HDFC Life click 2 protect plus Term plan

HDFC Life click 2 protect plus Term plan is proposed to protect your family and belongings from the uncertainty of life. In HDFC Click 2 protect plus Term plan anyone can choose the cover option and insurance cover depending upon his basic requirements. There is various options in this plan to secure your family and meet their day to day needs in your absence also in the form of monthly income and income plus options.

HDFC Life click 2 protect plus Term plan

Features of HDFC Life click 2 protect plus plan

1. There are 4 different cover option available in this plan.

  • Life cover option : According to this the nominee of the policyholder will be paid the sum assured on the death of the policy holder.
  • Extra life with accidental death benefit option : According to this cover option the nominee of the policy holder gets the sum assured on death and in addition extra sum assured is paid by the company in case of demise due to accident.
  • Income option : According to this option the nominee of the policyholder receive the sum insured and the remaining sum is given as the monthly income to the next 15 years.
  • Income plus option : According to this option the nominee of the policy holder will get the sum assured on death and to next 10 year the nominee will get monthly income.

2. The policy buyer can purchase the policy as single premium paying policy or as regular premium paying policy.
3. There is no maturity benefit available in this insurance plan.
4. This insurance plan is mainly designed to fulfill the requirements of the policyholder’s family after his death.
5. The minimum sum that can be assured according to this plan he is 25 lacs and there is no limit for the maximum sum assured.
6. The premiums can be paid by annually, half yearly, quarterly or monthly mode.
7. Minimum age for the entry of this plan is 18 years and the maximum age for the entry of this plan is 65 years.

Benefits provided under HDFC Life click 2 protect Plus Term plan

Death benefit
If the policyholder meet to an unfortunate death, then the nominee of the policy holder gets the sum assured on death.
If the policy is taken as a single premium policy then the nominee will get 125% of single premium paid as some assured.
If the policy is taken other than single premium then the nominee of the policy holder gets the sum that is 10 times the annualized premium or 105% of all the premium paid till the death of demise.

Maturity benefit
According to this plan there is no maturity benefit provided to the policyholder.

Live stage protection
Life stage protection is an optional policy that can be taken as additional plan on payment of extra premium.

Tax benefits
The premium paid under HDFC Life click 2 protect Plus plan is tax free according to Section 80 c and the claim received is also tax free according to section 10 d of Income Tax Act that means you can file income tax return on that amount.

Documents required for HDFC Life click2protect Term plan

  • 1. Age proof of policy buyer.
  • 2. Address proof.
  • 3. PAN card and Aadhar card for KYC document
  • 4. Accurate medical history
  • 5. Medical examination report if required.
HDFC Click 2 invest

HDFC Click 2 invest is a non participating plan that is also a unit linked plan which provides various options for investment and return. That makes the future of your belongings safe by providing protection as well as investment options.

HDFC Click 2 invest

Features of HDFC Click 2 Protect plan

1. It is a non participating unit linked plan
2. It comes with single pay, regular pay or limited pay options.
3. There are following funds option are available for the purpose of investment in this plan

  • Equity plus fund
  • Diversified equity fund
  • Blue chip fund
  • Opportunities fund
  • Balanced fund
  • Income fund
  • Bond fund
  • Conservation fund

Benefits provided under HDFC Click 2 invest plan

Death benefit

In case of death of the policy holder the nominee of the policyholder will get the sum assured that’s value is 105% of premium paid till the death of the policy holder.

Maturity benefit

In case of maturity of the plan that means the policyholder survives throughout the policy term the policyholder will get the total Fund value of that he has chosen.

Tax benefit

The premium paid under HDFC Click 2 invest plan are tax free according to Section 80c and the claim that is received is also tax free according to the section 10d of income tax act.

