SBI Life Smart Privilege Premium and Maturity Calculator
SBI Life Smart Privilege Premium and Maturity Calculator - SBI's Life Smart Privilege Insurance policy is a unit linked, non-participating life insurance plan comes with lots of benefits and advantages. It provides life insurance coverage along with the flexibility to make multiple switches and premium re-directions between eight diverse funds with loyalty additions to boost fund value. The product does not levy any policy administration charges thus ensuring that more of your money is working for you. All this and more, coming from SBI Life Insurance Co. Ltd. your preferred life insurer, adding value to your investments.
Key Features - SBI Life Smart Privilege Premium and Maturity Calculator
- Flexibility of premium payment: Pay premiums throughout the policy term or for a limited period or through a Single Payment, as per your convenience and enjoy benefits including Life Cover, throughout the chosen policy term.
- Choice of 8 different Funds: Invest in wide range of 8 funds including two new funds - Pure Fund & Midcap Fund.
- Boost your Fund Value:
- No Policy Administration Charges throughout the policy term
- No Premium Allocation Charge from 6th policy year onwards
- Loyalty Additions starting as early as 6th policy year onwards for in-force policies
- Unlimited free switches: Manage your changing financial priorities with unlimited free switching facility.
- Liquidity through Partial Withdrawals from 6th policy year onwards
Age at Entry: Minimum:8 years for Regular/Limited premium policies 13 years for Single premium policies, Maximum: 55 years
Age at Maturity: Minimum: 18 years, Maximum: 70 years
Policy Term: 10 to 30 yrs (both inclusive) for Regular / Limited premium policies, 5 to 30 yrs (both inclusive) for Single premium policies
Premium Payment Term:
- Regular Premium (RP) - Same as policy term
- Limited Premium Paying Term (LPPT) -
Minimum: 5 years: Maximum: Policy term less 1 yearSingle Premium (SP) - One-time payment at policy inception
Single Premium Amount (In multiples of Rs. 100): Minimum: Rs 600,000, Maximum: No Limit
Premium Modes: Single /Yearly/Half-yearly/Quarterly/ Monthly
Benefits - SBI Life Smart Privilege Plan Premium and Maturity Calculator
Maturity Benefit: (Applicable only for in-force policies): On completion of Policy Term, Fund Value will be paid.
Death Benefit: (Applicable only for in-force policies) - SBI Life Smart Privilege Plan Premium and Maturity Calculator
- Higher of Fund Value or Sum Assured* is payable; with a minimum of 105% of total premiums paid till the date of intimation of death.
Tax Benefits - SBI Life Smart Privilege 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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