SBI Life Saral Shield is a non-participating pure term plan which enables the policyholder to build a large corpus by paying a small premium to protect his family against unforeseen emergencies
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
60 years |
Maturity Age (Last Birthday) |
- |
65 years |
Policy Term (PT) in years |
5 |
30 |
Premium Paying Term (PPT) in years |
Equal to policy term |
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
Yearly Premium |
Regular Pay : Yearly – 2000 Half-yearly – 1100 Quarterly – 600 Monthly - 250 |
Single Pay – 10,000 |
Sum Assured |
750,000 |
24,00,000 |
Annual premium in Rupees for a policy tern of 25 years and SA of 20 Lakhs
Age |
30 |
35 |
40 |
Premium |
5602 |
8255 |
12,096 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. In some cases medical examination may be required SBI life company, based on the sum assured and the age of the person.
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