Yes the state bank of India is provides facility to get insurance by 100 rupees. To get state bank of India Rs.100/- Insurance customers have to go nearest state bank of India branch and ask for application form.

Just fill the insurance application & submit in the branch.

Bank will be debit Rs 100/- for your SBI account. After 15 days you will get Insurance Bond (Certificate of Insurance) copy to your address.

This is the cheapest insurance for 18 year old - 65 years Old Persons.

Master policy Number: 137300-0000-00

Eligibility:
Person is an Indian Citizen with having a State bank of India (SBI) Account.

Age:
10-65 years Persons

100 Rs insurance:
Premium payable including Service Tax 12.36%
Rs100/-

Sum Insured Amount: Rs. 4,00,000/-

Coverage time: 1 Year

The Sum Assured is equal to 150 times the yearly premium (net of service tax):
If Regular Premium for one member is Rs. 100/-, the Sum Assured will be: 150 Rs. 100/- = Rs. 15,000 /-

In case of death when the cover is in force:
Sum Assured payable is Rs. 15,000/-, subject to exclusions