Table of Contents
What is the benefit of SBI Life Smart Wealth Builder?
SBI Life Smart Wealth Builder is a unit-linked insurance plan which offers some guaranteed additions at various points in your policy term. Your nominee will get the Sum Assured or Fund Value, whichever is higher as Death Benefit. On Maturity, you will get the Fund Value as a lumpsum amount.
How is surrender value of SBI Life Smart Wealth Builder calculated?
3,00,000 and a policy term of 10 years and PPT of 5 years. His Annual Premium was Rs. 56,331 + taxes….Surrender Value Factors for the premiums paid.
| Surrender Year | Policy Term (years) | |
|---|---|---|
| 3 | 40\% | 30\% |
| 4 – 7 | 50\% | 50\% |
| 8 – 10 | 55\% | 55\% |
| 11 – 15 | 60\% | 60\% |
How can I surrender SBI Smart Wealth Builder policy?
Surrender Policy: Reason(s) for policy surrender and the surrender form needs to be submitted at the nearest SBI Life Insurance branch, along with the following documents: Original policy documents. Canceled cheque with the policyholder’s name on it.
What is SBI Smart Wealth Builder?
SBI Life Smart Wealth Builder is a non-participating Unit Linked Insurance Plan which aims to provide for every requirement of the policyholder through wealth maximization. Best Investment Plans. Guaranteed Tax Savings. Under sec 80C & 10(10D) ₹ 2 Crore.
Which is the best plan in SBI Life insurance?
SBI Life Insurance Plans in India
| SBI Insurance Plans | Plan Type | Entry Age |
|---|---|---|
| SBI Life – Smart Humsafar | Traditional Joint Life Insurance Plan | 18 – 46 years |
| SBI Life – CSC Saral Sanchay | Traditional Non-Participating Endowment Plan | 18 – 55/60 years |
| SBI Life – Smart Power | Non-Participating Unit Linked Insurance Plan | 18 – 45 years |
How good is SBI Life?
Policy coverage and claims are good. The sbi life provided me the best traditional insurance policy in very low premiums. The investment is low but the paybacks are high. Coverage is good and claims can be cleared easily by taking executives and staff members services.