Product Code: 2B
Unit linked, non-participating life insurance plan
Gender:Male Female Third Gender
Kerala Resident:Yes No
Policy Term5 30
Premium Frequency Mode
Sum Assured Multiplier Factor1.25 7
Premium Payment Term Option5 30
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
Premium Payment Term
Maturity BenefitAt assumed rate of returns** @ 4%
- 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.
**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 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.