By pursuing your navigation on our website, you allow us to place cookies on your device. These cookies are set in order to secure your browsing, improve your user experience and enable us to compile statistics For further information, please view our "privacy policy"
SBI Life - Smart Elite
UIN: 111L072V04
Product Code: 53
"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"
Your aspirations drive you to achieve the best and more in life. SBI Life - Smart Elite plan helps you to get more from your financial investments so that you can enjoy the liberty of achieving your dreams through market linked returns and protect loved ones future.
Key Benefits :
- Market Linked Returns through 8 varied funds as per risk appetite.
- No Premium Allocation Charge from 6th policy year to enhance fund value
- Life cover along with in-built Accident benefit^
^Additional coverage against Accidental Death or Accidental Total and Permanent Disability (Accidental TPD).
Fill in your details in the Benefit Illustrator below and see how you can benefit from this plan.
Seek only the best in every sphere of your life!
Highlights
Unit Linked, Non Participating Insurance plan
Manpreet, a businesswoman by profession, can maximize her wealth by investing in instruments of her choice while securing her family’s financial future.
Fill in the form fields below and enjoy the benefits of SBI Life – Smart Elite.Name:
DOB:
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
- Two protection options available – Gold option and Platinum option
- Inbuilt Accidental Benefit Cover
- Limited and single premium payment options
- Switch and redirection facility to pilot your investments
- Partial withdrawals from 6th policy year
Advantages
Security
- Safeguard your family financially in the case of any eventuality
Flexibility
- Choose premium payment term according to your requirements
- Modify your fund allocation as per changing market conditions
Liquidity
- Meet any unexpected expenses with partial withdrawals from 6th policy year
Avail tax benefits&
Maturity Benefit:
Applicable only for in-force policies:
- On completion of Policy Term, Fund Value will be paid.
Death Benefit:
Applicable only for in-force policies:
For Gold Option: Higher of Fund Value as on date of claim intimation or Sum Assured less applicable partial withdrawal* or 105% of total premiums received upto the date of death less applicable partial withdrawal*.
*Applicable partial withdrawal is equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.
For Platinum Option: Higher of (Fund Value as on date of claim intimation plus Sum Assured) or 105% of total premiums received upto the date of death is payable.
In-built Benefit:
Accidental Death and Accidental Total and Permanent Disability (Accident Benefit):
Provides an additional benefit for Accidental Death or Accidental TPD.
The death benefit can be taken as a lump sum or as per settlement option.
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.
Tax Benefits&
1Age mentioned in this document is age last birthday
2 Where Annualized Premium is the premium amount payable in a year excluding the applicable taxes
NW/53/ver1/01/22/WEB/ENG
Various charges such as ‘Premium Allocation Charges’, ‘Policy Administration Charges’, ‘Fund Management Charges’ etc are deducted. For the complete list of charges and their workings, please refer the Sales Brochure.
All the charges except Premium Allocation Charges and Mortality Charges are subject to revision with prior approval of IRDAI.
**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 insurance products and are subject to market risks. The premium paid in Unit Linked Insurance 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 insured / policyholder is responsible for his/her decisions.
SBI Life Insurance Company is only the name of the Insurance Company and SBI Life – Smart Elite 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 risks and the applicable charges, from your insurance agent or the intermediary or policy document.
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.