The SBI Life Savings Plan is an Investment plan in which the policyholder contributes money on a regular basis to reach a financial goal on a term basis. The Savings plans offered by SBI Life gives you a regular tax-free income at guaranteed rate of returns. SBI Life also provides added advantage of life cover and regular cash inflow at the time to the policyholder need.
SBI Life Savings Plan
The SBI Savings Plans offers a chance to save you money steadily in small amounts. The Savings plans offered by SBI Life Insurance helps insured to realise dreams and protect his/her loved ones from life’s uncertainties. Besides providing you with a Savings cover, SBI Life solutions encourage you to save regularly, by offering flexible Investment Plans. The SBI Life Savings Plans help you to achieve goals by investing your surplus money rightly so that you lead a comfortable life tomorrow. The Life Assured can pay the Premium of SBI Life Insurance Saving Plans, Investment Plans by using SBI Life Online Payment. The Insured can also calculate the premium for the desired Investment Plan or Saving Plan using SBI Life Premium Calculator.
SBI Life Savings Plan Key Features and Benefits
Savings Plans offered by SBI Life have some specific key features and benefits.
SBI Life Savings Plans Key Features
- Savings Plan offered by SBI Life provides Regular Income and Insurance Cover.
- These Savings plans Provides Additional Accidental death benefit riders.
- Income Tax Benefits are also available under Section 80C.
- These SBI Life savings plans offer Maturity Benefit and Death Benefit.
- Rebates on large Sum assured.
- Flexibility to increase your chosen policy term.
- Survival Benefits of Sum Assured will be paid till maturity.
- Saving cover at low cost.
- Flexibility to modify your chosen Sum Assured.
SBI Life Saving Plans Benefits
The beneficiary will receive the higher amount as the death benefit is Sum Assured on death + Vested simple bonuses + terminal bonus(if any) and 105% of all the premiums paid till the date of mortality.
The life insured will receive yearly payouts equal to 11% of basic sum assured after maturity. The policyholder will receive the vested bonuses plus terminal bonus (if any) on survival at the end of the policy term.
SBI Life Insurance Saving Plans
SBI Life Savings Plans will help you save money for your Future. The SBI Life Savings Plan ensures policyholder to receive a lump sum amount of money at the maturity of the policy. Take it as a good time to Invest in a Best Savings Plan today and enjoy your Life on your terms. The policyholder can also buy an SBI Life Savings Plan Online by visiting the official website of SBI Life. Let us check the savings plans offered by the SBI Life Insurance.
- Smart Women Advantage.
- SBI Life Smart Humsafar.
- CSC Saral Sanchay.
- SBI Life Smart Swadhan Plus.
- Smart Money Planner.
- SBI Life Smart Guaranteed Savings Plan.
- Smart Income Protect.
- SBI Life Smart Money Back Gold.
- Shubh Nivesh Plan.
- Saral Swadhan+.
- Flexi Smart Plus.
SBI Life Smart Women Advantage Plan
Women are unique, smart, and have put in your very best to turn your dreams into reality. SBI Life Smart Women Advantage Plan (UIN: 111N106V01) is a comprehensive Insurance plan designed for females providing benefits of Life Cover and Savings along with Critical Illness Benefit. SBI Smart Women Advantage plan offers a choice of two plans such as Gold Plan and the Platinum Plan. Smart Women Advantage Plan provided by SBI Life Insurance Offers In-built Premium Waiver benefit in the event of Major Stage Critical Illness. The sum assured is range from Rs. 2,00,000/- to the maximum of Rs. 10,00,000/-.
This plan provides flexibility to select the level of Death Cover and Critical Illness cover – one/two/three times of Basic Sum Assured. The eligible Entry age for this smart Women Advantage plan is 18-50 years for Base Plan and APC&CA option is 18-35 years. Check the complete details in the SBI Life Smart Women Advantage Plan Brochure.
SBI Life Smart Swadhan Plus Plan
Smart Swadhan Plus Plan (UIN: 111N104V01) is an Individual Non-linked and Non-participating Term Assurance with Return of Premium Insurance Plan. This Insurance plan helps you to meet your need of protection with the added advantage of getting your total basic premiums paid back on Maturity, provided the policy is in-force. As a responsible, individual, you have always coveted to fulfil the financial requirements of your family in case of any unfortunate eventuality.
By choosing to insure yourself at an affordable cost, you can live the rest of life with peace mind. The Smart Swadhan Plus plan provides Twin benefits to you as Protection and 100% Return of Premiums. This plan offers a flexibility select the period for which you want protection, High Sum Assured Rebate and Tax Benefits under Section 80C. The eligible entry age for Smart Swadhan Plus Plan is 18 to 65 years. Check the complete details in the SBI Life Smart Swandhan Plus Brochure.
SBI Life Smart Humsafar Plan
Smart Humsafar (UIN: 111N103V02) is a best savings plan offered by SBI Life. SBI Life Smart Humsafar is a Joint Life non-linked participating endowment plan. This Smart Humsafar savings plan provides you with multiple benefits of savings and insurance cover for the spouse, making it a perfect gift for you and your loved ones. The eligible entry age for this Smart Humsafar Savings plan is 18-46 years. This plan offers the following features such as Additional rider benefit at an affordable cost, premium waiver in case of death of any one of the lives assured for in force policies and Tax benefits.
