. SBI has launched a new Life Poorna Suraksha plan which is a non-participating and non-linked term insurance plan with built-in critical illness coverage. This plan is designed to provide protection and life coverage against critical illness. This product is a unique plan introduced by SBI in the insurance market as it comprises of all the features in a single life insurance plan.

SBI Life Poorna Suraksha plan offers life cover to 36 critical illnesses which is helpful for the policyholders to enhance their requirements with age. The plan comes with the thought of ‘Reverse Parenting’ i.e., a child’s precious gift to his/her beloved parents. With this perception, it is the child who is showing his/her love and care towards their 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 affordable ways to reciprocate the same. Hence, a bunch of happiness exists in this ‘Suraksha’ policy.

SBI Life Poorna Suraksha Plan: Features

  • The plan is a complete bundle of joy, consisting of 36 critical illnesses covered.
  • It provides a waiver of premiums if diagnosed with any listed critical illness.
  • No worries to pay higher premiums in future; the rates of premium are fixed in the plan.
  • Simple automatic adjustments of the Sum Assured on all policy anniversaries between life cover and critical illness cover.
  • Increasing critical illness benefits every year, while the premium will remain consistent.

SBI Poorna Suraksha Policy Benefits

Rebalancing Life Stage Benefit

This benefit of the plan is special as it balances 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 the decreasing Life Cover Sum Assured, the Critical Illness Sum Assured increases and the Sum Assured will change only once at every policy year.

Policy TenureAn annual % increase of Basic Critical Illness Sum Assured

Life Cover Benefit

The nominee shall be payable with the effective Sum Assured on death benefit in the event of an unfortunate demise of the life insured.

Critical Illness (CI) Benefit

If the policyholder is diagnosed with any listed critical illness, the effective critical illness benefit will be paid. This benefit can be enjoyed only once and will terminate after paying the same.

Waiver of Premium (WOP) Benefit

On diagnosis of critical illness, all the future premiums shall be waived off for this insurance plan. After this benefit is applied, the Life Stage Rebalancing will stop and the life cover Sum Assured will continue thereafter.

SBI Poorna Suraksha Policy Eligibility Criteria

Entry AgeMin: 18 years
Max: 65 years
Maturity Age75 years (Maximum)
Sum AssuredMin: Rs. 20 lakhs
Max: Rs. 2.5 crores
Policy Tenure10, 15, 20, 25, 30 years
Premium Paying ModeYearly, half-yearly, monthly
Premium Paying FrequencyHalf-yearly: 51.00% of the annual premium
Monthly: 8.50 % of the annual premium
Premium AmountMinimum:
Yearly: Rs. 3,000
Half-yearly: Rs. 1,500 Monthly: Rs. 250
Yearly: Rs. 9,32,000
Half-yearly: Rs. 4,75,000 Monthly: Rs. 80,000

SBI Life Poorna Suraksha Plan: Supporting Details

High Sum Assured Rebate

Basic Sum Assured (BSA)Rebates on tabular premium per 1,000 Basic Sum Assured
Rs. 20 Lac < SA < Rs. 50 LacNil
Rs. 50 Lac < SA < Rs. crore10%
Rs. 1 crore < SA < Rs. 2.5 crore15%

Free look Option

If the life insured is not satisfied with the clauses of the policy, he/she can cancel the policy within 15 days from the inception of the policy by declaring valid reasons for the objection. This is called a free look period. The company will refund the paid premiums which include any deductions like medical expenditure and stamp duty charges (if any).

Grace Period & Renewability

The Life Poorna Suraksha plan provides a grace period of 30 days from the due date of premium to make premium payments for the policy. This is only applicable for annual and semi-annual premium payments. The grace period for monthly premium payment is 15 days.

On the other hand, if the policy has lapsed, it can be renewed within 2 years from the date of first unpaid premium provided that the insured will submit appropriate evidence to the insurer.

Surrender/Paid-up Value

No Surrender or Paid-up Value is applicable under the SBI Life Poorna Suraksha Plan.

SBI Life Poorna Suraksha Plan: Documents Required

The policyholder needs to carry the following required documents to successfully apply for SBI Life Poorna Suraksha Plan:

  • Documents for Proof of address and identity.
  • Income certificate.
  • Age proof.
  • Medical reports (if any).


There are some permanent exclusions under the plan which are not covered in the policy, let us have a look at the following:

  1. Injury or any disease caused due to invasion or war, an act of foreign enemies, martial attacks, civil war, etc.
  2. Pre-existing diseases.
  3. Any disease occurs due to the utilization of intoxicating substances like drugs, alcohol, smoking, etc.
  4. Congenital defect or any related diseases which are revealed or diagnosed before the 18 years of age of the policyholder.
  5. Any psychiatric, mental and behavioral disorders.
  6. If the policyholder attempts, or commits suicide within 1 year after the initiation date of the policy or from the renewal date of the policy, the nominee of the plan will be eligible for 80% of the paid premiums subject to the policy is active or in-force.

SBI Life Poorna Suraksha Policy Review

SBI Life Poorna Suraksha Plan is highly recommended for the individuals who want to secure themselves or anyone in their families against critical illnesses. Most of the life insurance plans offer an option for the addition of a critical illness rider in their life insurance policy. But SBI Life Poorna Suraksha Plan is the only plan that provides coverage for both and covers 36 critical illnesses. You do not need to pay any extra premiums to get cover for critical illnesses. Also, the premium for the policy remains constant throughout the policy tenure and the critical illness Sum Assured will go on increasing. This makes it a comprehensive plan that is full of benefits which best suits the necessities of the policyholder.


Yes, the plan offers coverage to NRIs.

No, the SBI Life Poorna Suraksha Plan does not provide cover for STDs.

No, the plan does not cover the treatment costs outside the country.

No, the plan does not offer any maternity benefits.

No, the plan is not participating and hence do not declare any bonuses or profits of the company.

Last updated on 21-12-2020