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Product Information
Saving And Investment Plans SBI Life – Shubh Nivesh SAVINGS PLAN
Synopsis:
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Now avail insurance coverage and kick-start your wealth creation journey through systematic savings. SBI Life – Shubh Nivesh, a with-profit endowment assurance plan, provides insurance cover, savings and income under a single plan.

Features:

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  • Avail life cover for up to 30 years or whole life depending on your insurance needs
  • Simple reversionary bonuses throughout the policy term
  • Two plan options – endowment option and endowment with whole life option
  • Option to receive the basic sum assured as a lump sum or as regular income, at maturity
  • Get comprehensive coverage at an affordable cost with three rider options

Benefits:

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  • Add-on benefit of whole life insurance
  • Optional Benefit of Regular flow of income
  • Flexibility to choose between single or regular premium payment
  • Tax benefits
Eligibility:
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Age at Entry

Min:18 years

Max:

RP - 58 years

SP - 60 years

Endowment with whole Life option - 50 years

Maximum age at Maturity

65 years which increases to 100 years if the Endowment with whole Life option is taken

Sum Assured

Min:Rs75,000 (*1000/-)

Max: No limit

Policy Term

Min:

Endowment option 7(RP)/5(SP) years

Endowment with whole life option 15(RP)/15(SP) years

Max:30 years

(Endowment term)

Premium Frequency

Single premium/Yearly/Half yearly/Quarterly/Monthly

Premium Paying Term

Single Premium/Regular Premium(same as policy term)