SBI Life Shubh Nivesh Review
This is an idle endowment plan by SBI Life. Whole life and single premium options in the plan attracts many investors. It ensures the meaning of insurance. Minimum sum assured is Rs 75,000. There are no upper limits for sum assured.
SBI Life Shubh Nivesh.
It is a typical Endowment Plan by SBI Life Insurance Company. A whole life option is also available in this plan. Plan is ideal for wealth creation, regular income and protection. Single premium payment opportunity is also available in this plan. There are two options in this plan. One is Endowment Assurance and another is Whole Life Endowment. In Endowment Assurance, sum assured plus accrued bonus will be given as survival benefit. Death during the period results to sum assured plus bonus to Nominee. In Whole Life Endowment, policyholder will be deserved for sum assured plus accrued bonus at the end of the endowment term. In addition, an amount equals to sum assured will be given at 100 years (age) or his death whichever is earlier.
Deferred maturity payment option is available in this plan. In this option, the amount of survival benefit will be divided and given in certain intervals chosen by the policyholder. If the policyholder dies during the payment of divided sum assured, in deferred maturity payment option, the payment will be continued to the nominee. If death happens after the endowment term, and before 100 years (age) in deferred payment with whole life option, an amount equals to sum assured will be given to the nominee. Divided payment of sum assured will be continued to the nominee.
Minimum entry age is 18 years. Maximum entry age is 60 years. Minimum maturity age is 23 years. Maximum maturity age is 65 years. Minimum policy term is 5 years. Maximum policy term is 30 years. Minimum sum assured is Rs 75,000. There is no upper limit in the sum assured. Premium depends up on the sum assured chosen. Premium payment term can be selected from yearly, half yearly, quarterly, monthly or single premium.