Saturday, July 11, 2015

Life Cover of Rs. 1 Cr at the price of a water bottle

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#For a healthy non-smoker male 25 years old with a policy term of 20 years, level cover option, paying Rs. 6,360 as annual premium without service tax for a sum assured of Rs. 1 cr. (Premium for one day = Annual Premium / No of days in a year = Rs. 6,360 / 365 = Rs.17.43 - Rs. 18.00 approximately). Premium mentioned above is indicative and might change subject to underwriting. Premiums can be paid only in Annual Mode of Premium Payment. ***For the Premium paid on Life Insurance of Rs. 1.5 lakhs, save tax upto Rs. 50, 985 (Assuming highest tax bracket applicable for an individual and subject to provision of Income Tax Act, 1961.) *No medicals required for a cover up to Rs. 75 lakhs for the age upto 40 years. No medical underwriting if no adverse declaration is made in the proposal form by the policyholder.

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details. Insurance is the subject matter of solicitation. Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license. SBI Life - eShield, UIN: 111N089V01, a non-participating pure term insurance plan. Registered & Corporate Office: SBI Life Insurance Co. Ltd, Natraj, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069. IRDA Registration no. 111 issued on 29th March 2001. CIN: U99999MH2000PLC129113. www.sbilife­.co­.in
1G Cr5.ver.01-11/14 EM ENG
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