Sunday, January 23, 2011

SBI INSURANCE PLANS...


SBI Life Insurance launches new ULIP product - Saral Maha Anand

MUMBAI: SBI Life Insurance on Monday said that it has launched a new unit-linked insurance plan (ULIP) called Saral Maha Anand. 

This is the third ULIP product launched by the insurer since the introduction of the new ULIP norms by the insurance sector regulator, IRDA, last month. 

SBI Life had earlier launched two products -- Smart Performer and Unit Plus Super. 

Saral Maha Anand , its new ULIP product, is available at an affordable yearly premium starting from Rs 15,000 onwards and the product has been designed to cater to investment and protection needs of the middle-and-low-income segments, a press release issued in Mumbai stated. 

The product is exempted from medical-examination. SBI Life Insurance's managing director & CEO, MN Rao, said, "the product offers simplicity and affordability so that a larger section of society can participate and benefit by systematically investing over a long-term horizon."

Monday, December 20, 2010

SCHOLAR - SUM ASSURED 1 LAC...

Scholar

 ABCDEFGHIJ
1 SBI Life - Scholar II.        
2          
3 Name of the Proposer   Risk CoverS A (Rs.)Prem.Term(Yrs) 
4 Date of Birth of Proposer DD/MM/YY6/14/63 Basic S A10000011 
5 Gender of the Proposer Female Accident Rider10000011 
6 Name of the Child   Critical Illness 0 
7 Date of Birth  of Child DD/MM/YY5/27/03 Premium Waiver10000011 
8 Mode of Payment  Yearly Premium Payment (Yrs) 11 
9 Age of the Proposer  47 Proposer's Life Covered (Yrs) 14 
10 Age of the Child  7     
11      1st Cheque to be preapred  for: 10679.00 
12 Risk Covered Features Age at MaturityAmountPolicy Term   PremiumPremium   -   per '000  
13 Basic Sum Assured 61100000149989.57108.49  
14 Accident   Rider  10000014100.001.00  
15 Critical Illness Rider  000.000.00  
16 Premium Waiver Rider  10000014480.0048.00  
17 Service Tax @ 1.03%   109.00   
18 TotalPremium payable perYear10679.00   
19          
20 Total Bonus @5% (For illustrative purpose only - Not Guaranteed)      
21 Illustration of Maturity Values 
22 Term (Years)YearProposer's AgeChild's AgeMaturity Value CalculationAmount 
23 Basic SAVested BonusMaturity ValueReceivable 
24 Zero2010477000  
25 1201148810000050001050000 
26 2201249910000050001050000 
27 32013501010000050001050000 
28 42014511110000050001050000 
29 52015521210000050001050000 
30 62016531310000050001050000 
31 72017541410000050001050000 
32 82018551510000050001050000 
33 92019561610000050001050000 
34 102020571710000050001050000 
35 1120215818100000500010500025000 
36 1220225919100000500010500025000 
37 1320236020100000500010500025000 
38 1420246121100000500010500025000 
39 00000000 
40 00000000 
41 00000000 
42 00000000 
43 00000000 
44 00000000 
45 00000000 
46          
47 Non Gauranteed Vested Bonus payabe at the end of the term of the policy at :    5.00% 70000 
48        170000 
49          
50 Total Bonus @ 5% returns is Rs. 70000, which would be paid along with the last instalment of Rs. 25000 in the year  2024        
51          
52          
53          
54 Product Features        
55 A life insurance policy (endowment product) that secures the childs's future. No matter what.        
56 The policy provides risk cover for the parent plus provision for educational / marriage requirements of the child.        
57 Option of 3 Riders - Accident & Accident TPD, Premium Waiver benefit and Critical Illness.        
58 The proposer's life is covered till the last instalment of repayment is made and not just till the last premium payment year.        
59 Tax Free Maturity Benefit for regular premium mode. Tax benefit u/s 88 of IT Act.        
60 An amount equal to SA woule be paid to the life assured in four equal instalments when child completes 18/19/20/21 years of age        
61 The vested bonus would be paid to the life assured alsong with the last instalment of SA        
62 Special rebate for female proposers as well as on premium payment mode and high value sum assured        
63 Death Benefits -  The nominee would be paid Sum Assured (SA) along with the vested bonus upto the date of death. All future        
64                           premiums waived. In addition to the above, 25% of the SA on the policy Anniversary after the beneficiary child        
65                           completes 18/19/20/21 years of age        
66          
67 Aforesaid figures are only indicate & subject to Financial Market Conditions. SBI Life Insurance Co. Ltd. reserves its rights to change        
68 the same without any prior intimation to proposer, benificiery child / ward, appointee or whoever is concerned with the proposal in        
69 whatsoever manner.        
70      

