SBI Life Money Back Plan

I need the complete information about the money back plan of the state bank of India. So can you give some information about money back plan of the bank?

[Shaleen]

SBI Life – Money Back is a traditional participating savings plan with cash inflow at regular intervals and also provide advantage of life cover . In order to meet your various financial obligations , it gives you a wide range of terms options with regular payments of Guaranteed Survival benefits. Its key features are
It has guaranteed cash inflows which can fulfill your several financial needs.it has also many money back options specially fitted to your requiremets .in addition to normal death cover, the plan also gives you four additional covers.
There are 2 Benefits provided by a Sbi Life Money Back Plan:
1 Death Benefit
2 Tax Benefit

Hello sir, I am Surinder. I am from Ambala. I want you to help me by providing me information regarding the SBI Life - Smart Money Back Gold plan. Give details about it.

[Shaleen]

As you have asked about the SBI Life Smart Money back gold plan, check
below for the information

SBI Life - Smart Money Back Gold is a savings plan with added benefit of life
cover and cash inflow at steady intervals.

It is a participating traditional money back insurance plan, meeting the
various financial responsibilities at crucial junctures through its wide range of
policy terms.

In the unlucky event of death at any time within the Policy Term, your
nominee would receive the full Sum Assured plus Simple Reversionary Bonus
& Terminal Bonus (if any), irrespective of Survival Benefits already paid.



Key Features:



Money Back options specially tailored to suit your requirements

Fixed cash inflows which can meet your various financial obligations

Survival Benefit of 110% of Sum Assured paid till maturity

Rebates on Large Sum Assured



Benefits:

On Survival:

Before Maturity: The survival benefit instalments expressed as a fixed

percentage of Basic Sum Assured payable at the end of specified intervals
during the policy term


At Maturity:

Final survival benefits instalment + Vested Simple Reversionary Bonus +
Terminal Bonus, if any.

On Death:

In the unfortunate event of death during the term of the plan, provided
the policy is in-force:



Higher of A or B is paid to the nominee, where:

A = Sum Assured on death + Vested Simple Reversionary Bonuses +
Terminal bonus, if any