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 loan-protection life insuranceView source
The official product page describes RiNn Raksha as loan protection for borrowers.
- Source
- Life RiNn Raksha
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
Co-borrower coverUp to two co-borrowers in addition to the primary borrowerView source
The official allows up to two co-borrowers and describes full-loan or share-of-loan cover options.
- Source
- Life RiNn Raksha
- Page / section
- Frequently Asked Questions
- Accessed
- 23 Aug 2026
- Confidence
- high
Death benefitOutstanding loan amount settled in favour of the beneficiary or lender on a covered borrower's deathView source
The official claim states the outstanding loan is settled in favour of the beneficiary or lender.
- Source
- Life RiNn Raksha
- Page / section
- Claim
- Accessed
- 23 Aug 2026
- Confidence
- high
Maturity benefitNo maturity benefitView source
The official expressly states there is no maturity benefit.
- Source
- Life RiNn Raksha
- Page / section
- Frequently Asked Questions
- Accessed
- 23 Aug 2026
- Confidence
- high
Surrender valueMay be available after the first year if at least the first year's premiums are paidView source
The official gives the first-year condition for possible surrender value.
- Source
- Life RiNn Raksha
- Page / section
- Frequently Asked Questions
- 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 age16 to 70 years at entry; maximum maturity age is 75 years. Ages are measured on last birthday.View source
The official table states entry age minimum 16 years and maximum 70 years, maximum maturity age 75 years, and age is measured on last birthday.
- Source
- Life RiNn Raksha
- Page / section
- Who Can Buy — Eligibility Criteria
- Accessed
- 28 Aug 2026
- Confidence
- high
Sum assured₹10,000 minimum per member, in multiples of ₹1; no maximum limit is published. For credit-linked cover, the sum assured follows the outstanding loan and amortisation schedule.View source
The official table publishes a minimum sum assured of ₹10,000 per member in multiples of 1 and no maximum; the death cover follows the outstanding loan balance under the Certificate of Insurance amortisation schedule.
- Source
- Life RiNn Raksha
- Page / section
- Who Can Buy — Sum Assured and Death Benefit
- Accessed
- 28 Aug 2026
- Confidence
- high
Policy termSingle-premium cover: 24–360 months; 5-year premium term: 96–360 months; 10-year premium term: 180–360 months. A lender-borrower policy cannot exceed the applicable loan term.View source
The official table publishes 24–360 months for single premium, 96–360 months for a 5-year premium term and 180–360 months for a 10-year premium term.
- Source
- Life RiNn Raksha
- Page / section
- Who Can Buy — Premium Payment Term and Corresponding Policy Term
- Accessed
- 28 Aug 2026
- Confidence
- high
Key exclusionsIf an insured member dies by suicide within 12 months from the member's risk-start date, the nominee or beneficiary receives 80% of total premiums paid up to the death date, provided the member policy is in force; the policy then terminates.View source
The official exclusion section states the 12-month suicide exclusion and 80% of total premiums paid benefit while the member policy remains in force.
- Source
- Life RiNn Raksha
- Page / section
- Exclusions — Suicide Exclusion
- Accessed
- 28 Aug 2026
- Confidence
- high
Waiting periodNot applicable. The RiNn Raksha policy schedule explicitly states “Waiting Period: Not applicable”. The separate 3–75 month moratorium is a loan-disbursal period, not a claim waiting period; suicide within 12 months from cover start or revival follows the published exclusion.View source
The policy schedule states “Waiting Period — Not applicable”; the same document separately publishes a 3–75 month moratorium and a 12-month suicide exclusion.
- Source
- Life RiNn Raksha master policy document
- Page / section
- Page 10 — policy schedule; Pages 3–5 —
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsOutstanding loan amount settled in favour of the beneficiary or lender on a covered borrower's deathView source
The manually reviewed product record states: “Outstanding loan amount settled in favour of the beneficiary or lender on a covered borrower's death”.
- Source
- Life RiNn Raksha — official product page
- Page / section
- Published product metadata
- Accessed
- 23 Aug 2026
- Confidence
- high
Benefits and features
- Loan settlement on covered death
- Two co-borrower options
- Possible surrender value after year one
Eligibility
- Borrower and co-borrower cover is structured around the outstanding loan and lender terms
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Life RiNn Raksha certificate-of-insurance CISofficial-cis · current · accessed 29 Aug 2026
↗SBI Life RiNn Raksha — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗SBI Life RiNn Raksha master policy documentofficial-policy-document · current · accessed 29 Aug 2026
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