SBI Life – eWealth Insurance is an Individual, Non-Participating, Unit Linked Life Insurance Plan (ULIP) which allows you to avail life Insurance cover & market linked returns to meet your investment needs and also to secure your family’s financial future. This is a special ULIP plan that can give you life cover along with Market linked returns. Below listed are the benefits of SBI Life – eWealth Insurance:
This ULIP plan offers the dual benefits of life cover and wealth creation. A part of your premium goes towards providing life coverage, and the rest is allocated to market-linked funds.
As the policy term progresses, the asset allocations in equity funds reduce and debt and market funds increase automatically.This ensures automatically balancing of funds to counter market fluctuations
That’s right! There are NO PREMIUM ALLOCATION CHARGES applicable in this Unit Linked Insurance Plan.
This ULIP comes with 2 plan options, Growth Plan and Balanced Plan.
This option moves your assets from equity to debt and money market as the policy term progresses
In this option overall exposure to debt and money market investments is higher, giving you a balanced approach
In case there is any financial emergency you are facing then this policy offers partial withdrawal from the 6th policy year.
Regardless of which plan option you choose; this ULIP comes with an affordable premium. It starts as low as Rs.2000 per month.
You can avail tax benefits on payment of premium under section 80C of Indian Income Tax Act 1961*
*Tax benefits as per income Tax Laws & are subject to changes from time to time.Please consult your Tax advisor for details.
SBI Life – eWealth Plus is an Individual,Unit Linked ,Non-Participating, Life Insurance,Savings Product.
• Twin benefits of Life Insurance Cover throughout the policy term and Market Linked Returns
• Choice of two Investment Strategies - Growth Strategy based on overall exposure to Equity, Debt and Money Market instruments and Active Strategy – to invest within 12 fund options as per your risk appetite.
• Hassle free investment management through Automatic Asset Allocation under Growth Strategy
• Premiums starting as low as Rs 3,000 per month
• No Premium Allocation Charges, thereby enhancing your Fund Value
• Easy and Simple 3 Step Online Buying Process
• Liquidity through Partial Withdrawal(s) from 6th policy year onwards
• Enhanced Protection: Option to add #SBI Life- Accident Benefit Rider-Linked & ^SBI Life- Waiver of Premium Rider-Linked
#SBI Life – Accident Benefit Rider -Linked (UIN: 111A042V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
^SBI Life- Waiver of Premium Rider-Linked (UIN: 111A049V01) -Upon the death, disability, or diagnosis of a covered critical illness of the Proposer, all future premiums for the base policy and any attached riders will be waived.
There are two fund management strategies available under this product – Growth Strategy and Active Strategy.
Growth Strategy: In this strategy, the Premium is invested through the ‘Automatic Asset Allocation’ feature. In the Automatic Asset Allocation feature, the allocations in Equity fund reduces and the allocations in the Bond fund and Money Market fund increases, in a pre-determined percentage, as the Policy Term progresses.
Active strategy: In this strategy, you can choose your own fund allocation from twelve unit funds, as per your risk appetite. Strategy once chosen, at policy inception, cannot be changed later on during the policy term. The units are allocated depending on the price of units for the funds. The Fund Value is the total value of units that you hold across all the unit-linked funds.
IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
"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 Wealth Builder is an individual, unit-linked non-participating life insurance product. It offers regular, limited, and single premium payment options. A ULIP calculator will offer a better glimpse at your life cover and wealth creation opportunities at varying scenarios.
SBI Life - Smart Wealth Builder, offers guaranteed additions (starting from the 10th year of policy) based on the policy term.
Life Insurance coverage will be available throughout the policy term.
From the 11th policy year onwards, no charges will be levied for premium allocation.
This ULIP plan provides an enhanced wealth creation opportunity via eleven varied fund options.
In case of death of the life assured during the policy term provided the policy is in force, the higher of the following will be payable :
The nominee or beneficiary (legal heir) can receive the Death Benefit as lump sum or in instalments over two to five years under the 'Settlement' Option in the form of yearly, half-yearly, quarterly or monthly pay-outs.
#Applicable Partial Withdrawal is equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.
Applicable for in-force policies, Fund Value is payable in lump sum if the life assured survives up to maturity.
SBI Life - Smart Wealth Builder offers : Switching between eleven funds
You can avail tax benefits on payment of premium under Section 80C of Indian Income Tax Act 1961*
*Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
SBI Life – eShield Next is an Individual, Non-Linked, Non-Participating, Life Insurance, Pure Risk Product. The term insurance plan with its range of benefits helps secure your existing responsibilities, along with your family’s future.
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Choose from three plan options- Level cover, Increasing Cover, and Level Cover with Future Proofing Benefit depending on your needs.
Level Cover
- The absolute sum assured on death remains the same throughout the policy term.
Increasing Cover
- The absolute sum assured on death increases by a rate of 10% of the Basic Sum assured at the end of every 5th policy year, subject to a maximum increase of up to 100% of Basic Sum Assured.
Level Cover with Future Proofing Benefit
- Under this Plan option, the Life Assured has a choice to increase Absolute Amount Assured on Death on attaining certain Life Stages during the policy term, without further medical underwriting, applicable from next policy anniversary following the acceptance of the request for the increase. These Life Stages and the corresponding increase in the Absolute Amount Assured on Death are as follows:
(a) On first marriage, the Absolute Amount Assured on Death would be increased by 50% of Basic Sum Assured, subject to maximum increase of Rs.50 Lac.
b) On live birth or on adoption of first child, the Absolute Amount Assured on Death would be increased by 25% of the Basic Sum Assured, subject to maximum increase of Rs.25 Lac.
