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SBI Life Keyman Insurance Plans
Keyman is a key member or staff of the organization who is a major contributor to its growth and profit and whose absence may affect the continuity of the business.
The Company on the life of the key member or staff takes Keyman Insurance.
The main objective of Keyman Insurance is to compensate for the financial losses suffered following the death of key member or staff of the organization.
The aim is to indemnify the company of these losses and to allow business continuity.
All premiums paid for securing a Keyman life insurance policy are treated as business expenditure u/s 37 (1).
Shield plan is available for the purpose of Keyman insurance.
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
An Endowment Policy
Sudarshan is an Endowment Policy designed to provide savings and protection to you and your family. You can save regularly for the future. Thus at the end of the plan, you will receive a substantial amount of savings along with the accumulated bonuses declared. At the same time, your family will be protected for death risk for the full Sum Assured.
‘Sudarshan’ is available under two Plans.
Fixed Sum Assured (Plan A):
Fixed amount of cover for the entire duration of the plan
Increasing Sum Assured (Plan B):
Increasing amount of cover every year for the entire duration of the plan with level premium.
In addition to the Basic Cover, you are also entitled to opt for extra covers (riders): Term Assurance Cover, Accidental Death and Accidental Total Permanent Disability Cover and Critical Illness Covers by paying nominal additional premiums.
This Scheme is ideal for you:
• If you intend to provide for your children's future education, marriage expenses or even your own retirement - in a most flexible manner.
• If you look for an insurance plan which could also act as a hedging instrument.
• If you want to provide for medical expenses. If you have to unfortunately face any of the terminal or dreaded illnesses.
Get Insured, and your premium back too!
Happiness and security for your family is what you want. However life has its uncertainties and risks. All that you're interested in is how best to afford a secure future for your loved one
Have you ever wished for a low premium insurance policy that is not only provides security to your loved ones but also returns back the premium paid.
SBI Life's Swadhan plan is the answer to your wishes.
Advantages:
• Protection at affordable premium
• Guaranteed refund of basic premium paid on Survival at the end of the term, depending upon the term of the policy.
• Life cover comes to you at no cost**
• Tax benefit u/s 80 C and 10 (10 D) of IT Act*
• 5% rebate for Female lives
• Rebate on High Sum Assured
• Flexible benefit premium paying mode
• Free look period of 15 days
Get your Money Back and still stay insured
As an individual your life is fueled by dreams. You experience different special moments in life like wedding, birth of a child, child´s education or purchasing a new home. You have to be financially prepared for these special moments. What you need is easy liquidity at regular intervals with life insurance protection to take care of these special moments.
Introducing SBI Life Money Back plan, a smooth way to plan for all the special moments in your life.
Benefits of the plan:
• Twin benefits of Life Insurance and increased cash inflow at regular intervals.
• Guaranteed Survival Benefit Payments more than 100% of the Sum Assured.
• Increasing Survival Benefit payments.
• Available in a wide range of terms: 10, 15, 20 or 25 years to suit your needs.
• Bonus for the entire term of the policy.
• In the event of claim your beneficiary would receive full sum assured and bonuses, irrespective of Survival Benefits already paid.
• Tax benefit u/s 80 C and 10 (10 D) of IT Act*
• Convenient premium payment options.
• Attractive rider cover.
• Attractive rebate for Female lives.
• Rebates for Annual / Semi- Annual modes of Premium.
• Rebates on high value policies.
• 15 days Free Look Period.
Why take chances with your child's future?
As a caring parent you would always want your child to get the very best. Is there a way to protect your children against life´s risks? Is there a way to make tomorrow safe for them? Therefore this is the time when careful financial planning can help you fulfill the aspirations that you have for your children´s.
We at SBI Life can help you ensure that your children´s future is secure and prosperous.
SCHOLAR II is designed to protect your child's future educational needs.
Advantages:
• Twin benefit of saving for your child's education and securing a bright future despite the uncertainties of life.
• Full risk cover throughout the policy term irrespective of payment of survival benefits installments.
• Option to receive the installments in lump sum at the due date of first installment of Survival benefit.
• Tax benefit u/s 80 C and 10 (10 D) of IT Act*
• Attractive rider options
• Attractive rebate for Female lives and High Sum Assured.
• 15 days Free Look Period
Presenting a term plan with increasing life cover
Your family is of utmost importance to you. You want your family to have all the good things in life and you would do everything you could to fulfill them. Life is full of uncertainties and risk. To ensure that these uncertainties do not shatter the dreams you have for your family.
SBI Life offers you Shield Plan.
Shield Plan is available at a very affordable cost. It provides more than adequately for your family, should the unmentionable happen, ensuring that there will be absolutely no comprises on dreams and ambitions for them. And more importantly, it is probably the only policy that keeps pace with your growing commitments and responsibilities. Taking this plan you wouldn't need to look for a fresh policy even if your liabilities increase. It is non-participating pure term insurance plan. There is no survival benefit.
Advantages:
• It offers you life insurance cover at the lowest cost for a selected term.
• It is available in 3 options to suit your requirement.
• Level Premium throughout the chosen term with increasing Sum Assured, depending on the option chosen.
• Tax benefit u/s 80 C and 10 (10 D) of IT Act*
• Attractive rebate for Female lives.
• Attractive Rebates are offered for Annual / Semi- Annual mode of Premium payment and High Sum Assured.
• Attractive rider options
• Convenient premium payment options: Single and Multiple premium payment.
• 15 days Free Look Period from the date on which you receive the policy documents.
Invest over a short period and reap the benefits for much longer
You and your family deserve the very best in life. However life is all about change and with rising costs and economic instability, you may not be sure about your future incomes. You need a product that offers you the following:
A life covers for the term of your choice.
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At the same time does not burden you with liability to pay premiums for the entire term.
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Cash inflow at regular intervals.
Attractive New product for NRI´s
Introducing Setubandhan - Investment - cum - Life Insurance opportunity
A unique Life Insurance bond that helps you, the NRI living abroad, build a bridge between you and your dear ones back in India.
Corporate Group Products
Economic growth is today decided more by human capital than by material capital. Equipment, processes, and intellectual property are leveraged not by their inherent capability but by the actions of human beings. Investment on human resource has today become the core of production force and the competing focus among Corporates.
Employee Benefit solutions are just what you need to retain your most valuable asset and win the confidence and loyalty of your employees. SBI Life dedicates itself to meet an employer's commitment towards its employees cost effectively, and to strengthen the employer-employee relationship in the long run. SBI Life Group Solutions offers an integrated basket of employee benefit plans catering to both statutory as well as voluntary needs of the employers.
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