Life insurance is not only about the financial protection of the family but also about working for life’s milestones through smart investments. You can fulfill life goals like buying a house or a contented financially independent retired life with SBI Life insurance. SBI offers multiple plans for tenures starting with 5 years. In addition, it is also easy to calculate SBI life insurance 50,000 per year plan for 5 years through an online calculator.Read more
Let us explore further.
Every SBI Life insurance plan is primarily curated to protect your dependents enduring the uncertainties of life. In addition, deliver a maturity value well above your investment with accumulated additions over the policy term.
The policyholder is covered to receive two benefits:
Death Benefit – When you succumb to life’s vagaries during the policy term
Maturity Benefit – On surviving the policy term with wealth created over the years
The SBI Life investment plan goes beyond the fundamentals to provide you with many bonuses that are prodding you to achieve your objectives. What are they?
A lowered burden to sweeten your future endeavors
Excellent returns despite a shorter investment horizon
Shield your family from a financial crisis in your absence
Options galore to fulfill your future financial planning
Your choice is eclectic in SBI Life investment plans for 5 years or more, both in terms of savings through guaranteed additions or market-linked returns affording higher yields.
The SBI Life investment plans worth looking at for fulfilling your financial objectives are:
|SBI Life Investment Plans|
|SBI Life Plan Name||Plan Class||PT / PPT/ SP||Entry Age||Maturity Age|
|Smart Platina Assure||Endowment||6 years||3 years||75 years|
|Shubh Nivesh||Variable Savings||5 years||18 years||65 years|
|Wealth Assure||Unit Linked||10 years||8 years||70 years|
|Wealth Builder||Unit Linked||5 years||2 years||70 years|
|Retire Smart||Unit Linked Pension||5 years||30 years||80 years|
|Grameen Bima||Microfinance||5 years||18 years||NA|
|PT = Policy Term PPT = Premium Payment Term SP = Single Premium|
It is time to examine the SBI Life investment plans threadbare now that you have identified them to eminently suit your financial design.
A non-linked, non-participating individual endowment plan guarantees assured returns while you pay the premium for a limited period.
Your life is covered in addition to guaranteed returns.
Assured guarantee additions are 5.25% and 5.75% at each yearend, depending on the chosen policy payment term.
You get two options of 6 and 7 years for policy payment for terms of 12 and 15 years.
You can pay the premium flexibly in monthly or yearly installments according to your convenience.
The minimum annualized premium is Rs.50,000.
An insurance-saving, non-linked, non-participating product with the option to choose a Whole Life coverage. In addition, you can choose to break the benefit into a regular income stream.
You ensure your family’s protection in addition to wealth creation and regular income flow for periods from 5 to 20 years.
You can choose to extend the coverage to your whole life.
You can pay regular premiums or choose the single pay option.
You can augment your coverage through riders against an additional premium.
The minimum single payment premium is Rs.43,000 with no cap on the upper limit.
A Unit Linked Insurance Plan for individuals looking for higher yields in the investment through market-linked instruments.
You pay a single premium but enjoy life coverage for the policy term.
You can choose from a bouquet of 7 market-linked funds to earn higher returns.
Your investment is locked for 5 years, during which you cannot surrender the policy to liquidate.
You can augment your coverage by adding suitable riders.
The minimum premium is Rs.50,000 without any upper limit.
A Unit Linked Insurance Plan designed to meet your various needs through a single policy. It is an individual-linked, non-participating plan that caters to your life goals, including a retirement corpus.
Flexibility in premium payment with a choice for a regular, limited, and single payment while enjoying all the benefits throughout the policy term.
Your investment opportunities are enhanced with the option to choose from 11 market-linked funds.
Additions are guaranteed according to the policy term.
The lock-in period for the plan is 5 years.
The minimum single pay premium is Rs.65,000.
Planning for retirement is one of your primary goals for a stable, financially independent life after superannuation. The plan is a pension product under the Unit-Linked class generating returns from asset allocation in market instruments.
Guaranteed additions comprising 210% of your annualized premium boost your fund value.
You earn guaranteed additions from the 15th policy year paid the yearend until maturity.
You can postpone your vesting age to suit your convenience.
You can choose from regular, limited, and single premium payment options to suit your individual preference.
The minimum annualized premium is Rs.24000 for regular, Rs.40000 for limited, and Rs.1 Lac for single premium payment.
A non-linked, non-participating microfinance life insurance product tailored to protect your family from the devastation caused by the breadwinner’s demise. It is a pure-risk, hassle-free, affordable plan.
Choose the affordable premium according to your financial resources.
Pay your premium just once for continued coverage.
Enrolment is based on a questionnaire without the necessity for any pre-policy medical evaluation.
The minimum single premium payable is Rs.300 for a maximum benefit of Rs.50000, based on different age bands.
SBI Life offers curated plans for individual financial preferences on top of a cover for life risk. Thus, you are assured of the best possible features and returns to meet your life goals when choosing an SBI Life investment plan. The icing on the cake is their experience in handling large audiences providing a seamless claim experience, should the need arise on the policyholder’s demise.
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