SBI Life New Endowment is a traditional participating endowment insurance plan that combines disciplined savings with life insurance protection. It helps you build a guaranteed financial corpus over time along with bonus additions, ensuring long-term financial security.
This plan is suitable for individuals who want steady savings, guaranteed maturity benefits, and life cover under one simple and trusted insurance solution—without exposure to market risks.
New Endowment plans are ideal for goal-based financial planning. SBI Life New Endowment encourages regular savings, provides life protection, and rewards policyholders through bonuses declared by the insurer.
- Endowment plan with savings and life insurance cover
- Guaranteed maturity benefit plus bonuses
- Eligible for reversionary and terminal bonuses
- No market-linked risk
- Tax benefits as per prevailing income tax laws
You pay premiums regularly throughout the policy term. During this period, the policy accumulates guaranteed benefits and bonuses. On survival till maturity, you receive the sum assured plus accumulated bonuses. In case of death during the policy term, the nominee receives the death benefit.
Age: 28 years
Policy Term: 25 Years
Annual Premium: ₹40,000
Sum Assured: As per policy
Maturity Benefit: Sum Assured + Bonuses
The maturity amount can be used for long-term goals such as children’s education, marriage, home-related expenses, or retirement planning.
SBI Life New Endowment is best suited for individuals seeking safe savings with bonus potential and life protection.
- Individuals seeking guaranteed savings with bonuses
- Risk-averse customers preferring traditional plans
- Families planning long-term financial goals
- People looking for insurance with disciplined savings
SBI Life New Endowment is a time-tested insurance solution that blends savings, bonuses, and life protection. It helps you build wealth gradually while ensuring your family’s financial security—making it a reliable choice for long-term planning.
