SBI life – Smart women Advantage plan offers – Life Cover, Saving / Investment, Covers Female specific critical illness. Check benefits & Premium of Smart Women Advantage Plan which was launched on international women day (08-Mar-2016)
The plan comes with two basic options – Gold Plan and Platinum Plan.
Maturity Benefit on Survival – Basic Sum Assured* + Vested Simple Reversionary Bonuses + Terminal bonus.
Critical illness Benefit (For In-force policies): Is payable based on stage of severity:-
- At the Minor Stage of CI, the benefit payable is 25% of CI Sum Assured.
- At the Major Stage of CI, the benefit payable is 100% of CI Sum Assured less any previously paid CI claims under the policy.
- At the Advanced Stage of CI, the benefit payable is 150% of CI Sum Assured less any previously paid CI claims under the policy.
Where CI sum assured = SAMF x Guaranteed Sum Assured at Maturity.
CI sum assured and absolute amount assured on death are equal.
Important Details of Smart Women Advantage Saving Plan:
| Entry Age | 18 Year |
| Max Age of Entry | 50 Years |
| Basic Sum Assured | Min. 2 Lakh, Max – 10 Lakh |
| Policy Term | 10 Year / 15 Year |
| Premium Pay Term | 10 Year / 15 Year |
| Monthly Premium | 1500 Minimum |
| Quarterly Premium | 4000 Minimum |
| Half Yearly Premium | 7500 Minimum |
| Yearly Premium | 15000 Minimum |
| Death Benefit | 10 times of Annual Premium |
| Tax Benefits | 80D and 80C |