Eligibility criteria and product specification

1. The entry age for this plan is zero years to the maximum of 65 years
2. The minimum maturity age for this plan is 18 years and the maximum maturity age for this plan is 75 years
3. The policy term can be choosen for minimum 5 years and the maximum 20 years
4. The premiums can be paid annually half yearly monthly in case of regular payment premium selected
5. The minimum early premium can be 12000 there is no maximum limit for the premium paid
6. Sum assured on for Limited and regular pay option is 10 multiplied by annual premium for age more than 55 years or 7 multiplied by Premium for age less than 45 years.

Documents required for HDFC click to invest plan.

  • 1. Online filled application form.
  • 2. Age proof of policy buyer.
  • 3. Address proof.
  • 4. PAN card and Aadhar card for KYC document
  • 5. Accurate medical history
  • 6. Medical examination report if required.

Terms related to HDFC click to invest plan.

Grace period
There is 30 days allotted for the payment of premium of the policy as grace period. If the policy premium would not be paid within 30 days the policy will be lapsed.

Free look up period
After purchasing the policy if the policy buyer is not satisfied with the policy then within 15 days the policy can we return after the receiving of the policy document.

Surrender of policy
The policy gets a surrender value after the completion of the 5 year of the policy payment according to the terms and condition of the company.

Bajaj Allianz Elite Assure Plan

Bajaj Allianz pension guarantee plan is the plan mainly proposed for the Policy buyer who belongs from private sector or non organised sector. Where pensions are not provided. By this policy the policyholder will be able to get a certain amount of money per month as pension after the maturity age. There is also provision of death benefit if the policyholder die within the policy term.

Bajaj Allianz Elite Assure Plan

Features of Bajaj Allianz pension guarantee plan.

1. This plan is non linked individual plan that provides annuity benefits.
2. The minimum amount for which the policy can be purchased is rupees 25000 and there is no maximum limit for the purchase of policy
3. The benefits provided in this plan is according to the option which have been taken by the policyholder
4. The annuity provided after the maturity of the plan can be monthly, quarterly, half yearly or annually.
5. There is discount on premium available on higher sum assured plans.
6. There is death benefit option available on the choice of policy buyer.

Details of the option to choose annuity are following

1. Option A
According to this option the policyholder will get the annuity as Long as he or she well alive

2. Option B
According to this option the policyholder will get annuity as well as if he or she will meet death then the policy price will be returned to the nominee.

3. Option C
According to this option annuity is paid for certain period such as 5 years, 10 years ,15 years or 20 years as per choice and the rest and annuity will be paid to the policy holder. If policy holder dies then the rest annuity is paid to the nominee of the policy holder.

4. Option D
According to this option and annuity is paid for both husband and wife 50% annuity is paid to husband and the rest 50% annuity is paid to wife. If any of them dies then the others annuity will be continue.

5. Option E
This is also option for both husband and wife. In this option both will get the annuity amount throughout there life. After the death of the last partner the nominee will get the purchasing amount of the policy.

6. Option F
According to this option the policyholder and his wife both get the annuity amount. In case of anyone die, then the hundred percent of annuity will be provided to the other partner.

Benefits provided under Bajaj Allianz pension guarantee plans.

Death benefit
If the policy holder meet to death and the policy amount is remaining then the nominee will get the remaining amount. In option E the nominee of the policy holder gets the whole premium amount after the death of the policy holder.

Maturity benefit
There is no maturity benefit provided in this because this is a pension plan that provides annuity.

Tax benefit
According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

Eligibility for the Bajaj Allianz pension guarantee plan.

1. The minimum entry age for option B is 0 years and in rest of the options 37 years.
2. The maximum entry age for this plan is hundred years for option B and in rest of the option this is 80 years.
3. The premium can be paid monthly, quarterly, half yearly or annually.
4. Minimum sum that can be purchase price is rupees 25 thousand and there is no upper limit for the sum assured.

Documents required for Bajaj Allianz pension guarantee plan

  • 1. Offline/Online filled application form.
  • 2. Age proof of policy buyer.
  • 3. Address proof.
  • 4. PAN card and Aadhar card for KYC document
  • 5. Accurate medical history
  • 6. Medical examination report if required.

