Saving And Investment Plans
SBI Life - Smart Income Protect
Synopsis:
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SBI Life - Smart Income Protect is a savings plan with added advantage of life cover and regular cash inflow at the time you need. It is a participating traditional plan where you continue to pay your regular premiums over a period of 7, 12 or 15 years.
Features:
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- Plan that provides Insurance Cover and Regular Income.
- Choose your policy term from 7 years, 12 years or 15 years.
- Premium paying term will be same as policy term chosen by you.
- Vested Reversionary bonuses plus Terminal bonus, if any, will be paid as lump sum at the end of the policy term, at maturity.
- Guaranteed$ annual payouts of 11% of Basic Sum Assured/Paid up Sum Assured over a period of 15 years after maturity.
- Alternatively, you have an option to receive the maturity benefit in a lump sum, which will be 110% of basic sum assured plus Vested Reversionary bonuses plus Terminal bonus, if any.
Eligibility:
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Age^ at Maturity |
Min: 18 years Max: 65 years |
Sum Assured |
Min: Rs.1,00,000/- (× 1,000/-) Max*: No Limit |
Policy Term |
7/12/15 years |
Premium Frequency |
Yearly / Half-yearly / Quarterly / Monthly |
Payout Period |
15 years |
Payout Frequency |
Yearly |