SBI Shubh Nivesh plan review

Hi buddy, I want to invest in Shubh Nivesh plan of SBI Life Insurance, is it my right decision? I want your review about Shubh Nivesh plan, so will you give me your review, so that I can take decision about it?

Review of SBI Shubh Nivesh plan:

SBI Shubh Nivesh Plan has 3 benefits which are as follows:

Savings
Income
Protection
Shubh Nivesh is insurance cum savings plan of SBI Life. The benefit of SBI Shubh Nivesh plan is it is much flexible for withdrawal after maturity.

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Answered By StudyChaCha Member

I am looking to get information about the SBI Life - Shubh Nivesh Plan. So will you provide me information about the SBI Life - Shubh Nivesh plan?

As you want to get information about the SBI Life - Shubh Nivesh Plan, so here I am providing the following information about the SBI Life - Shubh Nivesh Plan:

SBI Life - Shubh Nivesh Plan

Shubh Nivesh at a Glance:

Age for Entry
18 Years

Max.: Endowment Option:
RP - 58 years
SP - 60 years
Endowment with Whole Life option - 50 years

Maximum Age* at Maturity
65 years, which increases to 100 years if the Endowment with Whole Life option is taken

Sum Assured
Min: Rs.75,000 (x 1,000/-)
Max: No Limit

Policy Term
Min.: Endowment Option
7 (RP) / 5 (SP) years
Endowment with Whole life option
15 (RP) / 15 (SP) years

Max.: 30 years (Endowment Term)

Premium Frequency
Single Premium / Yearly / Half-yearly / Quarterly / Monthly#

Premium Paying Term
Same as policy term

Premium Frequency Loading
Half-Yearly: 52% of annual premium
Quarterly: 26.5% of annual premium
Monthly: 8.9% of annual premium

Premium
Min. Max.
Single Premium: Based on the No Limit
minimum Sum Assured
Yearly: Rs.6,000 No Limit
Half yearly: Rs. 3,000 No Limit
Quarterly: Rs. 1500 No Limit
Monthly: Rs. 500 No Limit

Benefits

Maturity Benefit
Endowment Option
Endowment with Whole Life Option

Death Benefit:
Endowment Option
Endowment with Whole Life Option

Other Benefits
Deferred Maturity Payment Option
Tax Benefits

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Answered By StudyChaCha Member