Saving And Investment Plans
SBI Life – Shubh Nivesh SAVINGS PLAN
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
Now avail insurance coverage and kick-start your wealth creation journey through systematic savings. SBI Life – Shubh Nivesh, a with-profit endowment assurance plan, provides insurance cover, savings and income under a single plan.
Features:
fjrigjwwe9r3SDPrivInsuProd:Features
- Avail life cover for up to 30 years or whole life depending on your insurance needs
- Simple reversionary bonuses throughout the policy term
- Two plan options – endowment option and endowment with whole life option
- Option to receive the basic sum assured as a lump sum or as regular income, at maturity
- Get comprehensive coverage at an affordable cost with three rider options
Benefits:
fjrigjwwe9r3SDPrivInsuProd:Benefits
fiogf49gjkf0d
- Add-on benefit of whole life insurance
- Optional Benefit of Regular flow of income
- Flexibility to choose between single or regular premium payment
- Tax benefits
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Age at Entry
|
Min:18 years
|
Max:
RP - 58 years
SP - 60 years
Endowment with whole Life option - 50 years
|
Maximum age at Maturity
|
65 years which increases to 100 years if the Endowment with whole Life option is taken
|
Sum Assured
|
Min:Rs75,000 (*1000/-)
|
Max: No limit
|
Policy Term
|
Min:
Endowment option 7(RP)/5(SP) years
Endowment with whole life option 15(RP)/15(SP) years
|
Max:30 years
(Endowment term)
|
Premium Frequency
|
Single premium/Yearly/Half yearly/Quarterly/Monthly
|
Premium Paying Term
|
Single Premium/Regular Premium(same as policy term)
|