SBI Life Insurance – Smart Income Protect

 

 

 

Introduction:

SBI Life – Smart Income Protect is a savings plan with added advantage of life cover and regular cash inflow at the time you need. It is a participating traditional plan where you continue to pay your regular premiums over a period of 5, 10 or 15 years. Thereafter your payout period starts, where you get guaranteed regular annual payouts over a period of 15 years, meeting your various financial obligations.

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SBI Life Insurance unveils ‘Smart Income Protect’ savings plan

Private insurer SBI Life Insurance  launched a guaranteed traditional savings plan, Smart Income Protect, offering a tax-free regular income. Smart Income Protect offers regular income at the guaranteed rate of 11 percent of sum assured or paid sum assured for next 15 years after maturity, SBI Life Insurance said in a release issued here. Read more