SBI Life Swarna Ganga:

The SBI Life Swarna Ganga is a type of group plan that provides life cover to groups of people by offering interesting rates and with the benefit of also has a savings instrument.

They consist mostly of people who have some likeness to each other, like a group of teachers, a group of farmers, a group of self employed people, or self help groups.

This plan offers life cover and the minimum amount is rupees five thousand per annum and the maximum limit is rupees five lakhs.

By buying SBI Life – Swarna Ganga  the advantages are many
According to this plan, each individual in the group will be given life cover with an established sum assured.  This will be determined keeping in mind the group’s need or the monthly income of the individual involved.  The group can also decide the savings element of the premium.  

The premium is paid keeping in mind two elements.  That is, to provide life cover as well as to save.  Suppose an individual of the group dies, his beneficiary will receive the sum assured and also the savings up to date in his account. 

When an individual of the group wants to surrender his scheme, he is eligible to receive the savings that have been amassed in his account.

In order to join this scheme, you should be between the age group of twenty years and sixty four years.  Before buying this scheme, it is required that you should not have taken medical leave for a minimum period of one month before.

This scheme has accidental death and total and permanent disability covers also and they offer the beneficiary a two times the sum assured on death due to accident, and if you are totally disabled due to an accident, you will receive an amount equal to the sum assured if you have paid 10 annual installments.

SBI’s Life Swarna Ganga is a special plan for people who do not receive a monthly salary and depend on their profits in the business that they do for an income.  If these people come together in groups to take part in these kinds of schemes, it will be a great benefit to them and their dependants.