SBI Life Insurance, a trusted private life insurer, has recently launched 'SBI Life - CSC Saral Sanchay', an individual, non-linked, non-participating, variable insurance plan with twin benefits of life insurance cover and savings. "This plan basically helps consumers to systematically save so as to achieve their future goals in life and at the same time to also support one's family in achieving those goals in the event of any eventuality."
Speaking at the launch, Arijit Basu, MD and CEO, SBI Life said, ''We have launched 'SBI Life - CSC Saral Sanchay' which is aimed at the people who are largely uninsured. With this offering we are trying to give these families a relief by securing the life of their bread earner and help them save to achieve their goals in the near future.''
"SBI Life - CSC Saral Sanchay provides a guaranteed interest rate of 1% p.a., which will be applicable throughout the policy term. In addition, an additional interest rate (AIR) of 4% p.a. will also be applicable during the first 5 years and an AIR of 0.5% will be applicable from the 6th year. Further, at the end of each policy year starting from the 5th policy year, residual additions may be added," it said.
