SBI Life Saral Swadhan Supreme
SBI Life Saral Swadhan Supreme
SBI Life Saral Swadhan Supreme
"A plan which returns all the paid premiums back upon completion of the policy term"
Several term insurance plans provide insurance coverage for the premium you have paid. But have you ever heard of a term plan that offers financial security to dependents and returns back all the paid premiums upon completion of policy term.
The SBI Life Saral Swadhan Supreme is such a plan which gives 100% of the total premiums paid as maturity benefit upon the survival of the whole policy term along with the continuous cover of death benefit.
SBI Life Saral Swadhan Supreme Plan offers you a range of benefits including:
- Return of Premium Benefit
- Add-on Riders
- Tax Benefits As Per Laws
- Surrender Benefit
- Death Benefit
- Multiple Premium Payment Term Cover
Eligibility Criteria for SBI Life Saral Swadhan Supreme
Entry age
Minimum Age - 18 years Maximum Age - 60 years
Maturity age
Maximum Maturity Age - 75 years
Policy term
Minimum term - 15 years Maximum term - 30 years
Sum assured
Basic Sum Assured: ₹25L to No Limit
Policy loan
The policy loan is not available under SBI Life Saral Swadhan Supreme Plan.
Payment modes
Yearly, Half-Yearly and Monthly
How Does SBI Life Saral Swadhan Supreme Plan Work?
Let's understand how the SBI Life Saral Swadhan Supreme Plan works with a simple premium illustration.
Problem
Mr. Verma, a 45-year-old banker wants to ensure that his family is able to maintain their lifestyle even when he is not around.
Solution
His financial advisor advised him to buy the SBI Life Saral Swadhan Supreme Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Saral Swadhan Supreme Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
|---|---|---|---|---|---|
| 30 years | ₹1,351/month | ₹16,212/year | 30 years | ₹4,86,360 | ₹1 Crore |
Key Takeaways: On his survival till the end of the policy term, he'll get back the total premium paid under the plan as a maturity benefit. In case of his unfortunate accidental death during 15 th policy year, ₹1 Crore will be paid to his family.
Benefits of SBI Life Saral Swadhan Supreme
Here are the benefits associated with the SBI Life Saral Swadhan Supreme
Death Benefit
In the unfortunate event of death of the life assured during the policy term, sum assured on death will be payable to the beneficiary in lump sum.
Maturity Benefit
On survival of the life assured till the end of the policy term, 100% of the total premiums paid during the policy tenure, shall be paid in lump sum.
Surrender Benefit
The policyholder can surrender the in-force policy or paid-up policy at any time during the policy term after payment of at least one full policy year's premium.
