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• SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator - SBI's Life Saral Swadhan Plus Insurance Policy is an Individual, non-linked, non-participating and term assurance policy with return of premium. This SBI's Life Saral Swadhan Plus Insurance Policy gives a fixed life cover wholelife term along with a guaranteed maturity benefit, provided atleast 3 annual premiums have been paid.

Key Features - SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

• Protection at affordable cost.
  
• Value for money.
  
• Easy enrollment through simplified proposal form.

Entry Age: Min: 18 years, Max: 55 years

Age at Maturity: Min: 28 years, Max: 70 years

Policy Term: 10 / 15 years

Sum Assured: Min: Rs. 30,000, Max: Rs. 4,75,000

Premium - SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

• Min: Rs. 1,500 Max: Rs. 5,000 Premiums are in multiple of Rs. 500.
  
• Service Tax./ Cess/ GST (currently only in case of J&K residents) and/ or any other statutory levy/ duty/ surcharge on your premiums, as notified by the Central and/or State Government from time to time as per the provisions of the prevalent tax laws will be borne by us.

Premium Payment term: 10 years (Fixed for both the Policy terms)
Premium Frequency: Yearly

Benefits - SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

On Maturity - SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

• On survival till the end of the policy term you get,
  
• Policy term 10 years - 100% of the total premiums paid
  
• Policy term 15 years - 115% of the total premiums paid
  
• Maturity benefit will be payable provided at least 3 annual premiums have been paid
  

Paid up value - SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

• Any time during the policy term if the premiums are not paid within grace period, the policy shall lapse.
  
• A lapsed policy will acquire paid-up only if at least three year’s premiums have been paid.
  
• A lapsed policy gives you the reduced benefits :
  
• Paid-up death benefit: will be reduced to the same proportion as the ratio of the number of premiums paid to the total number of premiums actually payable. The sum assured so reduced will be called paid-up sum assured. The policy can remain in-force for the reduced coverage
  
• Paid-up maturity benefit: will be 100% and 115% of Total Premium Paid for policy term 10 years and 15 years respectively.
  

Death Benefits - SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

• In case of death of life assured during the policy term, the nominee will receive Sum assured.
  

Tax Benefits - SBI Life Saral Swadhan Plus Plan Premium and Maturity Calculator

• 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.
  
• Income Tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time.