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State Bank of India (SBI) Life Insurance - Individual Plans
Money Back Plan

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Insurance and Investment Plans - Money Back Plan
SBI Money Back Plan - A plan that not only gives you life-insurance but also gives you cash inflow at regular intervals.
As an individual your life is fueled by dreams. You experience different special moments in life like wedding, birth of a child, child’s education or purchasing a new home. You have to be financially prepared for these special moments. What you need is easy liquidity at regular intervals with life insurance protection to take care of these special moments.
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.
  Key Features:
The plan has a number of moneyback options specially suited to your needs.
Premium mode can be yearly, half-yearly, quarterly or monthly.
The cover is available at competitive premium rates.
It has guaranteed cash inflows which can meet your various financial obligations.
In addition to normal death cover, the plan also provides you 4 additional covers.
Get the benefit of Sec80C of IT act on premium and save your income tax.

Guaranteed Cash Flow:
Term of the Plan Guaranteed Survival Benefit payable Cumulative Guaranteed Survival Benefit
10 Years The last 3 years on the term 110% of Basic Sum Assured
15 Years After every 3 years on the term 115% of Basic Sum Assured
20 Years After every 4 years on the term 120% of Basic Sum Assured
25 Years After every 5 years on the term 125% of Basic Sum Assured

  Death Benefit:
  In the unfortunate event of death during the term of the plan, the nominee will receive Sum Assured + Vested Bonuses, (accrued till the date of death),
No deductions are made from the claim amount for the Survival Benefits already paid.
  Exclusions applicable to the Basic Cover:
Suicide within the first year
Other Optional Benefits:
  SBI Life - Term Assurance Rider:
      The benefit under the Term Assurance Rider is payable in addition to death benefit.
  SBI Life - Accidental Death and Accidental Total Permanent Disability Rider
  - In case of death due to an accident, the nominee gets the additional rider Sum Assured.
   - If the policyholder is involved in an accident, resulting in total permanent disability, he/she will get Sum    Assured under this rider in 10 equal annual installments; He/she will exit from all the rider covers    thereafter, but continue to be covered for basic cover on receipt of further premium due, if any.
  SBI Life - Premium Waiver Benefit Rider:
     Under this rider the policy holder need not pay future premiums for the base product, if he/she suffers    from total and permanent disability due to an accident after the rider is opted for.
  SBI Life - Critical Illness Rider:
  On diagnosis of any of the 6 critical illnesses (depending on the C.I. cover you have opted for) and you survive for more than 30 days from diagnosis; the Critical Illness Cover Amount is paid in a lumpsum. No more claims will be admitted under this cover. The Basic policy remains in force for all the other benefits.
Tax Benefit:
   SBI Life - Money Back Plan enjoys Tax benefit u/s 80 C and 10 (10 D) of IT Act*
   Premiums paid for SBI Life - Critical Illness Benefit qualify for tax exemption under Sec 80D*
What is the policy term?
Minimum Years Maximum Years
10 years 25 years

Who can buy this product? 
Eligibility Criteria
  Option 1:
Term 10 Years
Option 2:
Term 15 Years
Option 3:
Term 20 Years
Option 4:
Term 25 Years

Minimum age at entry

15 15 15 15
Maximum age at entry 60 55 50 45
What is the sum assured?
Minimum Maximum
Rs. 50,000 (and multiples of Rs. 10,000 thereafter) Rs.5 Crore.
  Last but not the least, you will get the seal of trust and loyalty from the most reputed name - State Bank of India.
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