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SBI Life – Shubh Nivesh
UIN: 111N055V04
Product Code: 35
Make an
auspicious
start with
regular income.
Achieving your family's goals, meeting your growing lifestyle needs and safeguarding your loved ones has always been your priority. Now, enjoy a fulfilling tomorrow with SBI Life-Shubh Nivesh which provides you with protection, savings and a regular income to build a secured financial corpus for life.
Key Features :
- Triple Benefits of Insurance Cover, Savings and Regular Income
- Insurance cover up to 100 years of age in Endowment with Whole Life Option
- Enhance your coverage through three rider^ options at a nominal cost
Highlights
Non- linked, with profit Endowment Assurance plan
Dinesh, a 47-year-old professor, has opted for an endowment plan with whole life coverage to take care of his family’s financial needs and stay protected for life.
Change the form fields below to see how you too can live a tension-free life with SBI Life – Shubh Nivesh.Name:
DOB:
Gender:
Male Female Third GenderStaff:
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Sum Assured
Premium frequency
Premium amount
(excluding taxes)
Premium Payment Term
Policy Term
Maturity Benefit
At assumed rate of returns** @ 4%or
@ 8%
Features
- Avail life cover for up to 30 years or whole life depending on your insurance needs.
- Simple reversionary bonuses throughout the policy term
- Two plan options – endowment option and endowment with whole life option.
- Get comprehensive coverage at an affordable cost with three rider options.
- Provides Additional Basic sum assured on death of the life assured post maturity, under the Endowment with whole life option.
Advantages
Security
- Protect your family and empower them to fulfill their aspirations
- Helps you reach your financial goals
Reliability
- Build your corpus through regular simple reversionary bonuses throughout the policy term
Flexibility
- Two plan options to provide you with life coverage to meet your financial needs
- Option to receive regular income to suit your financial requirements
- Choice of Single or regular premium payment
Affordability
- Enhance your coverage through three rider options at a nominal cost
- SBI Life - Preferred Term Rider
- SBI Life - Accidental Death Benefit Rider
- SBI Life - Accidental Total and Permanent Disability Benefit Rider
Avail tax benefits*
Depending upon the plan option chosen:
- After completion of endowment term, the Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal bonus, if any will be paid, provided the policy is in-force
- Deferred Maturity Payment option is available: Can be selected at the end of the endowment term
- After completion of endowment term the Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal bonus, if any will be paid, provided the policy is in-force
- On attainment of 100 years of age: Additional Basic Sum Assured will be paid
- Deferred Maturity Payment option is available: Can be selected at the end of the endowment term
In the unfortunate death of the Life Assured, depending upon the plan option chosen:
- Before the completion of endowment term provided the policy is in-force :
- A. Sum Assured on death +Vested Simple Reversionary Bonuses +Terminal bonus, if any.
- B. 105% of the total premiums recieved@ up to the date of death.
@Total premiums paid/ received means total of all the premiums received, excluding any extra premium, rider premium and taxes.
For Single Premium: Sum Assured on death +Vested Simple Reversionary Bonuses + Terminal bonus, if any, is paid to the nominee/beneficiary/legal heir.
- Before the completion of endowment term provided the policy is in-force:
- Death Benefit as defined under point 1 of Endowment option, will be paid to the nominee/Beneficiary/Legal heir.
- After completion of the endowment term, If whole life option is selected :
- Basic Sum Assured benefit will be paid to the nominee/beneficiary/legal heir.
Deferred Maturity Payment Option:
You can use this option to get income at regular intervals. At the end of the endowment term you can either withdraw the full basic sum assured along with accumulated bonuses or you can withdraw only the bonus, leaving the basic sum assured to be drawn as income at regular intervals over a stipulated time period of 5 , 10 , 15 or 20 years. Income will be paid at a frequency (Yearly/Half-Yearly/Quarterly/Monthly) of your choice.
Three Rider Options: -
SBI Life - Preferred Term Rider (UIN: 111B014V02): In the unfortunate event of death, the rider Sum Assured will be paid in addition to the death benefit under the base policy.
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03): In case death due to an accident, the rider Sum Assured will be paid in additon to the death benefit under the base policy.
SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN 111B016V03): Accidents are unpredictable. They may lead to total and permanent disability and this rider provides protection against such disabilities. In the unfortunate event of ATPD, the rider sum assured is paid but the policy and other benefits continue.
On payment of premiums, base covers and rider cover continue till the end of the term as chosen by you.
#For Monthly mode, upto 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card)
For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction
NW/35/ver1/02/22/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 riders, terms and conditions, please read rider brochure.
*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 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.