• SBI Life - Sampoorn Suraksha

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    Fees & Charges

    Promised Interest Rate

    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Responsiveness

    Overview

    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

    Annual

    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.

    Renewability

    The plan can renewed annually.

    Free look period

    15 days

    Nomination

    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

    Qutaerly

    26.5%

    Monthly

    8.9%

    Qutaerly

    26.5%

    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

    SBI Life Sampoorn Suraksha Plan Reviews

  • Page 1 of 25 1 2 3 4 5
    • SBI Life Life Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I have take life insurance from Sbi life . Am satisfied with the premium amount . This policy covers accidental coverage and critical illness . Every 3 month i had to pay through cheque. They gave the tenure period of 13 years with 55years of policy coverage. Their customer service and response is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 17, 2018
    • SBI Life Life Insurance
      "Better Policy"
      0.5 5.0/5 "Blown Away!"
      Total tenure of the policy is 20 years. It is a cashback policy. Every 5 years i will get 10%. Every 5 years they will give the cashback policy. Once in 5 years, my number will update in their system, i have to give a blank cheque. At the end of th term , I would get bonus points I guess.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2018
    • SBI Life Life Insurance
      "Good insurance for life"
      0.5 4.0/5 "Great!"
      I have the life insurance policy with the SBI life and I am holding it from the last one year of time. Customer service is good one with them and the response is also good one too. Premium amount is nominal one for me with them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 07, 2018
    • SBI Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      With SBI life I hold the life insurance policy . I have got the Life insurance policy for more than 3 years. This policy has the tenure of 12 years. I get on time reminders to pay the premium . The customer support service and the response is excellent with the SBI.
      Was this review helpful? 0
      , chennai
      Reviewed on May 28, 2018
    • SBI Life Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy from the SBI life. I pay a premium of 1300 per year. The premium gets Auto debited from the account. I never had any issues with the policy and their services. I'll have to wait and see how this policy turns out in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2018
    • SBI Life Life Insurance
      "Best Pension Scheme"
      0.5 5.0/5 "Blown Away!"
      I started using this SBI Pension policy 4 years back. Total tenure of the policy is 10 years. I used to pay Rs. 50000 per annum. After 10 years every month i used to receive 5000 from the scheme till end of my life. Death coverage is there. My wife would be be beneficiary.
      Was this review helpful? 0
      , chennai
      Reviewed on May 25, 2018
    • SBI Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I"ve a life insuranc epolicy wiht the SBI life. I apy a premium of 1499 per year for a coverage of 10 Lacs coverage. The premium gets auto debited from my account which is pretty much convenient for me. Overall it is a good policy to have and never had any issues with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • SBI Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the LIC Jeevan Anand Life Insurance policy for the past 8 Years. I make Online Payments, being a Govt company the trust factor is there and I'm paying a premium of 20000 per year. I never faced any issues with the policy and its features.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 04, 2018
    • SBI Life Life Insurance
      "Better policy to use"
      0.5 3.0/5 "Satisfactory"
      Got the life insurance policy from the SBI life around 4 years ago. This policy has the tenure of 20 years. The customer support service and the responds is good with the SBI life. The plan benefits and the policy coverage are good with the SBI life insurance policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 30, 2018
    • SBI Life Life Insurance
      "SBI life insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken the life insurance from SBI life and the premium amount is 75000 for 20 years. Actually i have taken this life insurance since i have taken a home loan from State bank of India. The customer service and response is good with them.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 17, 2018
    • SBI Life Life Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I am having a life insurance policy with SBI life from last 3-4 months and it is one of the good policy to use. I am not aware of the maturity period of this policy. I pay my premium on monthly basis through ECS and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 06, 2018
    • SBI Life Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I hold the SBI life insurance policy for the past 1 year. The customer support service is good with the SBI and they give good response to the customers. This policy has the tenure of 5years. I pay the premium amount of Rs.10,000 in every year once.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 04, 2018
    • SBI Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with SBI life from last 2 years and it is a short term policy. The tenure of this life insurance policy is 10 years. I pay my premium once in 6 months and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 26, 2018
    • SBI Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The SBI Life give good returns to the customers. The coordination is excellent with the SBI life . This life insurance policy has the tenure of 10years, I pay the premium amount of Rs,30,000 per annum. The plan benefits and the coverage is good with this policy,
      Was this review helpful? 0
      , allahabad
      Reviewed on Mar 26, 2018
    • SBI Life Life Insurance
      "Average"
      0.5 1.0/5 "Really Bad"
      I have taken accidental policy with SBI Life since 2004. I have received the documents only for the first year and they are deducting some amount but am not receiving any documents. I have paid 100 or 200 rupees yearly, the premium was very low. I am not sure about other benefits.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 16, 2018
    • SBI Life Life Insurance
      "SBI life , life insurance"
      0.5 3.0/5 "Satisfactory"
      I have taken a life insurance from SBI LIFE. The total premium amount is 25000. I have to pay the premium for 5 years and after the maturity period i will get the sum assured plus the bonus amount. The premium amount will be directly debited from the salary account.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 15, 2018
    • SBI Life Life Insurance
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a savings plan and I have to pay a premium up to the age of 60 years. If anything is to happen to me my family will get a sum assured and bonus. Else I would get only the sum assured. Like wise there is a sum assured at the age of 100years too.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 28, 2018
    • SBI Life Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance from SBI Life. The best about this company is that the premium is low and economical. The tenure is till the age of 60 years. After which the beneficiary will get the benefits. The sum assured is also good. I am happy with the benefits.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 28, 2018
    • SBI Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with SBI Life.The premium amount is 19,000 in a year.The policy coverage is 3-4 lakhs,I have claim experience once they had covered 70 k.The policy is for 15 years.I had closed this policy and I am planning to open a new one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 26, 2018
    • SBI Life Life Insurance
      "Good policy to use"
      0.5 3.0/5 "Satisfactory"
      I have taken a Money back policy with SBI Life from last 20 years and it is a good policy to hold. The tenure of this life insurance policy is 20 years and i get a cash back after every 4 years. I pay my premium once in a year through net banking and the payment options are convenient for me. I get good coverage and returns in this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 21, 2018
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