LIC Premium and Maturity Calculator

SBI Life Shubh Nivesh Plan Premium and Maturity Calculator

SBI Life Shubh Nivesh Plan Premium and Maturity Calculator - SBI's Life Shubh Nivesh Insurance Policy is a non- linked, with Endowment Assurance profits and an option of Whole Life coverage. The main purpose of the policy is to provide Savings, Income and Insurance Cover to you and your family. You can save your future but you also have the flexibility to receive the maturity amount as a lump sum or as a regular income for a chosen period, depending upon your needs.

Key Features - SBI Life Shubh Nivesh Plan Premium and Maturity Calculator

  • A savings plan with flexibility of availing whole life insurance as an add-on benefit
  • Benefits including Wealth Creation, Insurance cover and Regular flow of income
  • Flexibility to choose between Single or Regular premium payment
  • Additional rider benefits at an affordable cost
  • Option to receive the Basic Sum Assured at regular intervals over a stipulated time period of 5/10/15/20years
  • Comprehensive risk coverage through 3 Riders:
  • SBI Life - Preferred Term Rider (UIN:111B014V02)
  • SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
  • SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN 111B016V02)
  • Tax benefits as per prevailing norms under the Income Tax Act, 1961

Entry Age: Min.: 18 years, Max.: Endowment Option: ( RP - 58 years), (SP - 60 years) Endowment with Whole Life option - 50 years
Maximum Age at Maturity: 65 years, which increases to 100 years if the Endowment with Whole Life option is taken
Sum Assured: Min: Rs.75,000 (x 1,000/-), Max: No Limit

Policy Term: Min: Endowment Option: 7 (RP) / 5 (SP) years, Endowment with Whole life option: 15 (RP) / 15 (SP) years, Max.: 30 years (Endowment Term). Extended Life Cover upto age of 100 years in case of Endowment with Whole Life option
Premium Frequency: Single Premium / Yearly / Half-yearly / Quarterly / Monthly#
Premium Paying Term: Single Premium / Regular Premium (Same as policy term)

Premium Frequency Loading: Half-Yearly: 52.0% of annual premium, Quarterly: 26.5% of annual premium, Monthly: 8.9% of annual premium

Benefits - SBI Life Shubh Nivesh Plan Premium and Maturity Calculator

  • Maturity Benefit: Depending upon the plan option chosen:
    After completion of endowment term, the Basic Sum Assured + Vested Simple Reversionary Bonuses +
  • Terminal bonus, if any will be paid, provided the policy is in-force.
  • Deferred Maturity Payment option is available: Can be selected at the end of the endowment term
  • After completion of endowment term the Basic Sum Assured + Vested Simple Reversionary Bonuses +
  • Terminal bonus, if any will be paid, provided the policy is in-force.
  • Deferred Maturity Payment option is available: Can be selected at the end of the endowment term
    On attainment of 100th birthday: Basic Sum Assured will be paid

Death Benefit - SBI Life Shubh Nivesh Plan Premium and Maturity Calculator

Other Benefits

  • Deferred Maturity Payment OptionYou can use this option to get income at regular intervals. At the end of the endowment term you can either withdraw the full sum assured along with accumulated bonuses or you can withdraw only the bonus, leaving the basic sum assured to be drawn as income at regular intervals over a stipulated time period of 5 , 10 , 15 or 20 years. Income will be paid at a frequency (Yearly/Half-Yearly/Quarterly/Monthly) of your choice.

Three Rider Options - SBI Life Shubh Nivesh Plan Premium and Maturity Calculator

  • SBI Life - Preferred Term Rider (UIN:111B014V02): The Preferred Term Rider Sum Assured is payable in addition to normal death benefit
  • SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02): In case 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 - SBI Life Shubh Nivesh Plan Premium and Maturity Calculator

  • 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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