One has to pay a regular premium on SBIs Life Insurance Poorna Suraksha Plan.
- The minimum age for buying SBI's Life Insurance Poorna Suraksha Plan is 18 years and maximum is 65 years. The minimum age for maturity is 28 years and maximum is 75 years.
- Customers have the option of five different policy terms ranging from 10 to 30 years. The term years are 10, 15, 20, 25 and 30 years. (Also read: Worried About Safety Of Digital Transactions? SBI Shares Some Tips)
- One has to pay a regular premium on SBI's Life Insurance Poorna Suraksha Plan. The three premium mode options available to customers are yearly, half-yearly and monthly modes.
- For half-yearly term, premium frequency loading is 51 per cent of annual premium whereas for monthly term it is 8.50 per cent of annual premium. (Also read: SBI Offers Safe Deposit Locker Facility. Benefits Explained Here)
- The minimum premium amount one needs to pay is Rs 250 on a monthly basis, Rs 1,500 on half-yearly and Rs 3,000 on a yearly basis. The maximum amount one needs to pay is Rs 80,000 on a monthly basis, Rs 4,75,000 on half-yearly and Rs 9,32,000 on a yearly basis, as mentioned on the official website.
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