Terms related to Bajaj Allianz pension guarantee plan.

Free look period
If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.

Grace period
There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.

Revival of policy
If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.

Bajaj Allianz Elite Assure Plan

Bajaj Allianz invest assure plan is Saving plan that provides security to the policy holder by providing live coverage as well as it is an investment plan, that provides a good amount in return after the completion of the policy term. Also in case of death of policy holder it provides death benefit to the nominee of the policy holder.

Bajaj Allianz Elite Assure Plan

Features of Bajaj Allianz invest assure plan.

1. It is a participating non linked traditional endowment plan that means, it is free from market risk.
2. It is a limited premium paying term that means the policyholder will not have to pay the premium to the whole policy term.
3. Is two options available data gold and silver with the various facilities accordingly.
4. In case of policyholder survives throughout the policy term. Then there is a provision of maturity benefit.
5. In case of policy holder made to death within the policy term. Then there is a provision of death benefit.
6. There is discount on premium available on higher sum assured plans.
7. The claim is provided as a lump sum and instalments.

Eligibility for the Bajaj Allianz invest assure plan.

1. The entry age for silver option is 0 years and gold option is 18 years and the maximum age for entry for both the plans is 50 years.
2. The maturity age for this plan is minimum 18 years and maximum maturity age for gold option is 65 years and for silver option is 70 years.
3. The minimum policy term is 17 years for silver option and 15 years for gold option and maximum policy term for both plan is 40 years
4. The premium can be paid monthly, quarterly, half yearly or annually.
5. The premium paying term for both the plan is minimum 5 years and maximum 30 year
6. Minimum yearly premium is 5000 and there is no upper limit for maximum yearly premium.
7. Minimum sum that can be assured is rupees 1 lakh and there is no upper limit for the sum assured.

Benefits provided under Bajaj Allianz invest assured plans.

Death benefit
If the policy holder meet to death within the policy term. Then the nominee of the policy holder will get the death benefit as sum assured on death plus the bonus provided by the company.

The sum assured on death is 10 times the annualized premium for age less than 45 years or 7 times the annualized premium for the age greater than or equal to 45 years or 105% of all the premiums paid.

Maturity benefit or survival benefit
If the policyholder survives throughout the policy term. Then the policyholder will get the maturity sum amount + reversionary bonus plus additional bonus if any.

The maturity benefit is provided as monthly installment for the period of 5 years all 10 years as per the choice of policyholder.

5 years term
(1.04 x maturity benefit)/ 60

10 years term
(1.08 x maturity benefit)/ 120

Tax benefit

According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

Documents required for Bajaj Allianz invest assure plan

  • 1. Offline/Online filled application form.
  • 2. Age proof of policy buyer.
  • 3. Address proof.
  • 4. PAN card and Aadhar card for KYC document
  • 5. Accurate medical history
  • 6. Medical examination report if required.

Terms related to Bajaj Allianz invest assure plan.

Free look period
If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.

Grace period
There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.

Revival of policy
If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.

Surrender of policy
Policy can be surrendered or terminated after the completion of 2 years of the policy term. Only after the 2 years the policy will be able to get a surrender value.

Loan benefit
There is facility of loan in this policy that is 90% of the surrender value after the completion of 2 years of the policy term.

Bajaj Allianz Elite Assure Plan

Bajaj Allianz guarantee assure plan is non participating traditional endowment plan, which provides a complete savings and protection to the policyholder. It provides a good long term investment on payment of small amount of money and also protection if any unfortunate incidence happens to the life of policy holder. In that case it secure the future of the family by providing various benefits.

Bajaj Allianz Elite Assure Plan

Features Bajaj Allianz guarantee assure plan.

