SBI Life Swadhan | Key Features | Benefits

SBI Life – Swadhan is an inexpensive traditional term Insurance policy with refund of part / Total basic premium paid at the end of the term to the policyholder.

As a Maturity benefit, you receive a repayment of your premium payment towards the policy. Available at a low premium, it can provide security to your loved ones.

Key Features:

• Protection at affordable premium.

• Guaranteed refund of basic premium paid on Survival at the end of the term, depending upon the term of the policy.

• Life cover comes to you at no cost**

• Tax benefit u/s 80 C and 10 (10 D) of IT Act*

• 5% rebate for Female lives

• Rebate on High Sum Assured

• Flexible benefit premium paying mode

• Free look period of 15 days

*Please consult your tax advisor for details. ** Conditions Apply

Product Snapshot:

Term
Minimum Policy Term	5 years
Maximum Policy Term	10 years
Premium
Premium Mode	Quarterly / Half yearly / Yearly
Age
Minimum Entry Age	18 years
Maximum Entry Age	65 years
Maximum Cover Age	70 years
Sum Assured
Minimum Sum Assured	Rs 3 Lakhs
Maximum Sum Assured	Rs 1 Crore

Benefits:

• Maturity Benefit: If you survive for the entire term of the plan, you would be eligible to a refund of the premiums depending upon the term of the policy.

Term	Percentage of Basic Premium refunded
5 years	50%
6 years	60%
7 years	70%
8 years	80%
9 years	90%
10 years	100%

• Death Benefit: In the event of claim, your nominee would receive full Sum Assured.

• Riders Available: No Riders are available.

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Tags: Insurance, SBI Life Insurance, Term Insurance