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Sampoorna Suraksha plan of SBI is a term plan? If so maximum term and paying term?
Hi Alok, thanks for reaching out to us. SBI Life Sampoorna Suraksha is a pure term insurance policy available to both formal (employer-employee) groups and informal groups of at least 10 members. The payment term is annual and payment frequency can be monthly, half-yearly, quarterly, and annually. The plan can be renewed annually.
The minimum entry age is 18 years for employer-employee groups and 16 years for informal groups. The maximum entry age is 79 years for both types of groups with a maturity age of 80 years. The sum insured can be Rs. 1,000 per member to Rs. 50,00,00,000 per member.
You can find more information on the Sampoorn Suraksha policy here: https://www.policybazaar.com/insurance-companies/sbi-life-term-insurance-plans/sampoorn-suraksha-plan/
