SBI Life Smart Wealth Assure Premium and Maturity Calculator
SBI Life Smart Wealth Assure Premium and Maturity Calculator - SBI's Life Smart Wealth Assure Insurance policy is a Unit Linked non-participating Life Insurance Plan. SBI's Life Smart Wealth Assure Insurance policy is a single premium plan, wherein policy holders have to pay premiums once and can continue to enjoy the benefits throughout the policy term. SBI's Life Smart Wealth Assure Insurance policy also helps to enjoy market related returns along with insurance cover, with just a single premium.
Key Features - SBI Life Smart Wealth Assure Premium and Maturity Calculator
- Option to choose a mix of funds providing Market Linked Returns
- Market Linked Returns provided through 2 funds – Bond Fund & Equity Fund to give you the best possible returns
- Pay only once and get the benefits throughout the Policy Term
- Liquidity through Partial Withdrawal(s)
- Option to customize the product with Accidental Death Benefit Option
Age at Entry: Min: 8 years, Max: 65 years
Age at Maturity: 75 years
Policy Term: 10 to 30 Years (both inclusive)
Premium Payment Term: Single Premium (SP)
Single Premium Amount (X 100): Min: Rs 50,000, Max: No limit
Sum Assured - SBI Life Smart Wealth Assure Plan Premium and Maturity Calculator
- Min: For Ages below 45 yrs : 1.25 x SP, For Ages 45yrs & above: 1.10 x SP
- Max: For Ages below 45 yrs : 5 x SP, For Ages 45yrs & above: 3 x SP
Benefits - SBI Life Smart Wealth Assure Plan Premium and Maturity Calculator
Maturity Benefit: On completion of Policy Term, Fund Value will be paid.
Death Benefit - SBI Life Smart Wealth Assure Plan Premium and Maturity Calculator
- Higher of the Fund Value or Sum Assured is payable; with a minimum of 105% of Single premium paid.
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Accidental Death Benefit Option: Provides additional death benefit if the death occurs as a result of an accident.
Tax Benefits - SBI Life Smart Wealth Assure 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.
- Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
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