LIC Premium and Maturity Calculator

SBI Life Saral Shield Premium and Maturity Calculator

SBI Life Saral Shield Premium and Maturity Calculator - SBI's Life Saral Shield Policy plan is a traditional non-participating pure term Insurance plan. SBI provides the policy an an affordable cost which protect your family and ensures that a proper safety. SBI Life Saral Shield Policy plan is guarantees that there will be no compromise on your dreams and ambitions for your loved ones.

Key Features of SBI Life Saral Shield Premium and Maturity Calculator

  • Hassle-free, convenient and easy issuance.
  • Financial Security.
  • Freedom from your liability by choosing one of the following plan options:
  • Level Term Assurance;
  • Decreasing Term Assurance (Loan Protection);
  • Decreasing Term Assurance (Family Income Protection)
  • Special premium discounts for women
  • Large sum assured rebates.
  • Enhance your protection by availing two riders-SBI Life- Accidental Death Benefit Rider and SBI Life-
  • Accidental Total and Permanent Disability Rider.
  • Tax benefits* as per prevailing norms under the Income Tax Act, 1961.

Entry Age:

  • Min: 18 years Max: 60 years
  • Age^ at Maturity Max: 65 years

Plan Options:

  • Level Term Assurance
  • Decreasing Term Assurance (Loan Protection)
  • Decreasing Term Assurance (Family Income Protection)

Sum Assured (x 50,000/-):

  • Min: Rs. 7,50,000
  • Max: Rs. 24,00,000

Policy Term:

  • Min: 5 years
  • Max:
    • Level Term Assurance & Decreasing Term Assurance(Family Income Protection): 30 years
    • Decreasing Term Assurance(Loan Protection), Equal to the outstanding loan term subject to maximum of 30 years

Premium Paying Term:

  • Regular Premium - pay premium till the chosen policy term
  • Single Premium - pay premium once for coverage till the chosen policy term

Premium Modes:

  • For Level Term Assurance:
  • Single Premium (SP), or Regular Premium(RP) : Yearly / Half-yearly / Quarterly / Monthly#
  • For Decreasing Term Insurance (Loan Protection) & Decreasing Term Insurance (Family Income Protection) : Single Premium

Benefits of SBI Life Saral Shield Premium and Maturity Calculator

  • Death Benefit: In case of the unfortunate demise of the life assured during the term of the policy, the nominee will receive the benefits, depending on the plan option chosen.
  • Maturity Benefit: No survival benefit available at the end of the term.
  • Riders:
  • SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
  • In case of death due to an accident, the Rider Sum Assured is payable in addition to normal death benefit.

SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN: 111B016V02) The Rider Sum Assured will be paid on the Life Assured being found eligible for the Total Permanent Disability Benefit as defined in the policy document.

Tax Benefits

  • You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

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