The SBI Life - Dhanaraksha Plus SP under Group Employee Benefit Products is a perfect solution for the customer and to protect their loan liabilities.
'''The key features of SBI Life - Dhanaraksha Plus SP under Group Employee Benefit Products are as follows:
* The term cover is decreasing at very low cost.
* This policy is available for various types of individual loans for borrowers of a lending institution via a group master policy.
* The policy gives the option for the joint borrowers which are to be covered for the entire loan amount for the particular shares of loan.
* The policy has one time premium payment options and thus gives relief from the hassle of remembering the date of paying the premiums.
* The policy provides cover for a wide range of loan term like car loan, property loan, house loan and personal loan from 1 to 30 years.
* The minimum amount of sum assured is Rs 10,000 and there is no maximum amount for sum assured.
* The joining procedure of the policy is easy and simple.
* The death benefit is available on the certificate of insurance on a monthly reducing basis.
* The policy also gives different attractive rebates.
* Anybody who is 18 to 65 years is eligible for the policy.
'''The premium details of SBI Life - Dhanaraksha Plus SP under Group Employee Benefit Products are as follows:'''
Name of Product: Dhanaraksha Plus SP
Master Policyholder: Leading Nationalized bank
Master Policy: Home Loan
Rate of Interest: 11%
Age of group member (male): 35 Yrs
Loan Term: 15 years
Initial Sum Assured: Rs. 10 Lakhs
Basic Single Premium Amount: Rs. 25,380/-