5 min read
Updated on Nov 01, 2022
Life insurance – a financial product we cannot afford to take a chance with, for it is the most vital financial asset for any individual. After all, it is what would secure the future of our family and loved ones when we won’t be around to provide for them. It’s only natural that if we want the best for our family, we’d want the best life insurance policy. You can easily count on SBI term insurance for all your family’s future financial needs because SBI is clearly one of the best insurance companies in the country today.
Formed as a joint venture of the State Bank of India (SBI), a public sector bank, and BNP Paribas Cardif, a renowned global name in creditor insurance, SBI Life Insurance offers a variety of products to suit individual needs. In this blog we discuss the 5 best SBI investment plans for 5 years that are worth every penny.
As stated earlier, SBI Life Insurance is the result of a joint partnership between the public sector institution, the SBI, and BNP Paribas Cardif. The company has earned a name in the insurance market over the years for offering one of the best insurance products that one can think of. Some of them are in the life insurance category, while some are in car insurance. SBI term insurance is definitely the most popular product of the insurance company. The savings and investment plans, child plans, retirement plans for senior citizens, and the like, are equally in demand by the general public.
While SBI has a host of insurance and other financial products in its offering, here are some of its top 5 life insurance plans that are worth investing in this year. We list here the key features of each plan along with other policy details to help you make an informed purchase.
In addition, bonuses are also offered to the policyholder as part of the plan. Those who choose a high sum assured under the policy are also offered rebates by the insurance company. As far as payment of premium under the plan is concerned, policyholders are given the option to pay it either as a single-time lump sum amount or for a specific limited period of the term of the policy.
For a better understanding on the various SBI plans, take a look at the table below that enlists SBI Life Insurance 5 years’ plan details:
|Name of the Plan||Type of Plan||Eligibility Criteria|
|SBI Life – CSC Saral Sanchay||Variable Insurance Plan||18-60 years (10-year policy); 18-55 years (15-year policy)|
|Max maturity age at 70 years|
|SBI Life – Smart Humsafar||Endowment Plan||18-46 years; max maturity age at 65 years|
|SBI Life – Smart Power||ULIP Plan||18-45 years; max maturity age at 65 years|
|SBI Life – eShield Plan||Term Insurance Plan||18-65 years; max maturity age at 70 years|
|SBI Life – Smart Money Planner Plan||Endowment Plan||18-60 years; max maturity age at 75 years|
In this blog, we looked in detail at the 5 best life insurance plans by SBI, mentioning in detail their key features. In order to know more about SBI life insurance 5 years’ plan interest rate or premium payable, check out PayBima for the latest updates on all life insurance plans offered by the State Bank of India. After buying the plan, make sure to be regular with the SBI life insurance policy payment to continue enjoying its benefits for a lifetime.
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
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