SBI Life Insurance Co. Ltd
SBI Life Insurance is one of the leading life insurers in India. It is a joint venture between the State Bank of India (SBI) and BNP Paribas Assurance based in France. SBI owns 74% of the total capital and the remaining is owned by BNP Paribas Assurance.
State Bank of India is India' biggest bank and also counted among the biggest in Asia. It has seven associate banks. It is the bank with the biggest number of branches and network. It has more than 14,500 branches across the country.
SBI Life Insurance uses the extensive network of State Bank of India to sell its life insurance products. It offers all types of insurance products like home, car, and personal loans.
MoneyBack PlanSBI - Money Back
|Minimum Sum Assured||150000|
|Maximum Sum Assured||15|
|Minimum Entry Age||15|
|Maximum Entry Age||15|
|Maximum Maturity Age||75|
|Paying Term||Min 10, Max 25|
|Payment Frequency||Annually, Semi annually, Quarterly, Monthly|
|Death Benefit||In the unfortunate event of death during the term of the plan, the nominee will receive Sum Assured + Vested Bonuses, (accrued till the date of death|
|Guranteed Bonus||In case of death the nominee will receive Sum Assured + Vested Bonuses|
|Premium Waiver||Under this rider the policy holder need not pay future premiums for the base product, if he/she suffers from total and permanent disability due to an accident after the rider is opted for|
|Accidental Death Benefit||Accidental death benefit avaibale as an optional rider|
|Survival Benefit Years||Term of the Plan Guaranteed Survival Benefit payable Cumulative Guaranteed Survival Benefit 10 Years After last 3 years 15 Years After every 3 years 20 Years After every 4 years 25 Years After every 5 years|
|Survival Benefit Percent||Term of the Plan Guaranteed Survival Benefit payable Cumulative Guaranteed Survival Benefit 10 Years The last 3 years on the term 110% of Basic Sum Assured 15 Years After every 3 years on the term 115% of Basic Sum Assured 20 Years After every 4 years on the term 120% of Basic Sum Assured 25 Years After every 5 years on the term 125% of Basic Sum Assured|
|Maturity Benefit||Term of the Plan Guaranteed Survival Benefit payable Cumulative Guaranteed Survival Benefit For10 Years 110% of Basic Sum Assured For15 Years 115% of Basic Sum Assured For20 Years 120% of Basic Sum Assured For25 Years 125% of Basic Sum Assured|