Features of SBI-Sudarshan (Plan A)

We think of great plans for our family/dependents,even for ourselves,till we get into retired life. So it is good thing if we make ourselves clear with what saving plan along with life insurance is perfect.

SBI-Sudarshan is a unique endowment policy that helps you acquire needs and necessities in life through regular and saving plan whether it is your son’s wedding,want to buy a home, child’s education,etc.

Important Features:-

1. Individual between the age 12 to 60years can avail this plan.
2. Less premium payment.
3. Sum Assured from 50000 to 1crore.
4. Fixed sum assured till the policy ends and Increasing sum assured by 5% each year.
5. Premium can be paid monthly,quarterly,yearly,half yearly. Single premium option available.
6. Reversionary bonus (regular bonus) are included annually in the plan.
7. Incase the policyholder dies when the policy is in force,the sum assured along with accumulated bonuses are being paid to the nominee till the date of death.
8. Insurance premium paid every year qualities for tax exemption under section 80C