We always want to give our best to our family either it’s their happiness or security for there lifetime. SBI Sawdhan is a traditional term assurance policy with refund of part/total basic premium paid at the end of the term to the policyholder.
It’s a low premium insurance policy that not only provides security to your loved ones but also returns back the premium paid.
Features of SBI Life- Sawdhan
1)
Entry Age- Minimum 18years & maximum 55years.
2)
Policy Term- Minimum 5years & maximum 10years.
3)
Sum Assured- Minimum Rs.3, 00,000(in multiples of 10,000) & maximum Rs.1 Crore.
4) Guaranteed refund of basic premium paid on survival at the end of the term. (depends upon the term of the policy).
5) Rebate on high sum assured.
6) Flexible benefit premium paying mode.
7) Tax benefit under section 80C and 10 (10 D) of income tax act.
Advantages of SBI Life- Sawdhan
1) Premium can be paid quaterly, half-yearly or yearly.
2)
Maturity benefit-If you survive the entire term, you would eligible to a refund of premium depending upon the term of the policy. Following are benefits
| Term( years) |
5 |
6 |
7 |
8 |
9 |
10 |
| % age of basic premium refundable |
50% |
60% |
70% |
80% |
90% |
100% |
3)
Death benefit- In the event of claim, your nominee would receive full Sum Assured.
4)
Rider- No rider is available under this policy.
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
