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Insurance and
Investment Plans - Unit Plus II Plan |
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SBI Unit Plus II - A ULIP plan that can
be taken as regular savings, Child education / marriage and retirement
plan. - Highly Recommended |
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Introduction: |
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It may be difficult to understand all your
needs but as your preferred life insurance company, SBI Life
definitely understands all your financial & insurance needs.
SBI Life - Unit Plus II Plans are an attempt to meet all your
financial & insurance needs through a single non participating
product. You can use it the way you like. What’s more you get market
linked returns which in the long term has always proved to give better
returns than traditional savings products. |
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The best of this product is that it can be
invested with the target of your regular savings, your child's higher
education plan or marriage plan and your own pension plan - 3-in-1.
You need not go for separate plans. |
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Key Features: |
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Minimum annualized premium is Rs.24,000
p.a. with no upper limit. |
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Premium mode can be yearly, half-yearly,
quarterly or monthly. |
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You can get the life insurance for the
whole life i.e. till 99 years of age. |
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You can increase/decrease the premium
after 3 years. |
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You can increase/decrease the S.A. after 3
years. |
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You can make partial withdrawals after 3
years |
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You can also make additional investments
via Top-ups to get the benefit of down market |
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Different options to invest in stock
market / Govt. Securities from 0% to 100% with flexibility to change
later on |
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0% surrender charges after 3 years |
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Guaranteed additions from the company
after 8th, 15th and 20th years as 15%, 25% and 60% of last n years
average annualized premium. |
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In case of death of policyholder, the
nominee will get S.A. or fund value, whichever is higher. |
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Get the benefit of Sec80C of IT act on
premium and save your income tax. |
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Guaranteed
Additions(Only for SBI Life - Unit Plus II Regular): |
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Year |
Percentage Of Average Annualised
Regular Premium |
| 8th |
15 % ( Of Annualised
Average Premium for the first 8 Policy years ) |
| 15th |
25% ( Of Annualised
Average Premium for the first 15 Policy years ) |
| 20th |
60 % ( Of Annualised
Average Premium for the first 20 Policy years ) |
| Total |
100% |
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Example: |
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A healthy male at age 30 starts investing
Rs.50,000 every year for 20 years. He gets a S.A. of Rs.5 lacs from
day 1, which he can increase/decrease later on. Guaranteed additions
will be Rs.7,500, Rs.12,500 and Rs.30,000 respect. on regular
intervals irrespective of the stock market movements. @10% p.a.
growth, his fund value will be Rs.26,08,408 tax-free after 20 years
which he can use for the higher education / marriage of his child. He
can continue the policy at that time, if he wishes, and plans his
retirement life also in the same plan. |
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Benefits |
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Maturity Benefit:
At maturity, the Fund Value as on that date is paid in full. |
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Death Benefit:
In the unfortunate event of the death |
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Before or the age 7 years: Fund Value is
payable to the nominee. |
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After attaining age 7 and before 65th
birthday, the beneficiary will receive higher of Fund Value or Sum
Assured less Partial Withdrawals within the last 12 calender months. |
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If death occurs after age 65, the
beneficiary will receive the higher of the Fund Value or Sum Assured
less all the Partial Withdrawals made in the last 12 calender months
before attaining the age of 65+ all withdrawals made after attaining
the age of 65 will be set off against the Sum Assured excluding
partial withdrawals from Top Up Amount. |
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Who can buy this
product? |
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If you are in good health and in the age
group of 0 to 65 you can opt for these plans. |
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Last but not the least, you will get the
seal of trust and loyalty from the most reputed name - State Bank of
India. |
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Download
Brochure |
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Download
Proposal Form |
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