As we live in life uncertainties, we face challenges some which change our lives permanently. Sometime feeling like it was fair and blaming it to all the wrong people. But with the change in technology and introduction of new era. We can now limit some happening, insuring and remaining safe though not accepting dangers and misfortune. Is a way to invest for you and your family? Choosing an insurance policy might be challenging but when one establishes the policy they feel it the best way to invest.
Insurance comes with a lot of benefits besides life and misfortune covering. It an investment policy and helps when unexpected. The state bank of India has come up with great insurance policy which will come in handy for both the clients and new users. The bank has introduced different life insurance policies and giving advantages for each policy. SBI has 5 insurance plans which were established in the year 2017.
The plans are unique and favor all citizens. We have some to mention though we will discuss them in this article. SBI has child insurance, pension plans, term insurance plan etc. The bank has life insurance age limit which is 18 years to 65 years. Below we have the 5 insurance plans offered by the SBI bank.
SBI life- shield
The plan is an individual policy which works for the family and securing them at affordable amount. The pure term plan is not equity-linked. The plan is the best investment plan for new members. It has bonus benefits as it caters for accidental, death insurance. The shield plan is the best and has period on 5 to 30 years. It has an age limit of 18 to 70 years and insures for INR 20, 000 which is affordable.
SBI life –smart money planners
Smart planners is an investment plan which has a lot in one basket. The plan is a non-linked endowment and entails three other plans which will attract you to the insurance.
- It acts as saving plan for you and family
- Gives income in the future.
- It is a cover for the whole family.
You can choose from four plans which are attached to the smart planners insurance. They have different payments and policies and are unique each catering for you and whole family. The SBI has a plan here the members can save in order to get the money in future. They give a certain period and when the money matures you receive the interest and other bonuses. The plan has a maximum age of 75 years.
SBI life- smart humsafar plan
The plan focuses on the married couple and the families. They can use it as investment plan and also a protection cover. The cover in joint and has no links to other plans and has a bonus of 2.5% after the first three years. The plan cover death if any of the family member passes with a policy term of 10 years.
SBI life CSC saral sanchay
It is a joint insurance policy with non-equity links. The plan also works as an investment plan and helps in the future of the policy holder and the family. Every year the funds invested gain an interest of 1 % policy holders should be 18 years to 60 years.
SBI life- smart power
It is the easiest plan which has the lowest premiums. The features of the plan change with time, however the plan acts an investment plan too and caters for the family. The cover has two plan namely trigger fund where you buy at a low prices and the prices go high you can sell. The second is the smart fundit has seven option which the policy holder chooses from. The plan has duration of 65 years maturity and takes ages 18 to 45 years and a policy term of 10 to 15 years.