Product Code: 2H
Unit linked, non-participating, insurance plan
Gender:Male Female Third Gender
Premium Payment Mode
Equity Fund (%)0 100
Equity Optimiser Fund (%)0 100
Growth Fund (%)0 100
Balanced Fund (%)0 100
Corporate Bond Fund (%)0 100
MidCap Fund (%)0 100
Bond Optimiser Fund (%)0 100
Pure Fund (%)0 100
Premium Payment Term
Maturity BenefitAt assumed rate of returns** @ 4%
Death Benefit (Applicable only for in-force policies):
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.
On death of the Life Assured with entry age 8 years and above, the company will pay the Death benefit as mentioned below.
^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.
**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 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.