Mumbai, Oct 06: In a bid to target resurgent India bondholders looking at long term investment opportunities, SBI Life Insurance Company Ltd today introduced "Setubandhan", a policy aimed at non-resident Indians (Nris) with an assured return of five per cent per annum. The company was roping in remittance agents in Middle East for director and CEO R Kris told newspersons here.
He said the SBI Life was also exploring the option of corporate agents in that region.

The scheme would come with a five and 10-year term and it provides full repatriation of maturity or death benefits at the prevailing exchange rate, he said.
Krishnamurthy said the customers would get a critical illness cover (Dhanwantri) of upto Rs five lakh without undergoing medical examination. The scheme also has the facility to cover spouse and parents residing in India aged between 18-55 years.
The single premium would be Rs 1,019 and Rs 996 for sum assured of Rs 1,000 for a five and 10 year term respectively. Bureau Report