Product Information
Saving And Investment Plans SBI Life - Shubh Nivesh
SBI Life - Shubh Nivesh is a non- linked, with profit Endowment Assurance product with an option of Whole Life coverage. The basic purpose is to provide Savings, Income and Insurance Cover to you and your family. Not only can you save regularly for your future but you also have the flexibility to receive the maturity amount as a lump sum or as a regular income for a chosen period, depending upon your needs.


  • A savings plan with flexibility of availing whole life insurance as an add-on benefit.
  • Benefits including Wealth Creation, Insurance cover and Regular flow of income
  • Flexibility to choose between Single or Regular premium payment
  • Additional rider benefits at an affordable cost
  • Option to receive the Basic Sum Assured at regular intervals over a stipulated time period of 5/10/15/20 years
  • Tax benefits** as per prevailing norms under the Income Tax Act, 1961
Age* at Entry Min.: 18 years
Max.: Endowment Option:
RP - 58 years
SP - 60 years
Endowment with Whole Life option - 50 years
Maximum Age at Maturity 65 years
Sum Assured Min: Rs.75,000 (x 1,000/-)
Max: No Limit
Premium Frequency Single Premium / Yearly / Half-yearly / Quarterly / Monthly
Premium Paying Term Single Premium / Regular Premium (Same as policy term)
Premium Frequency Loading Half-Yearly: 52.0% of annual premium
Quarterly: 26.5% of annual premium
Monthly: 8.9% of annual premium