SBI Life Smart Income Protect

Recommendations :No

Name of the policy :
SBI Life Smart Income Protect

A brief desciption :

SBI Life Smart Income Protect is a traditional plan offering "guaranteed returns". This policy comes with a limited premium payment term, after which the payout period commences. The annual payouts will start once your chosen period comes to an end. This amount, 11% of the sum assured or the paid up sum assured, will be paid out over a period of 15 years. In addition, bonuses, if any, announced in the interim will be handed over to the policyholder as a lump-sum at maturity. However like all other endowment plans, this one also lacks a transparent charge structure; and policyholders do not get a clear picture of their premium amount actually invested.

Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :Min- 1 lakh Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :8-60 Years

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