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INSURANCE Assignment

SBI Life is one of India's leading life insurance companies and offers a variety of insurance policies like SBI Life - Saral Pension and SBI Life - Smart Champ Insurance. SBI Life - Saral Pension is a pension plan that allows customers to save for retirement through regular bonuses and premiums starting from Rs. 7,500 annually. SBI Life - Smart Champ Insurance is a traditional child insurance plan that secures funds for a child's education with premiums starting from Rs. 6,000 annually and payouts based on the child's age.

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78 views2 pages

INSURANCE Assignment

SBI Life is one of India's leading life insurance companies and offers a variety of insurance policies like SBI Life - Saral Pension and SBI Life - Smart Champ Insurance. SBI Life - Saral Pension is a pension plan that allows customers to save for retirement through regular bonuses and premiums starting from Rs. 7,500 annually. SBI Life - Smart Champ Insurance is a traditional child insurance plan that secures funds for a child's education with premiums starting from Rs. 6,000 annually and payouts based on the child's age.

Uploaded by

Jemila Satchi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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INSURANCE

Insurance sector has shown tremendous growth in the recent years. In the future as well, it is
expected to progress at a high scale. Earlier, only two Insurance companies were there in India
– Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC).
Now, this sector has 24 Life Insurance and 24 General Insurance companies which offer various
innovative products keeping in mind the different needs of people. Most of these companies
have entered the market in collaboration with International firms.

These companies have come up with a bundle of policies which have their own pros and cons.
Every investor has his/her own needs, risk appetite, future goals and budget. As per these
factors, a plan useless for one can be the best for another.

We are providing you with the list of General & Life Insurance companies
based on their policy fees, overall expert ratings, complaint ratings, financial strength, credit
ratings and more such factors.

SBI Life is one of the leading Life Insurance companies in India. We are a joint venture between
India’s largest bank State Bank of India and the leading global insurance company BNP Paribas
Cardif.

Schemes :

1. SBI Life - saral pension :

Save enough to secure the golden years of your life. Make sure your future is as comfortable as
your present with the SBI Life – Saral Pension. Through regular bonuses, you can now meet
your post-retirement financial needs conveniently.

Key Features:

Annual Premium Range: 7,500 onwards

Entry Age:

18 years

Key Benefits:
 Build retirement corpus
 Regular simple reversionary bonuses

Tax Benefit:

 Tax benefits are as per Income Tax Laws & are subject to change from time to
time.Please consult your Tax advisor for details.
 You are eligible for Income Tax benefits/exemptions as per the applicable income
tax laws in India, which are subject to change from time to time. You may visit our
website for further details here. Please consult your tax advisor for details.
 Premium range may vary based on frequency of premium payment and / or
premium type selected. Premiums are subject to underwriting.

2. SBI life Smart champ insurance :

SBI Life - Smart Champ Insurance, a traditional participating child insurance plan, helps in
securing your child's educational needs.Key Features

Annual Premium Range: 6,000 onwards

Entry Age:

Child : 0 years

Proposer: 21 years

Key Benefits :

 Payouts based on your child's age


 Premium waiver benefit

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