Group, non-linked, non-participating, pure risk premium life insurance product
Have you ensured that your employees/members are adequately protected?
SBI Life - Sampoorn Suraksha is a Group, non-linked, non-participating, pure risk premium life insurance product, available for different formal and informal groups. It provides a comprehensive insurance benefit package that can be customized as per your needs.
One year renewable group term assurance (OYRGTA)
Sum assured will be payable as defined by the scheme rules
Rider benefit: Refer to the rider brochure for more information
Income Tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your tax advisor for details.
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on riders, terms and conditions, please read rider brochure.
*Tax Benefit:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. For further details, click here. Please consult your tax advisor for details.
As stipulated by IRDAI in its circular F&I-CIR-INV-173-08-2011 dated July 29, 2011 the computation of Net Asset Value for Linked funds stands modified. Click here to Know more
The Asset Allocation of unit-linked funds, has been revised with effect from 1st November 2013. Please refer the 'Fund Performance'Section for details.
Beware of fraudulent websites, call and e-mails. To read more, Please Click Here | Anti Fraud Policy
Business Continuity Management(BCM) of SBI Life. Know more
SBI Life Insurance Limited and SBI are separate legal entities.
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
To read more, please click here - IRDAI Public Notice
Issued on 29th March 2001. Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license.
SBI Life Insurance Co. Ltd, Natraj, M.V. Road & Western Express Highway Junction, Andheri (East),
Mumbai - 400 069.
CIN: L99999MH2000PLC129113
© 2024 SBI Life Insurance Company Limited. All rights reserved.
As stipulated by IRDAI in Annexure 2 of its circular F&I-CIR-INV-173-08-2011 dated July 29, 2011 & restated in IRDAI (Linked Insurance Products) Regulations, 2013, Ref. IRDA/Reg./15/73/2013 dated February 16, 2013, the computation of Net Asset Value for Linked funds stands modified.
We wish to inform all our policyholders / beneficiaries that in line with the recent changes introduced by IRDAI, the computation of Net Asset Value for Linked funds stands modified.
Old formula:
Market value of investment held by the fund +/- Expenses incurred in the purchase/sale of the assets + The value of any current assets + Any accrued income net of fund management charges - The value of any current liabilities less provisions, if any
Divided by the number of units existing at the valuation date (before any new units are allocated)
New formula:
Market Value of investment held by the fund + Value of Current Assets - Value of Current Liabilities & Provisions, if any
Divided by the number of Units existing on Valuation Date (before creation / redemption of Units)
Please note that SBI Life complies with the above mentioned changes w.e.f. August 17, 2011 and confirms that there will be no change in the number of units allotted to policyholders. Also, the policy documents shall stand modified accordingly.
Equity Valuation:
"As stipulated by IRDAI in its circular IRDAI/F&I/INV/CIR/213/10/2013 dated October 30, 2013, insurer shall select from National Stock Exchange (NSE) and BSE Ltd (BSE) as primary and secondary exchanges and the valuation of equity shares shall be made on the closing price of the primary exchange selected. If such security is not listed/ not traded on the primary exchange, Insurer shall use the closing price of the secondary exchange.
SBI Life Insurance Co. Ltd. has adopted NSE as the primary exchange and BSE as the secondary exchange for valuation of equity shares effective November 26, 2013.
The revised equity valuation policy of SBI Life is as follows:
"Listed equity shares will be valued at the closing price at the primary exchange i.e. National Stock Exchange (NSE) on valuation day.
If NSE price is not available on a particular valuation day, closing price of the secondary exchange i.e. BSE will be used for valuation.
If the security is not traded on both NSE and BSE on a particular valuation day, then the price at which the security is traded on the primary exchange and secondary exchange, as the case may be, on the earliest previous day will be used for valuation, provided such previous date is not more than 30 days prior to valuation date."
