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| Brochure | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs |
| Mortality Charges for SBI Life – Horizon III |
| IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER |
Introduction
Key Features
Product Snapshot
Benefits
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Introduction:
SBI Life - Horizon III, is a dynamic and attractive non participating Unit Linked Insurance Plan. With Horizon III, we give you a hassle free way to get market linked returns through the unique feature of Automatic Asset Allocation, so you truly don’t need to be an expert to grow your money! Should you be keen on managing your money actively, we also give you the freedom to take charge of your investments.
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Key Features:
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Hassle free investment management by way of Automatic Asset Allocation where SBI Life through its proven investment expertise manages your investments on your behalf.
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If you believe in managing your Investments actively, you can choose between 4 diverse fund options at your disposal.
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You can also enjoy the best of both worlds, through a combination of Automatic Asset Allocation and Active Fund Management option.
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No Premium Allocation Charge from 6th year onwards, thereby enhancing your fund value.
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Twin Benefit of Market linked returns and insurance cover.
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Flexible product with an option to increase/decrease your premium and Sum Assured from 4th year onwards
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Option to boost your investments through Top-ups.
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Switch facility and redirection facility to give you the power for active management of your investments
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Option to customize the product with a wide range of riders - Criti Care 13 Rider (UIN: 111A018V01), Accidental Death Benefit Linked Rider (UIN: 111A019V01), Premium Payor Waiver Benefit Rider (UIN: 111A017V01) and Income Sustainer Rider (UIN: 111A020V01).
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Product Snapshot
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| Age at Entry* |
Min: 0 years |
Max:60years |
| Max. Age at Maturity |
70 years |
| Sum Assured |
Min: Annualized Basic Premium × 5
Max:
For age of entry upto 45 years: Annualized Basic Premium × 20
For age of entry above 45 years: Annualized Basic Premium × 10
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| Policy Term** |
10/15/20/25/30 years |
| Premium Paying Term |
Same as policy term |
| Premium Modes |
Yearly / Half-yearly / Quarterly / Monthly |
| Regular Premium Amounts |
Min
Yearly Rs 18,000
Half-yearly Rs 9,000
Quarterly Rs 4,500
Monthly Rs 1,500 |
Max
No limit
No limit
No limit
No limit |
| Top Up Premium |
Min Rs. 2,000 |
| Max: Cumulative top-ups cannot exceed 25% of total basic premium (s) |
| Tax Benefits*** |
Available under Sec. 80C, Sec. 80D & Sec. 10(10D) of Income Tax Act, 1961 |
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* All the references to age are age as on last birthday.
**In case of minor lives, the policy term should be appropriately chosen so as to ensure that life assured will be at least aged 18 years (last birthday) as on the maturity date.
***Tax benefits are subject to change in tax laws. Please consult your Tax advisor for details.
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Benefits
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Death Benefit:- Higher of the Fund Value or Sum Assured is payable. However for minor lives the risk commences from 7 years of age last birthday and on death before attainment of 7 years of age the fund value is payable.
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Maturity Benefit:- On survival of the life assured, the Fund value shall be paid. You have the option of taking the Fund Value as a Lump Sum or through the Settlement Option.
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Rider Benefits: |
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Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis
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Accidental Death Benefit Linked Rider: Provides additional death benefit if the death occurs as a result of an accident.
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Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.
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Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.
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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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