SWADHAN
A life cover
that is practically
FREE!!
SBI Life products
Pension Scheme
Lifelong Pensions
Savings cum Protection
Sudarshan
Sanjeevan & Young Sanjeevan
Protection cum Savings
Scholar
Protection
?
Everyone needs
Protection Products

As a social security tool:
– Protection of the family

As a safe tool to build up assets:
– Collateral for loans
BUT…
It would be much better if at least
you get some benefits at the end of the term,
DON’T YOU?
You are not comfortable with the idea
of paying premiums for 10 years without
receiving any benefits at the end!
We have created SWADHAN for you!
SWADHAN

Pay premiums to
protect your family….

And get back entire/part
of the premiums paid at
the end of the term!!
Upto 100% of basic premiums paid are refunded to YOU!!
SWADHAN:
Product features
SWADHAN

Age:
– Minimum: 18 years
– Maximum: 55 years

Maximum cover age:
– 65 years

Sum Assured:
– Minimum: Rs. 3 lakhs (x 10,000)
– Maximum: Rs. 1 crore

Term:
– 5 / 6 / 7 / 8 / 9 or 10 years

Premium mode:
– Yearly / Half-Yearly / Quarterly
– Standing instruction on bank / Credit
Card Account for renewal premium
(First premium always by cheque/draft).
Attractive premium rebate for women – 30 days money back guarantee
Death benefits

Sum Assured is
payable to your
nominee
EASY TO UNDERSTAND
Depending on the term chosen…
YOU will get at the end
Choose the
term…
Accordingly,
YOU will get
5 Years
50% Basic Premiums paid
6 years
60% Basic Premiums paid
7 years
70% Basic Premiums paid
8 years
80% Basic Premiums paid
9 years
90%
Basic Premiums paid
10 years
100% Basic Premiums Paid
EASY TO REMEMBER
Men:
Yearly Premium Sum Assured: Rs. 3 lakhs
(Yearly premium Net of Rebates)
5 years 6 years
7 years
8 years
9 years 10 years
20 years
1,125
1,360
1,472
1,789
2,273
3,801
25 years
1,178
1,316
1,532
1,858
2,360
3,948
30 years
1,211
1,369
1,615
1,985
2,551
4,295
35 years
1,418
1,635
1,960
2,434
3,145
5,265
40 years
1,857
2,165
2,615
3,265
4,232
7,002
45 years
2,614
3,103
3,785
4,740
6,112
9,831
50 years
3,994
4,749
5,762
7,130
8,999
13,834
55 years
5,955
7,029
8,443
10,302
12,755
18,696
80%
90%
50%
60%
70%
100%
of Total Basic Premiums Paid are refunded to you at the end of the policy
How much does it effectively cost?
(Sum Assured: Rs. 3 lakh - 30 years old
Term
man – Yearly premium)
5 years
6 years
7 years
8 years
9 years
10 years
Yearly
premium
1,211
1,369
1,615
1,985
2,551
4,295
Total
Premium
Paid
6,055
8,214
11,305
15,880
22,959
42,950
3,028
(50%)
4,929
(60%)
7, 914
(70%)
12,704
(80%)
20,663
(90%)
42,950
(100%)
Total
Insurance
real cost
3,028
3,285
3,391
3,176
2,296
NIL
Real cost
of insurance
(p.a.)
606
548
485
397
255
NIL
Amount
(Rs.)
You will get
at Maturity
Total premium paid = Yearly premium / Term
Total insurance cost = Total Premium Paid – Maturity Benefits
Real cost of insurance per annum = Total insurance cost / Term
Effective premium varies from Rs. 1.66 a day to NOTHING!!
Woman
Yearly Premium Sum Assured Rs. 3 lakhs
(Yearly Premium net of rebates)
5 years
6 years
7 years
8 years
9 years
10 years
20 years 1,052
1,180
1,381
1,682
2,141
3,592
25 years 1,102
1,233
1,439
1,748
2,224
3,732
30 years 1,134
1,284
1,518
1,868
2,406
4,154
35 years 1,330
1,536
1,845
2,295
2,969
4,981
40 years 1,747
2,039
2,466
3,083
4,001
6,629
45 years 2,466
2,929
3,577
4,483
5,985
9,315
50 years 3,775
4,491
5,453
6,951
8,525
13,114
55 years 5,636
6,655
7,197
9,761
12,089
17,727
Attractive premium rates for women
What about the
competitors?
Men, Sum Assured Rs. 3 lakhs, Term: 10 years
20000
15000
10000
5000
0
20
25
30
35
40
45
50
Sw adhan SBI Life New Bima Kiran LIC
55
Man, Sum Assured Rs. 3 lakhs, Yearly Premium, Term: 10 years
27,000
24,000
21,000
18,000
15,000
12,000
9,000
6,000
3,000
0
20
25
Sw adhan SBI Life
30
35
40
45
Premium Back Term Plan Birla Sun Life
LifeGuard w ith refund of P ICICI Prudential New Bima Kiran LIC
Term Care Allianz Bajaj
50
55
Yearly Premium for Sum Assured Rs. 1 lakh,
For of 30 or 45 years old man, Term 10 years
Cost
Maturity benefit
Rs. 1 lac + VB
12,000
10,157 10,268
10,000
8,000
6,000
Maturity benefit
30 years
100% BP refunded
45 years
x3
3,277
4,000
1,432
X7
2,000
X7
0
Swadhan
Protection
Sudarshan
Savings
Choose what you want and pay accordingly…
TAX ADVANTAGES
Tax Rebate U/s 88 Made Easy


