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Insurance Services

Insurance is a means of protection from financial loss.

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Insurance Services

The Bank is CORPORATE INSURANCE AGENT for

Some of the attractive insurance policy schemes of SBI Life are as under:

SBI LIFE HOUSE INSURANCE SCHEME:
Objective :

To protect against the risk of death due to any reason during the tenure of the loan. The scheme will be operated as a group insurance scheme at all branches of Kaveri Grameena Bank.

Persons Covered:

SUM Insured: Equal to the outstanding loan amount including the interest up to the maximum amount .

Benefits: in the event of death of the insured person due to any cause, the sum assured would become payable to the branch.

Period: the terms of the insurance cover is equal to the tenure of the loan, subject to a maximum age of 70 years.

Periodicity of Premium: Single premium payable in advance.

SBI Life Super Suraksha ??? Group Insurance Scheme:

Objective: To extend life insurance coverage at a relatively low cost.

The cover ceases when a member withdraws from the scheme or fails to pay renewal premium.

Coverage: A member of the Group Insurance scheme has two options for life cover.

Premium will be recovered yearly on a fixed date called payment date. At the time of joining, premium is recovered on prorate basis up to the next premium payment date.

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