SBI Life Insurance Sanjeevan Supreme Plan



Introduction:

You and your family deserve the very best in life. However life is all about change and with rising costs and economic instability, you may not be sure about your future incomes. You need a product that offers you the following:

A life cover for the term of your choice.
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At the same time does not burden you with liability to pay premiums for the entire term.
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Cash inflow at regular intervals.
SBI Life presents SBI Life – Sanjeevan Supreme, one of a kind plan, especially designed for you.
Key Features:
The plan has a number of moneyback options specially suited to your needs.
The cover is available at competitive premium rates.
It has guaranteed cash inflows which can meet your various financial obligations.
Product type:
It is a Traditional Saving Plan with added advantage of life cover and guaranteed cash inflow at regular intervals.
How does it work?

SBI Life Money Back is a saving plan with added advantage of life cover and cash inflow at regular intervals. This plan is designed for individuals who want to plan for various financial obligations at specified times in life.

Keeping your convenience in mind, we have designed four plan options: for 10, 15, 20 or 25 years

Term of the Plan
Premium Payment Term
Growth/Deferment Period
MoneyBack Period
Total Term of The Policy(2+3+4)
Plan A
6 Years
4 Years
5 years @ 20% Sum Assured p.a.
15 years

Plan B

6 Years
4 Years
10 years @ 10% Sum Assured p.a.

20 years

Plan C
10 Years
5 Years
5 years @ 20% Sum Assured p.a.
20 years
Plan D
10 Years
5 Years
10 years @ 10% Sum Assured p.a.
25 years
Benefits
You can pay off all premiums over a short period of time and be free from paying premiums for the rest of the policy term, while enjoying all the benefits for the entire policy term.
Enjoy the benefits of bonus additions for the entire term of the policy.
Convenient premium payment options: Single and Multiple premium payment.
Maturity Benefit
At the end of the growth period, you would receive guaranteed payout in 5 years or 10 years, depending on the plan option chosen by you. The bonuses declared by the company get accumulated for the entire term of the plan and you would receive total bonus along with the final installment of Survival benefit.
Death Benefit
In the unfortunate event of death during the term of the plan, the nominee would receive sum assured + vested bonuses, besides receiving of the survival benefit already paid.
Exclusions applicable to the Basic cover
Suicide within the first year.
What is the policy term?
Plan A: 15 years.
Plan B & C: 20 years.

Plan D:

25 years.



Who can buy this product?
Eligibility Criteria
                                                     Plan type
A B C D

Minimum age at entry

18 18 18

18

Maximum age at entry 60 55 55 50
What is the sum assured?
Minimum Maximum

Rs. 50,000 (and multiples of Rs. 10,000 thereafter)

Rs.5 Crore.

Riders available
  • SBI Life – Accidental Death and Accidental Total Permanent Disability
  • SBI Life – Term Assurance rider

 

 

SBI Life Insurance Sanjeevan Supreme Plan
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