SBI Term Insurance
SBI Life - Smart Swadhan Supreme, which provides life cover at afforda ...Read More
A quick read on what this SBI Term Insurance term plan covers and why it might be a fit for you.
"SBI Saral Awadhan Supreme 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 offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
SBI Life Insurance Term plans are a very reliable choice and are designed to provide financial security to a policyholder’s family in the face of the unfortunate event of their demise. The term plans from SBI Life offer additional riders that offer extra coverage in case of accidental death benefits.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the SBI Life Saral Swadhan Supreme Plan works with a simple premium illustration.
Mr. Verma, a 45-year-old banker wants to ensure that his family is able to maintain their lifestyle even when he is not around.
His financial advisor advised him to buy the SBI Life Saral Swadhan Supreme Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Saral Swadhan Supreme Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,351/month | ₹16,212/year | 30 years | ₹4,86,360 | ₹1 Crore |
Key Takeaways: On his survival till the end of the policy term, he'll get back the total premium paid under the plan as a maturity benefit. In case of his unfortunate accidental death during 15 th policy year, ₹1 Crore will be paid to his family.
You can add the following riders to your SBI Life Saral Swadhan Supreme Plan:
Accidental Death Benefits Rider provides an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Rider covers the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Key features that make SBI Life Saral Swadhan Supreme stand out.
Life Cover
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.
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.
Flexibility
Each consumer has their own requirements, so SBI Life-Saral Swadhan Supreme offers flexibility to choose policy terms from 10 years to 30 years.
Maturity Benefit
Under the SBI Life Saral Swadhan Supreme term plan, upon survival of the whole policy term, you can get back up to 100% of the total premiums paid depending on the policy term of 10 or 15 years.
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 50,000 tax relief if you have bought a health rider with this plan.
Here are the key benefits of the SBI Life Saral Swadhan Supreme.
Death Benefit
In the unfortunate event of death of the life assured during the policy term, sum assured on death will be payable to the beneficiary in lump sum.
Maturity Benefit
On survival of the life assured till the end of the policy term, 100% of the total premiums paid during the policy tenure, shall be paid in lump sum.
Surrender Benefit
The policyholder can surrender the in-force policy or paid-up policy at any time during the policy term after payment of at least one full policy year's premium.
Here is the list of exclusions associated with the plan:
SBI Life Saral Swadhan Supreme provides life cover at affordable premiums and also returns the total premiums paid at the end of the policy term upon survival. If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
SBI Life Saral Swadhan Supreme provides life cover at affordable premiums and also returns the total
The 4 most-asked questions about SBI Life Saral Swadhan Supreme, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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