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SBI Life launches Dhanaraksha Plus; group insurance scheme

SBI Life launches umbrella scheme which will cover a variety of loans such as home loan, car loan and personal loan distributed through a group insurance policy.

Apnainsurance.com Research Bureau

27 Aug 2007

SBI Life plans to launch an insurance scheme called 'Dhanraksha'. This is an umbrella scheme which will cover a variety of loans such as home loan, car loan and personal loan distributed through a group insurance policy with the lending institution.

The exiting products will be replaced by new ones in phases. A higher loan limit of Rs. 30 lakh and both existing and new borrowers will be covered.

Plans are aboard to launch over-the-counter endowment products by SBI Life.