SBI Life Insurance Plans
SBI Life Insurance, a joint venture between State Bank of India (SBI) and BNP Paribas Assurance, provides comprehensive life insurance at competitive rates. SBI Life Insurance Unit offers linked plans, child rearing plans, pension plans, term insurance plans, endowment plans and group plans.
SBI Life Insurance Scheme targets individuals in the age group of 18 to 65 years. The company offers customized plans for employees, self-employed, professionals and entrepreneurs.
Top 5 SBI Life Insurance Plans in India
1. SBI Life – eShield
SBI Life – eShield Yojana is an individual, non-participating, unlinked pure term insurance plan with customized benefits for individuals who want the best financial security for their family at affordable rates. The program also rewards individuals who follow a healthy lifestyle. Plus one with a plan
Additional accidental death cover is also offered. The minimum age to enter the system is 18 years; The maximum entry age is therefore 70 years. The minimum insurance period can be chosen for 5 years and the maximum for 30 years. The basic sum assured offered in SBI eShield is Rs.20,000.
(SBI Life – Smart Money Planner)
SBI Life – Smart Money Planner is an independent participating cash back endowment policy. The main objective of this cashback scheme is to maximize the benefits for you and your family in the form of savings, income and insurance cover. SBI Life – Smart Money Planner also offers the flexibility of choosing from four plan options with different tenures and premium payment modes. As a money back plan, SBI Life-Smart Money Planner Annually for the entire period of benefits
The insurance company pays a fixed amount of money. On maturity or death of the insured, the plan offers the sum assured along with an additional bonus.In an emergency, the system allows you to get a loan against your policy. The basic sum assured in this scheme is Rs. 1 lakh (minimum) and offers a life span of up to 75 years.
(SBI Life – Smart Humsafar)
SBI Life – Smart Humsafar is the company’s unique plan for married couples that complements their efforts to achieve prosperity through protection. It is a joint system of unbound participating foundations. It offers many savings and insurance benefits for both husband and wife. SBI Life – Smart Humsafar provides financial protection in case of death of one or both of the insured. The guaranteed minimum bonus is 2.50% of the basic sum insured for the first 3 years. More
The advantage is that the premium is waived in the event of the death of any life insured under the compulsory insurance and it has the option of additional additional insurance at an affordable price. In this scheme, the basic sum assured is Rs 1,00,000 and the minimum term of insurance is 10 years.
( State Bank of India Life – CSC Saral Sanchay yojna )
SBI Life – CSC Saral Sanch is a joint life, unlinked, savings and participating endowment scheme with benefits of life insurance cover. This scheme helps the policyholder to save towards their future goals and helps their family achieve those goals. SBI Life CSC Saral Sancha offers a guaranteed interest rate of 1.00% per annum, applicable throughout the policy term. This program is suitable for everyone in the age group of 18 to 60 years. It provides the possibility of partial withdrawal and benefits on the death of the insured or on maturity of the policy.
(SBI Life – Smart Power)
SBI Life – Smart Power Bima Yojana is a simple, low-premium product that caters to the changing needs of the policyholder. Launched in October 2015, this plan comes with two options – a level cover option and an incremental cover option. It has two fund options – an activation fund with low leverage and a high leverage Smart fund with options and seven funds to choose from. The policy term in this plan is 10, 15 and 30 years and the minimum age to purchase this plan is 18 years and the maximum is 45 years and the maximum maturity age is 65 years.