keyman insurance sbi

Term Insurance Plans:

Specialized Term Life Insurance:
Keyman is a key member or staff of the organization who is a major contributor to its growth and the profit and whose absence may affect the continuity of the business.

SBI Life’s Keyman Insurance is a pure term life cover to protect the organization from adverse financial consequences arising due to death of a key employee. The aim is to indemnify the company for these losses and to allow for business continuity.

Protection from potential losses combined with advantages of tax savings.

In case of keyman leaving the company, options available to either surrender or assign absolutely to the keyman.

Pure protection plan with multiple choices.
Option 1: Sum assured increases by 5% p.a.
Option 2: Level cover