SBI Life launches plan for women

Tuesday, Mar 8, 2016,15:33 IST By Metrovaartha A A A

New Delhi | To commemorate the International Women’s Day, SBI Life Insurance today launched ‘SBI Life – Smart Women Advantage’ plan that provides for life cover, savings and female-specific critical illness benefits.

It’s a participating individual traditional endowment plan with health concept built into one plan, and also provides optional benefits of additional pregnancy complication, congenital anomalies and child birth related abnormalities, as also other illnesses, SBI Life said in a release.

The plan carries tax benefits under section 80D and 80C of the Income Tax Act for premiums paid towards health benefits and life cover respectively under the policy. SBI Life said the plan also has an in-built premium waiver benefit which would waive all the future premiums in case the life assured is diagnosed with any of the covered major stage critical illnesses. The plan comes with two basic options, Gold Plan and Platinum Plan, it added.