(c) On live birth or on adoption of second child, the Absolute Amount Assured on Death would be increased by 25% of Basic Sum Assured, subject to maximum increase of Rs.25 Lac.
(d) On purchase of house after risk commencement date (only once during the policy term), the Absolute Amount Assured on Death would be increased by 50% of Basic Sum Assured, subject to maximum increase equal to the home loan amount or Rs. 50 Lac whichever is lower.
You can avail Life cover upto 100 years (Whole life) or 79 years (other than Whole Life)
If the life assured passes away during the policy term, the nominee/beneficiary receive a death benefit , provided the policy is in-force as on the date of death of life assured. The death benefit will depend on the premium payment option & plan option chosen.
You have an option to choose the mode of payment of the death benefit or Terminal illness benefit - lumpsum, monthly instalments or a combination of both.
This option is designed to ensure that in your absence, a life insurance coverage is available for your spouse.
On diagnosis of life assured with a terminal illness during the policy term or before attainment of 80 years, whichever is earlier, the terminal illness benefit would be payable. The benefit equal to sum assured on death as on date of diagnosis, subject to maximum of Rs. 2,00,00,000 (for in-force policies) would be payable.
The Plan offers two options- Option A : SBI Life - Accidental Death Benefit Rider (ADB) Option B : SBI Life – Accidental Partial Permanent Disability Benefit Rider (APPD)
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
SBI Life – Smart Shield Plus (UIN: 111N150V01)is an Individual, Non-Linked, Non-Participating, Life Insurance, Pure Risk Product.
• Financial protection at an affordable cost
• 3 plan options to suit your protection needs
i. Level Cover Benefit
ii. Increasing Cover Benefit
iii. Level Cover with Future Proofing Benefit
• Optional Better Half Benefit
• Life cover up to 100 years (Whole life) or 79 years (other than Whole Life)
• Flexibility to pay premium throughout the policy term (Regular Pay) or for limited period of time (Limited Pay) or one time (Single Pay)
• Lower rates for Higher Sum Assured
• Lower rates for Female Lives
• Enhanced protection with optional rider (SBI Life – Accident Benefit Rider#)
• Get Tax Benefits* as per the prevailing norms under the Income Tax Act 1961
#SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB), and Option B: Accidental Partial Permanent Disability Benefit (APPD). *Tax benefits are as per Income Tax laws & are subject to change from time to time. Please consult your Tax Advisor for details
SBI Life – Smart Shield Premier is an Individual, Non-Linked, Non-Participating, Life Insurance, Pure Risk Product designed to secure your loved ones with enhanced coverage and flexibility.
• Financial protection of your family at an affordable cost
• Choice of 2 benefit options to suit your protection needs:
i. Level Cover
ii. Increasing Cover
• Choose your own policy term with coverage available up to the age of 85 years
• Flexibility of paying premium throughout your policy term or for a limited period of time
• Enhanced protection with optional rider^
• Get tax benefits$ as per the prevailing norms under the Income Tax Act, 1961
^SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
$You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. You are advised to consult your tax advisor on applicable tax benefits under the policy.
SBI Life - Smart Platina Assure is an Individual, Non-Linked, Non-Participating, Life Insurance Savings product which assures guaranteed returns with an advantage of paying premium for limited term.
1. Get Life cover along with Assured return
2. Enjoy Guaranteed Additions^ of 4.90% or 5.40% p.a. at the end of each policy year
3. Pay for just 7 or 10 years and enjoy the benefit throughout the policy term of 15 or 20 years respectively
4. Option to choose Monthly or Yearly premium payment frequency, as per convenience
5. Enhanced Protection with an optional rider#.
6. Avail tax benefits* as per the prevailing norms under the Income Tax Act, 1961.
#SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
*Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for further details
The plan offers Rate of Guaranteed additions based on the two premium slabs as per below table, provided all due premiums are paid.
^^ Annualized premium shall be premium amount payable in a year, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.
Guaranteed Sum assured on maturity (i.e Basic Sum Assured) Plus accrued Guaranteed Additions.
SBI Life - Smart Platina Advantage is an Individual, Non-Linked, Non-Participating, Life Insurance Savings product.
SBI Life - Smart Platina Advantage is designed to fit seamlessly into every stage of life. Whether you are a young professional starting out, a parent planning for your child’s milestones, or someone preparing for life after retirement, this plan helps you stay financially prepared—every step of the way.
1. Enjoy life cover along with Guaranteed Benefits
2. Lock in guaranteed benefits today for a policy term of 15, 20 or 30 year
3. Pay for a Limited Period while enjoying life cover for entire Policy Term
4. Choose a convenient Limited Premium Payment Term of 7 years or 10 years
5. Earn Guaranteed Additions at the end of every policy year to boost your maturity benefit
6. Get higher Guaranteed Additions for higher premium amounts and longer policy terms
7. Flexibility to receive maturity benefit in instalments up to 7 years as per your need
8. Enjoy tax benefits^^ as per applicable provisions of the Income Tax Act, 1961
^^Tax benefits are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for further details.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
SBI Life - Retire Smart is an Individual, Unit-linked, Non-Participating Pension Savings Product. The plan enables you to cherish your golden years by securing a retirement corpus with systematic investments.
The plan offers guaranteed additions of up to 210% #of the annual premium, starting from the end of 15th policy year and at the end of every year thereafter, till the end of policy term. #This is applicable for policy term of 35 years under Regular/ Limited plan and provided the policy is in-force.
SBI Life - Retire Smart offers you terminal additions of 1.5% of the Fund Value at maturity or vesting or on earlier death.
