SBI Life Insurance Sanjeevan Supreme Plan



SBI Life Insurance Sanjeevan Supreme Plan is a traditional Saving Plan with added advantage of life cover and guaranteed cash inflow at regular intervals tailored to suit all your needs and requirements. This plan is designed for individuals who want to plan for various financial obligations at specified times in life. It provides you with financial support for fulfilling all your long term and short term goals. Further, it offers you a life cover for the term of your choice and that too without burdening you premium payment for the entire term.

Key Features:

The plan has a number of moneyback options specially suited to your needs.
The cover is available at competitive premium rates.
It has guaranteed cash inflows which can meet your various financial obligations.

Product Snapshot

Plans Options
Plan A, Plan B,  Plan C,  Plan D
Plan A Plan B Plan C Plan D
Premium Payment Term ( PPT) 6 years 6 years 10 years 10 years
Growth / Deferment Period 4 years 4 years 5 years 5 years
Money Back Period 5 years @ 20% Sum Assured p.a. 10 years @ 10% Sum Assured p.a. 5 years @ 20% Sum Assured p.a. 10 years @ 10% Sum Assured p.a.
Total Term of the Policy 15 years 20 years 20 years 25 years
Premium Payment Mode Yearly / Half Yearly / Quarterly / Monthly** / Single Premium
Minimum Entry Age 18 years 18 years 18 years 18 years
Maximum Entry Age 60 years 55 years 55 years 50 years
Sum Assured
Minimum Sum Assured Rs 50000/-
Maximum Sum Assured Rs 5 Crores
Riders Available
SBI Life – Accidental Death and Permanent Disability Rider: (UIN: 111C001V01)
SBI Life – Pure Term rider: (UIN: 111B003V01)
* All the references to age are age as on last birthday.
**For monthly mode, 3 months premium to be paid in advance and renewal premium payment is allowed only through ECS, Credit card, Direct debit and SI-EFT



You can pay off all premiums over a short period of time and be free from paying premiums for the rest of the policy term, while enjoying all the benefits for the entire policy term.
Enjoy the benefits of bonus additions for the entire term of the policy.
Convenient premium payment options: Single and Multiple premium payment.
Maturity Benefit
At the end of the growth period, you would receive guaranteed payout in 5 years or 10 years, depending on the plan option chosen by you. The bonuses declared by the company get accumulated for the entire term of the plan and you would receive total bonus along with the final installment of Survival benefit.
Death Benefit
In the unfortunate event of death during the term of the plan, the nominee would receive sum assured + vested bonuses, besides receiving of the survival benefit already paid.
Exclusions applicable to the Basic cover
Suicide within the first year.
Tax Benefits
Tax deduction under Section 80(C) is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.
Tax exemption under Section 10(10D) is available, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy.
Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details..
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.




You may view or download the official brochure of this plan from here.


You may calculate the premium of this plan from here.

Also Read :   SBI Life Insurance Flexi Smart Insurance Plan

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