SBI Life Insurance 50000 per year Plan for 10 years

Benefits of SBI Life Insurance 50000 per year Plan for 10 years

Let us take a look at the benefits of purchasing an SBI life insurance of Rs. 50000 per year for 10 years

• Limited premium payment term: Pay the premiums for only a limited period of 10 years and receive policy coverage for the whole life

• Financial Security: The family of the policyholder will be financially secure in the event of the policyholder’s unfortunate death

• Better Financial Planning: As you will have a better understanding of how much you need to invest in the SBI life insurance plan, you can manage your finances efficiently

• Death benefit: The death benefit will be payable in case the policyholder dies within the policy term

• Maturity Benefit: The maturity or survival benefits will be paid as per the policy’s T&Cs

• Tax Benefits: You can avail of the tax benefits on the premiums paid and the benefits received as per the Income Tax Act of 1961.

• Build Wealth: You can build wealth to fulfill your child’s dreams and aspirations by paying for their marriage or higher education

Best SBI Life Insurance Plans for Rs. 50000 per year

Here is a list of all the insurers who offer life insurance plans for a sum assured of 1 Crore with a premium payment term of 10 years for Rs. 50000 per year.

Note: The sample premiums rates mentioned above are for an 18-year-old non-smoker male. You can make use of a life insurance calculator to accurately estimate the premium rate applicable to your lifestyle.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month⁺

Get an online discount of upto 10%⁺

Compare 40+ plans from 15 Insurers

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⁺Standard T&C Applied

1. Bharti AXA Flexi Term Pro

   This term insurance plan is available at annual, semi-annual, quarterly, and monthly premium payment modes.

   Benefits

   • The plan offers two plan options: with ROP and without ROP

   • Get coverage for joint or single life under the without return of premium option

   • Choose the policy and premium payment term as per your needs

   • Select policy cover till 99 years of age

   • Increase life cover with the increasing life stage requirements

2. SBI Life eShield Next

   This life insurance plan offers death benefits in case of the policyholder’s death during the policy term.

   Benefits

   • Get inbuilt terminal illness with all the plan options

   • Choose from 3 plan options as per your requirements: level cover, increasing cover, and level with future-proofing benefit cover:

   • Add accidental death benefit rider or accidental total permanent disability rider to the base plan to enhance coverage

   • Choose for the death benefits to be paid in monthly installments, lump sum, or lump sum + monthly installments

   • Plan’s Better Half Benefit allows you to secure your spouse within the same plan

3. TATA AIA Sampoorna Raksha Supreme

   The plan offers an inbuilt accelerator benefit that pays 50% of the basic sum assured on the diagnosis of a terminal illness.

   Benefits

   • You get the flexibility to choose policy and premium paying term

   • You can increase the sum assured through top-ups

   • Choose to receive income payouts at 55, 60, or 65 years onwards

   • Choose from 4 death benefit options: Life option, life plus option, life income option, and credit protect option

   • Increase life cover with changes in the life stages

4. IndiaFirst Guaranteed Protection Plus

   The plan offers all the premiums paid towards keeping the policy active with its term return of premium option.

   Benefits

   • The plan offers whole-life coverage by paying premiums for a limited period

   • Choose for the death benefit to be paid in a lump sum or monthly income

   • Select the plan option as per your needs: Life option, Return of premium option, or Smart life option

   • Increase sum assured without additional underwriting on home loans, marriage, or childbirth

   • Option to include your spouse under the same plan

Final Thoughts

An SBI Life Insurance 50000 per year Plan for 10 years allows you to create a corpus by investing in the life insurance plan for just 10 years, secure your family against any eventuality, and save on taxes. You can purchase any of the plans mentioned above by comparing their premium rates, policy terms, sum assured, and benefits offered online.