SBI Life - Smart InsureWealth Plus | Lowest Premium ULIP Policy
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SBI Life - Smart InsureWealth Plus

UIN: 111L125V01

Product Code: 2J

SBI Life - Smart InsureWealth Plus

An EMI* that pays you

  • Easy Monthly Insurance
  • Choice of 3 investment strategies
  • Return of Mortality Charges on maturity
  • Systematic Monthly Withdrawal
  • Loyalty Additions

*Easy Monthly Insurance for Life Coverage


Non-Participating, Unit-linked Life Insurance Plan

 

"The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year"

Invest in a smart insurance plan with multiple features providing disciplined savings and options to suit your risk appetite

SBI Life - Smart InsureWealth Plus plan gives you life insurance coverage along with disciplined savings and wealth creation with the flexibility of Systematic Monthly Withdrawal.Choose between 3 investment strategies and 9 diverse funds under the Smart Choice Strategy.

The SBI Life - Smart InsureWealth Plus plan offers you with:
  • Security – Assuring family’s protection in the case of an eventuality
  • Flexibility – Choice of 3 investment strategies to suit your needs & choice of 9 Fund Options under Smart Choice Strategy
  • Reliability- Through Return of Mortality Charges on maturity of Policy & assured loyalty additions at the end of every policy year starting from 11th policy year onwards for in-force policies
  • Liquidity –Partial withdrawals from the 6th policy year and Systematic Monthly Withdrawal from the 11th policy year or attainment of 18 years of age

Try the premium calculator below, for a clear understanding of this ULIP and its benefits.

Highlights

SBI Life - Smart InsureWealth Plus

Unit linked, non-participating, insurance plan

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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 - Smart InsureWealth Plus.

Name(Assured):

DOB(Assured):

Gender:

Male Female Transgender

Staff:

Yes No

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

Policy Term

Plan Type


A little information about the premium options...

Premium Payment Mode

Premium Amount

4,000 250000000

Let's finalize the Fund options...

Select Investment Strategy

Trigger Strategy
Auto Asset Allocation Strategy
Smart Choice Strategy

How would you like to split your investment?

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

Money Market Fund (%)

0 100

Reset

Sum Assured


Premium frequency

Premium amount


Premium Payment Term


Policy Term


Maturity Benefit

At assumed rate of returns** @ 4%


or
@ 8%

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Features

  • Easy Monthly Insurance for Life coverage
  • Choice of 3 Investment Strategies to suit your needs – Trigger Strategy, Auto Asset Allocation Strategy, Smart Choice Strategy
  • Choice of 9 fund options under Smart Choice Strategy
  • Return of Mortality Charges(ROMC) on maturity of Policy
  • Fund Value Boosters for policies in-force through loyalty additions, from the end of the 11th Policy Year
  • Option of Partial Withdrawal from 6th Policy Year & Systematic Monthly Withdrawal from the 11th policy year
  • Tax benefits as per income tax laws*

Advantages

Security

  • Financial protection assuring family’s protection in case of an eventuality

Reliability:

  • Return of Mortality Charges on maturity of Policy & Assured loyalty additions from 11th policy year onwards for in-force policies

Flexibility

  • Choice of 3 investment strategies to suit your needs & option to switch among 9 funds to suit your changing needs under Smart Choice strategy

Liquidity

  • Option of Partial withdrawal and Systematic Monthly Withdrawal to meet your regular expenses.
Maturity Benefit (Applicable only for in-force policies):
  • Fund Value at prevailing NAV on the maturity date will be, payable in lump sum along with the Return of Mortality Charges (ROMC). The Fund Value can be availed in installments as per the settlement option chosen on maturity.
Death Benefit (Applicable only for in-force policies):
  • Higher of Fund Value as on the date of intimation of death to the company, Or Sum assured## or 105% of total premiums paid till date of death is payable

  • For Life Assured with entry age below 8 years:
    On Death before the date of commencement of risk under the policy, Fund Value as on the date of intimation of the death to the company is payable.

    ##Sum Assured will be reduced to the extent of applicable partial withdrawals(APW)^ made in the last 2 years immediately preceding the death of the Life Assured

    ^APW equals an amount equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured. However, on attainment of age 60 years , all the partial withdrawals made within 2 years before attaining age 60 years and all the partial withdrawals made after attaining age 60 years will be reckoned for adjusting out of the sum assured to determine actual sum payable on death.

    For more details on 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 InsureWealth Plus, read the following documents carefully.
* All the references to age are age as on last birthday.

@In case of minor lives with entry age below 8 years, the risk commences on completion of 1 policy year and 11 policy months from the date of commencement of policy. For entry age of 8 years and above, risk commences immediately.

$$ In case of minor lives, policy term should be appropriately chosen so as to ensure that at the time of maturity of the policy, life assured should be a major.

2J.ver.01-01-19 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.


Various charges such as ‘Premium Allocation Charges ’, ‘Fund Management Charges’ etc. are deducted. For the complete list of charges and their workings, please refer the Sales Brochure.

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 is responsible for his/her decisions. SBI Life Insurance Co. Ltd. is only the name of the insurance company and SBI Life – Smart InsureWealth Plus is 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. 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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