Whole Life policy with insurance protection cum saving plan.
Best Suited For
People seeking insurance protection cum saving plan.
Features
1)It offers two investment fund option; With Profit Fund & Unit Linked Fund or flexibility to invest in both options through a combination of two policies.
2)The Policy can be taken on single life as well as on joint life (with spouse only)
3) Option to make additional lump sum investments through additional single premiums apart regular premiums.
4)Riders offered are Accidentental Death & Dismemberment & Critical Illness & permanent total Disability.
Benifits
Maturity Benefits
Full sum assured plus accrued bonus is generally payable only to the nominee only on death of policy holder or surrender in case of a with profits policy.
Survival Benefits
Not Applicable.
Death Benefits
(Natural)
Under a life cover option - Life cover sum assured along with the amount in Personal Pension account is paid as lumpsum to the nominee. Nominee can opt for a life long pension from SBI Life.
Under with out life cover option - Amount in Personal Pension account is paid as lumpsum to the nominee. Nominee can opt for a life long pension from SBI Life.
Death Benefits
(Accidentals)
The Accidental Death & Dismemberment Benefit sum assured is paid to the nominee.
