SBI LIFE INSURANCE FOR SENIOR CITIZENS is a contract between the policyholder and SBI Life Insurance Company that provides financial protection and security against various risks and uncertainties. In exchange for a premium payment, Set UP your Own Yono Sbi Net Banking Account Using the Yono The policyholder Receives a sum assured or benefit, which is payable on the occurrence of a Specified event, such as death, disability, or critical illness. SBI LIFE INSURANCE FOR SENIOR CITIZENS 2024.
SBI Home Loan Interest Certificate Online. SBI Life Insurance offers various types of policies, including term insurance plans, endowment plans, ULIPs (Unit Linked Insurance Plans), pension plans, and child plans, among others. Each type of policy has its own features and benefits, and the policyholder can choose the policy that best suits their needs and requirements.
Financial Protection: SBI Life Insurance Policy provides financial protection to the policyholder and their family against various risks and uncertainties, such as death, disability, and critical illness.
Flexibility: The policyholder has the Flexibility to Choose the type of policy, premium payment frequency, sum assured, and other features according to their needs and requirements.
Tax Benefits: The premium paid towards the SBI Life Insurance Policy is Eligible for Tax Benefits under Section 80C of the Income Tax Act, 1961.
Guaranteed Benefits: Some SBI Life Insurance Policies come with guaranteed benefits, such as guaranteed maturity benefit or Death Benefit, Providing a Sense of Security to the policyholder. SBI Yono App Download
SBI LIFE INSURANCE FOR SENIOR CITIZENS
SBI Life Insurance offers a Range of insurance policies for Senior citizens. These policies are designed to provide financial security and protection to individuals above the age of 60.
Some of the popular SBI Life Insurance policies for Senior citizens are:
SBI Life –Saral Pension:This is a Non-participating, non-linked, individual, pure pension plan that provides a Regular income to the policyholder After Retirement Age Period.
SBI Life – Annuity Plus: This is a non-participating, non-linked, individual annuity plan that provides regular income to the Policyholder after Retirement Age Period.
SBI Life – Smart Pension: This is a Non-Participating, unit-linked pension plan that provides market-linked Returns Along with life insurance coverage.
SBI Life – Retirement Benefit Plan:This is a Non-Participating, Non-linked, individual Pension Plan that Provides Regular income to the policyholder After Retirement Age Period.
SBI ATM Services Available It is advisable to consult a financial advisor or an SBI Life Insurance agent to choose the best policy according to your Needs and Requirements.
INSURANCE PLANS TO KICK START YOUR FINANCIAL ACADEMIC PLANNING
Start Early For Significant Savings
Get Automatic Discipline In Savings
Use Age To Your Advantage In Wealth Creation
Enjoy Tax benefits
Secure Your Parents Future
Start Early For Significant Savings
When you are young and do not have the Responsibility of Caring for a family, purchasing a life insurance policy may seem insignificant. However, purchasing life insurance when you are young has numerous advantages. When you are young and healthy, you will benefit from life insurance with a low premium. SBI HRMS Login – Salary Slip / Pension Details Download By starting early, you can save a lot of money on premiums in the long run.
Get Automatic Discipline In Savings
You commit to a disciplined saving habit when you commit to an insurance savings plan. A disciplined saving habit will assist you in meeting multiple financial goals over the course of your life.
Use Age To Your Advantage In Wealth Creation
Life insurance plans can Help you Meet Multiple Financial Goals while also providing Financial Protection through life insurance. You Should Choose an investment option offered in life insurance Plans that meets your Specific investment Needs based on your Risk Tolerance.
Protect Your Parents’ Future
If Something were to Happen to you, your Parents and Dependents would be Taken Care of. In the Event of your untimely Death, your life Insurance will Enable your Parents to Deal with Any Debt you May Have, Such as a Student Loan, Vehicle Loan, or Home Loan.
