Top 5 SBI Life Insurance Policies For the year 2018-19
SBI Life Insurance is one of the topmost insurance companies in India and is known to provide a plethora of insurance products depending on the various needs of its customers. If you wish to purchase a life insurance plan, then you can surely consider SBI Life Insurance. We will have a look at the top 5 life insurance plans provided for the year 2018-19 and how it can be beneficial to you.
SBI Life – Smart Money Planner: This is a non-linked, individual with profit endowment plan which ensures that there is a steady flow of income credited to your bank account at regular intervals so that you can take care of your various financial requirements at various stages of your life. Apart from that, you are provided with life coverage. There are four life options under this plan out of which you can select one based on your insurance needs. You can choose either Limited or Single as your premium payment option.
SBI Life – Smart Humsafar: SBI Life Smart Humsafar is a joint life, non-linked participating endowment plan which not only offers life coverage to you and your spouse but also allows you to maximise your savings so that you can take care of your long-term goals. In case of death of either you or your partner, a death benefit is provided. If you both manage to survive until the end of the policy term, then you and your partner also get to enjoy the maturity benefit. You can also purchase the Accidental Death Benefit Rider if you wish to enhance your cover. You can also choose your premium frequency based on your financial abilities.
SBI Life – eShield: This one is a non-linked, non-participating pure online term insurance plan which provides you coverage and ensures that the future of your loved one is safe and secure even if you are not around in the future. There are two benefits structures under this plan – Level Cover Benefit and Increasing Cover Benefit. You can choose any one of them depending on your financial requirements. The plan also comes with an inbuilt Accelerated Terminal Illness Benefit Rider, and another two rider plans out of which you can choose one and enhance your cover accordingly.
SBI Life – Smart Power: This is a non-participating Unit Linked Insurance Plan (ULIP) which not only offers you life coverage but also allows you to maximise your savings by investing your money in a mix of debt and equity. You have the option of investing in any one of the two funds available under the plan – Trigger Fund and Smart Funds. You can also select any one of the two plan options available – Level Cover Option and Increasing Cover Option based on your financial requirements. The plan also comes with an inbuilt Accelerated Total and Permanent Disability Rider. You can also partially withdraw a certain sum of money from your fund from the 6th policy year onwards.
SBI Life – CSC Saral Sanchay: It is a non-linked, non-participating endowment plan which not only offers you insurance cover but also helps you grow your savings so that you can take care of your future financial needs. This plan offers various facilities including the additions of quarterly interest throughout the policy term and the top-up facility. It is easy to apply for this plan as you only need your Aadhaar Card to get the application process completed. You can partially withdraw a certain sum of money from the 6th policy term onwards.
Hence, these are some of the top insurance plans provided by SBI Life Insurance. However, it is important that you evaluate your insurance needs before deciding to purchase a life insurance plan. There are various other policies offered by SBI Life Insurance, hence you must compare plans and only after conducting thorough research should you settle for a plan which you feel will be suitable for you.