The investments are managed on your behalf by SBI Life through Advantage Plan. It reallocates the assets between debt, equity and money market instruments depending on the time remaining to maturity of the policy to manage the risks.
Choose from multiple premium payment options- Single premium, Regular premium or for a limited period
Option to postpone your vesting age according to your changing requirements with Deferment Option.
On completion of policy term, provided the policy is in force, you will receive the Higher of (Fund Value as on the date of maturity/vesting Plus 1.5% of the maturity/vesting fund value would be paid as Terminal Addition) OR (101% of total premiums paid)
The maturity benefit can be used to purchase annuities with the entire amount or a part of it. For more details on the ways to utilise the maturity benefit refer the sales literature.
In case of death of the life assured, while the policy is in-force, the nominee receives a death benefit which is Higher of (Fund Value as on the date of intimation of claim plus 1.5% of the fund value as Terminal Addition) or (105% of total premiums received up to the date of death), is payable to eligible nominee/beneficiary.
You can avail tax benefits on payment of premium under Section 80CCC of Indian Income Tax Act 1961*
SBI Life – Retire Smart Plus is an Individual, Unit Linked, Non-Participating pension savings product. It enables customers to have a comfortable retirement life by corpus creation through market-linked returns over the duration of the plan. Here are some of the key benefits of SBI Life - Retire Smart Plus.
Customers can choose from any one or a combination of the below 7 funds available: • Equity Pension Fund (SFIN: ULIF006150107PEEQITYFND111) • Equity Optimiser Pension Fund (SFIN: ULIF011210108PEEQOPTFND111) • Growth Pension Fund (SFIN: ULIF008150207PEGRWTHFND111) • Bond Pension Fund (SFIN: ULIF007160107PENBONDFND111) • Money Market Pension Fund (SFIN: ULIF013200308PEMNYMTFND111) • Top 300 Pension Fund (SFIN: ULIF018180110PETP300FND111) • Balanced Pension Fund (SFIN: ULIF009210207PEBALANFND111)
The plan offers three premium payment options to choose from, as per the convenience of the customer. The first option is single premium payment, where the customer pays premium only once at policy inception.
The other option is regular premium payment where the premium payment term is same as the policy term.
The third option is limited premium paying term where the customer pays premium for a limited duration as opted and avail benefits for the entire policy term
In regular premium payment & limited premium paying term option, the customer has the choice to pay annual, half-yearly, or monthly premiums.
The customer has an option to switch funds from one fund to another fund available within the product at any point of time during the policy term. There are no restrictions on the number of switches during a particular policy year or during entire policy term.
• The policyholder has an option to make partial withdrawals from their plan to take care of their emergencies, provided the policy is in force and post completion of lock-in period.
a) can be made only after completion of lock-in period. b) is allowed only if the policy is in force. c) shall not exceed 25% of the fund value at the time of partial withdrawal. d) Partial withdrawals expressed as a percentage of the Fund Value at the time of partial withdrawal are allowed only three times during the entire term of the policy. e) Partial withdrawals are allowed only against the stipulated reasons: (1) Higher education of children including legally adopted child. (2) Marriage of children including legally adopted child. (3) Purchase or construction of a residential house or flat in the life assured's own name or in joint name with their legally wedded spouse. However, if the life assured already owns a residential house or flat (other than ancestral property), no withdrawal shall be permitted. (4) For treatment of critical illnesses of self or spouse or dependent children, including legally adopted child. (5) Medical and incidental expenses arising from disability or incapacitation suffered by the life assured (6) Expenses incurred by the life assured for skill development/reskilling or any other self-development activities. (7) Expenses incurred by the Life assured for the establishment of her/his own venture or any start-ups
The partial withdrawals shall not be allowed if fund value, as consequence of this withdrawal is reduced to less than 100% of the Annualized Premium in case of Regular/Limited Premium payment policies and at least 25% of the Single Premium in case of Single Premium payment policies. Minimum Partial withdrawal amount allowed is INR 5,000 (in multiple of INR 1,000). No charges are applicable for partial withdrawals. “Annualized Premium” means the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any.
All charges as required under the law will be escalated by the applicable taxes under this policy, as per the Tax Law applicable. You will be liable to pay all applicable taxes as levied by the Government from time to time.
SBI Life- Poorna Suraksha (UIN: 111N110V03) is an Individual, Non-linked, Non-Participating, life insurance Pure Risk Premium Product with inbuilt Critical Illness Cover. The plan offers a lump sum life cover in case of unfortunate event of death and provides financial protection in the event of covered critical illness.
The plan offers Life Insurance Coverage along with a Critical Illness Benefit. The critical illness cover will offer financial assistance in case you are diagnosed with a major illness covered under the plan.
In the unfortunate event of death of the Life Assured, Effective#Life Cover Sum Assured, as on date of death will be paid.
Effective#Critical Illness Sum Assured will be paid, on the diagnosis of covered critical illness. The CI Benefit will be paid only once and will cease once the benefit is paid.
#Effective sum assured is the sum assured applicable for the policy year in which the insured event occurs.
The Critical Illness Benefit is payable only after survival of 14 days from the date of diagnosis of the covered critical illness. In other words, Critical Illness benefit is not payable if the life assured dies within 14 days from the date of diagnosis of the covered critical illness.
There is a waiting period of 90 days from the date of commencement of risk or revival whichever is later and no Critical Illness benefit will be payable, if diagnosis of any of the covered CI has occurred during the waiting period.
