Introduction:
SBI Life - Saral Shield is a traditional non-participating pure term plan, At a nominal cost, Saral Shield provides cover for your family and ensures that a proper safety net is created. Thus, it guarantees that there will be absolutely no compromise on your dreams and ambitions for your loved ones, at all times.
Isn’t it great? So, get the Shield advantage now!!
Key Features:
• Hassle-free, convenient and easy issuance. • Complete Financial Security at truly lower costs. • Wide varieties of plan options to give you complete freedom from your liabilities. • Attractive large sum assured rebates. • Enhance your protection by availing two riders- Accidental Death Benefit Rider and Accidental Total and Permanent Disability Rider. • Tax benefits as per prevailing norms under the Income Tax Act, 1961*.
Product Snapshot:
| Age at Entry |
Min: 18 years |
Max: 60 years |
Age at Maturity |
Max: 65 years |
Plan Options |
Level Term Assurance
Decreasing Term Assurance (Loan Protection)
Decreasing Term Assurance (Family Income Protection) |
Sum Assured(x 50,000/-) |
Min: Rs. 7,50,000 Max: Rs. 24,00,000 |
Policy Term |
Min: 5 years
Max:
For Level Term Assurance and Decreasing Term Assurance (Family Income Protection) - 30 years
For Decreasing Term Assurance (Loan Protection) - Equal to the outstanding loan term subject to maximum of 30 years |
Premium Paying Term |
Same as policy term |
Premium Modes |
For Level Term Assurance:
Single Premium (SP), or Regular Premium(RP) (Yearly / Half-yearly / Quarterly / Monthly#)
For Decreasing Term Insurance (Loan Protection) & DecreasingTerm Insurance (Family Income Protection) : Single Premium |
Min Premium Amounts |
Regular Premium:
Yearly Rs. 2,000/-
Half-yearly Rs. 1,100/-
Quarterly Rs. 600/-
Monthly Rs. 250/-
Single Premium:
Rs. 10,000/- |
All the references to age are age as on last birthday.
#For convenience, monthly mode of premium, is payable through Electronic Clearing System (ECS), Salary Savings Scheme or Standing Instructions (where payment is made either by direct debit of bank account or credit card).
Instant Premium Reckoner
Age of
Life Assured
(years)
|
For SA - Rs. 10 Lakhs |
For SA - Rs. 20 Lakhs |
Policy Term (in years)/ Premium (in Rs) |
Policy Term (in years)/ Premium (in Rs) |
10 |
15 |
20 |
25 |
10 |
15 |
20 |
25 |
25 |
2,052 |
2,052 |
2,188 |
2,413 |
3,442 |
3,442 |
3,713 |
4,163 |
30 |
2,197 |
2,409 |
2,711 |
3,132 |
3,731 |
4,157 |
4,759 |
5,602 |
35 |
2,778 |
3,204 |
3,775 |
4,459 |
4,893 |
5,745 |
6,888 |
8,255 |
40 |
3,726 |
4,483 |
5,350 |
6,379 |
6,791 |
8,304 |
10,038 |
12,096 |
45 |
5,421 |
6,556 |
7,866 |
NA |
10,179 |
12,449 |
15,070 |
NA |
Note: The above annual level term assurance premiums are for a standard, healthy male life and are inclusive of service tax as well as high sum assured rebate, wherever applicable.
SA: Policy Sum Assured. NA: Not Available for this combination.
For more details on risk factors, terms and conditions please read sales brochure carefully before conducting a sale.* Tax benefits are subject to change in tax laws. Please consult your tax advisor for details. SBI Life - Accidental Death Benefit Rider (UIN: 111B015V01), SBI Life - Accidental Total & Permanent Disability Rider (UIN: 111B016V01). |
