SBI Life Insurance company offers a comprehensive range of life insurance plans that you can purchase for your whole life by paying an annual premium amount of Rs. 50,000 per year for 10 years. This way you can get a long-term life cover and secure your family in case of your unfortunate death. SBI Life insurance plans also provide you a chance to create corpus in the long run and plan your finances in a better way. Let us take a look at some of the SBI Life Insurance 50000 per year plans for 10 years that you can purchase online.Read more
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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
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.
|Plan Name||Entry Age||Maturity Age||Annual Premium|
|Bharti AXA Flexi Term Pro||18 - 65 years||99 years||Rs. 42,720|
|SBI Life eShield Next||18 - 65 years||85 years||Rs. 49, 206|
|TATA AIA Sampoorna Raksha Supreme||18 - 65 years||100 years||Rs. 53, 336|
|IndiaFirst Guaranteed Protection Plus||18 - 65 years||99 years||Rs. 59, 696|
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.
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This term insurance plan is available at annual, semi-annual, quarterly, and monthly premium payment modes.
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
This life insurance plan offers death benefits in case of the policyholder’s death during the policy term.
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
The plan offers an inbuilt accelerator benefit that pays 50% of the basic sum assured on the diagnosis of a terminal illness.
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
The plan offers all the premiums paid towards keeping the policy active with its term return of premium option.
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
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.
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