At policy inception, the Basic Sum Assured would be split between Life Cover SA & CI SA in the proportion of 80:20 respectively. There would be an increase in CI SA on a year on year basis, as mentioned in table below. The decrease in Life Cover SA would be equal to the increase in CI SA. The change in sum assured would happen only on policy anniversary. The total base sum assured (Life Cover SA + CI SA) would remain the same throughout the policy term
The plan offers all the benefits for fixed premium. Over the term the Life Cover reduces and the CI Cover increases all this comes at a premium which remains same throughout the term of the policy.
Once a claim under CI is accepted by the Company, all future premiums for the policy will be waived for the rest of the policy term, from the date of diagnosis of the medical condition. The remaining policy benefits shall continue throughout the policy term. The LifeStage Rebalancing will cease to exist once premiums are waived off and the Effective Life Cover SA will remain constant from thereon.
SBI Life - New Smart Samriddhi (UIN-111L144V01) is an Individual, Non-linked, Non-participating Life Insurance Savings Product. It secures you as well as your family’s future with life insurance coverage along with guaranteed additions.
The processing of the policy is simple and swift. Also, you can purchase the plan without a medical examination.
You only need to pay the premium for 6 or 7 or 10 years and you can enjoy the plan benefits throughout the policy term of 12 or 15 or 20 years respectively.
On survival of the life assured till the end of the policy term, maturity benefit of Basic Sum Assured plus accrued Guaranteed Additions^, as applicable would be paid
In the unfortunate event of death of the Life Assured at any time during the policy term,‘Sum Assured on death’ along with accrued guaranteed additions ^, if any, will be payable to the Nominee/ beneficiary Where, Sum Assured on death is Higher of (Basic Sum Assured or 10 times the Annualized Premium or 105% of the total premiums received@ upto the date of death).
@Total Premiums received/paid means total of all the premiums received, excluding any extra premium and applicable taxes
The plan offers Guaranteed Additions^ on maturity of the policy along with the Basic Sum Assured, or on earlier death of the life assured along with Sum Assured on Death . The guaranteed additions are offered at the rate of 5.5%** for Annualized premium# less than Rs. 30,000 and 6.0%** for Annualized premium# greater than or equal to Rs. 30,000.
^The Guaranteed Additions (GA) would apply on the cumulative premiums paid, which is the sum of the premiums paid by the policyholder till date, excluding the applicable taxes, underwriting extra premiums and loading for the modal premium, if any, at the end of each policy year for in-force policies, at a simple rate.
#Annualized Premium shall be the premium amount payable in a year, as chosen by the policyholder, excluding applicable taxes, underwriting extra premiums and loadings for modal premium, if any.
** The Guaranteed Additions defined above is at a simple rate and not at compounding rates.
Achieve new heights with confidence.
Your aspirations drive you to achieve the best and more in life. SBI Life - Smart Elite Plus is an individual, Unit- Linked, Non-Participating, Life Insurance Saving product that helps you to get more from your financial investments so that you can enjoy the liberty of achieving your dreams through market linked returns and protect loved one’s future.
• Two protection options available Gold Option and Platinum Option.
• Enhanced Protection: Option to add ^SBI Life- Waiver of Premium Rider-Linked
• Enhanced wealth creation opportunity through 13 varied fund options
• Twin benefit of insurance cover and market linked returns
• No Premium Allocation Charge from 6th policy year onwards, thereby enhancing your fund value.
• Switch and redirection facility, to pilot your investments
• Tax Benefits*: As per the prevailing norms under the Income Tax Laws
^SBI Life- Waiver of Premium Rider (UIN: 111A049V01), -Upon the death, disability, or diagnosis of a covered critical illness of the Proposer, all future premiums for the base policy and any attached riders will be waived.
*Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for further details.
Your aspirations drive you to achieve the best and more in life. SBI Life - Smart Elite is an individual, Unit- Linked, Non-Participating, Life Insurance product that helps you to get more from your financial investments so that you can enjoy the liberty of achieving your dreams through market linked returns and protect loved one’s future.
Pay premiums for Limited term or as Single Payment, as per your convenience and enjoy benefits throughout the policy term.
Gold Option & Platinum Option; along with in-built ‘Accident benefit’ which provides additional coverage against Accidental Death or Accidental Total and Permanent Disability (Accidental TPD).
Invest in 8 varied fund options and manage them as per your convenience.
Switch and Premium Redirection facilities, to give you the power for active management of your investments.
No Premium Allocation Charges from 6th policy year onwards, thereby enhancing your fund value.
Unforeseen expenses are taken care-of through partial withdrawals from 6th policy year onwards.
* Tax benefits are as per the provisions of Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for further details.
A retirement corpus that guarantees independence.
Retirement is the period when your life begins again. Be free from financial worries with SBI Life - Saral Retirement Saver , a simple plan which helps you build a retirement corpus for your post-work life while securing your family's future. SBI Life - Saral Retirement Saver is an Individual, Non Linked, Participating, Savings Pension Product, for people who want complete safety from market volatility, with a secured future and joyous retirement.
Guaranteed simple reversionary bonuses for first 5 policy years; @ 2.50% for first three policy years and @ 2.75% for the next two policy years, of the Basic Sum Assured. Guaranteed bonus will be applicable only to in-force policies.
Higher of (Basic Sum Assured or Total premiums received** accumulated at an interest rate of 0.25% p.a. compounding annually) plus vested simple reversionary bonuses plus terminal bonus, if any.
Higher of (total premiums received upto the date of death accumulated at an interest rate of 0.25% p.a. compounded annually plus vested simple reversionary bonus plus terminal bonuses, if any) or 105% of total premiums received** upto the date of death.
