Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeGroup, non-linked, non-participating, pure-risk, one-year renewable life-insurance productView source
The official overview describes Group Cover Shield as a one-year renewable group pure-risk product.
- Source
- Life Group Cover Shield
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
UIN and product codeUIN 111N152V01; product code 4HView source
The official page publishes 111N152V01 and product code 4H.
- Source
- Life Group Cover Shield
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
Coverage optionsFlexible group life cover with multiple optional riders for employer-employee, non-employer-employee, affinity and professional-association groupsView source
The official overview lists the eligible group types and optional riders.
- Source
- Life Group Cover Shield
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
InsurerSBI Life Insurance Company LimitedView source
Life's official catalogue lists these individual and group products under Life Insurance Company Limited.
- Source
- Life online plans and group insurance catalogue
- Page / section
- Life plan catalogue
- Accessed
- 23 Aug 2026
- Confidence
- high
Entry age18 to 79 years (age at last birthday); maximum maturity age is 80 years.View source
The official eligibility table states entry age minimum 18 years and maximum 79 years, maximum maturity age 80 years, and age is measured on last birthday.
- Source
- Life Group Cover Shield
- Page / section
- Who Can Buy — Eligibility Criteria
- Accessed
- 28 Aug 2026
- Confidence
- high
Sum assured₹10,000 per member; the maximum sum assured is offered under SBI Life's board-approved underwriting policy.View source
The official table states ₹10,000 sum assured per member and that the maximum sum assured is offered according to the board-approved underwriting policy.
- Source
- Life Group Cover Shield
- Page / section
- Who Can Buy — Eligibility Criteria
- Accessed
- 28 Aug 2026
- Confidence
- high
PremiumPremium is set for the selected group cover and benefits; the official page does not publish a universal numeric rate. The minimum death benefit is at least 105% of total premiums paid during the cover period, excluding explicitly collected extra premium and taxes.View source
The official page does not show a universal premium amount; it says the minimum death benefit is at least 105% of total premiums paid and the sum assured is selected under the group policy.
- Source
- Life Group Cover Shield
- Page / section
- Plan Benefits and Who Can Buy
- Accessed
- 28 Aug 2026
- Confidence
- high
Waiting periodNo single public waiting-period duration is assigned to this product. The policy document says insurance cover for a mid-joiner commences from the date of receipt of premium; the policy schedule can specify Not Applicable, 30, 45 or 60 days for a scheme. This is separate from the 12-month suicide provision for non-compulsory schemes.View source
The policy document states mid-joiner cover commences from receipt of premium and lists the waiting-period field in the policy schedule as Not Applicable/30/ 45/ 60 days; no one value is published for the catalogue product.
- Source
- Life Group Cover Shield policy document
- Page / section
- Pages 2 and 11 — cover commencement and policy schedule waiting-period field
- Accessed
- 29 Aug 2026
- Confidence
- high
Key exclusionsFor compulsory employer–employee schemes, the suicide exclusion is not applicable. For other schemes, suicide within 12 months from commencement of risk or revival pays the higher of 80% of total premiums paid or unexpired risk premium, instead of the death benefit. Rider exclusions follow the selected rider terms.View source
The COI states the compulsory employer–employee suicide exclusion is not applicable; other schemes use the 12-month rule and pay the higher of 80% total premiums paid or unexpired risk premium.
- Source
- Life Group Cover Shield customer information sheet for COI
- Page / section
- Pages 2–3 — exclusions
- Accessed
- 29 Aug 2026
- Confidence
- high
Grace period30 days for half-yearly and quarterly premiums; 15 days for monthly premiums; no grace period for yearly premium mode.View source
The publishes 30 days for half-yearly/quarterly modes, 15 days for monthly mode and no grace for yearly mode.
- Source
- Life Group Cover Shield customer information sheet for COI
- Page / section
- Page 3 — grace period
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsFlexible group life cover with multiple optional riders for employer-employee, non-employer-employee, affinity and professional-association groupsView source
The manually reviewed product record states: “Flexible group life cover with multiple optional riders for employer-employee, non-employer-employee, affinity and professional-association groups”.
- Source
- Life Group Cover Shield — official product page
- Page / section
- Published product metadata
- Accessed
- 23 Aug 2026
- Confidence
- high
Policy termOne-year renewable coverView source
The manually reviewed product record states: “One-year renewable cover”.
- Source
- Life Group Cover Shield — official product page
- Page / section
- Published product metadata
- Accessed
- 23 Aug 2026
- Confidence
- high
Benefits and features
- One-year renewable cover
- Flexible group coverage
- Optional riders
Eligibility
- Available to employer and affinity groups through a master policyholder
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Life Group Cover Shield customer information sheet for COIofficial-cis · current · accessed 29 Aug 2026
↗SBI Life Group Cover Shield — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗SBI Life Group Cover Shield policy documentofficial-policy-document · current · accessed 29 Aug 2026
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