SBI Life – Money Back is a traditional participating savings plan with added advantage of life cover and cash inflow at regular intervals. In order to meet your various financial obligations at crucial junctures, it offers a wide range of terms options with regular payments of Guaranteed Survival benefits made at different durations during the policy term.
 Key Features:
  • The plan has a number of money back options specially suited to your needs. • The cover is available at competitive premium rates. • It has guaranteed cash inflows which can meet your various financial obligations. • In addition to normal death cover, the plan also provides you 4 additional covers
Product Snapshot:

Plans Options

Option 1

10 years

Option 2

15 years

Option 3

20 years

Option 4

25 years


Minimum Policy Term

10 years

Maximum Policy Term

25 years


Premium Mode

Monthly /Quarterly /Half Yearly/Yearly



Option 1

Option 2

Option 3

Option 4

Minimum Entry Age

15 years

15 years

15 years

15 years

Maximum Entry Age

60 years

55 years

50 years

45 years

Maximum Age at Maturity

70 years

Sum Assured

Minimum Sum Assured

Rs 50000/-

Maximum Sum Assured

Rs 5 Crores

Riders Available

SBI Life - Dhanavantri Supreme - Individual Critical Illness (CI Rider) (UIN : 111C004V02)

SBI Life - Accidental Death and Permanent Disability (AD & PD ) Rider (UIN: 111C001V01)

SBI Life - Pure Term Rider (UIN: 111B003V01)

SBI Life - Premium Waiver Benefit (PWB) Rider ( Individuals) ( UIN : 111B005V01)

How does it work?
SBI Life Money Back is a saving plan with added advantage of life cover and cash inflow at regular intervals. This plan is designed for individuals who want to plan for various financial obligations at specified times in life.

Term of the Plan

Guaranteed Survival Benefit payable

Cumulative Guaranteed Survival Benefit

10 Years

The last 3 years on the term

110% of Basic Sum Assured

15 Years

After every 3 years on the term

115% of Basic Sum Assured

20 Years

After every 4 years on the term

120% of Basic Sum Assured

25 Years

After every 5 years on the term

125% of Basic Sum Assured


Death Benefit:
In the unfortunate event of death during the term of the plan, the nominee will receive Sum Assured + Vested Bonuses, (accrued till the date of death),
No deductions are made from the claim amount for the Survival Benefits already paid. Exclusions applicable to the Basic Cover: Suicide within the first year
Tax Benefit

SBI Life Money Back Plan enjoys Tax benefit u/s 80C and 10(10D) of IT Act*
Premiums paid for Critical Illness Benefit qualify for tax exemption under Sec 80D*
*Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.


Copyright © 2011 Rajul Investment
Website Designed by Animatronicks