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SBI Life Saral Maha Anand Premium and Maturity Calculator

SBI Life Saral Maha Anand Premium and Maturity Calculator - SBI's Life Saral Maha Anand Insurance policy will surprise you with its sheer Simplicity and Convenience. It is a unit linked, non participating life insurance plan, which help you to manage your investments according to your risk appetite and giving the power to realise market related returns on your policy. Customers can choose as per required life insurance cover subject to a minimum and a maximum level.

Key Features - SBI Life Saral Maha Anand Premium and Maturity Calculator

• No medical examination, Simple joining process^^
  
• Guaranteed Additions of up to 30% of one annual premium, for a 20 year policy term, subject to the Policy being in force till the maturity date.
  
• 3 fund options, to enjoy market related returns as per your risk appetite.
  
• No Premium Allocation Charge from 11th year onwards, thereby boosting your fund value
  
• Liquidity through partial withdrawals
  
• Option to customize the plan through SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V02)
  
• Twin Benefit of Market linked returns & insurance cover

Age at Entry: Minimum: 18 years, Maximum: 55 years
Max. Age at Maturity: 65 years
Policy Term: 10 years / 15 years / 20 years
Premium Modes: Yearly / Half-yearly / Quarterly / Monthly

Benefits - SBI Life Saral Maha Anand Premium and Maturity Calculator

Maturity Benefit - SBI Life Saral Maha Anand Premium and Maturity Calculator

On completion of Policy Term, Fund Value will be paid.

Death Benefit - SBI Life Saral Maha Anand Premium and Maturity Calculator

• Higher of the Fund Value or Sum Assured# is payable; with a minimum of 105% of total basic premiums paid till the time of death

Rider Benefits - SBI Life Saral Maha Anand Premium and Maturity Calculator

• SBI Life - Accidental Death Benefit Linked Rider: Provides additional death benefit, if the death occurs as a result of an accident.

Tax Benefits - SBI Life Saral Maha Anand 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.
  
• 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.