LIC Premium and Maturity Calculator

SBI Life Smart Money Planner Plan Premium and Maturity Calculator

SBI Life Smart Money Planner Plan Premium and Maturity Calculator - SBI's Life Smart Money Planner Insurance policy is an individual, non linked, with profit endowment assurance plan with added new features of guaranteed (Conditions apply*) cash inflow at regular intervals tailored to suit your financial requirements. It prvides financial support for fulfilling your long and short term goals, while providing you a life cover throughout the policy term without burdening you with premium payment for the entire policy term.

Key Features - SBI Life Smart Money Planner Plan Premium and Maturity Calculator

  • Regular income throughout the benefit payment period specially tailored to suit your requirements.
  • A savings plan with an added feature of "Growth period".
  • Life cover available throughout the Premium Payment Period, Growth Period & Benefit Payment Period i.e. throughout the Policy Term.
  • Flexibility to choose between Limited Premium Payment and Single Premium.
  • Rebates offered for Large Sum Assured.
  • Tax benefits** as per prevailing norms under the Income Tax Act, 1961.

Benefits - SBI Life Smart Money Planner Plan Premium and Maturity Calculator

Death Benefits - SBI Life Smart Money Planner Plan Premium and Maturity Calculator

Survival Benefits - SBI Life Smart Money Planner Plan Premium and Maturity Calculator

  • On survival during the benefit payout period you will be paid regular payouts at the end of each policy year which will be equal to 20% of basic sum assured for 5 years under Plan 1 & 3 and 10% of the basic sum assured for 10 years under Plan 2 & 4, excluding the final survival benefit payout installment.

Maturity Benefit - SBI Life Smart Money Planner Plan Premium and Maturity Calculator

  • On survival till maturity, you get vested reversionary bonuses plus terminal bonus, if any, along with the final benefit installment i.e. Guaranteed Sum assured on maturity. Where, guaranteed sum assured on maturity is 10% or 20% of the basic sum assured depending on the plan opted.

Tax Benefits - SBI Life Smart Money Planner 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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