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| Brochure | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs |
| Mortality Charges for SBI Life – Unit Plus Elite II |
| IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER |
Introduction
Features of SBI Life – Unit Plus Elite II
Product Snapshot
Benefits
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Introduction:
SBI Life- Unit Plus Elite II is a Unit Linked Insurance plan, exclusively for special customers like you. It gives you flexibility to pay premium for limited term with the freedom to stay invested and protected for the long term. What’s more, you have the power of choosing the options best suited to your needs, which come to you at unbelievably low costs. All this and more, coming from SBI Life- your preferred insurer- adds enormous value to your investments.
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Features of SBI Life - Unit Plus Elite II:
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Pay premiums only for a limited term of 3, 5, 7 or 10 years as per your convenience and enjoy benefits throughout the chosen policy term.
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Twin Benefit of Market linked returns & insurance cover
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Two protection covers available: Gold Cover which gives you the higher of Sum Assured or Fund Value & Platinum Cover gives you both Sum Insured and Fund Value.
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Option to increase/decrease your premium and Sum Assured from 4th year onwards
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Invest in wide range of funds and manage them as per your convenience.
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Facility to make Top up payments, to boost your investment
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Liquidity through partial withdrawals
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Enhanced Value at optimal costs.
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Accidental Death and Accidental Total and Permanent Disability benefit automatically comes to you as an integral part of the plan!
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Product Snapshot
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| Age at Entry* |
Minimum: 18 years Maximum: 60 years |
| Max. Age at Maturity |
65 years |
| Policy Term |
3/5/7/10 Years |
Minimum Premium Amounts
(x100) |
Yearly : Rs. 100,000/-
Half-yearly : Rs. 50,000/-
Quarterly : Rs. 25,000/-
Monthly : Rs. 10,000/- |
Maximum Premium Amounts
(x100) |
No Limit |
| Premium Modes |
Yearly / Half-yearly / Quarterly / Monthly |
| Sum Assured |
Minimum: 5 * Annualised Premium
Maximum: Age at entry upto 45 years: 20 * Annualised Premium
Age at entry above 45 years: 10 * Annualised Premium |
Top-up Amount
(x100) |
Minimum: Rs 20,000/-
Maximum: 25% of the basic regular premium paid till date |
| Tax Benefits# |
Under Sec. 80C and Sec. 10(10D) of Income Tax Act,1961 |
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* 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.
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Benefits:
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Maturity Benefit: On completion of policy term, Fund Value will be paid. |
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Death Benefit: |
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For Gold Cover: Sum Assured or Fund Value, whichever is higher. |
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For Platinum Cover: Sum Assured plus Fund Value.
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In-Built Benefit: |
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Accidental Death and Accidental Total and Permanent Disability (Accidental Cover) which covers for amount equal to basic sum assured subject to an overall maximum of Rs 50 Lakhs.
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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. |
