SBI Life Smart Women Advantage Plan Premium and Maturity Calculator
SBI Life Smart Women Advantage Plan Premium and Maturity Calculator - SBI's Life Smart Women Advantage Insurance policy is a participating Individual Traditional endowment plan with added new protection features which helps to women with financial planning and security that you will value forever.
Key Features - SBI Life Smart Women Advantage Plan Premium and Maturity Calculator
- A comprehensive Insurance plan designed for females providing benefits of - Life Cover + Savings + Critical Illness (CI) Benefit
- Optional benefit of Additional Pregnancy Complication and Congenital Anomalies (APC&CA) which provides cover for Pregnancy related complications and Child Birth related abnormalities.
Choice of 2 plans - SBI Life Smart Women Advantage Plan Premium and Maturity Calculator
- Gold Plan - Benefits include Life Cover + Savings + Cover against female specific Critical Illnesses
- Platinum Plan - Benefits include Life Cover + Savings + Cover against female specific Critical Illnesses +
- Other Critical Illnesses
- Critical illness payout (based on stage of severity) on happening of the specified CI
- In-built Premium Waiver benefit in the event of Major Stage CI
- Flexibility to choose the level of Death cover & CI cover – one/two/three times of Basic Sum Assured
- Large Sum Assured Rebate - Get Discount on premium rates, for customers opting for higher level of Basic
- Sum Assured
- Avail Tax benefits as per the prevailing norms under Section 80 D of the Income Tax Act, 1961 for premiums
- paid towards Health Benefit & 80 C benefits under the base policy.
Entry Age (Base Plan): Minimum: 18 years, Maximum: 50 years
Age at Entry (APC&CA option): Minimum: 18 years, Maximum: 35 years
Maximum Age at Maturity (Base Plan): 60 years
Maximum Age at Maturity (APC&CA option): 45 years
Basic Sum Assured (in multiples of Rs 1,000): Minimum: Rs2,00,000, Maximum: Rs 10,00,000
APC & CA Option Sum Assured: 20% of Basic Sum Assured
Policy Term: 10 years & 15 Years
Premium Frequency: Yearly / Half-Yearly/Quarterly/ Monthly##
Premium Paying Term: Same as policy term
Premium Frequency Loading: Half-Yearly: 51.00% of annual premium
- Quarterly: 26.00% of annual premium
- Monthly: 8.50% of annual premium
Benefits - SBI Life Smart Women Advantage Plan Premium and Maturity Calculator
Maturity Benefit (For In-force policies): On survival of the Life Assured up to maturity, Basic Sum Assured* + Vested Simple Reversionary Bonuses + Terminal bonus, if any, will be paid.
Death Benefit (For In-force policies): In the unfortunate event of death of the Life Assured, ‘Sum Assured on death’ along with Vested Simple Reversionary Bonuses Plus Terminal bonus (if any) or 105% of the premiums paid, whichever is higher, will be payable to the beneficiary.
In-built Benefit:
Premium Waiver Benefit (For In-force policies) - SBI Life Smart Women Advantage Plan Premium and Maturity Calculator
- Once a claim under the Major stage of CI is accepted by the Company, all future premiums including APC&CA option premium, if any, for the policy will be waived for the rest of the policy term, from the date of diagnosis of the medical condition. The remaining policy benefits shall continue throughout the policy term.
- Additional Pregnancy Complication and Congenital Anomalies (APC&CA) option: Provides cover against pregnancy related complications and child birth related abnormalities for which sum assured is fixed at 20% of Basic Sum Assured. This benefit is payable only once during the term of the option or till age of 45 years whichever is earlier. The Premium payable for this option will also ceases.
Tax Benefits - SBI Life Smart Women Advantage Plan Premium and Maturity Calculator
- 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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