Five Best SBI Life Insurance Plans
Life is uncertain and no one of us can predict our future. So, it is extremely important to build a secure financial future which will help us from any unfortunate situation. This is how a life insurance policy helps us.
State Bank of India (SBI) Life Insurance, being one of the reputed life insurance service providers has a wide range of insurance products which can cover various needs of the customers.
SBI Life Insurance is a joint venture between BNP Paribas Assurance and the State Bank of India. The company has come with comprehensive life insurance coverage plans at the best prices. Its insurance plans are designed for individuals who are between the age limit of 18 years to 65 years. Apart from this, SBI Life Insurance also offers customized plans for self-employed, salaried, businessmen, and professionals. In this article, we will have a look at the five best SBI Life Insurance Plans that you can opt for to secure your financial future.
SBI Life - eShield
SBI Life - eShield plan is an individual, non-linked, and non-participating term insurance plan which can be customized based on the needs of the individuals. The plan comes with affordable premium rates and offers rewards to the policyholders upon maturity which helps them to maintain a healthy lifestyle. Apart from this, SBI Life – eShield Plan provides an additional Accidental Death Benefit and Terminal Illness Benefit. Not only this but the plan also provides discounts on payable premiums to the ones who are leading healthy lifestyles.
SBI Life - Smart Money Planner
SBI Life - Smart Money Planner is an individual, non-linked, and with-profit endowment plan that provides money back facility to its policyholders. The plan offers benefits in the form of income, savings, and insurance to the policyholders and their family members. In fact, the policyholders also get the flexibility to choose between single or limited premium payments. As this is a money-back plan, the policyholders will receive a fixed amount of the sum assured every year throughout the benefit period. Apart from this, SBI Life – Smart Money Planner provides a guaranteed sum assured with additional benefits upon maturity or on the death of the policyholder. However, the insurance plan does not come with any additional rider benefit but the policyholders can obtain a loan against their insurance policies.
SBI Life - CSC Saral Sanchay
SBI Life - CSC Saral Sanchay is a non-linked, joint life, participating endowment plan that provides savings and life insurance coverage to its policyholders. The main purpose of the plan is to help policyholders to do maximum savings to achieve their future financial goals. The policyholders will get a guaranteed interest rate of 1.00% per annum throughout the policy term. In addition, SBI Life CSC Saral Sanchay also comes with a partial withdrawal facility from the sixth year.
SBI Life - Smart Humsafar
SBI Life - Smart Humsafar is a savings cum join insurance product wherein the company provides insurance coverage to the policyholders and their spouses under a single policy. The plan provides guaranteed minimum bonus for the first three policy years at 2.50% of the basic sum assured. Furthermore, future premium payments will be waived off if either of the life assured dies. The plan also provides Accidental Death Rider Benefit at an affordable cost.
SBI Life - Smart Power
SBI Life - Smart Power is a non-participating, unit-linked insurance plan that aims to provide financial protection to the policyholder. The plan offers two fund options – Trigger Funds and Smart Funds, to the policyholders that give them the flexibility to manage their investments as per their needs. Furthermore, SBI Life – Smart Power provides rider benefits of Permanent Disability Benefit and Accelerated Total Benefits. The policy term range between ten years to 30 years and the minimum and maximum age limit to apply for this plan is 18 years and 45 years, respectively.
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