Surrender Value of Shubh Nivesh and Shri Raksha
Surrender value of Shubh Nivesh and Shri Raksha is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity. Surrender may not be allowed for all types of insurance policies. SBI Life Shubh Nivesh allows surrender of policies before end of policy term. This means that you'll get the assured surrender value i.e. returns on the premiums paid till date. Shriram New Shri Raksha Plan allows surrender of policy.
Bonuses Available for These Plans
Bonuses available for these plans include terminal bonus, reversionary bonus, interim bonus etc. Bonus is an important part of Shubh Nivesh and Shri Raksha benefits. Terminal bonus is provided by the insurance company to reflect the overall performance of your chosen policy. Reversionary bonus is an amount of money added to your returns on maturity. Terminal bonus is usually announced twice a year. If your policy matures at a date between these two bonus days, you may get an interim bonus.
- Bonus provided under SBI Life Shubh Nivesh: Reversionary Bonus and Terminal Bonus
- Bonus provided under Shriram New Shri Raksha Plan: Not Applicable