SBI Life Insurance launches two new Term Plans with Return of Premiums

Chandigarh, January 24, 2024: SBI Life Insurance, one of most trusted private life insurers in the country, recently launched two products– ‘SBI Life - Saral Swadhan Supreme’ and ‘SBI Life - Smart Swadhan Supreme’, that not only provides a life cover but also benefit of return of premiums at maturity, to fulfil customer’s financial objectives. The new products are designed to empower customers by catering to the growing awareness of the essential link between insurance and financial well-being. These plans offer a lumpsum benefit on the policyholder’s demise during the policy term and also pays back the total premiums paid in case the life assured survives the policy term.
 

‘SBI Life - Saral Swadhan Supreme’ and ‘SBI Life - Smart Swadhan Supreme’ have been meticulously crafted to empower individuals to safeguard their loved ones from life uncertainties while simultaneously building a robust financial safety net. The new products cater to the evolving needs of consumers, providing the flexibility to choose premium payment terms, policy duration, premium payment frequency etc. With a customer-centric approach, affordable premiums, and streamlined processes, SBI Life continues to remain steadfast in its efforts to increase insurance awareness and penetration in the country.
 

Commenting on the launch of both these products, Abhijit Gulanikar, President, Business Strategy, SBI Life Insurance said, "SBI Life takes pride in unveiling insurance solutions that provide consumers with an affordable life cover to ensure financial protection of their loved ones. The insurance solutions embody the essence of affordability, simplicity and flexibility, addressing the distinctive insurance needs of protection and return of premium in case insured event does not occur.” He further added, “In an era where each financial decision carries weight, we believe these solutions go beyond traditional insurance. They represent a secure and tailored approach to life insurance, where protection meets convenience. As a responsible insurer our aim is to build a robust financial shield for our customers in the long run. Our dedication to create customer centric solutions remains unwavering, and we are excited to witness these products become an integral part of our customers' lives.”