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SBI offer: Now avail up to Rs 40 lakh instant life cover through Yono app under State Bank of India’s this scheme—steps to apply, benefits EXPLAINED

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SBI says one can apply for this life cover in a few steps. SBI Life – Sampoorn Suraksha is a Group, non-linked, non-participating, pure risk premium life insurance product. Source: Reuters
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State Bank of India (SBI) is offering instant life cover of up to Rs 40lakh to its customers. Under SBI Life – Sampoorn Surakasha, the State Bank of India’s customers can avail the life cover through SBI YONO app in no time

State Bank of India (SBI) is offering instant life cover of up to Rs 40lakh to its customers. Under SBI Life – Sampoorn Surakasha, the State Bank of India’s customers can avail the life cover through SBI YONO app in no time. SBI says one can apply for this life cover in a few steps. SBI Life – Sampoorn Suraksha is a Group, non-linked, non-participating, pure risk premium life insurance product. It is available for different formal and informal groups.

This SBI life cover can be used to cover wider range of groups like employer-employee, borrower-depositor, professionals, affinity, etc.

This plan offers Security through financial support to your group members’ dependents in case of an eventuality, Flexibility to define the benefits as per the group’s requirements, and Simplicity through an easy on-boarding process. SBI Life – Sampoorn Suraksha provides death benefit as sum assured will be payable as defined by the scheme rules.

SBI Life – Sampoorn Suraksha provides you Income Tax benefits or exemptions are as per the applicable income tax laws in India.
SBI Life – Sampoorn Surakasha: How to apply on Yono app
Step 1: SBI customers need to download Yono app, if they still do not have it.
Step 2: After downloading SBI Yono app, you need to log onto it.
Step 3: Once you are logged onto SBI Yono, State Bank of India customers need to go ‘insurance’ section.
Step 4: Here, SBI customers will have to opt for “Buy a Policy” section

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