Skip to main content

SBI Life launches products with low premium traditional plan - Saral Life, Smart Scholar, Smart Elite

SBI Life has launched Saral Life, Smart Scholar, Smart Elite

Beefing up its existing product range further, SBI Life has launched a series of products that include low premium traditional plan – Saral Life, Child ULIP - Smart Scholar and HNI-targeted – Smart Elite. Addressing the needs of multiple customer segments, product range is designed keeping in mind life stage needs and varied risk profiles.

 

M. N Rao, MD & CEO, SBI Life Insurance said 'The new range further enables to serve customers from diverse profiles along the dimensions of income, life stage needs and risk. In line with our need-based approach, we will continue to intensify our range of offerings so as to allow our customers to opt for solutions that best meet their needs'.

 

Catering to the savings and protection needs of mid-income segment, Saral Life – a traditional endowment plan is available at an affordable yearly premium starting from around Rs. 4,000. Facilitating quick issuance of the policy, the product is exempted from medical-examination. Customer can opt to pay premiums yearly, half yearly, quarterly or monthly mode.

 

A flexible Child Insurance ULIP, Smart Scholar allows to provide for child's future needs like higher education, marriage and financial security. Customers can choose from a range of nine funds available, including an attractive option of innovative P/E Managed fund. Guaranteed loyalty additions during every third year is one of the most unique features of the product.

 

The in-built feature of the Premium Waiver Benefit, ensures the premium continue to be paid by the company incase of an unfortunate event met by the premium payor, parent. Convenient Partial withdrawals to meet unplanned expenses, Switching options, Premium redirection and Accident Benefit are the other key features of this plan.

 

Catering to the investment and life insurance needs of HNI segment, Smart Elite offers policyholders the flexibility of pay single premium or premiums for limited terms, however, allowing them to stay invested and protected for a long term.  Excellent allocation charge, zero premium allocation charge from 6th policy year onwards enhancing the fund value, benefit of Accidental Death and Accidental Total and Permanent Disability riders are other attractive features of the plan. Premium redirection, Partial Withdrawals and Switching option are the other key features of this plan.

 

In line with its strategy of offering simple and differentiated products offering, earlier in the month of September, the company launched a series of ULIPs, in compliant with IRDA guidelines, namely Saral MahaAnand – no medical ULIP, Smart Performer - NAV Guarantee ULIP and Unit Plus Super – flexible ULIP. Further, during the same period, SBI Life introduced two pure protection plans, Saral Shield and Smart Shield. In the latest Outlook Money, Best ULIPS 2010 report, SBI Life's equity fund, available in Smart Performer and Unit Plus Super, was ranked highest performing fund in the "since inception' category, SBI Life, with the latest additions, has now a complete bouquet of products, catering to all customer segments

Popular posts from this blog

ULIP Review: ProGrowth Super II

  If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades     HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...

IDFC - Long term infrastructure bonds - Tranche 2

IDFC - Long term infrastructure bonds What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (" Income Tax Act ") to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC IDFC issued an earlier tranche of these long term infrastructure bonds on November 12, 2010. This is the second public issue of long-te...

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...

Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund Tata Mutual Fund has decided to merge Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund, with effect from January 16, 2015.   Investors of Tata Indo-Global Infrastructure Fund can redeem/ switch out units from December 13, 2014 to January 12, 2015 without paying any exit load. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund A...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now