Money Back Insurance Policy | SBI Life Smart Money back Gold
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SBI Life – Smart Money Back Gold

UIN: 111N096V02

Product Code: 1N

Best Monthly Income Plan

Get your money back when you need it the most

  • Four money back plan options
  • Total survival benefits of 110% of sum assured
  • Four rider options
  • Rebates on large sum assured
Individual, Non-linked, with profit endowment assurance plan

Are you worried about meeting various financial obligations in the years to come? Do you wish to safeguard your family’s future?

Invest in SBI Life – Smart Money Back Gold, a participating traditional money back insurance plan, and avail twin benefits of life cover as well as periodic income to meet your financial requirements at crucial points in life.

This policy offers –
 
  • Security – protect your family’s future
  • Reliability – money back at regular intervals
  • Flexibility – choose your money back plan option
  • Affordability – through rider benefits at an affordable cost

Fill in your details in the benefit illustrator below to see how you can protect your family and meet your financial needs at the same time.

Live life to the fullest by freeing yourself from financial worries.

Highlights

SBI Life - Kalyan ULIP Plus

Individual, Non-linked, with profit endowment assurance plan

Mitesh used this money back plan to help him enroll his daughter in school and go for that international holiday, and is assured that his family’s financial future is secure.

Enter your details in the form field below and see how you can secure a brighter future.

Name:

DOB:

Gender:

Male Female

Discount:

Staff None

J & K Resident:

Yes No

Let's finalize the policy duration you are comfortable with...

Plan

Policy Term


A little information about the premium options...

Premium Frequency

Sum Assured

75000 250000000

Let's finalize the rider options...

SBI Life - Preferred Term Rider (UIN:111B014V02):

Term for Preferred Term Rider

5 30

SBI Life - Preferred Term Rider Sum Assured

25,000 50,00,000

SBI Life - Accidental Death Benefit (ADB) Rider (UIN: 111B015V02):

Term for ADB Rider

5 30

ADB Rider Sum Assured

25,000 50,00,000

Accidental Total & Permanent Disablity Benefit Rider (UIN:111B016V02):

Term for ATPDB Rider

5 30

ATPDB Rider Sum Assured

25,000 50,00,000

SBI Life - Criti Care 13 Non - Linked Rider (UIN: 111B025V02):

Term for Criti Care 13 Non -Linked Rider

5 30

Criti Care 13 Non - Linked Rider Sum Assured

25,000 20,00,000

Reset

Sum Assured


Premium frequency

Premium amount
(excluding taxes)


Premium Paying Term


Policy Term


Maturity Benefit

At assumed rate of returns** @ 4%


or
@ 8%

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Features

  • Get life cover benefit irrespective of survival benefits already paid
  • Total Survival benefit of 110% of sum assured paid till maturity
  • Four plan options with different policy term and survival benefits payable at specific durations
  • Get comprehensive coverage at an affordable cost with four rider options
  • Rebates on large sum assured

Advantages

Security
  • Meet your financial obligations and secure your family’s future

Reliability

  • Regular cash flow at specific intervals to meet your financial needs

Flexibility

  • Four money back plan options to suit your needs

Affordability

  • Enhance your coverage through four rider options at a nominal cost
    • SBI Life - Preferred Term Rider
    • SBI Life - Accidental Death Benefit Rider
    • SBI Life - Accidental Total and Permanent Disability Benefit Rider
    • SBI Life - Criti Care 13 Non-Linked Rider

Avail tax benefits*

On Survival:

  • Before Maturity:
    The survival benefit installments expressed as a fixed percentage of Basic Sum Assured payable at the end of specified intervals during the policy term, as explained below.
  • At Maturity:
    Final survival benefit installment + Vested Simple Reversionary Bonus + Terminal Bonus, if any.

On Death:


In the unfortunate event of death during the term of the plan, provided the policy is in-force:

  • Higher of A or B is paid to the nominee, where:

A = Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal bonus, if any.
Sum Assured on death is higher of Basic Sum Assured or a multiple of annualized premium; where multiple is:
  Age at entry of Life Assured less than 45 years Age at entry of Life Assured 45 years or more
Multiple of annualized premium 10 7

B = Minimum death benefit which is equal to 105% of all the premiums paid.


Other Benefits
 

Additional cover through four set of riders: -

  • SBI Life - Preferred Term Rider (UIN:111B014V02): The Preferred Term rider Sum Assured is payable in addition to normal death benefit
  • SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02): In case of death due to an accident, the rider Sum Assured is payable in addition to normal death benefit
  • SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN 111B016V02) The rider Sum Assured will be paid on the Life Assured being found eligible for the Total & Permanent Disability Benefit as defined in the policy document.
  • SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02): The rider sum assured would be payable on the life assured being diagnosed with any of the thirteen diseases. For details on illnesses covered, please refer the rider brochure.
^All the references to age are age as on last birthday.
*The maximum sum assured would be subject to board approved underwriting policy. The maximum premium would be based on the sum assured offered.
# For Monthly mode, 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card) For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction

1N.ver.03-10/17 WEB ENG

**Assumed rates of returns @4% and @8% p. a. respectively, are only illustrative scenarios at these rates after considering all applicable charges. The bonus rates are assumed constant during the bonus accrual period, where as actual bonus could vary, depending on the investment experience of the Company. These are not guaranteed and they are not higher or lower limits of returns. Returns are dependent on a number of factors including future investment performance.

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.

*Tax Benefit:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
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 here. Please consult your tax advisor for details.

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info@sbilife.co.in