SBI Life – Money Back

What is the life insurance policy or plans that sbi is offering to its customer so i thought to explain you about one of such policy of sbi which i liked the most


SBI Life – Money Back is a traditional participating savings plan with added advantage of life cover and cash inflow at regular intervals. In order to meet your various financial obligations at crucial junctures, it offers a wide range of terms options with regular payments of Guaranteed Survival benefits made at different durations during the policy term.
Key Features:

•The plan has a number of money back options specially suited to your needs.
•The cover is available at competitive premium rates.
•It has guaranteed cash inflows which can meet your various financial obligations.
•In addition to normal death cover, the plan also provides you 4 additional covers

Benefits

•Death Benefit:
In the unfortunate event of death during the term of the plan, the nominee will receive Sum Assured + Vested Bonuses, (accrued till the date of death),
No deductions are made from the claim amount for the Survival Benefits already paid. Exclusions applicable to the Basic Cover: Suicide within the first year

•Tax Benefit
SBI Life Money Back Plan enjoys Tax benefit u/s 80C and 10(10D) of IT Act*
Premiums paid for Critical Illness Benefit qualify for tax exemption under Sec 80D*


The above is taken form sbi's insurance website so you can trust on the data provided above i hope yu liked it..