Option of additional life cover through SBI Life - Preferred Term Rider (UIN - 111B014V02)
*Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
**Total premiums received means total of all premiums received excluding any extra premium, any rider premium and applicable tax
SBI Life- Saral Jeevan Bima is an Individual, Non-Linked, Non-Participating Life Insurance Pure Risk Premium Product. This plan is apt for first-time life insurance buyers.
Protect your dependents after you are gone
If the life assured passes away during the policy term, after the expiry of the waiting period or due to accident during the waiting period, the nominee / beneficiary will receive the Sum Assured on death, in lumpsum, which is:
For Regular and Limited Premium payment policies it is highest of:
For Single premium policies it is higher of :
On death of the life assured due to other than accident, during the waiting period, the nominee/beneficiary will receive the Death Benefit, which is equal to 100% of all the premiums paid, excluding taxes, if any
1 Annualized Premium is the total amount of premium payable in a policy year, excluding taxes, underwriting extra premiums and loadings for modal premiums,if any.
+ Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured
The product has standard terms and conditions making it is easy to understand.
Avail security for your family at an affordable premium with SBI Life – Saral Jeevan Bima.
You have the convenience of paying the premium once, regularly, or for a limited (5/10 years) period.
You can avail tax benefits on payment of premium under Section 80C of Indian Income Tax Act 1961* *Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
45 days from date of commencement of risk. This policy will only cover death due to accident during the waiting period of 45 days from the date of commencement of risk. In case of death of the life assured other than due to accident, during the waiting period, an amount equal to 100% of all premiums excluding taxes, if any, shall be paid
SBI Life – Smart Platina Plus is an Individual, Non-Linked, Non-Participating, Life Insurance Savings Product. It offers financial freedom in your future years by providing regular guaranteed income during the payout period to realise your dreams. It keeps family's financial future protected through life insurance coverage during the entire policy term.
1. Security: Life insurance cover during policy term for financial protection of family
2. Choice of two income plan options to suit your financial needs – Guaranteed Income & Life Income
3. Guaranteed Income Benefit: Enjoy fixed regular income during the payout period opted.
4. Get return of 110% of total premiums paid at the end of policy term.
5. Flexibility:
• Choose the payout period to match your life goals.
• Option to change the income payout frequency before payout period
6. Choice of frequency of income benefit- Yearly, Half-yearly, Quarterly or Monthly
7. Limited premium payment options – 7,8 and 10 years
8. Enhanced Protection with optional riders#
9. Tax Benefits*: As per the prevailing norms under the Income Tax Laws
#SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD) and SBI Life - Waiver of Premium Rider (UIN:111B048V01)
SBI Life – Smart Champ Insurance is an individual, non-linked, participating, life insurance savings product. This product is designed to meet your objectives and concerns as a parent - saving for your child's education and securing their bright future against the uncertainties of life. The nominee must be a child, whose interest the policyholder wants to protect. This plan provides insurance cover to the proposer who is the life assured and the policyholder, for death and accidental total permanent disability (ATPD) throughout the term of the policy.
SBI Life- Smart Champ Insurance Plan provides guaranteed smart benefits that can help cover your child’s educational needs. These benefits are payable in four equal annual instalments after the child attains 18 years of age till the child turns 21 years of age, i.e. at the end of each of last 4 policy years. 1st installment, 2nd installment, 3rd installment and last installment of Smart Benefits are payable at the end of the policy year in which the child completes 18, 19, 20 and 21 years of age respectively. Each installment of Smart Benefits will consist of 25% of the basic sum assured and 25% of the vested simple reversionary bonuses, if declared. Terminal bonus, if declared, will be paid along with the last installment of Smart Benefits.
In case of any unfortunate insured event during the term of the policy, here are three ways in which this child plan can offer protection :
• Immediate Payment : The sum assured on the insured event is payable as a lump sum on the occurrence of the respective event.
• Waiver of Due Premium : In event of an unforeseen situation that leads to your absence, all the future premium instalment(s), if any, will be waived off.
• Smart Benefit : Due instalment(s) of Smart Benefits are payable and along with the last instalment of smart benefit, a Terminal Bonus, if declared, will be paid.
When it comes to making payments, you can choose to pay premium one time (Single Premium Policy – SP Policy) or Limited Premium ( LPPT Policy).
There is an option for the nominee/legal heir, before the due date of the next installment of the Smart Benefits, to receive discounted value of the future due installment(s) of Smart Benefits in a lump sum amount. The terminal bonus, if declared, would be paid along with the lump sum amount.
In the unfortunate event of death or accidental total and permanent disability(ATPD), whichever occurs earlier, benefits (Sum Assured on insured event) in the form of a lump sum amount can be availed immediately.
You will receive the Smart Benefits. Terminal bonus, if declared, will be paid along with the last installment of Smart Benefits (i.e. the Maturity Benefit).
SBI Life-Smart InsureWealth Plus is an Individual, Unit-linked, Non-Participating Life Insurance Product. It is a monthly savings plan that offers you the option to generate returns with the help of a well-planned investment strategy.
The plan offers three investment strategies that you can choose as per your needs.
Trigger strategy- To take advantage of the equity market swings. Auto Asset Allocation Strategy- To target higher returns by investing in the equity market for the long term. Smart Choice Strategy - For the active investor who wants higher growth over a period. It also offers fund switching and premium redirection features.
The plan offers you the flexibility to change the investment strategy up to four times in the entire policy term. So, if a particular investment strategy is not working for you, you can re-evaluate and choose a different one to reach your goals.
Based on your risk appetite and the objective of investment, you can choose from the 9 fund options available under the Smart Choice Strategy.
