Quote Originally Posted by v.r.s.nathan View Post
It is IRDA instructions that you can show returns in 6% and 10% example to the proposer. Bonus is declared on the basis of insurance company performance.

Please tell me the name of the product to comments on it.

Hi

its sbi money back option 2 plan. according to the caller(sbi life employee) for sum assured of 3 lakhs, 30 K premium, with total 115% of bonus on 15th year (10, 15,20,45 on 3rd,6th,9th and 15th yr respectively) plus 10% "guaranteed" cumulative interest for amount invested. On 4th year, you can surrender policy, and for 30k annual premium, 90K (amount paid) + 30K bonus + 30K (10% cumulative interest) would be paid back.

Also this can be surrendered on 4th year with benefit of 1.5 lakhs (1.2 L ovefr investment of 90K for 3 years and 30K bonus)