LIC Premium and Maturity Calculator

SBI Life Smart Elite Plan Premium and Maturity Calculator

SBI Life Smart Elite Plan Premium and Maturity Calculator - SBI's Life Smart Elite Insurance Policy is a Unit Linked Insurance plan, crafted for special customers. The policy gives you flexibility to pay premium(s) for limited term or single premium, with the freedom to stay invested and protected for long term. Now you have more power of selecting best option which suited to your needs, at a very competitive rate.

Key Features - SBI Life Smart Elite Plan Premium and Maturity Calculator

  • Pay premiums only for a limited term of 5, 8 or 10 years or a Single Payment, as per your need and enjoy benefits throughout the chosen policy term.
  • No Premium Allocation Charges from 6th policy year onwards, thereby enhancing your fund value
  • Two protection options available: Gold Option & Platinum Option
  • Invest in wide range of funds and manage them as per your convenience.
  • Life Insurance coverage with minimum Sum Assured of 10 or 7 times of your Annual Premium (AP), based on your age.
  • Switch and redirection facility, to pilot your investments.
  • Option to increase/decrease your Sum Assured from 6th policy year onwards.
  • Accidental Death and Accidental Total and Permanent Disability (Accidental TPD) benefit automatically comes to you as an integral part of the plan!

Age at Entry: Min: 18 years, Max: 60 years
Age at Maturity: 65 years

Policy Term: 5 to 20 years (both inclusive)

Premium Payment Term - SBI Life Smart Elite Plan Premium and Maturity Calculator

  • For Limited Premium Payment Term (LPPT): - 5 or 8 or 10 years.
  • For Single Premium: Single Payment.

Premium Modes: Single /Yearly /Half-yearly /Quarterly / Monthly

Benefits - SBI Life Smart Elite Plan Premium and Maturity Calculator

Maturity Benefit: On completion of Policy Term, Fund Value will be paid.

Death Benefit - SBI Life Smart Elite Plan Premium and Maturity Calculator

  • For Gold Option: Higher of Fund Value or Sum Assured# is payable; with a minimum of 105% of total premiums paid till the time of death.
  • For Platinum Option: Fund Value plus Sum Assured is payable; with a minimum of 105% of total premiums paid till the time of death.

In-built Benefit - SBI Life Smart Elite Plan Premium and Maturity Calculator

  • Accidental Death and Accidental Total and Permanent Disability (Accident Benefit): Provides an additional benefit for Accidental Death or Accidental TPD

Tax Benefits - SBI Life Smart Elite Plan Premium and Maturity Calculator

  • Tax deduction under Section 80 C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.
  • Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.
  • 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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