The SBI Life – Sanjeevan Supreme is a usual saving plan. This saving plan comes with the added advantages of life cover and guaranteed cash at normal intervals. This inusrance plan thus saves for the future. People who are willing to plan for the different financial obligations at exact times, this plan are perfect for them.
The key features of SBI Life – Sanjeevan Supreme are as follows:
- This plan has special money back options which are planned specially to suit the needs of the clients.
- The plan cover is available at aggressive rates of
Premium.
- This plan has a guaranteed cash inflow which can meet the financial problems.
- This plan is divided in to 4 categories plan A, B, C and D.
- The policy term for the plan is plan a – 15 years, plan B and C – 20 years & plan D – 25 years.
- The minimum and maximum age of entrance for plan A – 18 and 60, plan B and C – 18 and 55 and plan D – 18 and 50.
- The minimum sum assured under this policy is Rs. 50,000/- (and multiples of Rs. 10,000/- after that) and maximum sum is Rs.5 Crore.
The benefits of SBI Life – Sanjeevan Supreme are as follows:
Maturity benefit
- At the finishing of the growth period the policy holder will accept guaranteed pay out in 5 years or 10 years. The payout will depend on the plan options choose by the policy holder.
- The bonus confirmed by the company is accumulated for the whole term.
Death benefit
On the ill-timed death of the policy holder the nominee will get the sum assured along with the vested bonus besides the already paid survival benefit.
Under death cover suicide within 1 year of the policy will be excluded.
Riders available
- SBI Life – Accidental Death and Accidental Total
Permanent Disability
SBI Life – Term Assurance rider
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