SBI Life Saral Swadhan Supreme
- Affordable plan
- Return of premium option
- Tax benefit
"A plan which returns all the paid premiums back upon completion of the policy term"
Several term insurance plans provide insurance coverage for the premium you have paid. But have you ever heard of a term plan that offers financial security to dependents and returns back all the paid premiums upon completion of policy term.
The SBI Life Saral Swadhan Supreme is such a plan which gives 100% of the total premiums paid as maturity benefit upon the survival of the whole policy term along with the continuous cover of death benefit.
SBI Life Saral Swadhan Supreme Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 75 years
Minimum term - 15 years Maximum term - 30 years
Basic Sum Assured: ₹25L to No Limit
The policy loan is not available under SBI Life Saral Swadhan Supreme Plan.
Yearly, Half-Yearly and Monthly
Let's understand how the SBI Life Saral Swadhan Supreme Plan works with a simple premium illustration.
Mr. Verma, a 45-year-old banker wants to ensure that his family is able to maintain their lifestyle even when he is not around.
His financial advisor advised him to buy the SBI Life Saral Swadhan Supreme Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Saral Swadhan Supreme Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,351/month | ₹16,212/year | 30 years | ₹4,86,360 | ₹1 Crore |
Key Takeaways: On his survival till the end of the policy term, he'll get back the total premium paid under the plan as a maturity benefit. In case of his unfortunate accidental death during 15 th policy year, ₹1 Crore will be paid to his family.
Here are the benefits associated with the SBI Life Saral Swadhan Supreme
In the unfortunate event of death of the life assured during the policy term, sum assured on death will be payable to the beneficiary in lump sum.
On survival of the life assured till the end of the policy term, 100% of the total premiums paid during the policy tenure, shall be paid in lump sum.
The policyholder can surrender the in-force policy or paid-up policy at any time during the policy term after payment of at least one full policy year's premium.
You can add the following riders to your SBI Life Saral Swadhan Supreme Plan:
Accidental Death Benefits Rider provides an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Rider covers the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Here is the list of exclusions associated with the plan:
SBI Life Saral Swadhan Supreme provides life cover at affordable premiums and also returns the total premiums paid at the end of the policy term upon survival. If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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