- News>
- Finance & Markets
SBI Life introduces `Setubandhan` aimed at NRIs
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.
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.
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