What is SBI Smart money Back Gold?
What is SBI Smart money Back Gold?
SBI Life Smart Money Back Gold is a non-linked, participating life insurance savings plan. It offers an added advantage of life cover and cash inflow at regular intervals to deal with your financial requirements at important stages of life.
How does SBI refund policy work?
In the SBI Money Back policy for 12 years, the premium has to be paid throughout the policy term and there are money-back options at specific intervals. When the tenure of the money-back policy is for 12 years, then, At the end of 4 years of the policy term, 20% of the sum assured is paid as survival benefit.
Is SBI Smart Scholar good?
In the event of the death of the life assured, a lump sum benefit equal to higher of sum assured or 105% of the premiums paid till death….Key Features of SBI Life – Smart Scholar.
| Type of Fund | Risk Profile |
|---|---|
| Growth Fund | Medium to high |
| Balanced Fund | Medium |
| Bond Fund | Low to medium |
| Money Market Fund | Low |
Can I surrender SBI Life money back policy?
Surrender Policy: Reason(s) for policy surrender and the surrender form needs to be submitted at the nearest SBI Life Insurance branch, along with the following documents: Original policy documents. Canceled cheque with the policyholder’s name on it. Policy surrender or cancellation form.
What is the benefit of SBI money back policy?
The total premiums paid means tatal of all premiums recived,excluding any extra premiums and taxes. Basic Sum assured is the absolute amount of benefit, which is guaranteed to become payable on maturity and as chosen by the policyholder at the inception of the policy.
How can I return my SBI life insurance policy?
To surrender your policy, please visit the nearest SBI Life Branch and submit the duly filled Surrender Request Form.
Can we cancel SBI life insurance policy?
Your request for cancellation of the policy under the free look option must reach your nearest SBI Life Office within a period of 15 days or 30 days, as the case may be, as mentioned above.
Do we get our insurance money back?
In case of policy cancellation within 3 months after completion of the free-look period, 50% of the premium amount will be refunded to the policyholder. In case of policy cancellation within 6 months after completion of the free-look period, 25% of the premium amount will be refunded to the policyholder.
Which is the best money back plan in SBI?
SBI Life Smart Money Back Gold is a participating traditional money-back insurance plan. The plan offers a life cover as well as periodic income for the insured. It is reliable for providing money at regular intervals and at crucial points in life. Let’s understand this plan in brief before getting into its details:
How does SBI Life smart money back gold work?
* T&C Applied. Returns guaranteed by the Insurer as per the Insurance Plans. SBI Life Smart Money Back Gold is a participating Money Back Plan which provides lump sum amount at regular intervals thereby meeting cash requirements at various stages of life. It also provides comprehensive coverage for protection purposes
Which is the best smart money back plan?
Smart Money Back Insurance is a savings plan which offers added advantage of life cover and cash inflow at regular intervals. It is a traditional, participating, money back plan, which helps you achieve your various financial obligations at crucial junctures by its wide range of policy terms.
How is terminal bonus paid in SBI money back policy?
All Accrued Simple Reversionary Bonus, if declared will be paid along with the last Moneyback payout at maturity, which will be the total amount of bonus accrued under the policy during the entire term. The bonus will apply to the basic sum assured. Terminal Bonus (if any) will also be paid along with the last Moneyback payout.