The plan offers Loyalty Additions from the 11th year onwards, at regular intervals until the end of the policy term provided the policy is in-force.
Meet your regular expenses or have a fixed monthly payout, with the automatic partial withdrawal facility. This facility is available to the policyholder from the 11th policy year onwards provided the policy is in-force.
The plan offers you liquidity in case of any need. You can opt to make a partial withdrawal after the 5th policy year or on attainment of age 18 years by the life assured whichever is later. Maximum of 4 partial withdrawals can be made in one policy year and not more than 10 partial withdrawals are allowed in the entire policy term in case of policy term 10 years or 15 partial withdrawals for policy term above 10 years.
At Maturity, you will receive fund value calculated at the prevailing NAV on the maturity date along with the Return of Mortality Charges (ROMC), which shall be paid in lumpsum. In cases where Life Assured is a minor, the policy will automatically vest in the Life Assured on attaining 18 years of age.
The product offers a death benefit pay-out in case of the death of the life assured.
For Life Assured with entry age below 8 years: On death of the minor lives before the date of commencement of risk under the policy, the company will pay the Fund Value as on the date of intimation of the claim to the company.
On death of the minor lives on or after the date of commencement of risk, the company will pay the Death benefit as mentioned below for age at entry 8 years and above.
For Life Assured with entry age 8 years and above: On death of the Life Assured with entry age 8 years and above, the company will pay the Death benefit as mentioned below.
Higher of 1. The Fund Value as on the date of intimation of death to the company, or 2. Sum assured less Applicable Partial Withdrawal (APW)^, or 3. 105% of the total premiums received upto the date of death less Applicable Partial Withdrawal (APW)^ ^APW equals an amount equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life Assured.
On death of the Policyholder while the life assured is a minor, no immediate benefit will be payable. The policy may be continued by the appointment of a new Policyholder for the policy. If the policy is surrendered, the surrender value would be payable as per Surrender clause.
Under settlement option, the nominee or the beneficiary or legal heir can choose to receive the death benefit in monthly, quarterly, half-yearly or yearly instalments over 2 to 5 years from the date of death.
During the settlement period, the investment risk in the investment portfolio is borne by the beneficiary.
SBI Life – Smart Lifetime Saver is an individual, Non-Linked, Participating (PAR), Whole Life Insurance, Savings Product.
In life, more often than not, you focus on fulfilling your family's dreams and work towards their security. However, while fulfilling this responsibility, your own aspirations may take a back seat.
Life Cover till age 100.
starting from the end of Premium Payment Term.
starting from end of 7 policy year.
to accumulate Survival Incomes.
Choice of 3 premium payment terms: 10, 12 & 15 years.
Lump sum maturity benefit is the Total Annualized Premiums## payable under the policy.
with two optional riders.
As per the prevailing norms under the Income Tax Act, 1961.
*You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time.
You are advised to consult your tax advisor on applicable tax benefits under the policy.
# The Guaranteed Survival Income will vary with Premium Payment Terms and Annualized Premium bands.
##Annualized premium is the premium amount payable in a year chosen by the policyholder, excluding the applicable taxes, underwriting extra premiums, rider premiums and loadings for modal premiums, if any
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
SBI Life - Smart Scholar , is an Individual, Unit Linked, Non-Participating Life Insurance Product
Life begins afresh when you become a parent. It's a joy you never felt and a feeling you never experienced. When your child takes steps towards you, nothing seems more blissful. With this divine happiness comes a sense of accountability towards your child and their growing needs.
As they learn and grow, so does responsibility towards them. You want to ensure the best for your child.
At SBI Life, we understand your needs and provide you with a flexible and all-encompassing solution: SBI Life - Smart & Scholar& , an Individual, Unit Linked, Non-Participating Life Insurance Product for those who want to secure their child's future by gaining from the financial markets.
Our specially crafted Smart Scholar Plan is as accommodating as you are to your child
To secure your child’s future by gaining from the financial markets and much more:
for your child’s future, in case you are not around- Payment of Lumpsum benefit
Inbuilt Premium Payor Waiver benefit@ to ensure continuance of your policy.
"which includes Accidental Death benefit and Accidental Total and Permanent Disability ( Accidental TPD) benefit , is an integral part of the plan"
Additional allocation of units by way of regular Loyalty Additions, giving periodic boosts to your investments for in-force policies. Enhanced investment opportunity through 9 varied fund options. Twin benefit of insurance cover and market linked returns. Flexible options to meet your changing requirement. Liquidity through partial withdrawal(s).
&"SBI Life -Smart Scholar will be referred to as Smart Scholar hereafter" @"Not applicable for Single Premium and Paid -up Policies." $ "Not applicable for Single Premium Policies"
SBI Life – Saral Swadhan Supreme, an individual, non-linked, non-participating, Life Insurance, Savings product with Return of Premium.
This product is designed to provide the life assured a fixed life insurance cover throughout the policy term.
On survival of the Life Assured till the end of policy term, 100% of the total premiums paid# during the policy tenure, shall be paid in lump sum.
#Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and taxes.
In the unfortunate event of death of the Life Assured during the policy term, Sum Assured on Death will be payable to the beneficiary in lumpsum.
Sum assured on death will be higher of:
a) Basic Sum Assured* or
b) 11 times of Annualised Premium^ or
c) 105% of the Total Premiums received# upto the date of death.
*The basic sum assured is the absolute amount of benefit chosen by the policyholder at the inception of the policy.
^Where, Annualized premium is the premium amount payable in a policy year, chosen by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
#Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and taxes
As per the prevailing norms under the Income Tax Act, 1961 $
$You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. You are advised to consult your tax advisor on applicable tax benefits under the policy
SBI Life – Smart Swadhan Supreme, An Individual, Non- Linked, Non-Participating, Life insurance Savings product with Return of Premium.
