SBI Life Life Insurance Smart Income Protect Plan
SBI Life Insurance Smart Income Protect Plan 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 5, 10 or 15 years. Thereafter your payout period starts, where you get guaranteed regular annual payouts over a period of 15 years, meeting your various financial obligations. | |||||||||||||||||||||||||||||||||||||||||
Key Features: | |||||||||||||||||||||||||||||||||||||||||
• | Plan that provides Insurance Cover and Regular Income. | ||||||||||||||||||||||||||||||||||||||||
• | Choose your policy term from 5, 10 or 15 years. | ||||||||||||||||||||||||||||||||||||||||
• | Guaranteed annual payouts* (conditions apply) of 11% of Sum Assured/Paid up Sum Assured over a period of 15 years after maturity. The first instalment will be paid at the end of first year during the payout period. | ||||||||||||||||||||||||||||||||||||||||
• | Vested Reversionary bonuses plus Terminal bonus, if any, will be paid as lump sum at the end of the policy term, at maturity. | ||||||||||||||||||||||||||||||||||||||||
• | Customize your coverage through the wide range of additional rider benefits - SBI Life - Accidental Death benefit rider (UIN: 111B015V01), SBI Life - Accidental Total & Permanent Disability benefit rider (UIN: 111B016V01), SBI Life - Criti Care 13 Non Linked Rider (UIN: 111B025V01), SBI Life – Preferred Term Rider (UIN 111B014V01). | ||||||||||||||||||||||||||||||||||||||||
* Provided at Maturity, the policy is in force or paid-up. | |||||||||||||||||||||||||||||||||||||||||
Product Snapshot: | |||||||||||||||||||||||||||||||||||||||||
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^ All the references to age are age as on last birthday. #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] | |||||||||||||||||||||||||||||||||||||||||
Benefits: | |||||||||||||||||||||||||||||||||||||||||
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Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details. |
Product Brochure
You may download the brochure from here
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