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SBI Life - Saral InsureWealth Plus
UIN: 111L124V02
Product Code: 2H
Make every
dream, a reality,
with an EMI# that
earns for you.
The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.
For you, your family's happiness and protection comes first. Now, you can live life stress-free with SBI Life - Saral InsureWealth Plus, a market linked plan that builds wealth to fulfill your dreams while protecting your family's tomorrow
Key Benefits :
- Easy Monthly Insurance to help your achieve your goals
- Choice of 8 diverse funds to suit your risk appetite
- Systematic Monthly Withdrawals* to facilitate regular payouts
#Easy Monthly Insurance for life coverage.
*From 11th policy year onwards, provided all due premiums have been paid and policy is in force.
Highlights
Unit linked, non-participating, insurance plan
Jeet, a 35-year-old, can now enjoy his financial independence and protect his family’s future with this unit linked plan.
Enter your details in the form fields below to see how you too can enjoy your financial freedom with SBI Life - Saral InsureWealth Plus.Name(Assured):
DOB(Assured):
Gender:
Male Female Third GenderStaff:
Yes No
Sum Assured
Premium frequency
Premium amount
Premium Payment Term
Policy Term
Maturity Benefit
At assumed rate of returns** @ 4%or
@ 8%
Features
- Easy Monthly Insurance for Life coverage
- Choice of 8 fund options as per your risk appetite
- Systematic Monthly Withdrawal from 11th Policy Year provided the policy is in-force to facilitate regular payouts
- Fund Value Boosters for policies in-force through loyalty additions, from the end of the 6th Policy Year
- Partial Withdrawal option from 6th Policy Year
- Tax benefits as per income tax laws*
Advantages
Security
- Financial protection that ensures your family’s security in case of an eventuality
Simplicity
- Monthly premiums for systematic growth
Flexibility
- Multiple fund options to suit your risk appetite and wealth creation strategy
Reliability
- Loyalty benefits from 6th policy year onwards for in-force policies
Liquidity
- Option of Partial withdrawal and
- Systematic Monthly Withdrawal to meet your regular expenses provided the policy is in-force.
- Fund Value at prevailing NAV on the maturity date will be, payable in lumpsum
Death Benefit (Applicable only for in-force policies):
- For Life Assured with entry age below 8 years:
On death of the minor lives before the date of commencement of risk under the policy, the company will pay the Fund Value as on the date of intimation of the claim to the company.
On death of the minor lives on or after the date of commencement of risk, the company will pay the Death benefit as mentioned below for age at entry 8 years and above.
- For Life Assured with entry age 8 years and above:
On death of the Life Assured with entry age 8 years and above, the company will pay the Death benefit as mentioned below.
Higher of
- 1. The Fund Value as on the date of intimation of death to the company, or
- 2. Basic Sum Assured less Applicable Partial Withdrawal (APW)^, or
- 3. 105% of the total premiums received upto the date of death less Applicable Partial Withdrawal (APW)^
^APW equals an amount equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.
Settlement Option: Nominee or beneficiary or legal heir has the option to receive the Death Benefit, in instalments over 2 to 5 years under 'Settlement' Option as yearly, half yearly, quarterly or monthly payouts as required, from the date of death.
Note: During the settlement period, the investment risk in the investment portfolio is borne by the beneficiary.
NW/2H/ver1/02/22/WEB/ENG
**Assumed rates of returns @4% and @8% p. a., are only illustrative scenarios at these rates after considering all applicable charges. These are not guaranteed and they are not higher or lower limits of returns. Unit Linked Life Insurance products are subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their future prospects or returns.
Unit Linked Life Insurance products are different from the traditional products and are subject to market risks. The premium paid in Unit Linked policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder/insured is responsible for his/her decisions. SBI Life Insurance Co. Ltd. is only the name of the insurance company and SBI Life - Saral InsureWealth Plus is only the name of the unit linked Life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document from the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
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 may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. For further details click here. Please consult your tax advisor for details.