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Home > Unit Linked Plans > SBI Life - Saral Maha Anand

SBI Life - Saral Maha Anand
(UIN : 111L070V02)

(Product Code : 50)
SBI LIFE Saral Maha Anand
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"The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year"
Mortality Rates for SBI Life - Saral Maha Anand
Key Features

Product Snapshot
SBI Life - Saral Maha Anand is a product created just for you, which will pleasantly surprise you with its sheer Simplicity and Convenience! It is a unit linked, non participating life insurance plan, which lets you manage your investments according to your risk appetite, giving you the power to realise market related returns on your policy. You can choose your required life insurance cover subject to a minimum and a maximum level.
Key Features:
No medical examination, Simple joining process^^
Guaranteed Additions of up to 30% of one annual premium, for a 20 year policy term, subject to the Policy being in force till the maturity date.
3 fund options, to enjoy market related returns as per your risk appetite.
No Premium Allocation Charge from 11th year onwards, thereby boosting your fund value
Liquidity through partial withdrawals
Option to customize the plan through SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V02)
Twin Benefit of Market linked returns & insurance cover

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 Range (x100)
Premium Frequency Minimum (in Rs.) Maximum (in Rs.)
Yearly 15,000 29,000
Half-yearly 9,500 14,500
Quarterly 5,500 7,200
Monthly 2,000 2,400
Premium Modes Yearly / Half-yearly / Quarterly / Monthly
Sum Assured
Minimum (in Rs.) Maximum (in Rs.)
Age below 45 years Age 45 years or above Age below 45 years Age 45 years or above
10 x AP 7 x AP 20 x AP 20 x AP
Maturity Benefit: On completion of Policy Term, Fund Value will be paid.
Death Benefit: Higher of the Fund Value or Sum Assured# is payable; with a minimum of 105% of total basic premiums paid till the time of death
Rider Benefits:
SBI Life - Accidental Death Benefit Linked Rider: Provides additional death benefit, if the death occurs as a result of an accident.
Tax Benefits
Tax deduction under Section 80 C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.
Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.

You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details: Please consult your tax advisor for details.
^ All the references to age are age as on last birthday
^^ No medical underwriting if no adverse declaration is made in the proposal form by the policyholder
# Net of partial withdrawals
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For more details on Riders, terms and conditions please read rider brochure.
Rider Brochure
SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V02)
Rider Document:
SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V02)
50.ver.02-07/15 WEB ENG
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
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IRDAI Registration no. 111 issued on 29th March 2001.
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CIN: U99999MH2000PLC129113
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