SBI Life Insurance Maha Anand II Plan

Introduction:
SBI Life – Maha Anand II is a unique product created just for you, which provides you insurance cover without any medicals. With a wide array of funds, allows you to manage your investments according to your risk appetite thereby giving you the power to realise market related returns on your policy.
Features of SBI Life – Maha Anand II:
It’s simple to own a Maha Anand II policy, no medical examination.  
 Guaranteed Additions of upto 90% of annualized premium.
 Twin Benefit of Market linked returns & insurance cover
Option to avail of additional rider benefit under SBI Life – Accidental Death Benefit Linked Rider
4 fund options to enjoy market related returns as per your risk appetite
Facility to make Top up payments, to boost your investment
 Liquidity through partial withdrawals
Enhanced Value at optimal costs.
Product Snapshot:
Age at Entry*
Minimum: 18 years      Maximum: 55 years             
Max. Age at Maturity
65 years    
Policy Term
10 years / 15 years / 20 years
Premium Amounts
(x100)
Minimum
Maximum
Yearly         : Rs. 12,000/-
Yearly        : Rs. 24,000/-
Half-yearly : Rs. 6,000/-
Half-yearly : Rs. 12,000/-
Quarterly    : Rs. 3,000/-
Quarterly   : Rs. 6,000/-
Monthly      : Rs. 1,000/-
Monthly     : Rs. 2,000/-
Premium Modes
Yearly / Half-yearly / Quarterly / Monthly
Sum Assured
Min: 5 * Annualised Premium
Max: 10 * Annualised Premium
Top-up Amount
Minimum: Rs 1,500/-    
Maximum: 25% of the basic regular premium paid till date
Tax Benefits#
Under Sec. 80C and Sec. 10(10D) of Income Tax Act,1961
* All the references to age are age as on last birthday.
# Subject to change in the tax laws. Please consult your Tax advisor for details.
Benefits: 
 Maturity Benefit: On completion of policy term, Fund Value will be paid.
Death Benefit: Higher of Fund Value or Sum Assured is paid in case of an unfortunate event of death.
 Rider Benefits:  
       Accidental Death Benefit Linked Rider: Provides an additional benefit in unfortunate event of death occurring as a result of an accident.
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