Shubh Nivesh Plan-shubh-nivesh-plan

Shubh Nivesh Plan is a participatingtraditional endowment policywhich gives various benefits under a single plan for a secured and wealthy future. Being an endowment plan that provides whole life cover, lets understand first these terms and then focus on the features and benefits of Shubh Nivesh. Key Features of Shubh Nivesh Shubh Nivesh is a participating plan with regular or single premium payment option. Shubh Nivesh plan has 3 coverage options: Endowment Option: SBI Shubh Nivesh with endowment options is a traditional participating plan which gives simple reversionary bonuses. The sum assured and all the bonuses are paid either to the insured on his or her survival at the endowment term end or to the nominees of the insured in case of his or her death. Endowment with Whole Life Option: Shubh Nivesh also has the option of extending the insurance cover for whole life or up to 100 years of age, if one opts for a policy term of 15 years or more. This plan choice provides endowment + whole life option benefits in which the endowment benefits is equal basic assured sum in case the insured survives till 100 years of age or on demise before in the extension period. Deferred Maturity Payment option: This cover option forms a part of the earlier two SBI Shubh Nivesh options