SBI Shubh Nivesh Investment Plan

Overview

A penny saved is a penny earned. Save your money with SBI Life Shubh Nivesh Plan and meet your long-term financial goals.

SBI Life Shubh Nivesh is a non-linked, participating, individual life insurance policy that offers triple benefits to policyholders. The plan comes with multiple benefits, providing whole life insurance coverage, savings, and regular income under a single plan.

The plan comes with amazing features that add greater flexibility. Furthermore, this traditional investment plan acts as a good tool to meet your long-term financial goals by providing the option of regular payouts and building a huge corpus as a lump sum amount at the time of maturity.

SBI Shubh Nivesh Plan offers a range of benefits, including:

• Guaranteed Benefits
• Tax Benefits
• Flexibility
• Life-long income option
• Long-term income option
• Additional riders

How to Buy SBI Shubh Nivesh Plan Online via PolicyX.com

1. Step 1: Visit the official website of PolicyX.com.
2. Step 2: Click on the ‘Investment’ tab.
3. Step 3: A new page will appear on the screen.
4. Step 4: Fill out the form at the top of the page with the necessary details.
5. Step 5: Select your income and city. Click on 'Proceed'.
6. Step 6: Update your education and occupation details.
7. Step 7: Choose your preferred plan and click on 'Buy this plan'.
8. Step 8: Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Benefits of SBI Shubh Nivesh Plus

There are various benefits to buying the SBI Shubh Nivesh Plan. Let’s understand each of them in detail:

• Maturity Benefit: On completion of the endowment term, the SBI Life Shubh Nivesh plan will pay Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal bonus, if any, while the policy is in force.
• In the case of regular premium policies, an amount higher of the sum assured along with vested Simple Reversionary Bonuses and terminal bonus, or 105% of all premiums paid till death, is provided.
• Participation in Profits: The policy participates in profits that may be declared by the company from time to time. Simple reversionary bonuses will be paid based on the company's profits that solely depend on expenses, long-term view of investment returns, mortality, and other experiences.
• Tax Benefits: You can claim a deduction of Rs 1.5 lakhs on your total income under Section 80C of the Income Tax Act, 1961.

Grace Period

The grace period for the SBI Life Shubh Nivesh plan is 15 days for the monthly premium payment mode and 30 days for other modes. If the policyholder does not pay the premiums within the grace period, it leads to policy lapse.

Policy Loan Facility

If you need financial support in case of any emergency, the plan will allow you to avail of a loan equivalent to 90% of the surrender value.

Flexibility

The plan allows you to choose your preferred premium paying option as Single or Regular premium payment.

Corpus Building

The plan provides the option of an annuity plan that assists in building a huge corpus through wealth creation along with a regular flow of income.

How to Buy SBI Shubh Nivesh Plan Online via SBI Life Insurance Website

1. Step 1: Visit the official website of SBI Life Insurance.
2. Step 2: Hover over the 'Investment Plans' from the top menu.
3. Step 3: Click on 'SBI Shubh Nivesh'.
4. Step 4: Click on ‘Buy Now’ and you will be redirected to a new page.
5. Step 5: Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
6. Step 6: Once discussed, you can make the premium payment and get the policy documents.

Exclusions

• In case the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. Instead, either 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, will be paid.

Documents Required to Buy SBI Shubh Nivesh Plan

Here is the list of documents required to buy the SBI Shubh Nivesh Plan:

• Photo ID Proof: (any one) - Passport, Aadhaar card, PAN card, Driving license.
• Age Proof: (any one) - Passport, Aadhaar card, PAN card, Driving license.
• Address Proof: (any one) - Utility bill, passport, voter ID, ration card.
• Medical Records: Medical records of the policyholder if requested.
• Income Proof: (any one) - Bank statement, last three months' salary slips (if you are salaried).

Plan At a Glance

In a Nutshell

If you are looking for an investment plan that offers guaranteed returns for you and your family, you must opt for SBI Shubh Nivesh. This plan offers guaranteed benefits.

For more information regarding this plan, you can visit PolicyX.com or call us at 1800-420-0269. Our insurance experts will listen to your unique needs and suggest the best possible solution for you.