Private insurance major SBI Life Insurance on Thursday launched ‘Poorna Suraksha’, a one of its kind plan, which was a non-linked, non-participating, term assurance plan, with an inbuilt Critical Illness cover.
The policy offers coverage for a wide range of 36 critical illnesses.
‘SBI Life-Poorna Suraksha’ helps one to boost his/her financial planning by providing Life and Critical Illness cover, which auto re-balances with the evolving needs as the age progresses.
Talking to reporters after the launch, Mr Sanjeev Pujari, President–Actuarial and Risk Management, SBI Life, said being a customer centric organisation, the company always strives to offer products to its customers that gives them optimal benefits and also takes care of their growing needs.
‘In the initial years of a person’s life, the liabilities like home loans, education loans are on the higher side of the spectrum which requires adequate life cover. But as they progress in life, the liabilities come down but the possibility of Critical Illnesses increases’, he added.