1. It is a non participating traditional endowment plan that means, it is free from market risk.
2. It is a Limited premium paying endowment plan that means the policyholder will not have to pay the premium to the whole policy term.
3. In case of policyholder survives throughout the policy term. Then there is a provision of maturity benefit.
4. In case of policy holder made to death within the policy term. Then there is a provision of death benefit.
5. There is discount on premium available on higher sum assured plans.
6. The claim is provided as a lump sum or through the monthly installments.
7. There is guaranteed addition provided to the sum assured.

Benefits provided under Bajaj Allianz guarantee assured plans.

Death benefit
If the policy holder meet to death within the policy term. Then the nominee of the policy holder will get the death benefit. The death benefit will be provided through the period of 5 years or 10 years as per the choice of the policyholder as monthly installment.

5 years term
(1.04 x death benefit)/ 60

10 years term
(1.08 x death benefit)/ 120

Maturity benefit
If the policyholder survives throughout the policy term. Then the policyholder will get the maturity sum amount. The maturity benefit is provided as monthly installment for the period of 5 years all 10 years as per the choice of policyholder.

5 years term
(1.04 x maturity benefit)/ 60

10 years term
(1.08 x maturity benefit)/ 120

Guaranteed addition
Guaranteed addition is provided per year. Which is 5% for 7 years plan, 6% for 8 year plans, and 7% for 9 year plan.

Tax benefit
According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

Eligibility for the Bajaj Allianz guarantee assure plan.

1. The entry age for this plan is minimum 9 year to the maximum of 60 years.
2. The maturity age for this plan is minimum 18 years and maximum of 69 years.
3. The policy can be taken for the term of 7,8 or 9 years.
4. The premium paying term is limited for 5 years for any policy term.
5. The premium can be paid monthly, quarterly, half yearly or annually.
6. Minimum sum that can be assured is rupees 1 lakh and there is no upper limit for the sum assured.

Documents required for Bajaj Allianz guarantee assure plan.

  • 1. Offline/Online filled application form.
  • 2. Age proof of policy buyer.
  • 3. Address proof.
  • 4. PAN card and Aadhar card for KYC document
  • 5. Accurate medical history
  • 6. Medical examination report if required.

Terms related to Bajaj Allianz guarantee assure plan.

Free look period
If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.

Grace period
There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.

Revival of policy
If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.

Surrender of policy
Policy can be surrendered or terminated after the completion of 2 years of the policy term. Only after 2 years the policy will be able to get a surrender value.

Loan benefit
There is facility of loan in this policy that is 90% of the surrender value after the completion of 3 years of the policy term.

Bajaj Allianz Elite Assure Plan

Bajaj Allianz elite assure plan is participating traditional endowment plan. Which provides a complete savings and protection to the policyholder. There is regular or limited premium option. There is various options for policy term available in this plan. It provides a good long term investment on payment of small amount of money and also protection. If any unfortunate incidence happens to the life of policy holder. In that case it secure the future of the family by providing various benefits.

Features of Bajaj Allianz elite assure plan.

  • 1. It is a participating non linked traditional endowment plan that means, it is free from market risk.
  • 2. It provides option for the payment of regular or Limited premiums as per the choice of the policy holder
  • 3. In case of policyholder survives throughout the policy term. Then there is a provision of maturity benefit.
  • 4. In case of policy holder made to death within the policy term. Then there is a provision of death benefit.
  • 5. There is discount on premium available on higher sum assured plans.
  • 6. The claim is provided as a lump sum and instalments.

Eligibility for the Bajaj Allianz elite assure plan.

  • The entry age for this plan is minimum 0 year to the maximum of 55 years.
  • The maturity age for this plan is minimum 18 years and maximum of 70 years.
  • The policy can be taken for the term of 15 , 20 , 25 and 30 years.
  • The premium can be paid monthly, quarterly, half yearly or annually.
  • The premium paying term can be 7 years or 10 years
  • The sum s assured on death is 10 times the annualized premium
  • Minimum sum that can be assured is rupees 5 lakh and there is no upper limit for the sum assured.Bajaj Allianz Elite Assure PlanBenefits provided under Bajaj Allianz elite assured plans.

