Group Plans
SBI Life - Pradhan Mantri Jeevan Jyoti Bima Yojana
Synopsis:
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This plan offers –
- Security – to cover an eventuality
- Simplicity – easy enrollment and swift processing with no medical examination
- Affordability – through nominal premiums across all ages
Benefits:
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Security:
Transfer the management of your annuity liabilities
Members enjoy the protection of a fixed income
Reliability:
Fixed income benefits for your group members, enabling them to maintain their financial independence.
Flexibility:
Choose the periodicity of annuity payment
Choice of two annuity options
| Age at Entry |
Minimum: 18 Years(Age Last Birthday) |
| Maximum: 50 Years (Age Nearest Birthday) |
| Policy Term |
One year Renewable |
| Sum Assured |
Rs.200,000 |
| Premium Amounts |
Rs.330 (Exclusive of Service Tax* and inclusive of Rs.41 towards administrative charges of participating banks |
| Lien Period |
45 days from the date of enrollment into scheme |