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SBI Life – Saral Swadhan Supreme
UIN: 111N139V01
Product Code : 3F
Embark on a journey of financial security and your family's protection with SBI Life - Saral Swadhan Supreme and get return of total premium paid at the end of policy term, upon survival, that will not only safeguard your loved ones, but also creates a financial safety net that circles back to you. With SBI Life – Saral Swadhan Supreme, now you can navigate the dual paths of simplicity with an ease of issuance, crafting a shielded future that aligns seamlessly with your priorities.
Key Features –
- Life Insurance cover with ease of issuance
- Get 100% of Total Premiums Paid# as Maturity benefit
- Convenience to pay premium regularly or for a limited (7/10/15 years) period
#Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and taxes
Highlights
SBI Life Saral Swadhan Supreme
Ali, a 33-year-old working professional, has ensured his family’s financial independence. And if life goes as planned, he has the added benefit of knowing he can receive a 100% return of premiums.
Fill in the form field to see how you too can benefit from this plan.Name:
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Gender:
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Sum Assured
Premium frequency
Premium amount
(excluding taxes)
Premium Payment Term
Policy Term
Maturity Benefit
Features
- Protection : Life Insurance cover with ease of issuance
- Convenience : Pay premium regularly or for a limited (7/10/15 years) period
- Flexibility : You can choose policy term from 10 years to 30 years
- Maturity Benefit : Get 100% of Total Premiums Paid# as Maturity benefit.
- Tax Benefits$ : As per the prevailing norms under the Income Tax Act, 1961
#Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and taxes.
$You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. You are advised to consult your tax advisor on applicable tax benefits under the policy
Advantages
Security
- Protect your family’s future with life cover
Reliability
- Assurance of getting back the total premiums paid^ by you, on maturity
Flexibility
- Freedom to decide your policy term and premium payment frequency as per your requirements
Simplicity
- Enjoy life insurance cover with ease of issuance
Avail tax benefits^^
^Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and taxesDeath Benefit (Applicable only for in force policies):
In the unfortunate event of death of the Life Assured during the policy term, Sum Assured on Death will be payable to the beneficiary in lumpsum.Sum assured on death will be higher of:
- Basic Sum Assured* or
- 11 times of Annualised Premium^ or
- 105% of the total Premiums received# upto the date of death.
*The basic sum assured is the absolute amount of benefit chosen by the policyholder at the inception of the policy.
^Where, Annualized premium is the premium amount payable in a policy year, chosen by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
Maturity Benefit (Applicable only for in force policies):
On survival of the Life Assured till the end of policy term, 100% of the total premiums paid# during the policy tenure, shall be paid in lump sum.#Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and taxes.
For more details on risk factors, terms and conditions of SBI Life - Saral Swadhan Supreme, read the following documents carefully.
** LPPT – Limited Premium Payment Term / RP – Regular Premium
3F/ver1/01/24/WEB/ENG
^^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. For further details click here.