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| Brochure | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs |
| 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:
Your golden years will now indeed be ‘Golden’…SBI Life Insurance introduces Unit Plus III Pension, a unit linked non-participating pension plan that makes sure that you have regular income after you retire. With the unique advantage of 8 diverse fund options to suit your risk profile, Unit Plus III Pension also packs in the added protection through two attractive riders. All this and more at surprisingly lower costs, that deliver superior value so you can be sure that good times are here to stay.
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Key Features:
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Guaranteed Additions of 5% every year from the 6th policy year onwards, on one annualized regular premium and 1% on the Single Premium |
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Enhanced investment opportunity through 8 Dynamic Fund Options including Index Pension Fund, Top 300 Pension Fund |
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No Premium Allocation Charge from 6th year onwards, thereby enhancing your fund value. |
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Option to avail added protection with 2 new riders – SBI Life - Criti Care 13 Rider (UIN: 111A018V01), and SBI Life Income Sustainer Rider (UIN: 111A020V01) |
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Twin Benefit of Market linked returns & regular income |
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Enjoy complete flexibility to increase/decrease your premium amount. |
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Choice of early/ late retirement: Option to alter your vesting age to suit your requirements. |
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Convenience to pay premiums at regular intervals or as a single premium. |
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Option to boost your investments through Top-ups.
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Product Snapshot
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| Age at Entry |
Min: 18 years |
Max:67 years for Regular
Premium and 70 years for
Single Premium |
| Age at Maturity/Vesting |
Applicable for both Regular and Single premium options
Min: 40 years Max: 75 years
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| Policy Term |
Min. Term:
For Regular Premium: 8 years
For Single Premium : 5 years |
Max. Term:
For Regular Premium & Single Premium : 50 years |
| Premium Modes |
Yearly / Half-yearly / Quarterly / Monthly /Single |
| Regular Premium Amounts |
Min
Yearly Rs 24,000
Half-yearly Rs 12,000
Quarterly Rs 6,000
Monthly Rs 2,000 |
Max
No limit
No limit
No limit
No limit |
| Single Premium Amounts |
Rs 60,000 p.a. |
No limit |
| Top Up Premium |
Min Rs. 5,000 |
| Max: 100% of the basic Regular/ Single premium paid till date |
| Tax Benefits** |
According to Sec. 80C, Sec. 80D & Sec. 10(10A) iii of Income Tax Act, 1961 |
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* All the references to age are age as on last birthday.
**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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On Death, Total Permanent Disability or Critical Illness (Before Vesting Date) :-In the unfortunate event of death or total permanent disability or critical illness whichever is earlier, the Fund Value at that time shall be payable
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Maturity/Vesting Retirement Benefit:- The Policy will be terminated on vesting, and the fund value payable on vesting can be utilized as follows:
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Purchase Annuity Plan for the entire amount. |
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Commute up to one third of Fund Value as lump sum and the balance can be used for the purchase of annuity.
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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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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. |