Available for Premium Paid on Life Insurance Policies
Policy can be in the name of Spouse or Children (Major or Minor & Married
Daughters)

Ceiling for Life Insurance Premium Paid:
Rs.70,000
Tax Rebate Slabs
Gross Total Income (GTI)
Tax Rebate
Max Admissible Amount
Upto Rs. 1.5 lakhs
20%
Rs. 14,000
1.5 lakhs – 5 lakhs
15%
Rs. 10,500
More than Rs. 5 lakhs
NIL
NIL
30%
Rs. 21,000
Gross Salary Income
Not exceeding Rs. 1 lakh
(should not be less than 90% of GTI)
TAX ADVANTAGES

Maturity benefits as well as death benefits are
tax-free in the hands of the policyholder
/nominee u/s 10 (10D) I.T. Act.
SWADHAN : LIQUIDITY
Cash if you need

After the policy has acquired Surrender
Value,
loan available at an attractive rate of interest
(PLR of SBI + 1%)
from any State Bank Group Branch
Surrender Value
Surrender Value
Year 1/2/3
No surrender value
Year 4 / 5 / 6
60% Premium Paid – 1st year Premium
Year 7 onwards
65% Premium Paid – 1st year Premium
In case of unpaid premium

Grace period:
– 30 days

If premium is not paid within this
period:
– During the first 3 years: policy lapses
– After the first 3 years: paid-up value
Standing Instruction limits unpaid premium
Paid up value

An example:
– Swadhan:
 Rs.

5 lakhs Term: 10 years
1st unpaid premium Year 8
– Paid up value:
 New
death benefit:
– Rs. 5 lakhs x (7/10) = Rs. 3.5 Lakhs.
 New
maturity benefit:
– At the end of the policy, refund of:
• (7/10) *100 = 70% of Total Premium Paid
SWADHAN
30 days Money Back
Guarantee
If a client is not satisfied with
the features of the policy,
he can return it within 30
days of the date of policy
SBI Life will give him a
complete refund
Medical Selection
Medical selection
Entry Age
Only medical questionnaire
upto Sum Under Consideration
18 to 35
Rs. 8 lakhs
36 to 45
Rs. 5 lakhs
46 to 55
Compulsory Medical
Definition of Sum Under Consideration:
Sum Assured for Swadhan
+
Sum Under Consideration for existing SBI Life individual policies
Basic medical test, subject to requirement
Premium rebates

Due to mode of payment:
– Yearly: 2%
– Half-Yearly:1%
– Quarterly: No rebate

For high Sum Assured:
– Rs. 1 SA Rs. 3lakh upto Rs. 4.99 lakhs
– R. 1.5 SA Rs. 5 lakhs and above

Special rebate for women
– 5%
Special rebate for women!
Premium Calculation
Based on:
 Gender
 Mode of payment
Choose the right premium table
Depending on:
Age
Term
Find the premium rate
Deduct the rebate for high Sum Assured
Add extra premium for Non Standard Age Proof if
any
Multiply the result by Sum assured / 1,00,000

You get the premium amount
(final premium should be rounded off to the next higher rupee)
EASY TO CALCULATE
An example
Swadhan for 10 years term
Sum Assured: Rs. 5,50,000
Woman: 42 years old
Yearly mode
Premium calculation:
1. Choose Yearly premium table for woman.
2. Find out the rate for Rs. 1 lakh:
•
10 years for a 42 years of age: 2,616.95
3. Deduct the rebate for high Sum Assured
•
2,616.95 – 150 = 2,466.95
4. Calculate the premium for Sum Assured Rs. 5,50,000
•
Rs. 2, 466.95* 5.5 = Rs. 1 3,568.22
5. Round off to the next higher rupee
•
Rs. 13,568.22 
Rs. 13,569
Ready made premium tables inclusive of all rebates
Commissions
Depending on
Sum Assured
Rs. 3 lakhs upto Rs. 5 lakhs and
Rs. 4.9 lakhs
above
1st year
premium
10%
20%
Renewal
premiums
5%
5%
Who are the swadhan’s customers?

People who want:
– A protection product with maturity benefits.
– Tax rebates u/s 88 of I.T. act

People who need an additional
collateral for loans:
–
–
–
–
For personnal loan, educational loan
S.I.B / S.S.I / Trade Advances segment
Loan amount is repaid in case of death
Free collateral in case of survival


10 years term: 100% refund of premium
Women who want to benefit from low
premium rate:
– Upto 7% rebate
EASY TO SELL
Swadhan as a collateral?


It doesn’t under any circumstances increase
the credit limit / borrowing capacity of the
borrowers, as it is not an endowment
product.
It prevents the bank against N.P.A. due to
death, not N.P.A. due to unpaid EMI.
Taking a Swadhan policy is not a guaranty of
Getting a loan from the bank
REMEMBER….
The game of
the ladder
Adequate
Insurance
=
Windfall
and
Non / Under
insured
=
Liability
the snake
SWADHAN: THE snake antidote
Why SWADHAN?

Simple and affordable:
– Choice of S.A.

From Rs. 3 lakhs upto Rs. 1 crore
– Mode of payment:


Yearly / Half-Yearly / Quarterly
Automatic debit from the account throught standing
instruction
– Affordable premium rate


One of the lowest of the market
Unique feature for 5 / 6 / 7 / 8 and 9 years:
– %tage of basic premium paid is refunded, not full basic
premium makes premium rates very attractive.

Special rebate for women
– Up to 7% on premium

30 Days Money Back guarantee
– SBI Life gives complete refund of money if the
customer is not satisfied within 30 days from the
receipt of the policy document.