The SBI Shubh Nivesh Maturity Calculator helps you estimate the amount payable at the end of the policy’s endowment term. Enter the Basic Sum Assured, policy term, assumed or declared simple reversionary bonus rate, and terminal bonus to view an estimated maturity benefit.
SBI Life – Shubh Nivesh is described in the brochure as an individual, non-linked, participating life insurance savings product. Because it is a participating plan, the final benefit can include bonuses declared by SBI Life. Future bonus rates and terminal bonuses are not guaranteed.
Important: This calculator is an independent educational tool. It is not an official SBI Life calculator, quotation or benefit illustration.
What is SBI Shubh Nivesh Policy?
The SBI Shubh Nivesh Policy is a traditional endowment plan that combines insurance protection with long-term savings. It is designed for people who want both financial security for their family and assured returns at the end of the policy term.
Key Highlights of SBI Shubh Nivesh Plan:
- ✅ Life insurance coverage throughout the policy term.
- ✅ Lump sum maturity benefit on survival till the end of the term.
- ✅ Option to choose whole life cover.
- ✅ Regular bonus additions.
- ✅ Suitable for long-term financial goals (education, retirement, wealth creation).
👉 In short, this policy ensures protection + savings + bonus income, making it a reliable choice for conservative investors.
Maturity estimator
SBI Life - Shubh Nivesh Calculator
Estimate the endowment maturity benefit using an assumed or declared bonus rate.
Estimated maturity benefit
Basic Sum Assured + estimated vested bonuses + terminal bonus
- Basic Sum Assured
- ₹0
- Estimated vested bonuses
- ₹0
- Terminal bonus
- ₹0
- Total premiums entered
- Approx. maturity yield
- 0.00% p.a.
- Policy tenure
- 0 years
Separate Whole Life benefit
₹0 Additional Basic Sum Assured payable at age 100, or on death after the endowment term, provided the policy is in force. It is not included in the maturity figure above.How this estimate is calculated
Estimated vested bonuses = Basic Sum Assured / 1,000 x annual bonus rate x policy term. The result then adds the Basic Sum Assured and any terminal bonus entered above.
The default rate of 13.80 is reverse-calculated to match the brochure's specific ₹20 lakh, 25-year illustration at 4% when terminal bonus is entered as zero. It is not an SBI Life declared bonus rate.
Important: This is an independent educational estimate, not an official SBI Life benefit illustration. Bonuses are not guaranteed and may vary. Actual benefits are governed by the policy document and insurer's illustration. Taxes, riders, surrender value, official premium quotations and deferred maturity income are not calculated here.
Based on SBI Life - Shubh Nivesh brochure, UIN 111N055V04.
Also Check:
How to Use SBI Shubh Nivesh Maturity Calculator
Follow the steps in the Shubh Nivesh Maturity Calculator to get the correct value.
- Select Endowment or Endowment with Whole Life.
- Select whether the policy uses regular premiums or a single premium.
- Enter the policyholder’s age at entry. Age is used to check eligibility.
- Enter the Basic Sum Assured shown in the policy documents.
- Enter the policy term in completed years.
- Enter an assumed or declared annual simple reversionary bonus rate per ₹1,000 of Basic Sum Assured.
- Add the terminal bonus amount if it is known; otherwise, leave it as zero.
- Select Calculate Maturity to view the estimate and benefit breakdown.
SBI Shubh Nivesh Maturity Calculator Benefit Formula
According to the product brochure, the maturity benefit for an in-force policy is:
Maturity Benefit = Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal Bonus, if any
The calculator estimates the vested simple reversionary bonuses with the following formula:
Estimated Bonuses = (Basic Sum Assured / 1,000) x Annual Bonus Rate x Policy Term
The calculation assumes that the entered bonus rate remains unchanged for the selected term. Actual declared rates can vary from year to year. A terminal bonus is also not automatic and should only be entered when a reliable policy-specific amount or assumption is available.
What Each Calculator Input Means
Plan Option
The Endowment option provides maturity and death benefits during the selected policy term. The Endowment with Whole Life option extends life cover after the endowment term, subject to the policy remaining in force.
Age at Entry
Age affects eligibility and the premium charged for the chosen cover. It does not directly appear in the maturity-benefit formula. The calculator, therefore, uses age to validate the available policy term, rather than increasing or reducing the maturity estimate.
Basic Sum Assured
The Basic Sum Assured is the base policy amount selected at inception. The brochure specifies a minimum of ₹75,000 in multiples of ₹1,000. It is not the same as the total premiums paid.
Policy Term
This is the selected endowment period. The available term depends on the plan option, premium type and age at entry. The calculator also checks that age at maturity does not exceed 65.
Simple Reversionary Bonus Rate
A simple reversionary bonus may be declared as a rate applied to the Basic Sum Assured. Once declared and vested, it forms part of the policy benefits, subject to policy terms. Future bonus declarations depend on the insurer’s participating-fund experience and are not guaranteed.
Terminal Bonus
A terminal bonus may be payable at maturity, earlier death, or surrender, depending on the policy and SBI Life’s declaration. The calculator does not predict this amount automatically.
