LIC Premium and Maturity Calculator

SBI Smart Wealth Builder Plan Premium and Maturity Calculator

SBI Life Smart Wealth Builder Calculator - SBI's Life Smart Wealth Builder Insurance policy, a unit linked, non participating, insurance plan is an attempt to meet all customers financial & insurance needs through a single plan. Policy buyers can choose their required life insurance cover subject to a minimum and a maximum level.

Key Features of SBI Smart Wealth Builder Calculator:

  • Guaranteed Additions (Conditions Apply#) up to 125% of one annual regular premium on a regular premium policy, for a 30 year policy term, subject to the Policy being in force till the maturity date.
  • Guaranteed Additions# starting as early as 10th policy year onwards
  • No Policy Administration fees for first 5 years for Regular and Limited Premium Paying Term (LPPT) plans, thereby boosting your fund value
  • No Premium Allocation Charge from 11th year onwards
  • Enhanced investment opportunity through 7 varied Fund Options
  • Life Insurance coverage, with minimum Sum Assured based on your age
  • Flexible product with an option to increase/decrease your Sum Assured from 6th policy year onwards

Age at Entry: Min: 7 years, Max: For Regular Premium & Limited Premium: 60 years, For Single Premium: 65 years
Age at Maturity: 70 years
Plan Type: Regular Premium / Limited Premium / Single Premium
Policy Term: Regular & Limited Premium Payment - 10 years, 15 to 30 years (both inclusive)
Single Premium: - 5 to 30 years

SBI Smart Wealth Builder Calculator - Premium Payment Term For LPPT:

  • 5/8 Years for Policy Term of 10 Years.
  • 5/8/10 Years for Policy Term of 15-30 Years (both inclusive)
  • Regular Premium - Same as Policy Term
  • Single Premium - One-time payment at policy inception

Premium Modes: Single/Yearly

Benefits of SBI Smart Wealth Builder Calculator:

Maturity Benefit: (Applicable only for in-force policies) - SBI Smart Wealth Builder Calculator

  • On completion of Policy Term, Fund Value will be paid.

Death Benefit: (Applicable only for in-force policies) - SBI Smart Wealth Builder Calculator

  • Higher of the Fund Value or Sum Assured## is payable; with a minimum of 105% of total basic premiums paid till the date of intimation of death.

Tax Benefits - SBI Smart Wealth Builder 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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