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• SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator

SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator

SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator - SBI's Life Smart Guaranteed Savings Plan is a Traditional Non-participating Individual Savings Plan which offers a savings boost with Guaranteed Additions (Conditions Apply#). With this you have a protection of insurance cover to your family. So whenever you think about saving, you can choose Life Smart Guaranteed Saving Plan with lots of benefits.

Key Features - SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator

• Get Guaranteed Additions (GAs), at the end of each policy year, depending upon the installment premium amount chosen
  
• Guaranteed Additions# are added at the simple rate of 5.5% or 6% and will apply to the cumulative basic^ premiums paid.
  
• Pay premiums only for a limited period of 7 years and enjoy the benefits throughout the policy term of 15 years
  
• Get Life Insurance coverage, based on the premium chosen

Entry Age: Min: 18 years, Max: 50 years
Maximum Age at Maturity: 65 years
Policy Term: 15 Years
Premium Payment Term: 7 Years
Premium Frequency: Yearly
Sum Assured: Depends on the premium chosen

Benefits - SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator

Maturity Benefit (For In-force policies) - SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator

• On completion of Policy Term, Basic Sum Assured Plus accrued Guaranteed Additions, will be paid.
  

Death Benefit (For In-force policies) - SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator

• In the unfortunate event of death of the Life Assured, ‘Sum Assured on death’ along with accrued guaranteed additions will be payable to the beneficiary. Where, Sum Assured on death is Higher of (Basic Sum Assured or 10 times the Annualized Premium or 105% of total premiums paid as on the date of death).
  

Tax Benefits - SBI Life Smart Guaranteed Savings Plan Premium and Maturity Calculator

• Tax deduction under Section 80C 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 at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.
• 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.