If you don’t like ULIP insurance plan and still wants to invest in insurance plan, there is good news for you. SBI life insurance has introduced a new traditional (non-ULIP) plan – Flexi Smart Insurance, which not only gives you tax benefits but also Guaranteed Interest...
Guaranteed Income Payout Rates of up to 13% p.a.
Product Summary: This is an Endowment Assurance plan designed to enable a parent or a legal guardian or any near relative of the child (called proposer) to provide insurance cover on the life of the child (called life assured). The plan has two stages, one...
This is an Endowment Assurance Plan available for children of less than 12 years of age.
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business after the deferred date.
This plan is specially designed to meet the increasing educational and other needs of growing children.
On the Life Assured or child surviving the maturity date of the contract, an amount equal to the Policyholder’s Fund Value is payable.
For a Money-Back Policy of 25 years (Table 93), 15% of the sum assured becomes payable each after 5, 10, 15 and 20 years, and the balance 40% plus the accrued bonus become payable at the 25th year.
Under this plan premium payment is limited to 3 or 4 or 5 years and the premium payable during the first year is higher than the premiums payable in subsequent years.
With an insurance cover till age 100, Whole Life Participating Plan is designed to provide you a lifetime of security.