SBI Life insurance best savings scheme for new users

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SBI Life insurance savings scheme: SBI Life Short Humsafar Plan comes with many benefits
SBI Life insurance savings scheme: SBI Life Short Humsafar Plan comes with many benefits

New Delhi : SBI Life insurance savings scheme: The SBI life saving plans comes with the life insurance cover. People who want to save money at low risk can choose such saving schemes to meet the needs of their children for marriage or education, buying a home. If you are planning to buy a plan from SBI Life, then here are some plans to fulfil your future needs.

Here are the SBI Life insurance savings scheme:

SBI Life Smart Woman Advantage scheme

This scheme for woman includes security features that help in financial planning and provides the protection that can be cherished forever. Both working woman and house wives can take advantage of this scheme. This is a complete insurance plan designed for women who benefit from life cover, savings, and critical illness. Under this basic policy, the premium paid for health benefits and 80C benefits can be availed by tax benefits under Section 80D. 

SBI Smart Automation Plan 

This SBI saving scheme is a non-linked and non participating term insurance plan with the return of a premium plan. This plan meets the need of insurance, with the added benefit of receiving total original premium paid on maturity. In addition, the plan offers various premium payment options according to your needs. This is best for the member who earns income in the family because it offers life insurance coverage against any event.

In this plan, in case of survival till maturity, total basic premiums paid under the return and policy is handed over to the owner. Tax benefits under Section 80C on the premium paid by individuals, can be availed of Section 10 (10D) on maturity amount.

SBI Life Short Humsafar Plan

This is a joint non-linked participating endowment plan for husband and wife. The scheme comes with many benefits of savings and insurance cover for the couple. This is the best plan for couples, because it is joint life insurance with a savings plan in which you can take insurance cover for yourself and your spouse under an insurance policy.

Minimum bonus for the first 3 years on 2.50% of basic sum insured, if eligible. It provides financial security in the event of death of life insured or both. This policy will pay the maturity amount on the existence of one or both of the promised life at the end of the term.

SBI Life Smarter Money Planner

It is a non-linked saving plan which has a benefit of endowment assurance plan with the additional facility of guaranteed flow at regular intervals according to your monetary needs. It provides financial support to meet your long-term and short-term goals, while providing you life insurance during the policy term, without paying the premium with full payment during the entire policy period.

SBI Life Flexi Smart Plus 

This smart flexi plan of SBI life is a personal, participating, convertible insurance product that helps you to meet your future needs. It also gives you the elasticity to optimize the changing needs, while ensuring guaranteed benefits to your savings.