SBI Shubh Nivesh Plan
  • Explore SBI Life Shubh Nivesh
  • Understand the Key Features
  • Check the Eligibility Criteria
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SBI Shubh Nivesh Plan

A penny saved is a penny earned. Save your money with SBI Life Shubh Nivesh Plan and meet your long-term financial goals.

SBI Life Shubh Nivesh is a non-linked, participating, and individual life insurance policy that offers Triple Benefits to the policyholders. The plan comes with multiple benefits where one can get whole life insurance coverage, savings, and regular income under a single plan.

The plan comes with amazing features that add greater flexibility to the plan. Furthermore, this traditional investment plan acts as a good tool to meet your long-term financial goals by providing the option of regular payouts and building a huge corpus as a lump sum amount at the time of maturity.

SBI Shubh Nivesh Plan offers you a range of benefits including:

why-choose
  • Guaranteed Benefits
  • Tax Benefits
  • Flexibility
  • Life-long income option
  • Long-term income option
  • Additional riders

Eligibility Criteria for SBI Shubh Nivesh Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 65 years

Your Gender

Policy tenure

Minimum term - 10 years Maximum term - 30 years

Maternity Benefit Rider

Premium payment term

5 to 30 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

Rs 75,000 to No limit

How Does the SBI Shubh Nivesh Plan Work?

Let's understand how the SBI Shubh Nivesh Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for an investment plan to create long-term wealth.

Solution

His financial advisor advised him to buy the SBI Shubh Nivesh Plan. He visited PolicyX.com

Let's understand how the SBI Shubh Nivesh Plan works for him with a premium illustration table.

Age of policyholder Single Premium Policy tenure Sum Assured Maturity Benefits
30 years Rs 10 lakhs 15 years Rs 10,00,000 Rs 17,76,250

Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 17,76,250 are paid to the policyholder.

Features of SBI Shubh Nivesh Plan

Here are some features of SBI Shubh Nivesh Plan:

SBI Investment Plans

SBI Shubh Nivesh Plan

SBI Shubh Nivesh Plan

A penny saved is a penny earned. Save your money with SBI Life Shubh Nivesh Plan and meet your long-term financial goals. SBI Life Shubh Nivesh is a n...

Unique Features

  • Explore SBI Life Shubh Nivesh
  • Understand the Key Features
  • Check the Eligibility Criteria

SBI Shubh Nivesh Plan (Pros)

SBI Shubh Nivesh Plan
  • Corpus Building
  • Assured Returns
  • Flexibility

SBI Shubh Nivesh Plan (Cons)

SBI Shubh Nivesh Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Shubh Nivesh Plan (Other Benefits)

SBI Shubh Nivesh Plan
  • Policy Loan Facility
  • Discounts on High Sum Assured
  • Participation in Profits

SBI Shubh Nivesh Plan (Eligibility Criteria)

SBI Shubh Nivesh Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 75000
  • Maximum sum assured- No limit
  • Maximum policy term- 30 years

SBI Smart Money Back Goal

SBI Smart Money Back Goal

Your Family Depends on you! Ensure to give them a life you have dreamt of. With SBI Life Smart Money Back Gold, invest your money and get higher retur...

Unique Features

  • All About SBI Life Smart Money Back Gold
  • Key Features & Benefits of The Plan
  • Sample Illustration of The Plan

SBI Smart Money Back Goal (Pros)

SBI Smart Money Back Goal

SBI Smart Money Back Goal (Cons)

SBI Smart Money Back Goal

SBI Smart Money Back Goal (Other Benefits)

SBI Smart Money Back Goal

SBI Smart Money Back Goal (Eligibility Criteria)

SBI Smart Money Back Goal

SBI Smart Platina Assure

SBI Smart Platina Assure

Don't save money to Save. Save Money To Invest & Fulfil your Long-term Goals. With SBI Life Smart Platina Assure, give your family an assurance th...

Unique Features

  • Explore SBI Life Smart Platina Assure
  • Key Features of The Plan
  • Get an idea of how the plan works

SBI Smart Platina Assure (Pros)

SBI Smart Platina Assure

SBI Smart Platina Assure (Cons)

SBI Smart Platina Assure

SBI Smart Platina Assure (Other Benefits)

SBI Smart Platina Assure

SBI Smart Platina Assure (Eligibility Criteria)

SBI Smart Platina Assure

SBI Smart Bachat

SBI Smart Bachat

Save yourself and your family from the rising inflation with SBI Life Smart Bachat. It is important to plan for future savings and expenses wisely whi...

