- Pay for min. 10 yrs or max. 20 yrs
- Get Insurance Cover for 10 times of the amount we pay
- From 6th year if not able to pay can take PREMIUM HOLIDAY upto 3 years i.e., no need to pay, but still there will be insurance cover & bouns (which normally we don't find in other insurance companies including LIC) - can take these 3 yrs at a time or individually.
Ex: Paid for 1 to 5 years, 6 to 8 yrs - for 3 years have taken premium holiday, can pay from 9 yrs onwards. (In
other insurance companies one has to pay for those 3 years also if
they want to continue the plan but will not have insurance cover &
bonus, here in SBI those 3 years are waived)
- Option to enhance your savings in good times through TOP UPs
- If you want from 6th year you can withdraw up to 20% of the Fund Value
- LIQUIDITY
- If you want from 6th year any time you can close the plan and take 100% of the amount without any charges
- LIQUIDITY
- End of the term either take the entire amount at one go
OR Life Long Monthly Pension for you, next for your spouse, next FUND VALUE to children.
- Many more......
SBI Life & LIC plan
