SBI Life Smart Shield Premium and Maturity Calculator
SBI Life Smart Shield Premium and Maturity Calculator - SBI's Life Smart Shield Insurance policy is a traditional non-participating pure term plan. It is a one stop solution that meets all your insurance needs. If customers want options and benefits for best financial protection at an affordable price, then this is the perfect insurance plan from your preferred insurance provider. Now your family stays protected, even when you are not around.
Key Features of SBI Life Smart Shield Premium and Maturity Calculator
- Establishes a solid foundation for a lifetime of financial security for your family.
- Rewards you for maintaining a healthy lifestyle.
- Wide variety of plan options to give you freedom from your liabilities.
- Large Sum Assured rebates.
- You can also customize your coverage by choosing from a wide range of additional benefits such as SBI Life - Accidental Death Benefit Rider, SBI Life - Accidental Total and Permanent Disability Benefit Rider and
- Accelerated Critical Illness cover option.
- Tax benefits* as per prevailing norms under the Income Tax Act, 1961.
Entry Age:
- Min: 18 years Max: 60 years
- Age^ at Maturity Max: 65 years
Plan Options:
- Level Term Assurance
- Increasing Term Assurance
- Decreasing Term Assurance (Loan Protection)
- Decreasing Term Assurance (Family Income Protection)
Sum Assured Min: Rs 25,00,000 (in multiples of Rs.1,00,000) Max: No limit
Policy Term - SBI Life Smart Shield Premium and Maturity Calculator
Min: 5 years
Max: For Level Term Assurance and Increasing Term Assurance and Decreasing Term Assurance (Family Income Protection): 30 years
For Decreasing Term Assurance (Loan Protection): Equal to the outstanding loan term subject to maximum of 30 years
Premium Paying Term:
- Regular Premium - pay premium till the chosen policy term
- Single Premium - pay premium once for coverage till the chosen policy term
Premium Modes:
- For Level Term Assurance, Increasing Term Assurance: Single Premium (SP), or Regular Premium(RP) (Yearly / Half-yearly / Quarterly / Monthly#)
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For Decreasing Term Assurance (Loan Protection)and Decreasing Term Assurance (Family Income Protection) : Single Premium
Benefits of SBI Life Smart Shield Premium and Maturity Calculator
Death Benefit: In case of the unfortunate demise of the life assured during the term of the policy, the nominee will receive the benefits, depending on the plan option chosen.
Maturity Benefit: No survival benefit available at the end of the term.
Other Benefits:
Cover Option:
- Accelerated Critical Illness benefit: You have the option to further enhance your Level Term Assurance and
- Increasing Term Assurance by opting for the Accelerated Critical Illness benefit.
- This option is available with Level Term Assurance and Increasing Term Assurance benefit.
Riders:
- SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
- In case of death due to an accident, the Rider Sum Assured is payable in addition to normal death benefit.
- SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN: 111B016V02)
- The Rider Sum Assured will be paid on the Life Assured being found eligible for the Total Permanent
- Disability Benefit as defined in the policy document.
Tax Benefits:
-
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.
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