The Sum assured ranges from Rs. 1,00,000/- to Rs. 5,00,00,000/-. For more details check SBI Life Smart Humsafar Plan Brochure here.
SBI Life Smart Money Planner
Smart Money Planner (UIN: 111N101V02) is an individual, non-linked, with profit endowment assurance plan with added feature of guaranteed cash inflow at regular intervals tailored to suit your financial requirements. This savings plan offers you a financial support for fulfilling your short and long term goals. Smart money Planner offered by SBI Life provides you with a life cover throughout the policy term without burdening you with premium payment for the entire policy term. For more about this savings plan refer SBI Life Smart Money Planner Brochure.
SBI Life CSC Saral Sanchay Plan
CSC Saral Sanchay (UIN : 111N099V01) is an individual, non-linked, non-participating, variable Insurance plan offered by SBI Life. SBI Life CSC Saral Sanchay plan can be purchased by any individual aged between 18 – 60 years from an authorised Common Service Centre under the National e-Governance Plan (NeGP) of Government of India. CSC Saral Sanchay is a Life Insurance cum Savings plan with simple and easy enrollment. For more details check CSC Saral Sanchay Plan Brochure.
SBI Life Smart Income Protect
Smart Income Protect (UIN: 111N085V03) is a savings plan offered by SBI Life with added advantage of life cover and regular cash inflow at the time you need. SBI Life Savings Plan is a participating traditional policy where you continue to pay your regular premiums over a period of 7 years, 12 years or 15 years. For more about this plan Check SBI Life Smart Income Protect Plan Brochure.
SBI Life Smart Guaranteed Savings Plan
Smart Guaranteed Savings Plan (UIN: 111N097V01) provides your savings with a boost with Guaranteed Additions. It also provides a protection insurance cover to your family has total peace of mind. So while you enhance your good habit of saving, we reward you with loads of add-on benefits. For more about this plan Check SBI Life Smart Guaranteed Savings Plan Brochure.
SBI Life Smart Money Back Gold
Smart Money Back Gold (UIN: 111N096V02) is a savings plan with added advantage of life cover and cash inflow at regular intervals. SBI Life Smart Money Back Gold is a participating traditional money back insurance plan. For more details check SBI Life Smart Money Back Gold Plan Brochure.
SBI Life Shubh Nivesh
Shubh Nivesh (UIN: 111N055V03) is a non- linked, with profit Endowment Assurance plan with an option of Life coverage. The basic purpose is to provide Savings and Income, Insurance Cover to you and your family. For more details check SBI Life Shubh Nivesh Plan Brochure.
SBI Life Saral Swadhan+
Saral Swadhan+ (UIN: 111N092V01) is an Individual, non-linked, non-participating, term assurance plan with the return of premium. SBI Life Saral product gives you a fixed life cover throughout the policy term. Along with a guaranteed maturity benefit, provided at least three annual premiums have been paid. For more information check SBI Life Saral Swadhan+ Brochure.
SBI Life Flexi Smart Plus
Flexi Smart Plus (UIN : 111N093V01) is Individual, Participating, Variable Insurance Plan, which helps policyholder in fulfilling dreams. It also offers you the flexibility to adapt to your ever-changing needs, while assuring guaranteed benefits to taking care of your savings. For more details check SBI Life Flexi Smart Plus Insurance Plan Brochure.
SBI Life Savings Plan Buying Procedure
The SBI Life Savings Plan purchasing procedure is available here. Before purchasing the SBI Life Insurance Savings, read the Plan details carefully. The policyholder can purchase this SBI Life Savings Plan in two ways either online or offline. For Online mode refer the SBI Life India Official Website. For offline mode, Visit the nearest SBI Life Branch Office. Get the documents required for the SBI Life Savings Plans here.
- Proposal Form along with the Photograph.
- Address Proof ( Nominee & Life assured).
- Age proof of the Life assured.
SBI Life Savings Plans Claim Procedure
The Life insured can claim the savings plan offered by SBI Life insurance after the completion of the policy period. In the case of eventual death of the policyholder, the nominee can claim instead of the Life assured. Let us have a glance at the documents required for Claim the SBI Life SBI Life Endowment Plan here.
- Original policy Bond / Document.
- Discharge form.
- Cancel check or Bank Passbook xerox.
- NEFT Form.
- Death certificate ( If in the case of the eventual death of the life insured).
- Proof of Accident and Disability.
- Proof of title.
SBI Life Savings Plan Premium Calculator
SBI Life Premium Calculator is to calculate Premium amount for yearly, half-yearly, quarterly and monthly of any policy. This New SBI Life savings plan calculator is used to estimate the benefits offered by the SBI Life Savings Plan. The SBI Life Maturity Calculator provision helps policyholder to calculate the premium and amount paid to the insured after maturity. SBI Life Premium Calculator is very useful for the policyholder to calculate their Maturity amount and premium amount.
To knock the uncertainty of life, SBI Life Insurance savings plans offers a broad range of solutions. If you are looking for a plan that guarantees financial protection to your family or saving that extra bit of money for post-retirement life, SBI Life Savings Plans are the best Option for you. SBI Life Savings Insurance Plan has come up with different insurance plans to assist you in all stages of life.