SBI Life Insurance – Smart ULIP (Series 2) Plan

Introduction:
Due to the unpredictable nature of the market, you need a plan which not only protects your investment, but also enables you to get market related returns. SBI Life – Smart ULIP(Series II) is the perfect answer to your need, and will give you not only Guarantee on select NAVs during the first seven years, but also gives you the added attraction of participating in the market upside!
 
Benefits of SBI Life – Smart ULIP (Series II) :
Guarantee of the highest of  select NAVs in during the first seven years on Maturity.
Convenience through shorter premium paying term, giving you a choice between 2 premium paying terms (PPT).
‘Power of more’ – Guaranteed Maturity NAV, continues beyond the premium payment term.
Innovative structured investment fund -‘FlexiProtect Fund (Series II)’.
Hassle free plan – we manage your investment, giving you maximum opportunity for growth while protecting your investments against adverse market conditions.
Investment cum Insurance plan giving market related returns.
Attractive Tax benefits under the Income Tax Act, 1961, subject to conditions
 
Product Snapshot:
Age at Entry#*
Min: 8 years              
Max: 60 years
Age at Maturity
Max: 70 years
Premium Payment Term
3 years or 5 years
Premium Mode
Yearly / Half-yearly / Quarterly / Monthly
Min Premium (X 100)
Yearly        : Rs. 50,000/-
Half-yearly : Rs. 25,000/-
Quarterly   : Rs. 15,000/-
Monthly     : Rs, 5,000/-
Fixed Sum Assured
5 * AP (Annualized Premium)

 

 

#Life Assured should be aged 18 years and above on Maturity Date.
* All the references to age are age as on last birthday.
 

 



Benefits:

·         Maturity Benefit: On completion of Policy Term, Fund Value will be paid.

      Fund value will be calculated based on NAV which is higher of:
o   NAV as on date of Maturity
o   The Guaranteed Maturity NAV
 
·         Death Benefit: Higher of the Fund Value or Sum Assured (net of partial withdrawals) is payable.
  
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

 

 

SBI Life Insurance – Smart ULIP (Series 2) Plan
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