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SBI Life Insurance provides limited premium payment plans where you pay ₹50,000 annually for just 5 years. These plans are ideal for individuals who want a short-term commitment with long-term benefits and are good for balancing affordability and financial security.
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An SBI Rs. 50K plan for 5 years is a limited premium payment policy in which the policyholder pays Rs. 50,000 annually for 5 years. The benefits of this plan may vary depending on the product you choose (traditional endowment, term plan with return of premium, or ULIP).
Every SBI Life insurance is designed to protect the policyholders against life uncertainties. Below are some of the features of the SBI Life 50000 plan for 5 years:
You only need to pay premiums for 5 years, making it ideal for those who prefer short-term payment commitments with long-term benefits.
Most SBI Life plans offer life insurance coverage, even beyond the 5-year payment window, throughout the policy term. This ensures your family is financially protected in case of an unfortunate event.
Depending on the policy type, you may receive a lump sum maturity benefit at the end of the term, which can help you meet goals like a child's education, retirement, or home buying.
Premiums paid (up to ₹1.5 lakh per year) are eligible for tax deductions under Section 80C of the Income Tax Act. The maturity and death benefits may also be tax-free under Section 10(10D), subject to terms.
SBI Life's Rs. 50,000 per year plans for 5 years offer short-term premium commitment with long-term life cover and maturity benefits, which are ideal for securing your future with disciplined savings. Take a look at the below SBI Life investment plans for fulfilling your financial objectives:
| SBI Life Plan Name | Entry Age | Max. Maturity Age | |
| SBI Life- Smart Platina Assure | 30 years- 60 years | 99 years | Click Here |
| SBI Life – eWealth Plus | 5 years- 50 years | 65 years | Click Here |
| SBI Life- Smart Fortune Builder | 2 years- 55 years | 70 years | Click Here |
| SBI Life- Retire Smart Plus | 20-60 years | 70 years | Click Here |
Salaried individuals looking for a short premium-paying term
Parents planning for future education or marriage expenses
Self-employed professionals wanting both insurance and savings
Anyone seeking a disciplined investment habit with life protection
SBI Life offers curated plans for individual financial preferences on top of a cover for life risk. Thus, you are assured of the best possible features and returns to meet your life goals when choosing an SBI Life investment plan. The icing on the cake is their experience in handling large audiences providing a seamless claim experience, should the need arise on the policyholder’s demise.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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