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 Life - Sanjeevan Supreme
|Minimum Sum Assured|
|Maximum Sum Assured||No Limit|
|Minimum Entry Age|
|Maximum Entry Age|
|Maximum Maturity Age||60|
|Paying Term||Min 15, 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 would receive sum assured + vested bonuses, besides receiving of the survival benefit already paid.|
|Guranteed Bonus||Accrued reversionary bonuses will be paid|
|Accidental Death Benefit||Accidental death benefit avaibale as an optional rider|
|Survival Benefit Years||Plan A 6 Years 4 Years 5 years for 15 years Plan B 6 Years 4 Years 10 years for 20 years Plan C 10Years 5 Years 5 years for 20 years Plan D 10 Years 5 Years 10 years for 25 years|
|Survival Benefit Percent||Term of the Plan Premium Payment Term Growth/Deferment Period Money Back Period Total Term of The Policy(2+3+4) Plan A 6 Years 4 Years 5 years @ 20% Sum Assured p.a. 15 years Plan B 6 Years 4 Years 10 years @ 10% Sum Assured p.a. 20 years Plan C 10Years 5 Years 5 years @ 20% Sum Assured p.a. 20 years Plan D 10 Years 5 Years 10 years @ 10% Sum Assured p.a. 25 years|
|Maturity Benefit||Plan A @ 20% Sum Assured p.a. 15 years Plan B @ 10% Sum Assured p.a. 20 years Plan C @ 20% Sum Assured p.a. 20 years Plan D @ 10% Sum Assured p.a. 25 years|