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SBI Life - Smart Privilege
UIN: 111L107V03
Product Code: 2B
Make every
moment in life
worth
a lifetime.
“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.”
You are an achiever, admired for your excellent decisions in life. As you have established your achievements, you only settle for the best, be it personal or financial goals. SBI Life – Smart Privilege offers protection and lets you control your investment in market through multiple fund switches and loyalty additions to boost your fund value.
Key benefits:
- Wealth creation through market linked returns with choice of 11 diverse fund options
- Loyalty additions starting from the end of 6th policy year to boost fund value, for in-force policies only
- Unlimited free switching basis your market outlook
Highlights
Unit linked, non-participating life insurance plan
Umez, leading a well-renowned global MNC, can maintain his legacy through this unit linked plan.
Fill in the form fields below to get a snapshot of how SBI Life – Smart Privilege can benefit you.Name:
DOB:
Gender:
Male Female Third Gender
Sum Assured
Premium frequency
Premium amount
Premium Payment Term
Policy Term
Maturity Benefit
At assumed rate of returns** @ 4%or
@ 8%
Features
- Life insurance coverage along with market-linked returns
- Loyalty Additions starting as early as from the end of 6th policy year onwards for in-force policies.
- Option of paying premiums throughout the term or for a limited period or through a single payment.
- Option of 11 different funds.
- Unlimited free switches and premium redirection
- Partial withdrawals from 6th policy year or on attainment of age 18 years by the life assured, whichever is later
Advantages
Security
- Secure your family’s dreams through protection and wealth creation
Reliability
- Grow your wealth through regular loyalty additions
Flexibility
- Manage your funds as per your investment objectives and risk appetite
- Pay premiums as per your convenience
- Manage your evolving financial priorities with unlimited free switching facility
Liquidity
- Meet unexpected financial expenses with partial withdrawals from the 6th policy year or 18 years of age whichever is later
Avail tax benefits*
Maturity Benefit: (Applicable only for in-force policies):
- On completion of Policy Term, Fund Value will be paid in lumpsum.
Death Benefit: (Applicable only for in-force policies):
Higher of
- Fund Value as on the date of death intimation or
- Sum Assured less Applicable Partial Withdrawals (APW)#, if any or
- 105% of the total Premiums received upto the date of death less Applicable Partial Withdrawals (APW)#, if any
#APW equals partial withdrawals, if any, in the last 2 years immediately preceding the death of the Life Assured.
*Tax Benefits:
You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India.Please consult your tax advisor for details.
For further details click here.
^For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
2Where annualized Premium means the premium amount payable in a year excluding the applicable taxes.
NW/2B/ver1/12/21/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 Privilege 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. You may visit our website for further details here. Please consult your tax advisor for details.