Availability checked on 27 October 2026: SBI Life lists Shubh Nivesh (UIN 111N055V04) as withdrawn on 1 October 2024 in its List of Withdrawn Products. This page explains that archived version for existing policyholders, not a current offer for new buyers. Check the UIN on your policy before applying these terms.
Shubh Nivesh was an individual, non-linked, participating life insurance savings product with Endowment and Endowment with Whole Life options. Its archived V04 brochure distinguishes the policy term from the premium-paying term. Here is how that structure worked.
Quick Overview of SBI Life Shubh Nivesh Plan
| What’s Good | What’s Not Good |
|---|---|
| Genuine flexibility on term length: Archived Endowment terms: 5–30 years for single premium or 10–30 years for regular premium; Whole Life option: 15–30-year endowment term | Returns aren’t fully guaranteed: As a participating plan, bonuses depend partly on the insurer’s performance |
| Choice of single or regular premium: The archived version allowed one single premium or regular premiums throughout the policy term | Bonus rates can vary year to year: Future bonuses are not guaranteed; an assumed bonus is not a promised return |
| Deferred income option: Take the maturity benefit as a lump sum or defer the Basic Sum Assured over 5, 10, 15 or 20 years, subject to policy terms | Whole Life option changes the structure significantly: Worth understanding clearly before choosing it over the standard Endowment option |
| Whole Life extension available: The archived Whole Life option provided cover up to age 100, subject to the policy remaining in force | Entry age caps differ by option: Archived maximum entry ages: Endowment regular premium 55, single premium 60; Whole Life option 50 |
Two Plan Structures to Choose From
The archived V04 version offered two options. Your policy schedule and the V04 policy document establish which benefits apply:
- Endowment Option: A standard savings plan. Maturity and death benefits are calculated differently, as explained below.
- Endowment with Whole Life Option: Extends life cover to age 100. If the life assured survives the endowment term, the policy converts to whole life cover, providing an additional Basic Sum Assured on death after maturity, on top of the standard maturity benefit already received.
How Do the Bonuses Actually Work?
This participating policy shares in the insurer’s profits during the endowment term through bonuses. Future Simple Reversionary Bonuses and any Terminal Bonus are not guaranteed. Once declared, a reversionary bonus becomes part of the guaranteed benefits under the policy terms.
For a purely hypothetical example, a bonus of ₹42 per ₹1,000 of Basic Sum Assured would add ₹4,200 on ₹1,00,000 for that year. This is arithmetic, not an actual declared bonus rate, a quote or a 4.2% return on the premiums you paid.
Lump Sum or Deferred Income: Your Choice
For an in-force V04 policy, the archived maturity options were:
- Take the full maturity benefit as a lump sum, receiving the Sum Assured plus accumulated bonuses in one payment, or
- Opt for deferred maturity payment, receiving your Sum Assured as regular income over 5, 10, 15, or 20 years, at your choice of yearly, half-yearly, quarterly, or monthly frequency, with the accumulated bonus taken separately at maturity
For V04, the deferred option requires notice three months before maturity. The income amount is quoted using the interest rates available at that time, rather than fixed at policy inception. Check the insurer’s quotation and your policy terms before choosing it.
What Happens on Death During the Policy Term?
For an in-force regular-premium V04 policy, death before the endowment term ends pays the higher of: (a) Sum Assured on Death plus vested bonuses and any Terminal Bonus, or (b) 105% of total premiums received, with exclusions defined in the policy. Sum Assured on Death is the higher of Basic Sum Assured and ten times annualised premium. For single premium, it is the higher of Basic Sum Assured and 1.25 times single premium, plus vested bonuses and any Terminal Bonus. After the endowment term, the Whole Life option pays Basic Sum Assured on death before age 100, or on survival to age 100, provided the policy is in force.
Riders Available
The archived V04 brochure listed optional Preferred Term, Accidental Death Benefit, and Accidental Total and Permanent Disability Benefit riders, at additional cost. Riders could be selected only at inception. Existing policyholders should check their schedule and rider UINs rather than assuming a rider can now be added.
What Should Existing Policyholders Check?
Start with your UIN, chosen option, premium status and policy schedule. Under archived V04, regular premiums run for the same number of years as the policy term; a five-year Endowment term was a single-premium option. Paying premiums and waiting for maturity are different timelines.
For a historical comparison, Smart Platina Assure V08 (UIN 111N126V08) had premium-payment terms of 7 or 10 years and policy terms of 15 or 20 years respectively. SBI Life lists that version as withdrawn on 14 January 2026. Its archived brochure describes non-participating benefits, unlike Shubh Nivesh’s future bonuses. Neither description should be read as a current sales offer.
See our full breakdowns of SBI Life Smart Platina Assure, Smart Platina Plus, and eShield Next for background, checking each product version and availability separately. You can also read our comparison of SBI Life Insurance plans at ₹50,000 a Year.
Frequently Asked Questions
What is the policy term range for SBI Life Shubh Nivesh?
For archived V04 Endowment: 5–30 years with single premium or 10–30 years with regular premium. The Whole Life option had a 15–30-year endowment term. Regular premium payment lasted for the policy term.
Can I choose between a lump sum and regular income at maturity?
For archived V04, the deferred option applied to the Basic Sum Assured over 5, 10, 15 or 20 years, with bonus taken separately at maturity. Notice was required three months before maturity, and income was quoted using rates available then.
Are the returns on Shubh Nivesh guaranteed?
Future bonuses are not guaranteed. Read the guaranteed and non-guaranteed columns separately in SBI Life’s archived V04 benefit illustration. Its 4% and 8% assumptions are illustrative insurer investment-return scenarios, not promised policy returns or limits. For your maturity amount, use your own schedule and insurer-provided policy-specific illustration.
What is the Endowment with Whole Life option?
An optional structure that extends life cover to age 100. If you survive the standard endowment term, the policy continues as whole life cover, providing an additional Basic Sum Assured on death after maturity, alongside the maturity benefit you’ve already received.
Can I pay a single premium instead of paying regularly?
Archived V04 offered single and regular premium options. This does not mean an existing policyholder can switch payment structures freely; check the chosen option on your schedule.
How does Shubh Nivesh compare to Smart Platina Assure?
They are different historical products. Shubh Nivesh V04 was participating; Smart Platina Assure V08 was non-participating, with 7/10-year premium-payment terms and 15/20-year policy terms. Both versions appear on SBI Life’s withdrawn-products list. Compare exact UINs and policy terms rather than treating either name as a current offer.
Last Updated on 7 days ago by Team Paisaseekho
