SBI Investment Plans aim to provide customers with dual benefits of investment and insurance. It can offer customers a sense of financial security and stability, helping them to build a more prosperous future for themselves and their families.
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
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SBI Investment Plans cater to the investment needs of a diverse range of investors, including those with a low risk appetite who are looking for stable returns, as well as those with a higher risk tolerance who are willing to take on greater risk in the pursuit of higher returns. These plans offer a wide range of investment options, each with its own unique features and benefits.
Whether you are an experienced investor or just starting out, SBI Investment Plans provide you with the opportunity to build a diversified investment portfolio that aligns with your financial goals and risk profile.
SBI Life Insurance Company offers various types of Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits.
A traditional joint life endowment plan with the following features:
The husband and wife can be covered under a single policy
Guaranteed bonuses @ 2.50% of the Sum Assured in the first 3 years of the plan
On maturity of both the lives the Sum Assured including simple reversionary bonus and terminal bonus, if any, is paid
On death of either of the husband or wife higher of the basic Sum Assured or 10/7 times the annual premium or 105% of the total premiums paid till death is paid. Furthermore, all future premiums are waived off and the plan continues
In the event of the second death, higher of the basic Sum Assured or 10/7 times the annual premium or 105% of the total premiums paid till death is paid
SBI Life Accidental Death Benefit Rider can be availed which promises an additional amount in case of accidental death
Rebates are allowed in premium for choosing higher Sum Assured levels of Rs.3 lakhs and above
The premiums paid in this SBI Investment Plan are exempt from taxation under Section 80C of the Income Tax Act and the claim received is exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 18 years | 46 years |
Maturity Age | - | 65 years |
Policy Term | 10 years | 30 years |
Sum Assured | Rs.1 lakh | Rs.5 crores |
Annual Premium Amount | Rs.6000 | No limit |
Premium Payment Term | Equal to policy term | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
This SBI Investment Plan has the following features:
The plan has a concept of Growth Period and Benefit Period which depends on the Premium paying term of the plan
The Growth Period starts after the Premium paying term which is limited
The Benefit Period starts after the completion of the Growth Period and during this period a fixed percentage of the Sum Assured is paid to the policyholder.
In case of death, the Sum Assured on death along with the vested simple bonus and terminal bonus if any is payable
The Sum Assured on death is higher of the basic Sum Assured or the final benefit instalment payable at maturity or 10/7 times the annual premium or 1.25/1.10 times the single premium paid or 105% of all premiums paid till death
On maturity, the final instalment of the benefit amount and the vested simple bonus and terminal bonus if any is payable
Rebates are allowed in premium for choosing higher Sum Assured levels of Rs.3 lakhs and above
The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 18 years | 60 years |
Maturity Age | - | 75 years |
Policy Term | 15 years | 25 years |
Sum Assured | Rs.1 lakh | Rs.5 crores |
Premium Payment Term | 6 or 10 years | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
A traditional variable insurance plan with the following features:
Guaranteed interest @1% is paid in every year of the plan
The premium paid is invested in a policy account net of allocation charges
Additional interest rate @4% of the policy account is credited in each quarter during the first 5 years and thereafter the rate becomes 0.5%
On death, higher of the policy fund account or Sum Assured including any top-up increments, total premiums paid including top-up premiums compounded @1% or 105% of all total premiums paid is payable
On maturity, higher of the policy account balance or total premiums paid including top-up premiums compounded @1% is payable
Partial withdrawals can be made from the policy account after first 5 policy years
Top-up premiums can be payable
The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 18 years | 60 years |
Maturity Age | - | 70 years |
Policy Term | 10 years | 15 years |
Sum Assured | 7 / 10 times the annual premium | |
Annual Premium Amount | Rs.2400 | Rs.20, 000 |
Premium Payment Term | 6 or 10 years | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
A participating savings plan which promises regular annual payouts.
This SBI Investment Plan has the following features:
On maturity, the vested reversionary bonus and terminal bonus, if any is paid and regular annual payouts @11% of the Sum Assured is paid for 15 years
The policyholder can choose to take a lump sum amount on maturity wherein 110% of the Sum Assured and vested reversionary bonus and terminal bonus, if any is paid
On death during the payout period post maturity, the payouts continue without any effect
On death before maturity, during the term, higher of the Sum Assured including the vested reversionary bonus and terminal bonus or 105% of all premiums paid till death is paid
Rebates in premium for choosing higher Sum Assured levels of Rs.2 lakhs and above
SBI Life - Accidental Death Benefit (ADB) Rider, SBI Life - Accidental Total and Permanent Disability (ATPD) Benefit Rider, SBI Life Criti-Care 13 Non- Linked Rider and SBI Life – Preferred Term Rider are available under theplan
The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 8 years | 58 years |
Maturity Age | 18 years | 65 years |
Policy Term | 7, 12 or 15 years | |
Sum Assured | Rs.1 lakh | No limit |
Premium Payment Term | Equal to policy term | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
This SBI Investment Plan has the following features:
Guaranteed Additions @ 5.5% or 6% of the cumulative premiums paid are paid from the end of the first policy year
On maturity, the Sum Assured along with the cumulative Guaranteed Additions are paid
On death, higher of the Sum Assured along with the cumulative Guaranteed Additions or 105% of all premiums paid till death is paid
Loan is available under the plan up to a maximum of 90% of the Surrender Value
The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 18 years | 50 years |
Maturity Age | - | 65 years |
Policy Term | 15 years | |
Sum Assured | Depends on the premium | |
Annual Premium Amount | Rs.15, 000 | Rs.75, 000 |