    Death benefit
    If the policy holder meet to death within the policy term. Then the nominee of the policy holder will get the death benefit as sum assured on death plus the bonus provided by the company.

    Maturity benefit or survival benefit
    If the policyholder survives throughout the policy term. Then the policyholder will get the maturity sum amount + reversionary bonus plus additional bonus if any.
    Maturity benefits also includes loyalty addition + terminal bonus which declared every year.

    Additional benefits
    There are various options available for additional benefits in this plan which makes the plan unique the additional benefits can be taken on payment of extra premium at the time of policy purchasing the additional benefits are listed as below

 

  • Waiver of premium benefit
  • Accidental permanent partial disability
  • Critical illness
  • Family income
  • Accidental deathTax benefit

According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

Documents required for Bajaj Allianz elite assure plan

  • Offline/Online filled application form.
  • Age proof of policy buyer.
  • Address proof.
  • PAN card and Aadhar card for KYC document
  • Accurate medical history
  • Medical examination report if required.

Terms related to Bajaj Allianz elite assure plan.

  • Free look period

If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.

  • Grace period

There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.

  • Revival of policy

If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.

  • Surrender of policy

Policy can be surrendered or terminated after the completion of certain years of the policy term. Only after the fixed years the policy will be able to get a surrender value.

  • Loan benefit

There is facility of loan in this policy that is 90% of the surrender value after the completion of certain years of the policy term.

Bajaj Allianz Elite Assure Plan

Bajaj Allianz cash assure plan is participating traditional endowment plan. Which provides a complete savings and protection to the policyholder. It provides higher money back that is 150% of sum assured. There is various options for policy term available in this plan. It provides a good long term investment on payment of small amount of money and also protection. If any unfortunate incidence happens to the life of policy holder. In that case it secure the future of the family by providing various benefits. It provides some special features for the female policyholders.

Features of Bajaj Allianz cash assure plan.

  1. It is a participating non linked traditional endowment plan that means, it is free from market risk.
  2. It is a Limited premium paying endowment plan that means the policyholder will not have to pay the premium to the whole policy term.
  3. In case of policyholder survives throughout the policy term. Then there is a provision of maturity benefit.
  4. In case of policy holder made to death within the policy term. Then there is a provision of death benefit.
  5. There is discount on premium available on higher sum assured plans.
  6. The claim is provided as a lump sum and instalments.

Eligibility for the Bajaj Allianz cash assure plan.

  • The entry age for this plan is minimum 0 year to the maximum of 54 years.
  • The maturity age for this plan is minimum 18 years and maximum of 70 years.
  • The policy can be taken for the term of 16 , 20 or 24 years.
  • The premium paying term is limited for 5 years minus policy term for any option.
  • The premium can be paid monthly, quarterly, half yearly or annually.
  • Minimum annual premium is rupees 6500 and there is no upper limit for maximum premium.

Bajaj Allianz cash assure plan

Benefits provided under Bajaj Allianz cash assured plans.

Death benefit

If the policy holder meet to death within the policy term. Then the nominee of the policy holder will get the death benefit as sum assured on death plus the bonus provided by the company.

Maturity benefit or survival benefit
If the policyholder survives throughout the policy term. Then the policyholder will get the maturity sum amount. The maturity sum amount provided for various terms are following:-

For 16 years term

  • There is money back amount that is 15% of the sum assured is paid to the policyholder
  • The maturity benefit is provided + the bonus. The maturity benefit is 60% of the sum assured.
  • In this money back amount is provided 3 times at the end of 4 years, at the end of 8 years and at the end of 12 years of the policy.

