Smart Woman Advantage | Savings cum Woman Insurance Plan - SBI Life
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SBI Life – Smart Women Advantage

UIN: 111N106V01

Product Code: 2C

SBI Life CSC Saral Sanchay Savings Insurance Plan

Women are born smart. Presenting a life insurance plan as Smart as them.

  • Women specific plan
  • Three-fold benefits
  • Inbuilt premium waiver option
  • Dual plan options
A participating Individual Traditional Endowment Plan

You, as a woman, play an important role for those near and dear to you. Have you focused on giving yourself the much-needed protection and financial security?

With SBI Life – Smart Women Advantage avail triple benefits of life cover, savings and Critical Illness (CI) benefit under a single, women-centric plan. With this three-fold advantage, spread your wings and soar high.

This plan has numerous benefits, such as –
  • Security –to protect your family in case of an eventuality
  • Reliability –through comprehensive coverage
  • Flexibility –to choose between two plans and coverage against pregnancy-related complications and child birth-related abnormalities

Enter your personal and policy-related details in our benefit illustrator below, and secure the future for both you and your family.
Watch yourself take on the world independently.

Highlights

SBI Life CSC Saral Sanchay

A participating Individual Traditional Endowment Plan

Samata, a 30-year old Marketing Consultant, secured her future and also looked after her health care needs, especially towards women-related critical illnesses, with this plan.You too can register for this plan to receive extensive coverage as well as maturity benefits with SBI Life – Smart Women Advantage.

Change the form fields below to see how you can benefit from this plan.

Name:

DOB:

Gender:

Female

Discount:

Staff None

J & K Resident:

Yes No

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

Policy Term

10 Years
15 Years

Plan

Platinum
Gold

A little information about the premium options...

Premium Frequency

Basic Sum Assured

2,00,000 10,00,000

Sum Assured Multiplier Factor


Let's finalize the rider options...

APC & CA Option:

APC & CA Sum Assured

Critical Illness Sum Assured


Reset

Base Sum Assured

CI Sum Assured


Premium frequency

Premium amount
(excluding taxes)


Premium Payment Term


Policy Term


Maturity Benefit

At assumed rate of returns** @ 4%


or
@ 8%

Give a Missed Call

 

Features

  • Life insurance coverage
  • Inbuilt Premium Waiver benefit in the event of Major Stage CI for in-force policies
  • Regular bonuses (if any), along with sum assured at maturity
  • Two plan options# – Gold and Platinum
  • Choose the level of death cover & CI cover
  • Option of Additional Pregnancy Complication and Congenital Anomalies (APC&CA)

#Specific Critical Illnesses (CI) are covered based on the plan chosen. Plan once selected at inception cannot be changed during the policy term

 

Advantages


Security

  • Ensure your family’s financial needs
  • Financial security to protect your health
  • Get additional coverage in case any pregnancy related complications and childbirth related abnormalities arise

Reliability

  • Enjoy comprehensive, three-fold benefits of protection, savings and CI benefits
  • In the case of a major stage critical illness, continue receiving plan benefits without any requirement of further premium payments.

 

Flexibility

  • Select the level of CI or death cover as per your choice
  • Also choose between the two plan variants– Gold and Platinum – to opt for women-related CI, or both women-related and other covered CI

 

Avail tax benefits*

Maturity Benefit (For In-force policies):

On survival of the Life Assured up to maturity, Basic Sum Assured# + Vested Simple Reversionary Bonuses + Terminal bonus, if any, will be paid.
#Here, Basic Sum Assured is equal to Guaranteed Sum Assured at Maturity.

Death Benefit (For In-force policies):


In the unfortunate event of death of the Life Assured, ‘Sum Assured on death’ along with Vested Simple Reversionary Bonuses Plus Terminal bonus (if any) or 105% of the premiums paid, whichever is higher, will be payable to the beneficiary. Where, Sum Assured on death is higher of following:

  • 10 times of annualized premium,
  • Guaranteed Sum Assured on Maturity,
  • The absolute amount assured to be paid on death, which is SAMF x Basic Sum Assured at Maturity.

The Policy would terminate on payment of death benefit.

Critical illness Benefit (For In-force policies):


Is payable based on stage of severity:-

  • At the Minor Stage of CI, the benefit payable is 25% of CI Sum Assured.
  • At the Major Stage of CI, the benefit payable is 100% of CI Sum Assured less any previously paid CI claims under the policy.
  • At the Advanced Stage of CI, the benefit payable is 150% of CI Sum Assured less any previously paid CI claims under the policy.

Where CI sum assured = SAMF x Guaranteed Sum Assured at Maturity.
CI sum assured and absolute amount assured on death are equal.

In-built Benefit:

  • Premium Waiver Benefit (For In-force policies):

    Once a claim under the Major stage of CI is accepted by the Company, all future premiums including APC&CA option premium, if any, for the policy will be waived for the rest of the policy term, from the date of diagnosis of the medical condition. The remaining policy benefits shall continue throughout the policy term.
  • Additional Pregnancy Complication and Congenital Anomalies (APC&CA) option: Provides cover against pregnancy related complications and child birth related abnormalities for which sum assured is fixed at 20% of Basic Sum Assured. This benefit is payable only once during the term of the option or till age of 45 years whichever is earlier. The Premium payable for this option will also ceases.

Tax Benefits*:

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.
For details regarding the coverage, definitions, waiting period, exclusions etc of Critical Illness (CI) cover and APC & CA option, please refer the sales brochure.
For more details on other risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on risk factors, terms and conditions of SBI Life – Smart Women Advantage, read the following documents carefully.
**All the references to age are age as on last birthday.
## 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.
^ In cases where APC&CA option is chosen, policy term should be appropriately chosen, so as the Maximum age at Maturity of the option is not breached.

2C.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.

*Tax Benefits:
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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1800 22 90 90(Available from 9:00 am to 9:00 pm everyday)

E-mail us at

info@sbilife.co.in