Insurance

SBI Life Insurance Co. Ltd

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 Plan

SBI - Money Back
Eligibility Description
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

Feature Description
Surrender Value DNA
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
Loan Available DNA
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
Annual Bonus NA
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

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Testimonial

After getting rejected for a home loan by two banks I thought my wish of owning a home in a city like Mumbai will remain a dream. By chance I came to your site and applied for the loan.

What happened then was a smooth process. It's been my good luck to visit your site and get loan for my dream home.

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- Deepak Gupta

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