For 20 years term

  • There is money back amount that is 20% of the sum assured is paid to the policyholder
  • The maturity benefit is provided + the bonus. The maturity benefit is 60% of the sum assured.
  • In this money back amount is provided 3 times at the end of 5 years, at the end of 10 years and at the end of 15 years of the policy.

For 24 years term.

  • There is money back amount that is 25% of the sum assured is paid to the policyholder
  • The maturity benefit is provided + the bonus. The maturity benefit is 60% of the sum assured.
  • In this money back amount is provided 3 times at the end of 6 years, at the end of 12 years and at the end of 18 years of the policy.

Additional benefits

There are various options available for additional benefits in this plan which makes the plan unique the additional benefits can be taken on payment of extra premium at the time of policy purchasing

the additional benefits are listed as below

  • Waiver of premium benefit
  • Accidental permanent partial disability
  • Critical illness
  • Family income
  • Accidental death

Tax benefit

According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

Documents required for Bajaj Allianz cash assure plan

  • Offline/Online filled application form.
  • Age proof of policy buyer.
  • Address proof.
  • PAN card and Aadhar card for KYC document
  • Accurate medical history
  • Medical examination report if required.

Terms related to Bajaj Allianz cash assure plan.

  • Free look period

If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.

  • Grace period

There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.

  • Revival of policy

If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.

  • Surrender of policy

Policy can be surrendered or terminated after the completion of 3 years of the policy term. Only after 3 years the policy will be able to get a surrender value.

  • Loan benefit

There is facility of loan in this policy that is 90% of the surrender value after the completion of 3 years of the policy term.

SBI life smart Money planner

SBI Life Smart money planner is a participating traditional endowment plan. Which provides live coverage to the policyholder as well as it provides source of regular income for the future needs. This policy provides four different plan to choose to the policy holder as per his convenience. Also the premium payment is according to the choice of policyholder such as one time premium option, regular payment option, or limited premium option.

 

Features of SBI Life smart money planner.

  • It is a participating traditional endowment plan that means, it is free from market risk.
  • It comes with a limited premium, regular premium or one Time Premium paying option.
  • In case of policyholder survives throughout the policy term. Then there is a provision of maturity benefit.
  • In case of policy holder made to death within the policy term. Then there is a provision of death benefit.
  • There is discount on premium available on higher sum assured plans.
  • There is no additional coverage or riders available in this policy.

 

Benefits provided under SBI Life Smart Money Planner.

Benefits paying term

  • For plan 1
    According to this plan the benefit is provided for 5 years that is 20% of basic sum assured.
  • For plan 2
    According to this plan the benefit is provided for 10 years that is 10% of sum assured
  • For plan 3
    According to this plan the benefit is provided for 5 years that is 20% of basic sum assured.
  • For plan 4
    According to this plan the benefit is provided for 10 years that is 10% of sum assured

Death benefit
If the policy holder meet to death within the policy term. Then the nominee of the policy holder will get the death benefit. The death benefit provided is higher of the sum assured on death + simple reversionary bonus plus additional bonus if any and 105% off all the premium paid before death.

Maturity benefit
If the policyholder survives throughout the policy term. Then the policyholder will get the maturity sum amount. The maturity sum amount is equal to basic sum assured + reversionary bonus + terminal bonus if any.

Tax benefit
According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

SBI life smart Money planner

Eligibility condition for the SBI Life smart money planner.

  • The entry age for this policy is different with different plan:-

For plan 1
Minimum entry age is 18 years and maximum entry age is 60 years

For plan 2
Minimum entry age is 18 years and maximum entry age is 55 years

For plan 3
Minimum entry age is 18 years and maximum entry age is 55 years

For plan 4
Minimum entry age is 18 years and maximum entry age is 60 years

  • The maximum maturity age for this plan is 70 years
  • The minimum sum which can be assured 100000 and the maximum sum which can be assured is Rs.5 crore
  • The premium paying term is different for each plan that is for plan 1 it is 6 years, for plan 2 it is 6 years, for plan 3 it is 10 years, for plan for it is 10 years.
  • The policy term for all the 4 plans 1, 2, 3, 4 are 15 years, 20 years, 20 years and 25 years respectively.
  • The premium can be paid monthly, quarterly, half yearly or annually.

