???en.user.selcrs???
SBI Life Insurance India's First and Only Multi-lingual Life Insurance website:  English | हिन्दी | বংলা | தமிழ் | తెలుగు | मराठी | ગુજરાતી | ಕನ್ನಡ | ਪੰਜਾਬੀ | മലയാളം
Home  |  Customer Education  |  Public Disclosures  |  Download Center  |  Sitemap  |  FAQs   |  News
Call Toll Free 1800-22-9090 or 1800-425-9010  |  SMS 'CELEBRATE' to 56161
Find us on :  Twitter  Facebook  
  Individual Plans Group Plans Health Plans About Us Services Careers Contact Us
INDIVIDUAL PLANS
Unit Linked Plans
Child Plans
Pension Plans
Protection Plans
Savings Plans
Home > Savings Plans > SBI Life -Saral Life

SBI Life - Saral Life
(UIN : 111N071V01)

(Product Code : 48)
  Brochure | Premium Calculator  | Email  |  Ask for a Visit  |  For NRIs
 
Introduction
Key Features
Product Snapshot
Benefits
 

Introduction:
 
SBI Life - Saral Life, a traditional, participating endowment plan which helps you to meet any requirement in life and is designed with a difference…a take away insurance especially weaved for you with the threads of Simplicity, Availability & value for your money.
 
Key Features:
 
•
An unique savings cum insurance cover with easy acceptance.
•
Enrolment based on Simplified Questionnaire and Good Health Declaration.
•
Instant Processing.
•
Flexibility in Coverage - Sum Assured in options of Rs.1 lakh / Rs.2 lakhs / Rs.3 lakhs.
•
Customize you coverage period by choosing from 10/15/20/25 years, as per your requirement.
•
Tax benefits as per prevailing norms under the Income Tax Act, 1961.

Product Snapshot
 
Age at Entry** Min: 18 years Max: 60 years
Age at Maturity

Max : 70 years
Policy Term

10/15/20/25 years
Premium Payment Term Same as Policy Term
Premium Modes Yearly / Half-yearly / Quarterly / Monthly***
Sum Assured Rs. 1 lakh/ Rs. 2 lakhs/ Rs. 3 lakhs

** All the references to age are age as on last birthday.
*** For monthly mode, 3 months premium to be paid in advance and renewal premium payment is allowed only through ECS, Credit card, Direct debit and SI-EFT
 

Benefits:
 
•

Maturity Benefit:- On survival of the life assured, till the policy term, the Sum Assured along with the accrued regular bonus and terminal bonus (if any) is payable.

 
•
Death Benefit:- In case of unfortunate demise of the life assured within the policy term, the Sum Assured along with the accrued regular bonus and terminal bonus (if any) is payable to the nominee.
 
• Tax Benefits
  • Tax deduction under Section 80(C) is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.
 
  • Tax exemption under Section 10(10D) is available, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy.
 
  • Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details..
 
These are only summary of the product features. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
 
Buy Policy Online
  Login Area
  Go
   NAVs
  Click here to view the latest Unit Values & Newsletters >>
  Services
  Premium Calculator
  Insurance Calculator
  Tax Calculator
  Child Education Planner
  HLV Calculator
  Retirement Calculator
  Easy Plan Finder
IRDA | Consumer Education Website by IRDA | Life Insurance Council | Product Codes | SFIN Codes | Privacy Policy | Disclaimer | Do Not Call | Customer Feedback
Insurance is the subject matter of solicitation .IRDA Registration no. 111 issued on 29th March 2001.
Registered & Corporate Office: SBI Life Insurance Co. Ltd, Natraj, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069.
©2010 SBI Life Insurance Company Limited. All rights reserved.