NAME OF THE PLAN - SUDHARSHAN --SUM ASSURED RS.2.40 LACS

Sudharshan

 ABCDEFGHIJ
1 SBI Life - Sudarshan.        
2          
3 Name of the ProposerK.Boopathi  Risk CoverS A (Rs.)Term (Yrs)
4 Date of BirthDD/MM/YY6/5/79  Basic S A24000015
5 Age 31  Accident Rider24000015
6 Gender Male  Term Assurance 0
7 Mode of Payment Monthly  Critical Illness 0
8      1st Cheque to be Collected for: Plan A3918.00
9        Plan B5985.00
10 Risk Covered FeaturesAge at MaturityAmountPolicy Term   Premium - Plan APremium - Plan BPremium Plan A - per '000Premium Plan B - per '000
11 Basic Sum Assured46240000151272.001953.605.478.14
12 Accident Rider 2400001520.0020.001.001.00
13 Term Assurance 000.000.000.000.00
14 Critical Illness 000.000.000.000.00
15 Service Tax @ 1.03%   14.0021.00  
16 TotalPremium payable perMonth1306.001995.00  
17          
18          
19 Vested Bonus @ 3% (For illustrative purpose only - Not Guaranteed)     
20 Illustration of Maturity Values
21 Term (Years)YearProposer's AgePlan APlan B
22 Basic SAVested BonusMaturity ValueIncreasing SAVested BonusMaturity Value
23 Zero201031000000
24 120113224000072002472002520007560259560
25 220123324000072002544002640007920279480
26 320133424000072002616002760008280299760
27 420143524000072002688002880008640320400
28 520153624000072002760003000009000341400
29 620163724000072002832003120009360362760
30 720173824000072002904003240009720384480
31 8201839240000720029760033600010080406560
32 9201940240000720030480034800010440429000
33 10202041240000720031200036000010800451800
34 11202142240000720031920037200011160474960
35 12202243240000720032640038400011520498480
36 13202344240000720033360039600011880522360
37 14202445240000720034080040800012240546600
38 15202546240000720034800042000012600571200
39 000000000
40 000000000
41 000000000
42 000000000
43 000000000
44 000000000
45 000000000
46 000000000
47 000000000
48 000000000
49 000000000
50 000000000
51 000000000
52 000000000
53 000000000
54 Guaranteed Survival Benifit (Sum Assured) at the end of the policy:    240000  420000
55 Non Guaranteed Vested Bonus @  3% 108000  151200
56          
57 Product Features        
58 An Endowment policy with guaranteed increasing cover @ 5% (Plan B) with flat premium with flexible choice of SA, duration and riders        
59 Option of 3 Riders + Accident & Accident TPD / Term Assurance / Critical Illness        
60 Tax Free Maturity Benefit for regular premium mode. Tax benefit u/s 88 of IT Act. Tax benefit u/s 80D for Critical illness premium paid.        
61 Special rebate for female proposers as well as on premium payment mode and high value sum assured        
62 Vested Bonus would be calculated on Basic SA for Plan A and Increasing Sum Assured on Plan B        
63 Death Benefits - Plan A - The nominee would be paid Sum Assured (SA) along with the vested bonus upto the date of death        
64                       - Plan B - The nominee would be paid Basic SA increased by guaranteed bonus at simple rate on each policy year till date        
65                                       of death plus accrued bonus if any.        
66          
67 Aforesaid figures are only indicate & subject to Financial Market Conditions. SBI Life Insurance Co. Ltd. reserves its rights to change the        
68 same without any prior intimation to proposer, benificiery child / ward, appointee or whoever is concerned with the proposal in        
69 whatsoever manner.        
70