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SBI Life Investment

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SBI Life Investment
Highlights
Claim Settlement Ratio93.09%
Customer Care9 a.m. to 9 p.m.
In-House Claim SettlementAvailable
Presence22000+
RenewabilityLifelong
Special BenefitsAvailable

About SBI Life Investment

For you and your loved ones, investments will guarantee a secure financial future. To generate beneficial returns, you might invest in SBI investment plans. It is one of the top life insurance providers in India. Discover the best investment plans SBI Life Insurance Company has to offer.

What Is an Investment Plan?

Investment plans are a tool that people can use to help them financially secure their future and the future of their loved ones. Since they guarantee returns to the policyholders, these plans are often known as traditional plans. When deciding which investment choice is ideal for you, you must take certain factors into account. Some of these factors include affordability, risk tolerance, and long-term financial goals.

Benefits of SBI Life Investment Plans

SBI Life Insurance's investment schemes are renowned options in the Indian market. The following are the advantages of investing in SBI Life Investment Plans:

  • Family Security: You can earn profitable returns in the future by making wise investments now. Additionally, even if you are not around, your family will be financially secure if you invest in SBI Life investment plans.
  • Achieve Financial Goals: We often daydream about getting the house or car of our desires. Surely not? If you purchase SBI Life investment plans, you can satisfy all your financial needs. You have the option to pay a premium and get a one-time payout at maturity.
  • Flexibility: SBI Life Insurance allows policyholders to select the length of their coverage and the frequency of premium payments. Depending on their present financial condition and anticipated future needs, policyholders can choose to pay their premiums on a monthly, quarterly, semi-annual, or annual basis.
  • Wealth Creation: Policyholders can boost their financial stability with SBI investment plans. Your return on investment will depend on the type of investments you make and how much risk you can tolerate. If you are more willing to take chances, your investment will yield better returns.

Best SBI Life Investment Plans 2024

Here’s a list of investment plans offered by the SBI Life Insurance Company:

Investment plan

Entry age

Max. Maturity age

Policy tenure

Sum assured

SBI Smart Humsafar Plan

18- 46 years

65 years

10 -30 years

Rs. 1 lakh- 30 crores

SBI Life Smart Money Planner

18- 60 years

75 years

15- 25 years

Rs. 1 lakh- 5 crores

SBI CSC Sarai Sanchay

18- 60 years

70 years

10- 15 years

7/10 times of the annual premium

SBI Life Smart Income Protect

8- 58 years

65 years

7- 15 years

Rs. 1 lakh- no limit

SBI Life Smart Guaranteed Savings Plan

18- 50 years

65 years

15 years

Depends on a premium

Let’s discuss each SBI Life investment plan in detail!

SBI Smart Humsafar Plan

This is a traditional endowment life insurance plan offered by SBI Life Insurance. The plan can be purchased as a joint policy. This means that both husband and wife can be covered under a single insurance plan. The key features of this plan are as follows:

  • Guaranteed bonuses at a rate of 2.50% of the sum assured are paid in the first three years of the policy.
  • The Sum Assured, including any simple reversionary bonus and terminal bonus, is paid upon the maturity of both lives.
  • The higher of the basic Sum Assured, 10/7 times the annual premium, or 105% of the total premiums paid till death is paid upon the death of either the husband or wife. Furthermore, all future premiums are waived, and the plan remains in effect.
  • Accidental Death Benefit Rider can be purchased that guarantees an additional sum in the event of accidental death.
  • Tax benefits are offered under Section 10(10D) and Section 80C of the Income Tax Act.

SBI Life Smart Money Planner

It is an individual, non-linked, participating life insurance plan that provides protection and a regular stream of income to policyholders. The key features of this plan are as follows:

  • The plan has a notion of a growth period and a benefit period, which are determined by the premium-paying term of the policy.
  • The growth period begins following the premium payment term, which is limited.
  • The Benefit Period begins after the growth period ends, and during this time, the policyholder receives a specified proportion of the Sum Assured.
  • In the event of death, the sum assured, as well as any vested simple bonus and terminal bonus, is payable to the nominee or beneficiaries.
  • The final payment of the benefit amount, as well as any vested simple bonus and terminal bonus, is paid upon maturity.
  • Premium rebates are available for higher Sum Assured levels of Rs.3 lakhs and above.

SBI CSC Sarai Sanchay

This is a traditional protection insurance plan that provides guaranteed returns of 1% during each year of the policy tenure. The key features of this plan are as follows:

  • The premium paid is invested in an insurance account, net of allocation expenses.
  • During the first five years, an additional interest rate of 4% is credited to the policy account in each quarter, after which the rate drops to 0.5%.
  • On death, the policy fund account, or Sum Assured, including any top-up increments, total premiums paid, comprising top-up premiums compounded at 1%, or 105% of the total premiums paid, is payable.
  • The greater of the policy account balance or all premiums paid, including top-up premiums compounded at 1%, is payable upon maturity.
  • After the first five policy years, partial withdrawals from the policy account are permitted.

SBI Life Smart Income Protect

It is a participating savings plan that provides regular payouts to policyholders annually. The key features of this plan are as follows:

  • Rebates for purchasing a high sum assured policy are given to the policyholders.
  • The vested reversionary bonus and terminal bonus, if any, are paid upon maturity, and regular yearly payouts of 11% of the Sum Assured are paid for 15 years.
  • Enhance the coverage of your plan by purchasing riders.
  • On maturity, the policyholder has the option of receiving a lump sum payment equal to 110% of the Sum Assured plus any vested reversionary bonus and terminal bonus.
  • If a person dies during the payout term after maturity, the payouts continue unaffected.

SBI Life Smart Guaranteed Savings Plan

It is a non-participating, traditional individual savings plan that ensures guaranteed savings along with a wealth creation option for the policyholders. The following are the key features of the SBI Life Smart Guaranteed Savings Plan:

  • Guaranteed Additions of 5.5% or 6% of total premiums paid are paid beginning with the end of the first policy year.
  • SBI five year investment plan, SBI ULIP Plan provides a secure future plan for everyone.
  • At maturity, the Sum Assured is paid, along with the cumulative Guaranteed Additions.
  • The greater of the Sum Assured plus the cumulative guaranteed additions, or 105% of all premiums paid until death, is paid at death.
  • The plan allows for a loan of up to 90% of the surrender value.
  • The premiums paid are tax-free under Section 80C of the Income Tax Act, and the claim is tax-free under Section 10(10D) of the Income Tax Act.

Process To Buy SBI Life Investment Plans

SBI Life Investment Plans can be bought online from the comfort of your home. The overall purchasing process is quick and hassle-free. Here’s a step-by-step guide that you need to follow:

Documents Required To Buy SBI Life Investment Plans

  • Address proof
  • Income proof
  • Age proof
  • Identity proof
  • Any other specific document asked by an insurance company

Steps You Need To Follow To Buy SBI Life Investment Plans

  • Visit the official website of SBI Life Insurance.
  • Under the “Investment” section, click on the “Investment Plans” tab.
  • Fill out the required personal information, such as name, gender, and other details.
  • Select the investment plan as per your specific financial needs.
  • Submit all the required documents to the insurer.
  • Pay a premium online to complete the purchase.
  • The SBI Life policy document will be shared with your registered email address.

About SBI Life Insurance Company

The key highlights for SBI Life Insurance are as follows:

Parameters

Details

Established in

2001

Headquarters of the company

Mumbai

Official website

www.sbilife.co.in

Helpline number

1800 267 9090

Helpline email-id

info@sbilife.co.in

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