SBI Life Saral Swadhan Supreme Term Plan

"A plan which returns all the paid premiums back upon completion of the policy term"

Several term insurance plans provide insurance coverage for the premium you have paid. But have you ever heard of a term plan that offers financial security to dependents and returns back all the paid premiums upon completion of policy term.

The SBI Life - Saral Swadhan Supreme is such a plan which gives 100% of the total premiums paid as maturity benefit upon the survival of the whole policy term along with the continuous cover of death benefit.

SBI Life-Saral Swadhan Supreme Plan at a Glance

Key features of SBI Life-Saral Swadhan Supreme Plan

Given below are some key features of SBI Life Saral Swadhan Supreme Plan:

1. Protection

   SBI Life-Saral Swadhan Supreme term plan offers you protection up to 65 years of age, to take care of your family after your demise.

2. Convenience

   Under the SBI Life-Saral Swadhan Supreme term plan, you get the convenience of choosing a premium paying term from either a regular or for a limited (7/10/15 years) period.

3. Flexibility

   Each consumer has their own requirements, so by taking care of them SBI Life-Saral Swadhan Supreme offers flexibility to choose policy terms from 10 years to 30 years.

4. Maturity Benefit

   Under the SBI Life-Saral Swadhan Supreme term plan, upon survival of the whole policy term, you can get back up to the 100% of the total premiums paid depending on the policy term of 10 or 15 years.

5. Tax benefits

   You can get a tax rebate for the premiums paid for the SBI Life-Saral Swadhan Supreme plan up to 1.5 lakh, under section 80C of the Income Tax Act along with up to 50 thousand tax relief if you have bought a health rider with this plan.

Premium Illustration of SBI Life - Saral Swadhan Supreme plan

Below is the premium illustration for a 29-year-old male looking for a sum assured of 50 lakhs with a policy term of 10 years:

Who Should Buy SBI Life - Saral Swadhan Supreme Plan?

Here is the list of people who should buy this plan as a top priority:

1. Breadwinners

   If you are the primary breadwinner of your family, you should consider buying SBI life-saral swadhan Supreme term plan to take care of your family's financial needs in case of your untimely demise.

2. Young Parents

   If you recently became a parent, you should consider buying an SBI life-saral Swadhan Supreme term plan to ensure your children's education and other expenses will be taken care of in case of your untimely death.

3. Newlyweds

   If you are a newlywed, your expenses would also be increased, so to safeguard your spouse with better financial planning, you should consider buying an SBI life- Saral Swadhan Supreme term plan to care for your spouse's financial needs in case of your unfortunate demise.

4. Business owner

   A business owner has lots of responsibilities to take care of. He/she is the backbone of the whole business. SBI life- Saral Swadhan Supreme term plan is the perfect solution to take care of your business and your loved ones after your dismissal.

Documents Required to Purchase SBI Life - Saral Swadhan Supreme Term Plan

Here is a list of documents required to purchase the SBI Life- Saral Swadhan Supreme term plan:

• Age Proof (Either one)
  1) Aadhar card
  2) Pan card
  3) Voter ID card
  4) Passport
• Address Proof (Either one)
  1) Aadhar card
  2) Pan card
  3) Voter ID card
  4) Passport

• ID Proof (Either one)
  1) Aadhar card
  2) Pan card
  3) Voter ID card
  4) Passport

• Income Proof (either one)
  1) Last 3-month salary slips.
  2) Bank Statement

How to Buy SBI Life- Saral Swadhan Supreme term plan?

Given below is the step-by-step process to purchase the SBI Life- Saral Swadhan Supreme term plan from the insurer's website: