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Home > Unit Linked Plans > SBI Life - Smart Wealth Assure

SBI Life - Smart Wealth Assure
(UIN : 111L077V02)

(Product Code : 55)
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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 – Smart Wealth Assure
Key Features

Product Snapshot
SBI Life - Smart Wealth Assure is a Unit Linked non-participating Life Insurance Plan. It is a single premium plan, wherein you have to pay premiums once and you can continue to enjoy the benefits throughout the policy term.

The plan helps you to enjoy market related returns along with insurance cover, with just a single premium
Key Features:
Option to choose a mix of funds providing Market Linked Returns
Market Linked Returns provided through 2 funds – Bond Fund & Equity Fund to give you the best possible returns
Pay only once and get the benefits throughout the Policy Term
Liquidity through Partial Withdrawal(s)
Option to customize the product with Accidental Death Benefit Option

Product Snapshot
Age* at Entry Min: 8 years Max: 65 years
Age* at Maturity 75 years
Policy Term 10 to 30 Years (both inclusive)
Premium Payment Term Single Premium (SP)
Single Premium Amount (X 100)

Min: Rs 50,000 
Max: No limit      

Sum Assured

For Ages  below 45 yrs : 1.25 x SP
For Ages  45yrs & above: 1.10 x SP

For Ages  below 45 yrs : 5 x SP
For Ages  45yrs & above: 3 x SP

* All the references to age are age as on last birthday.

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 Single premium paid.
Accidental Death Benefit Option: 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 benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
## Net of partial withdrawals

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
55.ver.01-03/14 WEB ENG
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDA clarifies to public that • IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDA 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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Registered & Corporate Office: SBI Life Insurance Co. Ltd, Natraj, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069.
CIN: U99999MH2000PLC129113
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