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SBI Life - Smart Power Insurance
UIN: 111L090V02
Product Code: 1C
Get the power
to grow your wealth
in an ever changing market
An Individual, Unit Linked, Non - Participating, Life Insurance Product
"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"
SBI Life - Smart Power Insurance provides two fund options, that gives you the independence to actively manage investments as per your choice or benefit from our expertise to balance your portfolio against market volatility.
Key Benefits :
#Policy would terminate after the payment of the TPD claim
"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"
SBI Life - Smart Power Insurance provides two fund options, that gives you the independence to actively manage investments as per your choice or benefit from our expertise to balance your portfolio against market volatility.
Key Benefits :
- Two plan options – Level Cover Option & Increasing Cover Option
- Two fund options to choose from - Trigger Fund Option and Smart Funds Option
- In-built Accelerated Total and Permanent Disability (TPD) Benefit#
#Policy would terminate after the payment of the TPD claim
Highlights
A non-participating, unit linked insurance plan
Dinesh, a 25-year-old engineer, can now meet his increasing liabilities, meet his short-term financial goals and secure his young family with this insurance plan.
Change the form fields below to see how you too can fulfil your life goals and secure your family’s future with SBI Life – Smart Power Insurance.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
- Secure your family’s financial future with Inbuilt Accelerated Total & Permanent Disability (TPD)
- Choice of increasing cover option
- Invest in any of the two fund options – Trigger Fund and Smart Funds, and two plan options - Level Cover Option and Increasing Cover Option.
- Market-linked returns with affordable premiums
- Partial withdrawals from 6th policy year
Advantages
Security
- Ensure your family is financially secure in case of any eventuality
Reliability
- Meet your changing financial needs to live comfortably
Flexibility
- Buy low and sell high with the Trigger Fund option or choose from 10 Smart Funds
Affordability
- Potential for wealth creation with nominal premiums
Liquidity
- You can make withdrawals to meet your financial needs from the 6th policy year
Maturity Benefit:
Death Benefit:
- On survival of the Life assured up to maturity, Fund Value will be paid in a lump sum.
- In the unfortunate event of death of the Life Assured, while the policy is in-force, Higher of A, B & C is payable to nominee/Beneficiary/Legal Heir:
A. Fund Value as on the date of intimation of death
B. Basic Sum Assured as applicable, less Applicable Partial Withdrawal#.
C. 105% of the total premiums received up to the date of death, less applicable Partial Withdrawal# is paid.
#Applicable Partial withdrawal is equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.
In-built Accelerated Total and Permanent Disability (TPD) Benefit:
- In case of TPD due to Accident or Sickness, 100% of the Death Benefit (as defined above) will be paid immediately and thereafter the policy would terminate.
Avail Tax Benefits*
For more details on risk factors, terms and conditions of SBI Life – Smart Power Insurance, read the following documents carefully.
#All the references to age are age as on last birthday.
$For monthly mode, upto 3 months premium to be paid in advance and renewal premium payment is allowed only though ECS, Credit Card, Direct debit and SI-EFT.
^Annualized Premium means the premium amount payable in a year excluding the applicable taxes.
$For monthly mode, upto 3 months premium to be paid in advance and renewal premium payment is allowed only though ECS, Credit Card, Direct debit and SI-EFT.
^Annualized Premium means the premium amount payable in a year excluding the applicable taxes.
NW/1C/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 is responsible for his/her decisions.
SBI Life Insurance Co. Ltd. is only the name of the insurance company and SBI Life – Smart Power Insurance 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.
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 Power Insurance 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.