An Individual, Non-linked, Non-participating, Life insurance, saving product 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 an Individual, Non-linked, Non-participating, Life insurance, saving product with return of premium feature that offers fixed life cover throughout the policy term along with an added advantage of guaranteed maturity for in-force and paid-up policies.
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.
SBI Life Saral Swadhan+
Return of Premium
SBI Life Saral Swadhan Plus - Term Assurance Plan
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+.
Let's finalize the policy duration you are comfortable with...
Fixed life cover throughout the term along with maturity benefits
Maturity benefits of 100% or 115% of the total premiums^ paid (for policy term of 10 &15 years respectively )
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
^Total Premiums Paid means total of all the premiums received, excluding any extra premium and applicable taxes
Maturity benefit will be payable provided at least 2 consecutive policy years’ premium are fully paid.
In case of death of life assured due to any cause, Sum Assured on death will be payable to the nominee/beneficiary, provided the policy is in-force.
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 2 consecutive policy years’ premium are fully paid.
A lapsed policy gives you the reduced benefits:
Paid-up Maturity Benefit:
100% and 115% of Total Premiums Paid for policy term 10 years and 15 years respectively.
Paid-up Death Benefit:
The Sum Assured on death 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.
For more details on risk factors, terms and conditions of the SBI Life – Saral Swadhan+, read the following documents carefully.
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 may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. For further details click here. Please consult your tax advisor for details.