Does the Policyholder’s Age Affect Maturity?
The policyholder’s age does not directly change the maturity formula. Two policyholders with the same Basic Sum Assured, policy term, and vested bonuses would have the same calculated maturity benefit, even if their entry ages were different.
Age still matters because it can affect:
- Eligibility for the selected plan option;
- Maximum available policy term;
- Premium required for the chosen Basic Sum Assured;
- Underwriting and acceptance by the insurer; and
- Permitted age at maturity.
Eligibility and Policy-Term Limits
| Plan and premium option | Entry age | Policy term |
|---|---|---|
| Endowment – Regular Premium | 18 to 55 years | 10 to 30 years |
| Endowment – Single Premium | 18 to 60 years | 5 to 30 years |
| Endowment with Whole Life – Regular or Single Premium | 18 to 50 years | 15 to 30 years |
The brochure specifies a maximum age of 65 at maturity. Consequently, the longest term shown in the table may not be available at every entry age. All ages are based on age as of the last birthday.
Endowment vs Endowment with Whole Life
Endowment Option
At the end of the policy term, an in-force policy pays the Basic Sum Assured, vested simple reversionary bonuses and terminal bonus, if any.
Endowment with Whole Life Option
The maturity benefit at the end of the endowment term follows the same formula. In addition, a separate Basic Sum Assured is payable on attaining age 100 or on death after completion of the endowment term and up to age 100, provided the policy remains in force.
This additional Whole Life amount is displayed separately by the calculator and is not added to the endowment maturity estimate.
SBI Shubh Nivesh Maturity Calculator Calculation Example
Assume the following values purely for explanation, which is used in the Shubh Nivesh Maturity Calculator:
- Basic Sum Assured: ₹10,00,000
- Policy term: 20 years
- Assumed annual bonus rate: ₹20 per ₹1,000
- Assumed terminal bonus: ₹50,000
Estimated vested bonuses:
(₹10,00,000 / 1,000) x ₹20 x 20 = ₹4,00,000
Estimated maturity benefit:
₹10,00,000 + ₹4,00,000 + ₹50,000 = ₹14,50,000
This example uses assumed bonus values and does not promise a return of ₹14,50,000. Replace the assumptions with policy-specific figures for a more relevant estimate.
Why the Calculator Result Can Differ from the Actual Benefit
The estimate of SBI Shubh Nivesh Maturity Calculator may differ from the amount eventually paid because:
- Future reversionary bonus rates are not guaranteed;
- Bonus rates can change from one policy year to another;
- Terminal bonus may not be declared;
- The policy may become paid-up, lapse, or be surrendered;
- Outstanding policy loans may affect the payable amount;
- The entered figures may differ from the policy schedule, or
- The insurer’s final calculation and policy terms will prevail.
Deferred Maturity Payment Option
The brochure describes an option to receive the Basic Sum Assured as regular income over 5, 10, 15 or 20 years after the endowment term. Payment frequency may be yearly, half-yearly, quarterly or monthly. The income amount is quoted using the interest rates available when the option is selected.
The current calculator estimates the lump-sum maturity benefit only. It does not calculate deferred income instalments because the applicable future interest rate is not known in advance.
Frequently Asked Questions
Is this an official SBI Life maturity calculator?
No. This is an independent educational calculator based on the benefit structure stated in the SBI Life – Shubh Nivesh brochure. Obtain an official policy-specific benefit illustration from SBI Life before making a financial decision.
Is the SBI Shubh Nivesh maturity amount guaranteed?
The Basic Sum Assured is part of the stated maturity benefit for an in-force policy. Vested bonuses already declared become part of policy benefits, but future bonus rates and any terminal bonus are not guaranteed.
Does a higher premium always produce a higher maturity value?
The calculator does not use premium as a direct maturity input. Premium depends on factors such as age, plan option, policy term, underwriting and Basic Sum Assured. Maturity is calculated from the Basic Sum Assured and applicable bonuses.
Which bonus rate should I enter?
Use a bonus rate from your policy statement, an official declaration or a policy-specific benefit illustration. Do not treat an assumed rate as guaranteed.
Can I enter the brochure’s 4% or 8% as the bonus rate?
No. The brochure’s 4% and 8% figures are assumed investment-return scenarios used for illustration; they are not simple reversionary bonus rates per ₹1,000. Entering 4 or 8 in the bonus-rate field would therefore represent a different assumption.
Does the calculator include tax benefits?
No. Tax treatment depends on applicable law and individual circumstances and may change. Consult a qualified tax adviser for current guidance.
Does the calculator work for a paid-up or surrendered policy?
No. It assumes the policy remains fully in force until maturity. Paid-up and surrender benefits use different calculations and factors.
Important Disclaimer
This article and calculator are provided for general information only; use of the Shubh Nivesh Maturity Calculator does not constitute insurance, investment, tax, or financial advice. They do not guarantee eligibility, premium, bonus or maturity proceeds. Product availability and terms may change. Check the latest official brochure, policy document and policy-specific benefit illustration. SBI Life Insurance Company’s calculation and the issued policy terms will prevail.