SBI Life Smart Money Back

Recommendations :No

Name of the policy :
SBI Life Smart Money Back

A brief desciption :

Though coming from one of the biggest life insurance providers SBI Life Smart Money Back Policy is certainly not a smart money back plan. Just like other plans it provides periodic cash backs at regular intervals and a life cover. However as far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. To ensure an appropriate life cover for the dependants, invest in a suitable term-plan instead.

Started date :22/7/2011
Type of policy :Insurance cum investment
Category :Traditional- Endowment Money Back Plan
Insurance :Min- 75,000 Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :14-50/58 Years Depending upon the plan choosen
Minimum amount :Min- 4500 Max- No limit

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