 

Documents required for SBI life smart money planner.

  1. Offline/Online filled application form.
  2. Age proof of policy buyer.
  3. Address proof.
  4. PAN card and Aadhar card for KYC document
  5. Accurate medical history
  6. Medical examination report if required.

Terms related to SBI Life smart money planner.

  • Free look period
    If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.
  • Grace period
    There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.
  • Revival of policy
    If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.
  • Surrender of policy
    Policy can be surrendered or terminated after the completion of 3 years of the policy term. Only after 3 years the policy will be able to get a surrender value.
  • Loan benefit
    There is facility of loan available in this policy that is 90% of the surrender value.
SBI Life Smart Women Advantage

SBI Life Smart Women advantage is a participating individual traditional plan. It provides overall coverage to the women. Such as life insurance, savings as well as critical illness benefit. This plan is made to meet the needs of the women’s when they are actually in the need at the time of pregnancy or at childbirth or many other times. This endowment plan consists of two plans platinum and gold. According to that plans the policyholder can receive the claims and benefits.

Features of LIC Smart Women advantage

  1. SBI Smart Women advantage is a participating traditional endowment plan which is specially designed for womens to provide them live coverage, plus Savings, Plus critical illness benefits
  2. It is a regular premium paying policy that means. The policyholder will have to pay the premium equal to the policy term.
  3. In case of policyholder survives throughout the policy term. Then there is a provision of maturity benefit.
  4. In case of policy holder meet to death within the policy term. Then there is a provision of death benefit.
  5. There is discount on premium available on higher sum assured plans.
  6. The claim is provided as a lump sum or through the monthly installments.

 

Details of plan offered under SBI Life Smart Women advantage

  • Gold plan
    This plan provides life coverage plus savings plus female specific critical illness.
  • Platinum plan
    This plan provides life cover, plus saving plus, female specific critical illness and other critical illness.

SBI Life Smart Women Advantage

Benefits provided under SBI Life smart women advantage

  • Death benefit
    If the policy holder meet to death within the policy term. Then the nominee of the policy holder will get the death benefit. The death benefit provided is sum assured on death + simple reversionary bonus plus additional bonus if any or 105% off all the premium paid before death.
  • Maturity benefit
    If the policyholder survives throughout the policy term. Then the policyholder will get the maturity sum amount. The maturity sum amount is equal to basic sum assured + reversionary bonus + terminal bonus if any.
  • Critical illness benefit
    Critical illness benefit is provided according to the stages of the illness.

    1. In minor stage of critical illness 25% of critical illness sum assured is paid to the policyholder.
    2. In major stage of critical illness 100% of critical illness sum assured is provided less if any previous paid critical illness claim that is paid in past.
    3. In advance stage of critical illness 150% off critical sum a assured is paid to the policyholder. Less if any previous paid critical illness claim that is paid in past.

  • Additional coverage
    There is two additional coverage is provided with Atta additional pregnancy complication and Cogenital anomalies. This covers the risk arising at pregnancy and birth related anomalies in that 20% of basic sum assured is payable.
  • Tax benefit
    According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

Eligibility condition for the SBI Life smart bachat.

  • The minimum age for the entry of this plan is 18 years and the maximum age for the entry of this plan is 50 years
  • The minimum age for the maturity of this plan is 60 years.
  • The policy can be taken for the term of 10 years and 15 years as per the choice of policy holder.
  • The premium paying term is equal to the policy term that is 10 years or 15 years.
  • The premium can be paid monthly, quarterly, half yearly or annually.

Documents required for SBI life Smart Women advantage

  1. Offline/Online filled application form.
  2. Age proof of policy buyer.
  3. Address proof.
  4. PAN card and Aadhar card for KYC document
  5. Accurate medical history
  6. Medical examination report if required.

