sbi life - sampoorn suraksha

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Last Comment 2024-07-30

2024-07-29

What do you think of this policy?

Is annual premium of 4390 worth it for a coverage of 31L?

Anyone here have this policy?

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https://www.desidime.com/discussions/sbi-life-sampoorn-suraksha?page=1#post_10234802

thunderguy

2024-07-29

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Less info to comment and make a decision.
Is this pure term plan- I think so from name?
coverage for how many years?
how many years will you be paying?

use Policybazaar to compare various LI companies. HDFC life, iPru, Max Life, SBI Life, TATA AIA are all equally good. pick whatever costs you less

Also check your annual salary and expenses for you to make a decision on how much coverage you should be having. Use calculators available on life insurance websites to figure it out. My personal belief is 20X of annual expenses

https://www.desidime.com/discussions/sbi-life-sampoorn-suraksha?page=1#post_10235008

Demon_slayer

2024-07-29

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It's a pure term plan. Renews every year upto 60, I think.

As it's a term need to Pay every year.

Thank you.

https://www.desidime.com/discussions/sbi-life-sampoorn-suraksha?page=1#post_10235715

baludesi

2024-07-30

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As said above, you should consider a comparison and better go for 1Cr+ term plan. Heavens forbid, if something happens to the insurer the dependents can't survive 2 years with 30L.

https://www.desidime.com/discussions/sbi-life-sampoorn-suraksha?page=1#post_10236520

Demon_slayer

2024-07-30

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This plan is offered without any requirements and instant.

I was wondering what if he can get another plan in the future with 70L from another insurer, this way you can protect yourself from risk of rejection. If that makes any sense.

Plus I just wanted to know if the premium is justifiable for the sum insured.