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5 min read
Updated on Jan 17, 2023
You can find several life insurance plans offered by SBI that come with a tenure of 5 years. If you are interested in SBI life insurance 50000 per year, you can even use the online calculator to have an idea of the value that you are getting.
Buying an SBI life insurance policy is the wisest thing that you can do. Here are some of the reasons explaining the same.
Read More: Best 5 SBI Life Insurance Plans
If you are interested in opting for SBI life insurance 50,000 per year plan for 5 years, then here are some of the plans that you can consider.
Names of SBI Life Plans | Plan Type | PT/PPT/SP | Entry Age | Maturity Age |
Retire Smart | Unit Linked Pension | 5 Years | 30 Years | 80 Years |
Shubh Nivesh | Variable Savings | 5 Years | 18 Years | 65 Years |
Smart Platina Assure | Endowment | 6 Years | 3 Years | 75 Years |
Wealth Builder | Unit Linked | 5 Years | 2 Years | 70 Years |
Wealth Assure | Unit Linked | 10 Years | 8 Years | 70 Years |
Grameen Bima | Micro Finance | 5 Years | 18 Years | NA |
Let us know a bit more about these plans.
Planning for retirement is one of the most important things that we should do. You must make plans ahead so that you do not have to be dependent on anyone post-retirement. This is where the SBI Life Retire Smart plan works perfectly.
Highlights of the plan:
It is a non-linked, non-participating, and insurance-saving product and lets you choose a Whole Life Coverage. The benefits can be broken into a regular income stream.
Highlights of the plan:
It is an endowment plan which is non-linked and non-participating. By paying for a limited time, you can get guaranteed returns under this policy.
Highlights of the plan:
It is an individual-linked and non-participating plan that helps the policyholders to plan their retirement and create a wealth corpus accordingly.
Highlights of the plan:
This is a unit-linked plan and targets individuals who want to invest in higher yields through market-linked tools.
Highlights of the plan:
It is a microfinance life insurance policy that is non-linked and non-participating.
Highlights of the plan:
Now, all that you need to do is to choose from the SBI life insurance 50,000 per year plan for 5 years. To check the premium, you need to pay for certain plans, you can even use SBI Life Insurance Calculator.
Know More: Best Ways To Compare & Buy Term Life Insurance Online
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A 5-year-term life insurance policy provides coverage to the insured for five years. It totally depends upon your choice though. Although the Claim Settlement Ratio of LIC is 96.69% and SBLI Life is 93.09%, you can check out and compare the plans of both life insurance providers and then choose accordingly. Some of the best SBI Life insurance policies for 5 years are Retire Smart, Shubh Nivesh, Smart Platina Assure, Wealth Builder, Wealth Assure, and Grameen Bima. SBI Life insurance is absolutely safe. You can get some of the best life insurance policies at the most affordable premiums.FAQs on SBI Life Insurance Plan for 5 Years
What is a 5-year-term life insurance policy?
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What are some of the best SBI Life insurance plans for 5 years?
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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