• Protection: Life Insurance Cover at an affordable cost to protect yourself
• Convenience: Pay premium regularly or for a limited (7/10/15 years) period
• Flexibility: You can choose policy term from 10 years to 30 years
• Maturity Benefit: Get 100% of Total Premiums Paid^ as Maturity benefit.
• Enhanced Protection: Option to add #SBI Life- Accident Benefit Rider & ^SBI Life- Waiver of Premium Rider.
• Enjoy tax benefits^^ as per applicable provisions of the Income Tax Act, 1961
^Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
$SBI Life- Waiver of Premium Rider (UIN: 111B048V01), Upon the death, disability, or diagnosis of a covered critical illness of the Proposer, all future premiums for the base policy and any attached riders will be waived.
SBI Life - Smart Fortune Builder is an individual, unit-linked non-participating life insurance savings product. It is an attempt to meet all your insurance & financial needs through a single product. This product is specially designed for your life goals such as higher education for your children, their marriage, wealth creation for house, foreign travel or providing for old age, etc.
• Protection: Life Insurance coverage throughout the policy term
• Guaranteed Addition* based on the policy term; longer the term, higher the guaranteed addition.
• Get additional Guaranteed Addition on Maturity$
• No Policy Administration Charge for first 5 years for Regular Pay and Limited Pay Policies
• No Premium Allocation Charge from 11th year onwards
• Flexibility: Enhanced investment opportunity through 12 varied Fund Options
• Enhanced Protection: Option to add #SBI Life- Accident Benefit Rider-Linked & ^SBI Life- Waiver of Premium Rider-Linked.
$Guaranteed Addition on Maturity at pre-specified percentage (depending on the premium band) of Annualized Premium/Single Premium would be made to the Fund Value at the end of the Policy Term, subject to policy being in-force.
#SBI Life – Accident Benefit Rider-Linked (UIN:111A042V01) Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
^SBI Life- Waiver of Premium Rider- Linked (UIN: 111A049V01)-Upon the death, disability, or diagnosis of a covered critical illness of the Proposer, all future premiums for the base policy and any attached riders will be waived.
SBI Life - Smart Bachat Plus ,is an Individual, Non-linked, Participating, Life Insurance, Savings Product.
If the Policy is In-Force and the Life Assured survives till the end of Policy Term, then Sum Assured on Maturity plus vested Reversionary Bonuses and Terminal Bonus (if declared), will be payable at the end of the Policy Term.
Where, Sum Assured on Maturity is equal to the Sum Assured.
You are eligible to get a share of the profits emerging from our ‘Participating life insurance business’ in the form of Reversionary Bonus and Terminal Bonus, if declared. Bonuses may be declared at the end of each financial year and it will be based on the statutory valuation carried out by us at the end of each financial year under prevailing regulations and applicable law.
SBI Life - Smart Platina Supreme is an Individual, Non-Linked, Non-Participating, Life Insurance Savings Product.
It offers financial freedom in your future years by providing regular guaranteed income during the payout period to realise your dreams. It keeps family's financial future protected through life insurance coverage during the entire policy term.
• Security: Life insurance cover during Policy Term for financial protection of family.
• Enhanced Guaranteed Income for higher premiums
• Loan against Policy available
#SBI Life - Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
^SBI Life - Waiver of Premium Rider (UIN: 111B048V01), -Upon the death, disability, or diagnosis of a covered critical illness of the Proposer, all future premiums for the base policy and any attached riders will be waived.
Details about two income plan option:
1) Level Guaranteed Income - Guaranteed Income remains level throughout the pay-out period.
2) Increasing Guaranteed Income - Guaranteed Income will increase every year at a simple interest rate of 5% p.a. starting from second year of pay-out period.
SBI Life - eWealth Plus (UIN: 111L147V01), an Individual, Unit-Linked, Non-Participating, Life Insurance Savings Product.
In case of death of the Life Assured, due to suicide within 12 months from the date of commencement of policy or from the date of revival of policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to the fund value as available on date of intimation of death. Further, any charges other than the FMC recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.
SBI Life - Smart Elite Plus (UIN: 111L146V01) is an individual, unit-linked, non-participating life insurance, savings product.
In case of death of the Life Assured due to suicide, within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on date of intimation of death. Further any charges other than FMC recovered subsequent to the date of death shall be added back to the Fund Value as available on the date of intimation of death.
Death or Total and Permanent Disability arising from or due to the consequences of or occurring during the events as specified below is not covered:
• Infection: Death caused or contributed to by any infection, except infection caused by an external visible wound accidentally sustained.
• Drug Abuse: Life Assured under the influence of Alcohol or solvent abuse or use of drugs except under the direction of a registered Medical Practitioner.
• Self-inflicted Injury: Intentional self- Inflicted Injury including the injuries arising out of attempted suicide.
• Criminal acts: Life Assured involvement in Criminal and/or unlawful acts with criminal or unlawful intent.
• War and Civil Commotion: War, invasion, hostilities, (whether war is declared or not), civil war, rebellion, revolution, act of foreign enemy, armed or unarmed truce, mutiny, rebellion, strikes or taking part in a riot or civil commotion.
• Taking part in any naval, military or air force operation during peace time or during service in any police, paramilitary or any similar organisation;
• Nuclear Contamination: The radioactive, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or Accident arising from such nature.
• Aviation: Life assured participation in any flying activity, other than as a passenger in a commercially licensed aircraft.
