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SBI Life – Smart Swadhan Supreme
UIN: 111N140V01
Product Code: 3D
Secure your family’s future to ensure they lead a comfortable life without any financial hardship even when you are not around. Introducing SBI Life - Smart Swadhan Supreme, that provides life cover at affordable premiums and also returns total premium paid at the end of policy term, upon survival.
Key Features –
- Life Insurance cover at an affordable cost
- Get 100% of Total Premiums Paid# as Maturity benefit
- Convenience to pay premium regularly or for 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 Smart Swadhan Plus
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 GenderStaff:
Staff Non-staffSmoker:
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Sum Assured
Premium frequency
Premium amount
(excluding taxes)
Premium Paying Term
Policy Term
Maturity Benefit
Features
- Protection : Life Insurance Cover at an affordable cost to protect yourself
- Convenience : Pay premium regularly or for a limited (7/10/15 years) period
- Flexibility : You can choose for 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
Advantages
Security
- Protect your family’s future with life cover at an affordable cost
Flexibility
- Freedom to decide your policy term and premium payment term as per your requirements
Reliability
- Assurance of getting back the total premiums paid# by you, on maturity
Avail tax benefits^^
#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.
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 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 model 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 - Smart Swadhan Supreme, read the following documents carefully.
**LPPT: Limited Premium Payment Term ; RP: Regular Premium
3D/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.