Product-Swaraojgar yojana

SUBH NIVESH PLAN

Individual,Non- linked,participating life insurance savings product Have you started building a financial corpus to support the life of your dreams?

Now avail insurance coverage and kick-start your wealth creation journey through systematic savings. SBI Life – Shubh Nivesh, an Individual, Non-linked, participating life insurance savings product, which provides insurance cover, savings and income under a single plan.

This savings plan offers Benifits Given below –

Security – ensure your family is financially secure.
Reliability – with simple reversionary bonuses throughout the policy term.
Flexibility – through two plan options and option to receive regular income over a period of 5/10/15/20 years.
Affordability – through rider benefits at an affordable cost.
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.
Get comprehensive coverage at an affordable cost with three rider options.
Provides Additional Basic sum assured on death of the life assured post maturity, under the Endowment with whole life option.

NEW ENDOWMENT PLAN

LIC's New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.

This savings plan offers Benifits Given below

Death benefit:In case of death during the policy term provided all due premiums have been paid Death benefit, defined as sum of "Sum Assured on Death" and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, “Sum Assured on Death” is defined as higher of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Maturity Benefit: Basic Sum Assured, along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits: The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Optional Benefit:LIC’s Accidental Death and Disability Benefit Rider

Minmum age limit

08/18 Years

Maximum age limit

50/55 years