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SBI life poorna suraksha plan
SBI Term Insurance
SBI Life Poorna Suraksha
SBI Life Poorna Suraksha is a pure protection plan with critical illne ...Read More
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About SBI Life Poorna Suraksha
A quick read on what this SBI Term Insurance term plan covers and why it might be a fit for you.
SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness cover. This Plan is designed by SBI Term Insurance to provide comprehensive protection to customers through lump-sum life insurance coverage and financial support for critical illnesses.
There's a unique feature of the plan called the 'Life Stage Re-balancing' that optimizes the level of protection covered by rebalancing between life cover and critical illness cover. Under this feature, the sum assured amount for the life cover reduces over the term whereas that of critical illness cover increases. And the best part about all this is that the premium amount remains the same throughout the term of the policy.
This plan offers life cover to 36 critical illnesses which is helpful for the policyholders to enhance their requirements with age. SBI Life Poorna Suraksha plan comes with the thought of 'Reverse Parenting' i.e., a child's precious gift to their beloved 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 most affordable ways to reciprocate the same. Hence, a bunch of happiness exists in this 'Suraksha' policy.
SBI Poorna Suraksha Plan offers you a range of benefits including:
- In-built Premium Waiver
- Critical Illness Cover
- Tax Benefits As Per Laws
- Life Cover Up To 75 Years
- Life-Stage Rebalancing
- High Sum Assured Discounts
Eligibility Criteria for SBI Life Poorna Suraksha
Entry age
Minimum Age - 18 years Maximum Age - 65 years
Maturity age
Minimum maturity age: 28 years, Maximum Maturity Age - 75 years
Policy term
Minimum term - 10 years Maximum term - 30 years
Sum assured
Basic Sum Assured: ₹20L to ₹2.5 Cr
Policy loan
The policy loan is not available under SBI Life Poorna Suraksha Plan.
Payment Modes
Yearly, Half-Yearly, and Monthly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- In-built Premium Waiver
- Critical Illness Cover
- Life-Stage Rebalancing
Cons
- No Policy Loan
- No Surrender Value
- No Maturity Benefit
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
SBI Term Insurance | Best Life Insurance Policy In India
Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹5L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - RP
How Does SBI Life Poorna Suraksha Plan Work?
Let's understand how the SBI Life Poorna Suraksha Plan works with a simple premium illustration.
Problem
Mr Mukesh, a 30-year-old govt employee, is looking for a term plan that offers life cover and critical illness cover under the same plan.
Solution
His financial advisor advised him to buy the SBI Life Poorna Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Poorna Suraksha Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,181/month | ₹14,172/year | 30 years | ₹4,25,160 | ₹1 Crore |
Key Takeaways: If he is diagnosed with a critical illness, he'll receive the CI cover, and future premiums will be waived, and the policy will continue till maturity. Upon his unfortunate demise during the policy term, ₹1 Cr is paid to his family as a death benefit.
Riders Associated with SBI Poorna Suraksha Plan
You can add the following riders to your SBI Life Poorna Suraksha Plan:
SBI Life Accidental Death Benefit Rider
Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.
SBI Life Accidental Total and Permanent Disability Rider
Accidental Total and Permanent Disability Riders cover the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Features of SBI Life Poorna Suraksha
Key features that make SBI Life Poorna Suraksha stand out.
Fixed PremiumBenefit
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.
Payout in Additionto Other Plans
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.
Tax Benefits
With this plan, the policyholder can avail of tax benefits under Section 80C and Section 80D of the Income Tax Act, 1961, as applicable.
High Sum AssuredDiscounts
Get an additional discount on premium for a high sum assured amount.
Benefits of SBI Life Poorna Suraksha
Here are the key benefits of the SBI Life Poorna Suraksha.
Unique 'Life-StageRebalancing'
Life stage rebalancing is a unique feature that helps in balancing the coverage between life and critical illness. With every passing year, the critical illness sum assured would increase and likewise, the life cover sum assured would decrease by an equal amount.
Coverage for 36Critical Illnesses
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.
Waiver ofPremium
Another unique feature of the plan is that it provides a waiver of premiums if diagnosed with any listed critical illness.
Life Cover Benefit
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.
What are the exclusions of SBI Life Poorna Suraksha Plan
Here is the list of exclusions associated with the plan:
- Death occurred due to a pandemic is not covered by the company.
- Death caused due to any type of adventure sports.
- Death by consumption of any type of drugs and alcohol.
- Death due to any pre-existing disease that isn't mentioned during the start of the policy.
- If a policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee.
Conclusion
SBI Life Poorna Suraksha plan is a one-shop stop for all your needs, whether you want a high life cover or critical illness cover. It offers multiple built-in benefits, such as an in-built premium waiver, critical illness cover, life-stage rebalancing, a high sum assured discount, etc. If you want to know more about the best term insurance plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
Conclusion
SBI Life Poorna Suraksha plan is a one-shop stop for all your needs, whether you want a high life co
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SBI Poorna Suraksha: FAQs
The 13 most-asked questions about SBI Life Poorna Suraksha, answered.
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.
As per IRDAI guidelines, there is a lock-in period of five years that needs to be completed by the policyholder to receive any payout benefit. To surrender your SBI Life Poorna Suraksha policy, you should fill a Surrender Request Form and submit it to the nearest SBI Life Branch.
SBI Life Poorna Suraksha and SBI eShield- both of these are term insurance plans but have differentiating features and benefits. The Poorna Suraksha plan offers an add on critical illness benefit and is designed to provide financial protection to the people who are more prone to get diagnosed with a critical illness. Whereas, eShield plan comes with Level Cover Benefit and Increasing Cover Benefit feature along with an accidental death rider and accidental total & permanent disability rider. As a customer, you should first carefully analyse your as well as your family’s needs and then select a plan that matches your requirements.
Yes, SBI Poorna Suraksha covers 35 critical illnesses.
No, the SBi Life Poorna Suraksha plan does not offer any maternity benefit.
No, SBI Poorna Suraksha Life Insurance does not participate in the profits of the company.
The entry age for ICICI Prudential Life Insurance iProtect Smart Plus Term Plan is 18-65 years, policy term from 5 years to 99 years, and sum assured from ₹25 lakh–₹20 crore, subject to underwriting approval.
If you miss a premium payment, there is a grace period of 15 days for monthly and 30 days for yearly. If you have not paid the premium during that time, the policy also lapses, which can only be revived by paying the dues.
Yes, there are tax benefits. Premiums are eligible for deductions under section 80C. Death benefit is tax‑free under Section 10(10D).
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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