SBI Life Flexi Smart Insurance

Recommendations :No

Name of the policy :
SBI Life Flexi Smart Insurance

A brief desciption :

Unlike the name suggests, SBI Life Flexi Smart Investor is specially targeted to naive investor. The plan provides a guaranteed annual interest rate of 2.5% which is absolutely pathetic. The product offers flexibility of a premium holiday option, facility of increasing or decreasing the sum assured as per the changing needs and an option to top up premium. However the increase or decrease in the sum assured would be followed by and increase or decrease in the mortality rates and certainly the premiums won't be affected.

Started date :26/5/2011
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :Min- 10 x AP Max- 20 x AP
Returns expected :Less than Fixed Deposit
Entry age :8-60 Years
Surrender :The Surrender Value will be paid only after completion of 3 years. There is a 2% charge in the 4th and the 5th year.

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