SBI Life Insurance has 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 aims to help consumers systematically save to achieve their future goals and at the same time to support one’s family in achieving those goals in the event of any eventuality. Arijit Basu, MD and CEO, SBI Life, said this plan is aimed at the people who are largely uninsured. It provides a guaranteed interest rate of 1% per annum, which will be applicable throughout the policy term. In addition, an additional interest rate of 4% per annum will also be applicable during the first 5 years and an AIR of 0.5% will be applicable from the sixth year. Further, at the end of each policy year starting from the 5th policy year, residual additions may be added. Any individual between 18 – 60 years can purchase this plan.
