Education Loan

INSURANCE OPTION

Option 1.

SBI Life Insurance Company Ltd. offers insurance policy named ‘Shield’. We offer ‘Shield’ to the borrowers (student/ parents/guardian) at optional basis.
The main features of ‘Shield’ are:
It covers both natural as well as accidental death.
Minimum /maximum age - 18 years/60 years.
Maximum maturity age - 65 years.
Minimum / maximum tenure - 5years / 25 years (multiple 1 year)
Minimum / maximum sum assured - Rs.3 lacs / Rs.10 crores.
Premium - For Premium and other detail log on to www.sbilife.com 
individual products-calculate premium.

Option 2.

Insurance under group personal accident insurance (under tie-up arrangement with United India Insurance Co.) is also offered to the borrower.
The main features of scheme are:
Cover available in case of death / permanent disability due to accident
Sum assured - Rs.1 lac to Rs.5 lacs (maximum Rs.5 lacs)
Premium Rs.17 to Rs.84 p.a.