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YONO Insta Life Secure provides life insurance cover by SBI Life Insurance Company Ltd. under the product SBI Life Sampoorn Suraksha (UIN: 111N040V04), which offers a yearly renewable group life insurance cover. It is a comprehensive plan that can be availed to provide for cover against death, at competitive rates. Get insured today in 3 Simple Steps!

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Enjoy Instant coverage 24x7, worldwide Simple to manage with

Enjoy Instant coverage 24x7, worldwide Simple to manage with auto renewal option No Medical Examination required Supports Family Members and Dependants Financially in case of Untimely Death of the member Premiums Paid are eligible for tax Rebates (under section 80C of the Income Tax Act, 1961) Available on YONO platform of SBI Life cover at an affordable Premium

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affordable Premium  Classification This is a One Year Group Term Renewal

Classification

This is a One Year Group Term Renewal Scheme, presently under SBI Life - Sampoorn Suraksha (UIN: 111N040V04), available to users of SBI YONO application

Scope of Cover

Any SBI YONO user can voluntarily enroll for this cover (subject to eligibility conditions as stated below)

Age at Entry (As On Last Birthday)

Minimum : 18 Years

Maximum : 55 Years

Age at Maturity (As On Last Birthday)

Minimum : 19 Years

Maximum : 56 Years

Policy Term

1 Year, renewable upto 55 years of age

Premium

Depending on current age (as on enrolment or renewal) Premium rates are subject to review.

Sum Assured (Rounded Down to Nearest Lakh)

Minimum : ` 2 lakhs Maximum : ` 20 lakhs if age at entry is less than or equal to 50 years and ` 10 lakhs for members aged 51 years and above) The Sum assured would be capped to a multiple of your average account balance.

Death Benefit

Sum Assured

Maturity Benefit

Not Applicable

 

The cover under the Scheme will cease on the following :

1. Attainment of 56 years of age (as on last birthday)

Termination of Insurance cover

2. Nonpayment of renewal premium

3. Payment of Claim to the beneficiary

Surrender Benefit

Not Applicable

Exclusion

Suicide Exclusion: Suicide claims would be excluded in the first year of coverage. In other words, in case of death due to suicide in the first year of cover the Sum Assured is not payable. In such a scenario, the 80% of the premiums paid in respect of the member will be refunded.

Free Look Cancellation

In the event that you are not satisfied with the terms and conditions of the policy, and wish to cancel the policy, you can do so by returning the policy to the company along with a letter requesting for cancellation within 15 days for policies sourced through any channel mode other than Direct Marketing channel and 30 days for policies sourced through Direct Marketing channel of receipt of policy. Premium paid by you will be refunded after deducting stamp duty, taxes and the proportionate risk premium.

stamp duty, taxes and the proportionate risk premium. BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI

BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

All product features under this plan have been chosen by the master policyholder in his capacity as the group administrator. State Bank of India is a registered Corporate Agent of SBI Life Insurance Company Limited under the composite license number CA003 issued by IRDAI. For more details on risk factors, terms and conditions please read sales brochure. SBI as Corporate Agent is authorised to provide pre sales and post sales advice to the insured in respect of the insurance product opted by him. The purchase by a Bank's customer of any insurance product is purely voluntary and is not linked to availment of any other facility from the Bank. Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license. Life Insurance Policies are underwritten by SBI Life Insurance Company Limited with its Registered and Corporate Office: Natraj, M V Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069. IRDAI Registration No. 111. CIN: L99999MH2000PLC129113 | Email:

info@sbilife.co.in | www.sbilife.co.in

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