SBI's awesome scheme, get cover of Rs 2.5 crore by depositing less than Rs 100 per day, find out the details

 Life insurance has become a necessity for everyone these days

 This is SBI's tremendous offer

 Only deposit Rs 100 per day, you will get Rs 2.5 crore

It is beneficial to take out a life insurance policy at an early age.  SBI Life, a joint venture with State Bank of India, has launched an insurance policy called 'Purna Suraksha'.  The policy offers a life cover of Rs 2.5 crore for those under 30 years of age who pay less than Rs 100 per day.  Today we will know the details about this policy.

 This insurance covers serious illnesses.  There are also discounts on premiums for certain illnesses.  According to SBI Life, the policy covers 36 serious illnesses.  Not only this, the premium amount will be fixed during the policy term.  This means that your premium will not increase as inflation increases.

 Age for policy should be minimum 18 years and maximum 65 years.

 Maturity age should be minimum 28 years and maximum 75 years.

 Basic Sum Assured minimum Rs 20 lakh and maximum Rs 2.5 crore.

 The premium has to be paid in advance for three months in monthly premium mode.

 Policy Terms: 10,15,20,25 and 30 years.

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 For example, if a male policyholder is 30 years old and is not on the SBI staff, he will have to pay an annual premium of Rs 35,849 for a cover of Rs 2.5 crore for 10 years.  However, two conditions have been laid down that the person should not smoke and should not be a resident of Kerala.  Also, in a policy, a woman policyholder has to pay a premium of less than Rs.  The woman should be 30 years of age.  It has the same coverage period.  However, it has to pay an annual premium of Rs 34,553.