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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:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 65 years
Minimum term - 10 years Maximum term - 30 years
5 to 30 years
Annual, half-yearly, quarterly & monthly
Rs 75,000 to No limit
Let's understand how the SBI Shubh Nivesh Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan to create long-term wealth.
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.
Here are some features of SBI Shubh Nivesh Plan:
The grace period for the SBI Life Shubh Nivesh plan is 15 days for the monthly premium payment mode and 30 days for other modes. If the policyholder does not pay the premiums in the grace period, then it leads to policy lapse.
If you need financial support in case of any emergency, the plan will allow you to avail of a loan equivalent to 90% of the surrender value.
The plan allows you to choose your preferred premium paying option as Single or Regular premium payment.
The plan provides the option of an annuity plan that assists in building a huge corpus through wealth creation along with a regular flow of income.
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There are various benefits to buying the SBI Shubh Nivesh Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the SBI Shubh Nivesh Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the SBI Shubh Nivesh Plan official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of SBI Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'SBI Shubh Nivesh'.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
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.
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 |
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.
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.
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.
If the insured is not satisfied with their Shubh Nivesh policy, they are free to cancel the plan within 15 days of policy inception.
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.
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
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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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February 5, 2023
Asia/Kolkata
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