Monday, December 20, 2010

NAME OF THE PLAN - SWADHAN...SUM ASSURED : 20 LACS

Swadhan

 ABCDEFGHIJK
1 SBI Life - Swadhan.         
2           
3 Name of the ProposerMr. Venkatesan  Risk CoverS A (Rs.)Term (Yrs)  
4 Date of BirthDD/MM/YY7/10/68  Basic S A200000010  
5 Age 42       
6 Gender Female       
7 Mode of Payment Yearly 1st Cheque to be Collected for Rs.:  49848.00  
8 Policy Term (Years) 10       
9           
10 Risk Covered FeaturesAge at MaturityAmountPolicy Term   PremiumPremium - per lac    
11 Basic Sum Assured5220000001049339.002616.95    
12 Service Tax @ 1.03%   509.00     
13 TotalPremium payable perYear49848.00     
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16 Guaranteed Maturity Amount at the end of  10 years is Rs. 498480 where as the Life is covered for 10 years for Rs. 20 lacs.         
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19 Product Features         
20 A Term Policy with return of Premium. - Life cover is practically free.         
21 Guaranteed Survival Benefit Payment with upto 100% Total Basic Premium paid refunded.         
22 Policy term is between 5 - 10 years         
23 Survival benefit is based on the term of the policy with 100% of premium refunded for a 10 year policy where as it would be 50% for a         
24 5 year policy, 60% for a 6 year term, 70% for a 7 year term, 80% for a 8 year term and 90% for a 9 year term.         
25 Tax Free Maturity Benefit for regular premium mode. Tax benefit u/s 88 of IT Act.         
26 Special rebate for female proposers as well as on premium payment mode and high value sum assured         
27           
28 Death Benefits - The nominee would be paid Sum Assured (SA)         
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31 Aforesaid figures are only indicate & subject to Financial Market Conditions. SBI Life Insurance Co. Ltd. reserves its rights to change the         
32 same without any prior intimation to proposer, benificiery child / ward, appointee or whoever is concerned with the proposal in         
33 whatsoever manner.         
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