SBI Life - Saral Life

SBI Life - Saral Life, a traditional, participating endowment plan which helps you to meet any requirement in life and is designed with a difference…a take away insurance especially weaved for you with the threads of Simplicity, Availability & value for your money.

Key Features:
• An unique savings cum insurance cover with easy acceptance.
• Enrolment based on Simplified Questionnaire and Good Health Declaration.
• Instant Processing.
• Flexibility in Coverage - Sum Assured in options of Rs.1 lakh / Rs.2 lakhs / Rs.3 lakhs.
• Customize you coverage period by choosing from 10/15/20/25 years, as per your requirement.
• Tax benefits as per prevailing norms under the Income Tax Act, 1961.


Benefits:

• Maturity Benefit:- On survival of the life assured, till the policy term, the Sum Assured along with the accrued regular bonus and terminal bonus (if any) is payable.
•
Death Benefit:- In case of unfortunate demise of the life assured within the policy term, the Sum Assured along with the accrued regular bonus and terminal bonus (if any) is payable to the nominee.
• Tax Benefits*
•
U/s 80C of the Income Tax Act 1961 on your premiums.

•
U/s 10(10D) of the Income Tax Act 1961 on your maturity / death / surrender proceeds under the policy.



Keywords: SBI Life - Saral Life,Income Tax Act,Maturity Benefit,insurance,Tax Benefits,Death Benefit