Unique Features

  • Know All About SBI Life Smart Bachat
  • Explore the Key Features & Benefits
  • Understand the Exclusions

SBI Smart Bachat (Pros)

SBI Smart Bachat
  • Maturity Benefits
  • Death Benefits
  • Choice of Plan Option

SBI Smart Bachat (Cons)

SBI Smart Bachat
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Bachat (Other Benefits)

SBI Smart Bachat
  • Policy Loan
  • Revival
  • Multiple Policy Renewal Payment Options

SBI Smart Bachat (Eligibility Criteria)

SBI Smart Bachat
  • Minimum entry age- 3 years
  • Maximum entry age- 50 years
  • Minimum sum assured- Rs 2
  • 00
  • 000
  • Maximum sum assured- No limit
  • Maximum policy term- 21 minus entry age
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of SBI Shubh Nivesh Plus

There are various benefits to buying the SBI Shubh Nivesh Plan. Let’s understand each of them in detail:

  • Maturity Benefit: On completion of the endowment term, the SBI Life Shubh Nivesh plan will pay Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal bonus, if any will be paid, while the policy is in force.
  • In the case of regular premium policies, an amount higher of sum assured along with vested Simple Reversionary Bonuses and terminal bonus or 105% of all the paid premiums till death is provided.
  • Participation in Profits The policy participates in profits that may be declared by the company from time to time. Simple reversionary bonuses will be paid based on the company's profits that solely depend on expenses, long-term view of investment returns, mortality, and other experiences.
  • Tax Benefits: You can claim a deduction of Rs 1.5 lakhs on your total income under section 80C of the Income Tax Act, 1961.

     

Documents Required to Buy SBI Shubh Nivesh Plan

Here is the list of documents required to buy the SBI Shubh Nivesh Plan:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy SBI Shubh Nivesh Plan?

You can buy the SBI Shubh Nivesh Plan official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of SBI Life Insurance.

  • Step 2

    Hover over the 'Investment Plans' from the top of the menu.

  • Step 3

    Click on the 'SBI Shubh Nivesh'.

  • Step 4

    Click on ‘Buy Now’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the SBI Shubh Nivesh Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of SBI Shubh Nivesh Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Plan At a Glance

What’s Good Here What’s Missing
Corpus Building Premium Offset
Assured Returns High sum assured rebate
Policy Loan Facility Auto cover continuance
Participation in Profits Top-up premium

In a nutshell

If you are looking for an investment plan that offers guaranteed returns for you and your family you must opt for SBI Shubh Nivesh. This plan offers guaranteed benefits.

For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.

FAQs: SBI Shubh Nivesh Investment Plan

1. What will happen if I stop paying the premium of my SBI Shubh Nivesh Plan?

In case you have forgotten/stopped paying the premium of your SBI Shubh Nivesh Plan, the company will offer you a grace period of 15 days for monthly premium payment and 30 days for other modes of premium payment - quarterly, bi-yearly and yearly. If you fail to pay your premium in the grace period, your policy will be lapsed, and you will not be able to avail any benefits.

2. I want to surrender my SBI Shubh Nivesh Plan?

If you cancel your insurance plan within the policy period, SBI Shubh Nivesh will pay you a surrender value. The Surrender Value is determined by the higher Guaranteed Surrender Value or Special Surrender Value.

3. Does the plan offer any free-look period?

If the insured is not satisfied with their Shubh Nivesh policy, they are free to cancel the plan within 15 days of policy inception.

4. Am I eligible to avail loans against my SBI Shubh Nivesh Plan?

During a financial emergency the policyholder is eligible to avail loans against their SBI Subh Nivesh policy. The loans will be available only after the policy acquires the surrender value, and is limited to a maximum of 90% of the surrender value.

5. Is there any loading on SBI Life Shubh Nivesh?

Yes, the plan has a loading as per the below table: Half-yearly 51.00% of annual premium Quarterly 26.00% of annual premium Monthly 8.50% of annual premium

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.

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