Shubha Griha Jeevan Beema is a product which considers both the EMI of the Bank as well as premium of Prabhu Life under one category. It is a product in which banks can provide home loan with insurance protection bundled in one package. Banks as well as customers will be both secured with this product. This is a product which provides financial return to the consumers after the pay out of the loan.

Benefits to Customers

  • Customer will be secured for his/her entire loan period.
  • Money back facility in a loan product.
  • Average payment is not effected in case of interest rate fluctuation.
  • Tax benefits on their income.
  • Peace of mind thinking that the loved ones will never be homeless.

Key Features:

Age at entry
Minimum Age 16 Years
Maximum Age 60 Years
Sum Assured
Minimum Sum Assured 5 lakhs
Maximum Sum Assured No Limit
Policy Term
Minimum Term 10 years
Maximum Term 25 years
Premium Discount on Mode of Premium Payment
Yearly Mode 2{3eaecfa82e4f4eff8133e5df53988f0f62fa7bf878f05d2a3f199ddb687cbe0d}
Half Yearly Mode 1{3eaecfa82e4f4eff8133e5df53988f0f62fa7bf878f05d2a3f199ddb687cbe0d}
Quarterly Mode Nil
Monthly Mode 5{3eaecfa82e4f4eff8133e5df53988f0f62fa7bf878f05d2a3f199ddb687cbe0d} extra charge
Sum Assured Discount
Sum Assured 800,001.00 to 10,00,000.00 Rs 1 per thousand
Sum Assured 10,00,001 and above Rs 2 per thousand
Rider Sum Assured Limit
Accidental Death Benefit (ADB) Equal to Base Sum Assured maximum up to 50,00,000
Total Permanent Disability (TPD) Equal to Base Sum Assured maximum up to 50,00,000
Premium Waiver Benefit (PWB) Equal to Base Sum Assured maximum up to 50,00,000


Product Launch Date:2075-01-03