LIC Premium and Maturity Calculator

SBI Life Smart Swadhan Plus Premium and Maturity Calculator

SBI Life Smart Swadhan Plus Premium and Maturity Calculator - SBI's Life Smart Swadhan Plus Insurance policy an Individual Non-linked Non-participating Term Assurance plan with Return of Premium Plan, to meet your need of insurance, with the added advantage of getting your total basic premiums^ paid back on Maturity, provided the policy is in-force. Policy Holders can also choose the premium payment option, according to your needs.

Key Features - SBI Life Smart Swadhan Plus Premium and Maturity Calculator

SBI Life Smart Swadhan Plus Premium and Maturity Calculator - Twin benefits

  • Protection - Life insurance coverage against any eventuality
  • 100% Return of Premiums - In case of survival till maturity, returns Total Basic Premiums^ Paid under the Policy.
  • Option to pay premiums through a single payment or for a limited period (5, 10, 15 years) or throughout the policy term.
  • Flexibility to choose the period for which you want protection. You can choose from policy term 10 years to 30 years.
  • High Sum Assured Rebate - Get Discount on premium rates, for customers opting for higher level of protection
  • Get Section 80C benefit on your premiums paid, as well as Section 10(10D) benefit on the maturity amount, subject to conditions.

Entry Age: Min: 18 years, Max: 65 years
Maximum Age at Maturity: 75 years
Sum Assured (in multiples of Rs. 1000): Min: Rs.5,00,000, Max: No Limit, subject to underwriting the proposal
Policy Term: Min: 10 years, Max: 30 years
Premium Payment Options: 5 Plan Types: Single Premium (SP), Limited Premium Payment Term (LPPT) -5, LPPT-10, LPPT-15 and Regular Premium (RP)
Premium Paying Term (PPT): Single payment, 5 years, 10 years, 15 years and Same as policy term
Premium Frequency: Single, Yearly, Half-Yearly, Quarterly and Monthly**
Premium Frequency Loading: Half-Yearly: 52.00% of annual premium

  • Quarterly: 26.50% of annual premium
  • Monthly: 8.90% of annual premium

Benefits - SBI Life Smart Swadhan Plus Premium and Maturity Calculator

Maturity Benefit (For In-force policies) - SBI Life Smart Swadhan Plus Premium and Maturity Calculator

  • On survival of the Life Assured up to maturity, the total basic premiums paid during the policy tenure, will be paid.

Death Benefit (For In-force policies) -SBI Life Smart Swadhan Plus Premium and Maturity Calculator

  • In the unfortunate event of death of the Life Assured, Sum Assured on Death will be payable to the beneficiary.

Sum Assured on death - SBI Life Smart Swadhan Plus Premium and Maturity Calculator

  • For Single Premium (SP) Policies:
  • Higher of (Basic Sum Assured# or 1.25 times of Single Premium (Basic) or Maturity Benefit)
  • For Limited Premium Paying Term (LPPT) / Regular Premium (RP) Policies:
  • Higher of (Basic Sum Assured# or 10 times of Annualized Premium## or Maturity Benefit or 105% of all premiums paid, till the date of death)

Tax Benefits - SBI Life Smart Swadhan Plus 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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