Terms related to SBI Life smart women advantage

  • Free look period
    If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.
  • Grace period
    There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.
  • Revival of policy
    If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.
  • Surrender of policy
    Policy can be surrendered or terminated after the completion of 3 years of the policy term. Only after 3 years the policy will be able to get a surrender value.
  • Loan benefit
    There is facility of loan available according to this policy plan. Loan available is the 90% of the surrender value of the policy plan.
SBI Life smart money back gold

SBI Life smart money back gold is participating endowment plan which provides life protection to the policyholder as well as savings to meet the requirements of the family. According to this policy the benefits are provided at the various stages of life in which the money is needed most. This policy consists of various plans that makes policy buyer easy to choose according to his needs.


SBI Life smart money back gold

Features of SBI Life smart money back gold

  • It is a non participating traditional endowment plan that means, which provides savings as well as life protection.
  • In case of policyholder survives throughout the policy term. Then there is a provision of maturity benefit.
  • In case of policy holder made to death within the policy term. Then there is a provision of death benefit.
  • There is discount on premium available on higher sum assured plans.
  • The claim is provided as a lump sum or through the installment as per the requirement of the policy holder

 

Benefits provided under SBI Life smart money back gold

  • Death benefit
    If the policy holder meet to death within the policy term. Then the nominee of the policy holder will get the death benefit. The death benefit provided is sum assured on death + simple reversionary bonus plus additional bonus if any or 105% off all the premium paid before death.
  • Maturity benefit
    If the policyholder survives throughout the policy term. Then the policyholder will get the maturity sum amount. The maturity sum amount is equal to basic sum assured + reversionary bonus + terminal bonus if any.
  • Tax benefit
    According to Income Tax Act section 80c. The premium paid under this plan is tax free also according to Section 10 D. The claim received is tax free that means it is going to save your tax on the amount paid as premium.

Eligibility condition for the SBI Life smart money back gold

  1. The minimum entry age for option 1st and 2nd is 15 years and for option 3rd and 4th is 14 years.
  2. The maximum entry age for option 1 and 2 is 55 years for option 3rd is 50 years and for option 4th is 45 years.
  3. The minimum maturity age is 27 years and the maximum maturity age is 70 years
  4. The policy term for option first second third and fourth are 12 years, 15 years, 20 years and 25 years respectively.
  5. The premium paying term is equals to the policy term. That is, if the policy term is 12 years then the policy buyer will have to pay the premium for whole 12 years.
  6. The premium can be paid monthly, quarterly, half yearly or annually.
  7. Minimum sum that can be assured is rupees 75,000/- and there is no upper limit for the sum assured.

Documents required for SBI life smart money back gold

  1. Offline/Online filled application form.
  2. Age proof of policy buyer.
  3. Address proof.
  4. PAN card and Aadhar card for KYC document
  5. Accurate medical history
  6. Medical examination report if required.

Terms related to SBI Life smart money back gold

Additional Riders
Additional Riders are available only for the higher sum assured that is more than 2 lacs, available riders are following:

  1. SBI Life accidental death benefit
  2. SBI Life accidental total and permanent disability
  3. SBI Life Critical Care
  4. SBI Life preferred term

Free look period
If the policy buyer is not satisfied with the policy and it’s terms and condition or anything else . Then within 15 days after receiving the policy documents the policy can be cancelled.

Grace period
There is a provision of grace period for 15 days for the monthly premium payers as late premium and 30 days for other premium payment options as late premium.

Revival of policy
If the premium is not paid within the grace period then the policy get lapsed in this case the policy can be revived within the period of 2 years from the last premium paid.

Surrender of policy
The policy gets a surrender value after completion of certain year of policy paying term after that the policy gets eligible for surrender or termination.

Loan benefit
There is no provision of loan according to this policy plan.

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