LIC Premium and Maturity Calculator

SBI Life Smart Income Protect Plan Premium and Maturity Calculator

SBI Life Smart Income Protect Plan Premium and Maturity Calculator - SBI's Life Smart Income Insurance policy is a savings plan with added new advantage of life cover and regular cash inflow at the time you need. It is a participating traditional plan where you continue to pay your regular premiums over a period of 7, 12 or 15 years. Thereafter your payout period starts, where you get guaranteed (Condition apply$) regular annual payouts over a period of 15 years, meeting your various financial obligations.

Key Features - SBI Life Smart Income Protect Plan Premium and Maturity Calculator

  • Plan that provides Insurance Cover and Regular Income.
  • Choose your policy term from 7 years, 12 years or 15 years.
  • Premium paying term will be same as policy term chosen by you.
  • Vested Reversionary bonuses plus Terminal bonus, if any, will be paid as lump sum at the end of the policy term, at maturity.
  • Guaranteed$ annual payouts of 11% of Basic Sum Assured/Paid up Sum Assured over a period of 15 years after maturity.
  • Alternatively, you have an option to receive the maturity benefit in a lump sum, which will be 110% of basic sum assured plus Vested Reversionary bonuses plus Terminal bonus, if any.
  • Customize your coverage through a wide range of riders:
  • SBI Life - Accidental Death Benefit Rider (UIN 111B015V02)
  • SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN 111B016V02)
  • SBI Life - Criti Care 13 Non Linked Rider (UIN 111B025V02)
  • SBI Life - Preferred Term Rider (UIN 111B014V02)

Benefits - SBI Life Smart Income Protect Plan Premium and Maturity Calculator

Maturity benefits - SBI Life Smart Income Protect Plan Premium and Maturity Calculator

  • Maturity Benefit as lump sum: You get Vested Reversionary Bonuses plus Terminal Bonus, if any, at maturity.
  • Maturity Benefit in Installments: You will be paid yearly payouts equal to 11% of basic Sum Assured for next 15 years after maturity. This period of 15 years is your payout period. The first installment will be paid at the end of first year during the payout period.
  • Alternatively, you have an option to receive the maturity benefit in a lump sum, which will be 110% of basic sum assured plus Vested Reversionary bonuses plus Terminal bonus, if any at maturity.

Death Benefits - SBI Life Smart Income Protect Plan Premium and Maturity Calculator

Tax Benefits -SBI Life Smart Income Protect 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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