SBI Life - Saral Swadhan Plus | Life Insurance Savings Plans
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SBI Life – Saral Swadhan+

UIN: 111N092V02

Product Code: 1J

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Get protection, return of premium and more.

  • Life cover throughout the policy term
  • Fixed maturity benefit
  • Value for money
  • Easy enrolment
Individual, non-linked, non-participating, term assurance plan with return of premium

Do you want to protect your family with the assured return of premiums?

Now get protection with the added benefit of getting your premiums back. SBI Life – Saral Swadhan+ is a term assurance plan that offers fixed life cover and return of premiums at maturity.

This plan provides –
  • Security – meet your family’s needs in case of an eventuality
  • Reliability – return of premiums at maturity
  • Flexibility – choose between two policy terms and multiple premium options
  • Simplicity – easy enrolment

Fill in your basic details in our benefit illustrator below, and see how this plan can help you.
Build the foundation for a brighter tomorrow by investing today.

Highlights

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Individual, non-linked, non-participating, term assurance plan with return of premium

Vineet, a shopkeeper by occupation, achieved his dream of becoming financially secure and protecting his family with this insurance coverage.

Fill in your details in the form fields below, and see how you too can benefit from SBI Life – Saral Swadhan+.

Name:

DOB:

Gender :

Male Female

Let's finalize the policy duration you are comfortable with...

Policy Term

Premium Payment Mode


A little information about the premium options...

Premium Amount

1500 5000

Reset

Sum Assured


Premium frequency

Premium amount
(excluding taxes)


Premium Payment Term


Policy Term


Maturity Benefit

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Features
 
  • Fixed life cover throughout the term along with maturity benefits
  • Maturity benefits of 100% or 115% of the premium paid, based on the policy term
  • Policy term options - 10 years and 15 years
  • Choose the premium amount you wish to pay
  • Simplified proposal form

Advantages

Security
  • Get protection for your family, in case of an eventuality
Reliability
  • Enjoy benefit of getting your premiums back at the end of the policy term
Flexibility
  • Option to pay premiums as per your financial capability
Simplicity
  • Hassle-free application to ensure prompt processing
Avail tax benefits*
Maturity Benefit:
On survival till the end of the policy term you may get,
  • Policy Term 10 years - 100% of the total premiums paid
  • Policy Term 15 years - 115% of the total premiums paid

Maturity benefit will be payable provided at least 3 annual premiums have been paid.

Death Benefit:

In case of death of life assured during the policy term, the nominee will receive Sum Assured.

Paid up Value:

Any time during the policy term if the premiums are not paid within grace period, the policy shall lapse. A lapsed policy will acquire paid-up only if at least three year's premiums have been paid.

A lapsed policy gives you the reduced benefits:
  • Paid-up Maturity Benefit:
    100% and 115% of Total Premium Paid for policy term 10 years and 15 years respectively.
  • Paid-up Death Benefit:
    The benefit will be reduced to the same proportion as the ratio of the number of premiums paid to the total number of premiums actually payable. The sum assured so reduced will be called paid-up sum assured. The policy can remain in-force for the reduced coverage.

For more details on risk factors, terms and conditions of the SBI Life – Saral Swadhan+, read the following documents carefully.

^ All references to age are age as on last birthday.

1J.ver.02-06/17 WEB ENG

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.

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E-mail us at

info@sbilife.co.in