SBI Life – Saral Swadhan Supreme | Life Insurance Savings Plans
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SBI Life – Saral Swadhan Supreme

UIN: 111N139V02

Product Code : 3F

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SBI Life Saral Swadhan Supreme with Return of Premium

Opt for an effortless life
cover with return of premium

An Individual, Non- Linked, Non-Participating, Life insurance Savings product with Return of Premium

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 means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

Highlights

SBI Life Saral Swadhan Supreme with Return of Premium

SBI Life Saral Swadhan Supreme

plan profile

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:

DOB:

Gender:

Male Female Third Gender

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A little information about the premium options...

Plan Type

Premium Frequency


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

Policy Term

10 30

Premium Paying Term

Sum Assured

25 Lakhs 5000000

Channel Type


SBI Life – Accident Benefit Rider (111B041V01)

Term For ADB Rider

7 15

ADB Rider Sum Assured

50,000 7,50,0000

Term For APPD Rider

7 15

APPD Rider Sum Assured

50,000 25,00,000

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sum assured

Sum Assured


premium frequency

Premium frequency

Premium amount
(excluding taxes)


premium paying

Premium Payment Term


Policy Term

Policy Term


maturity benefits

Maturity Benefit

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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.
  • Enhanced Protection: Optional Accident Benefit Rider available
  • Tax Benefits$ : As per the prevailing norms under the Income Tax Act, 1961
 

#SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD).

#Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

$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 means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

Death 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 Paid# 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 shall be the premium amount payable in a year, chosen by the excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

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 means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

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

SBI Life Saral Swadhan Supreme Details
* Age mentioned in this document is age last birthday on the date of proposal
** LPPT – Limited Premium Payment Term / RP – Regular Premium

3F/ver1/09/24/WEB/ENG

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

For more details on risk factors, terms and conditions of riders please read the rider 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. For further details click here.