INSUBCONTINENT EXCLUSIVE:
The minimum sum assured under SBI Life's Grameen Bima is Rs 10,00.
It offers SBI Life Grameen Bima, which is a pure term, micro-insurance plan that helps to provide financial security for one's family at a
reasonable cost, according to SBI Life Insurance on its official website - sbilife.co.in
Under the scheme, customers are entitled to life cover with one-time premium payment and without the requirement of a medical examination,
The holders of the policy are also eligible for income tax benefits or exemptions.Key things to know about SBI Life's Grameen
However, the premium amount has to be in multiples of Rs 100
SBI Life's Grameen Bima scheme, there is a single premium frequency
However, there is no maturity benefit under this plan.Sum Assured: The minimum sum assured under the scheme is Rs 10,000 and maximum of Rs
In different age bands, the assured amount of money differs
In the 18-39 age group, sum assured is 60 times of total premium paid
In the 45-50 age group, sum assured is 25 times of total premium paid.