Premium Payment Term | 7 years | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
This SBI Investment Plan is a money back plan with the following features:
The SBI Investment Plan has 4 options of availing money back benefits wherein the total money back benefits paid is 110% of the Sum Assured
On maturity, the last instalment of the money back benefit and the vested reversionary bonus and terminal bonus, if any is paid
On death, higher of 7/10 times the annual premium paid along with the cumulative Guaranteed Additions or 105% of all premiums paid till death is paid
Rebates in premium for choosing higher Sum Assured levels of Rs.2 lakhs and above
SBI Life - Accidental Death Benefit (ADB) Rider, SBI Life - Accidental Total and Permanent Disability (ATPD) Benefit Rider, SBI Life Criti-Care 13 Non- Linked Rider and SBI Life – Preferred Term Rider are available under theplan
The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 14 years | 55 years |
Maturity Age | 27 years | 70 years |
Policy Term | 12, 15, 20 or 25 years | |
Sum Assured | Rs.75, 000 | No limit |
Annual Premium Amount | Rs.4500 | No limit |
Premium Payment Term | Equal to policy term | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
This SBI Investment Plan is a participating endowment plan with following features:
The plan has 3 coverage options of Endowment option, Endowment with Whole life option and Deferred Maturity Payment option
Under the first option, the Sum Assured and the vested bonuses is paid on maturity
Under the second option, the plan can be extended to cover the insured till 100 years. On maturity, the Sum Assured is paid and the plan continues. On death any time before reaching 100 years, the Sum Assured is again paid. If the insured reaches 100 years of age, the Sum Assured is again paid
Under the third option, post maturity, regular payouts can be received over 5, 10, 15 or 20 years post maturity
On death, the discounted vale of the remaining payouts is paid
Rebates in premium for choosing higher Sum Assured levels of Rs.1.5 lakhs and above
SBI Life - Accidental Death Benefit (ADB) Rider, SBI Life - Accidental Total and Permanent Disability (ATPD) Benefit Rider, and SBI Life – Preferred Term Rider are available under theplan
The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 18 years | 60 years |
Maturity Age | - | 65 or 100 years |
Policy Term | 5 years | 30 years |
Sum Assured | Rs.75, 000 | No limit |
Annual Premium Amount | Rs.6000 | No limit |
Premium Payment Term | Equal to policy term or Single Pay | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
This SBI Investment Plan is a variable insurance plan with following features:
The plan has two protection options of Gold & Platinum
A guaranteed bonus of 1% is paid along with regular bonus, interim bonus and terminal bonus, if any
The premiums paid net of charges are invested in the policy account
On maturity, the pokily account value is paid
On death, under the Gold Option, higher of the policy account balance or Sum Assured or 105% of all premiums paid till death is payable
Under the Platinum option, on death, higher of the policy account balance + the Sum Assured or 105% of all premiums paid is payable
One free partial withdrawal is allowed every year from the 6thn year onwards
The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.
Minimum | Maximum | |
Entry Age | 18 years | 60 years |
Maturity Age | 23 years | 65 years |
Policy Term | 5 years | 30 years |
Sum Assured | Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium | 20 times the annual premium |
Annual Premium Amount | Rs.50, 000 | No limit |
Premium Payment Term | Equal to policy term or Single Pay | |
Premium Payment Frequency | Yearly, half-yearly, quarterly, monthly |
State Bank of India (SBI) is one of the most trusted and largest public sector banks in India. The bank offers a wide range of investment plans that cater to the diverse investment needs of individuals.
Here some of the key benefits of SBI Investment Plans.
Diversification: SBI Investment Plans offer a wide range of investment options that cater to the diverse investment needs of individuals. These plans allow you to diversify your portfolio across various asset classes such as equity, debt, and hybrid instruments. By investing in multiple asset classes, you can reduce your overall risk and improve your chances of generating consistent returns.
Flexibility: SBI Investment Plans offer flexibility in terms of investment amount, investment tenure, and investment options. You can choose the investment option that best suits your investment objectives, risk profile, and investment horizon.
Tax Benefits: Some of the SBI Investment Plans offer tax benefits under Section 80C of the Income Tax Act. By investing in these SBI Investment Plans, you can not only grow your wealth but also save on taxes. This makes SBI Investment Plans a great investment option for individuals looking to save taxes while generating good returns.
Convenience: SBI Investment Plans offer the convenience of online investing. You can invest in these plans from the comfort of your home or office using SBI's online banking platform. This saves you time and effort, and allows you to manage your investments easily.
Low Cost: SBI Investment Plans offer a low cost of investment. The charges associated with these plans are minimal, which means that you get to keep a higher portion of your returns. This makes SBI Investment Plans a cost-effective investment option for individuals looking to generate good returns without incurring high costs.
The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued
Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.
Direct Remittance At Sbi Life Branch By Post Or Courier
Electronic Clearing Service (ECS) – Mandate
Direct Debit
Standing Instruction On Your Credit Card
Online Payments
Through State Bank Group Atms
Payment Through Visa Bill Pay.Com
Online Payment Of Premium Through Sbi Life Website
Si-Eft For State Bank And Associate Banks’ Account Holders
Payment Through Point Of Sales (Pos) Terminals At Select Sbi Life Branches
Payment Through Easy Access Mobile Application
Pay Premium In Cash At Authorized Collection Centers
Nach (National Automated Clearing House)
NACH is a newly launched service that works on the same principle as that of ECS, which requires filling in a form and getting registered before availing this facility.
Online
Through SMS
Through SBI Brach
By Cash
For renewal process, after login into your account, click on the ‘Renew Policy’ tab to proceed with premium payment.
Alternatively, you can renew the process by using the kiosk in the SBI ATM and select the option for renewal process.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
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