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  • SBI Life - Sampoorn Suraksha

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    SBI Life - Sampoorn Suraksha is a group term insurance plan offered by SBI Life Insurance Company. The plan can be availed by various official and informal groups such as borrower and depositor Groups, employer and employee groups and professional and affinity Groups. This plan can be renewed annually, and it offers enhanced protection at affordable rates of interest.

    Eligibility Conditions for SBI Life - Sampoorn Suraksha

    Minimum entry age

    18 years.

    Maximum entry age

    69 years.

    Maximum maturity age

    70 years.

    Key Features of SBI Life - Sampoorn Suraksha

    Plan type

    1 year group life insurance plan.

    Sum assured

    Minimum sum assured: Rs. 1,000 per individual member.

    Maximum sum assured: Rs. 25, 00, 00,000 per each group.

    Premium payment term


    Grace period

    15 days for monthly premium mode policies and 30 days for other mode policies.

    Premium payment frequency

    Monthly, half-yearly, qutaerly, and annually.

    Medical examination

    Not required.


    The plan can renewed annually.

    Free look period

    15 days


    Nomination is accepted under this plan.

    Group size

    Minimum: 10 members.

    Policy revival

    The policy can be revived within 2 years from its lapse.

    Policy coverage

    Death benefits and riders.

    Benefits/Advantages of SBI Life - Sampoorn Suraksha Plan

    The SBI Life - Sampoorn Suraksha plan helps you enjoy the following benefits:

    • Death benefits: Following the death of the master policyholder, the SBI Life - Sampoorn Suraksha plan provides death benefits to select nominees. These benefits are payable in installments.
    • Tax benefits: The policyholder may receive tax benefits on the premiums paid for this policy under section 80 C of the Indian Income Tax Act, 1961.
    • The plan enables you to enjoy 24/7 coverage as and when you need, across the globe.
    • You can financially support your dependents and family members and protect them against future unpredictabilities with the help of this plan.
    • Benefits received under this policy is expected from income tax as per section 10(10D) of the India Income Tax Act, 1961.
    • The SBI Life - Sampoorn Suraksha work plan offers portability via its convertibility option.

    How SBI Life - Sampoorn Suraksha Work

    The SBI Life - Sampoorn Suraksha is a group life insurance plan and can be purchased by a group of minimum 10 members. The master policyholder can choose to pay premiums on yearly, half-yearly, quarterly and monthly basis. In case the master policyholder dies within the policy tenure, the policy will pay death benefits to designated nominees in instalments. It is a one year plan that can be renewed annually. Besides, the policy offers a number of optional covers such as Spouse Cover Benefit, Terminal Illness Benefit etc.

    Premium Payment

    Listed below are different percentages of premium you need to pay for different modes under the SBI Life - Sampoorn Suraksha plan.

    Modes of premium payment

    % of annual premiums







    Riders Available Under SBI Life - Sampoorn Suraksha Plan

    The SBI Life - Sampoorn Suraksha offers a total of 8 riders which include:

    1. SBI Life - Accidental Total Permanent Disability - 111B009V02.
    2. SBI Life - Accident and Sickness Total Permanent Disability - 111B013V02.
    3. SBI Life - Accidental Partial Permanent Disability - 111B006V02.
    4. SBI Life - Accelerated - Core Critical Illness - 111B011V02.
    5. SBI Life - Accelerated- Extended Critical Illness - 111B008V02.
    6. SBI Life - Additional - Core Critical Illness - 111B012V02.
    7. SBI Life - Additional - Extended Critical Illness - 111B010V02.
    8. SBI Life - Accidental Death - 111B007V02.

    The above-mentioned riders are all group riders and the term of each rider is 1 year.

    A joint venture of State Bank of India and BNP Paribas Cardif, the SBI Life Insurance Company offers a number of group life insurance plans to help you protect your family members and dependents against future uncertainties.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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