SBI Life Bonus rates are declared as on 31/03/2015

SBI Life Insurance company has declared bonus rates its conventional policies. SBI Life Bonus rates is highest in SBI Scholar II single premium policy and its 4% of the sum assured and lowest bonus in its Sanjeevan Single premium policy which is 1.25%. Terminal bonus is also declared in some policies as per their eligibility.

#1. SBI Life Bonus rates

SBI Life Bonus rates for year end March 2015

#2.

SBI Life Bonus rates for year end March 2015-2

#3.

SBI Life Bonus rates for year end March 2015-3

SBI Life Insurance company is a private Insurance comapany. SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif the remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2,000 crores and a paid up capital of Rs 1,000 crores. The type of bonus declared are simple reversionary, interim or terminal.

The reversionary bonuses are declared as a percentage of the basic sum assured. For products where basic sum assured is increased with a certain percentage after specified period, the reversionary bonuses are declared as a percentage of the effective sum assured (i.e. increased sum assured). The reversionary bonuses are declared on annual basis for each policy year during the term of the product, provided the policy is in-force as on the date of bonus declaration (i.e. all due premiums have been paid). Reversionary bonuses once declared and allocated are guaranteed. The future bonuses are however not guaranteed and will depend on future experience. If a policy is made paid-up (in other words if you stop paying premiums) then the annual bonus added to date remain credited to that policy, but the policy will receive no further bonus additions.