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
Get protection for your family, in case of an eventuality
Enjoy benefit of getting your premiums back at the end of the policy term
Option to pay premiums as per your financial capability
Hassle-free application to ensure prompt processing
Avail tax benefits*
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.
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 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.