SBI Life - Smart Privilege | Best Life Insurance Plan for UHNI
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SBI Life - SMART PRIVILEGE

UIN: 111L107V02

Product Code: 2B

Smart Privilege ULIP Insurance Plan

Excellent decision for a life par excellence.

  • Specially crafted for UHNIs (Ultra High Net-worth Individuals)
  • Regular loyalty additions
  • 11 funds for investment
  • Investment flexibility
  • Market-linked returns
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"


You’ve made your mark, you’re held in high regard, and your achievements reflect the wise decisions you’ve made. Do you now wish to make smart financial decisions that will propel the value of your savings higher?

Presenting SBI Life – Smart Privilege for UHNIs like you, grow your wealth by choosing from among 11 funds with unlimited free switches and redirections. Also, enjoy the benefit of insurance coverage as you multiply your investments.

This Unit Linked Insurance Plan (ULIP) offers –
  • Security – for your family in case of any eventuality
  • Reliability – through assured loyalty benefits from 6th policy year onwards for in-force policies^
  • Flexibility – to manage the invested funds and choose from multiple premium options
  • Liquidity - partial withdrawals from 6th policy year or attainment of 18 years of age,whichever is later

Enter your details in our benefit illustrator below and see how your investments can reflect your high achievements.
Secure your life, secure your happiness!

Highlights

SBI Life Smart Privilege

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

Kerala Resident:

Yes No

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

Policy Term

5 30

Plan Type


A little information about the premium options...

Premium Frequency Mode

Premium Amount

50,000 250000000

Sum Assured Multiplier Factor

1.10 15

Premium Payment Term Option

5 30

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

Bond Fund (%)

0 100

Top 300 Fund (%)

0 100

Pure Fund (%)

0 100

Midcap Fund (%)

0 100

Bond Optimiser Fund (%)

0 100

Money Market Fund (%)

0 100

Corporate Bond 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

 
  • Life insurance coverage along with market-linked returns
  • Loyalty Additions starting as early as 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, 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.

^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 Privilege, read the following documents carefully.
1All the references to age are age as on last birthday.
2Where annualized Premium means the premium amount payable in a year  excluding the applicable taxes.
 
 
Note: In case of the minor lives, the policy term should be appropriately chosen so as to ensure that life assured will be at least aged 18 years (last birthday) as on the maturity date. In case of minor lives, date of commencement of policy and date of commencement of risk shall be same and the policyholder/proposer can be parents, or legal guardian etc.

2B.ver.01-11-19 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.

 

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.

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1800 267 9090(Available from 9:00 am to 9:00 pm everyday)

E-mail us at

info@sbilife.co.in