SBI Life introduced three new plans
S
BI Life introduced three new plans also. They are Saral plan, ulip smart scholar, and smartlite. Plans are prepared by the consideration of consumer’s income and different life time expenses of consumers.
Saral plan introduced for to full fill the economical and security wants of middle income groups. Traditional saral plans annual premium amount will start on Rs:4000 onwards. In order to get the policy shortly they excluded medical examination clients. They can make premium payment on monthly basis, quarterly and halfear basis.
Ulip smart scholar plan is basically for children’s, in order to ensure their higher education, marriage, and economical stability. Consumer can choose any plan from the given nine funds. Sometimes company will pay the amount of premium in the absence of parent’s presents. This kind of policy is known as premium waiver.
Smartlite includes single premium and limited terms premium. Smartlite policy has certain features like accident death allowances, allowances for disability caused due to the accidents, and premium redirections etc.
Before two months, with the suggestion of IRDA, SBI introduced certain ulips like SBI life, Saral Maha Anand, and Nava Bharat Unit Plus Super.
