Apart from lower premium, Jeevan Amar plan has much wider features and flexibility in both premium payments and getting death claims compared to now withdrawn term plan Amulya Jeevan.
Effective September 1, SBI RLLR is 7.65 per cent and the spread is between 40 basis points and 110 basis points depending on the loan amount and risk group of the borrower.
Kumar said some of the steps have already been announced in the Union Budget to address stress in the financial sector and give a push to economic growth which hit a 5-year low of 6.8 per cent in 2018-19.