SBI LIFE INSURANCE FOR SENIOR CITIZENS BENIFITS
SBI Life Insurance offers various benefits to senior citizens, including:Overall, SBI Life Insurance Policies for senior citizens offer various benefits that help in securing their future and providing them with financial protection and security. It is advisable to consult a financial advisor or an SBI Life Insurance agent to choose the best policyaccording to their needs and requirements. SBI Overdraft Loan Salary Package Information & Application for SBI .
Financial Protection:SBI Life Insurance provides financial protection to senior citizens against various risks and uncertainties, such as death, disability, and critical illness. This helps in securing their future and that of their loved ones.
Regular Income: SBI Life Insurance Policies for senior citizens provide a Regular income, either in the form of Annuity or pension, which helps in meeting their Daily Expenses and Maintaining Their lifestyle.
Tax Benefits: The premium paid towards the SBI Life Insurance Policy for senior citizens is Eligible for Tax Benefits Under Section 80C of the Income Tax Act, 1961.
Guaranteed Benefits:Some SBI Life Insurance Policies for senior citizens come with guaranteed benefits, such as guaranteed maturity benefit or death benefit, providing a sense of security to the policyholder.
No Medical Tests: SBI Life Insurance Policies for senior citizens usually Do Not Require Any Medical Tests, making it easier for them to purchase the policy.
Easy Application: SBI Life Insurance Policies for Senior Citizens Can Be Easily Applied For Online or through an SBI Life Insurance agent, making it convenient for them to purchase the policy.
Plan
Policy Term
Eligibility
Maturity Benefit
Death Benefit
SBI Life – Smart Bachat
10 years to 25 years
8 years to 50 years
Sum assured + Maturity bonus + Terminal Bonus (if any)
Sum assured + Maturity bonus + Terminal Bonus (if any)
105% of total premiums paid (as per policy option)
SBI Life – Shubh Nivesh
5 years to 30 years
18 years to 60 years
As per policy option
As per policy option
SBI Life – Flexi Smart Plus
5 years to 30 years
18 years to 60 years
Policy account value and terminal bonus (if any)
As per policy option and policy term
SBI Life – CSC Saral Sanchay
10 years or 15 years
18 years to 60 years
Sum of all premiums paid, or balance in IPA, whichever is highest
Sum assured or 105% of premium paid, whichever is highest
SBI Life – Smart Guaranteed Savings Plan
15 years
18 years to 50 years
Sum assured + accrued bonuses (if any)
Sum assured + accrued bonuses (if any)
SBI Life – Smart Humsafar
10 years to 30 years
18 years to 46 years
Sum assured + Maturity bonus (if any)
Depends on age of entry and age of death (includes sum assured and other bonuses)
SBI Life – Smart Money Back Gold
12 years/15 years/20 years/25 years
14 years to 55 years
Sum assured at maturity
Sum assured on death + Maturity bonus + terminal bonus
105% of premiums paid
SBI Life – Smart Money Planner
15 years/20 years/25 years
18 years to 60 years
Sum assured on maturity + Maturity Bonus + Terminal Bonus (if any)
Sum assured on maturity + Maturity bonus + terminal bonus (if any)
105% of premiums paid
SBI Life – Smart Women Advantage
10 years/15 years
18 years to 50 years
Sum assured on maturity + Maturity Bonus + Terminal Bonus (if any)
Sum assured or 105% of total premium paid (whichever is higher)
Different Types of Life Insurance Policies Offered by SBI Life
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How to Check SBI Life Policy Status
Online: You can check the policy status by logging in to the SBI Life Insurance website using your policy number and Date of Birth. Once logged in, you can view Details Such as policy status, premium due dates, and policy benefits.
Mobile App: You can also Check the Policy Status Through The SBI Life Insurance mobile app. Simply Download the App, log in using your policy number and date of birth, and you can view the policy status and other details.
Customer Care: You can call the SBI Life Insurance customer care number at 1800-22-9090 and provide your policy number and other details to get the policy status.
SMS: You can send an SMS to 56161 or 9250001848 in the prescribed format to get the policy status.
