SBI Life Shubh Nivesh Policy | Benefits | Features

SBI Life – Shubh Nivesh

It is a participating endowment plan with an option of whole life (up to 100 years) coverage. This plan offers a lot of options allowing you to customize the plan according to your needs.


Plan Options

  • Endowment Assurance: A simple endowment assurance plan which offers benefits on maturity or earlier death.
  • Whole Life Endowment: The policy is converted to a whole life cum Endowment Plan and sum assured is payable on maturity or when life assured attains 100 years.

Maturity Benefit

  • At the end of policy term, you can take Sum Assured + Accrued Simple Reversionary Bonuses + Terminal Bonus (if any) in lump sum.


  • You can withdraw only the bonuses, leaving the basic Sum Assured to be drawn as income at regular intervals over a stipulated period of 5 / 10 / 15 / 20 years.

Premium Payment

Single / Yearly / Half yearly / Quarterly / Monthly


  • Preferred Term Rider
  • Accidental Death Benefit
  • Accidental Total and Permanent Disability Benefit Rider

Max benefit: Rs. 25,000      Min benefit: Rs. 50 lakhs

Death Benefit

  • Death before completion of endowment term, Sum Assured + bonus will be paid.
  • Death after completion of endowment term (only in whole life option), basic Sum Assured is payable.
  • Death during deferred maturity period, balance of the maturity amount will be paid as scheduled.

This plan also offers loan facility and tax benefits as per prevailing norms.

Eligibility Criteria




Entry Age

18 years

60 years

Maturity Age

23 years

65 years

Policy Term

5 years

30 years

Sum Assured


No limit


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