Life is unpredictable—but your family’s financial security shouldn’t be. With SBI Life’s curated range of life insurance solutions, including the powerful SBI Life – RiNn Raksha (UIN: 111N078V03), you can ensure that your loved ones are always protected, your assets remain secure, and your financial commitments are covered—even in the face of uncertainty.
SBI Life – RiNn Raksha ensures that your family never inherits your loan responsibility. In the event of an unfortunate incident, this plan repays your outstanding loan amount, safeguarding your family’s dreams, assets, and peace of mind.
Whether it’s your home, car, education, farm investment, or personal finance—this plan keeps your financial world protected.
Key Highlights
- Group Loan Protection Plan
- Ideal for Housing, Vehicle, Education, Personal & Other Loans
- SBI Life – RiNn Raksha
- Decreasing Term Assurance
- Comprehensive Credit Life Solution
Top Features of SBI Life – RiNn Raksha
1. Life Insurance Coverage for Borrowers
A complete protection plan that takes care of your loan liabilities by paying off your outstanding loan balance.
2. Covers Different Types of Loans
Secure a wide variety of loans under one solution:
- Housing Loans
- Car/Vehicle Loans
- Agricultural Loans
- Personal Loans
- Education Loans
- Business or Other Secured Loans
3. Coverage for Co-Borrowers
Up to 2 co-borrowers, in addition to the primary borrower, can be insured under the same loan.
4. Choice of Gold & Platinum Options
Pick the plan variant that aligns best with your lifestyle and protection requirement.
5. Flexible Term & Premium Options
- Choose loan cover term as per your need**
- Single premium or level premium for 5/10 years
- Pay monthly, quarterly, half-yearly, or annually
Note: Minimum cover term = 2/3rd of loan tenure for loans of 15 years or more.
Coverage for new & existing borrowers will be as per the Board-approved underwriting policy.
Advantages of Choosing SBI Life – RiNn Raksha
1. Security Your Family Can Depend On
Your family continues to enjoy the assets you’ve purchased—home, car, education loan benefits—without financial stress.
2. Reliable Loan Protection
The plan repays your outstanding loan amount as per the sum assured schedule, ensuring seamless financial continuity.
3. Flexibility Like No Other
- Co-borrower protection
- Choice between premium options
- Multiple payment frequencies
- Tailored plan benefits (as per Master Policyholder options)
4. Tax Benefits*
Premiums paid may qualify for tax deductions as per current income tax laws.
Death Benefit
In case of the insured borrower’s unfortunate demise, the insurer pays the outstanding loan balance as per the amortization schedule mentioned in the Certificate of Insurance.
This ensures that your family keeps the property, the vehicle, or the asset—without any financial burden.
How Does It Help?
This landing page covers:
- Loan protection
- Complete family financial security
- Wide range of loan categories
- Borrower + co-borrower benefits
- Flexible cover and premiums
- Tax benefit information
- All features & advantages offered under the Master Policyholder’s selection
It is designed to help anyone seeking total protection for all types of loans and life insurance needs.
Who can buy?
Disclaimer: This page provides an overview of SBI Life – RiNn Raksha (UIN: 111N078V03), a Group, Non-Linked, Non-Participating Credit Life Insurance Product. All benefits and features depend on the Master Policyholder’s chosen options and are subject to SBI Life’s board-approved underwriting policies. Tax benefits are as per current Income Tax laws and may change. Customers are advised to consult their tax advisor. Please read the sales brochure carefully before making any purchase decision.