 |
| Brochure | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs |
| Mortality Charges for SBI Life – MAHA ANAND II |
| IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER |
Introduction
Features of SBI Life - Maha Anand II
Product Snapshot
Benefits
|
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 up to 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 (UIN: 111A019V01). |
| • |
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. |
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. |