• Hazardous sports and pastimes: Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to, diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee-jumping
SBI Life - Smart Fortune Builder (UIN: 111L142V01) is an individual, unit-linked, non-participating life insurance savings product.
In case of death of the life assured due to suicide, within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death. Further any charges other than FMC recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.
SBI Life – Smart Platina Advantage UIN:(111N175V02) is an Individual, Non-Linked, Non-Participating, Life Insurance Savings Product.
In case of death of the life assured due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, death benefit will not be payable and the nominee or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.
SBI Life – Smart Platina Plus UIN (111N133V06) is an Individual, Non-Linked, Non-Participating, Life Insurance Savings Product.
In case of death due to suicide during the policy term, within 12 months:
i) from the date of commencement of risk under the policy, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the total premiums paid till the date of death, provided the policy is in force or
ii) from the date of revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to an amount which is higher of 80% of the total premiums paid till the date of death or the surrender value available as on the date of death, provided the policy is in force.
SBI Life – Smart Platina Supreme UIN (111N171V04), an Individual, Non-Linked, Non-Participating, Life Insurance Savings Product.
In case of death due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of the Total Premiums Paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.
SBI Life – Smart Swadhan Supreme (UIN:111N140V02) is an individual, non-linked, non-participating, Life Insurance, Savings product with Return of Premium.
In case of death due to suicide, within 12 months:
From the date of commencement of risk under the policy, the nominee or beneficiary of the policyholder shall be entitled to atleast 80% of the total premiums paid till the date of death, provided the policy is in force or
From the date of revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to an amount which is higher of 80% of the total premiums paid till the date of death or the surrender value, if any, as available on the date of death, provided the policy is in force.
After paying the benefit as stated above, the contract will be terminated and hence no further benefit would be payable
SBI Life – Retire Smart Plus (UIN: 111L135V02) is an Individual, Unit Linked, Non-Participating, Pension Savings Product.x
In case of death of the life assured due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death. Further, any charges other than Fund Management Charges recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.
SBI Life- Smart Scholar Plus (UIN: 111L144V01) is an Individual, Unit Linked, Non-Participating, Life Insurance Savings Product
In case of death of the life assured due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date of intimation of death. Further any charges other than FMC recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.
SBI Life- Saral Jeevan Bima (UIN: 111N128V02) is an Individual, Non-Linked, Non-Participating Life Insurance Pure Risk Premium Product.
A waiting period of 45 days from the date of commencement of risk is applicable. This Policy will only cover death due to accident during the waiting period of 45 days from the date of commencement of risk. In case of revival of Policy, the Waiting Period shall not be applicable Suicide Claim provision
Under Regular/Limited Premium Policy: This policy shall be void if the Life assured commits suicide at any time within 12 months from the date of commencement of risk, provided the policy is inforce or within 12 months from the date of revival and the Company will not entertain any claim except 80 % of the Premium paid (excluding any extra amount if charged under the policy due to underwriting decisions and taxes, if any) till the date of death. This clause shall not be applicable for a lapsed policy as nothing is payable under such policies.
Under single Premium Policy: This policy shall be void if the Life assured commits suicide at any time within 12 months from the date of commencement of risk and the Company will not entertain any claim except 90 % of the Single Premium paid excluding any extra amount if charged under the policy due to underwriting decisions, if any. After paying the benefit as applicable, the policy will be terminated.
SBI Life – Smart Shield Premier (UIN: 111N145V01) is an Individual, Non-Linked, Non-Participating, Life Insurance, Pure Risk Product.
If the Life Assured, commits suicide, within 12 months either from the date of the commencement of risk or the date of revival of the policy, then we will not pay the death benefit and we will pay the higher of 80% of the total premiums paid till the date of death or the Surrender Value / Unexpired Risk Premium Value available on the date of death, provided that the policy is in-force.
SBI Life – Smart Shield Plus (UIN: 111N150V01), an Individual, Non-Linked, Non-Participating, Life Insurance, Pure Risk Product.
In case of death due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid till the date of death or the Unexpired Risk Premium Value available as on the date of death, whichever is higher, provided the policy is in-force.
SBI Life – Smart Bachat Plus UIN (111N170V01) is an individual, non-linked, Participating, Life insurance, Savings product.
In case of death due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of the Total Premiums Paid till the date of death or the Surrender Value available as on the date of death whichever is higher, provided the policy is in force.
We will not pay for Accidental Death or Accidental Total Permanent Disability arising from or due to the consequences of or occurring during the events as specified below:
Claims paid till date*
Branches Across India#
Policy Holders^
*As per public disclosure (L-7 - Benefits Paid) & Financial Statements (Schedule 4 - Benefits Paid) of the Company, benefits paid since inception upto period ending 30th June 2026.
#Network of branches as on period ending 31st March 2026.
^Includes count of in force and paid-up individual policies along with count of lives covered under various group policies as on period ending 30th June 2026.
*As per public disclosure (L-7 - Benefits Paid) & Financial Statements (Schedule 4 - Benefits Paid) of the Company, benefits paid since inception upto period ending 31st December 2023.
#Network of branches as on period ending 31st March 2024.
^Includes count of in force and paid-up individual policies along with count of lives covered under various group policies as on period ending 31st March 2024.
Toll free No. 1800 267 1800
Name
Mobile No.
“Promise Your Child A Future of their Own.”
SBI Life - Smart Scholar Plus (UIN-111L144V01) is an Individual, Unit-Linked, Non-Participating, Life Insurance Savings Product
Give your child the independence to choose their dreams with SBI Life - Smart Scholar Plus that fulfills your child’s dreams proactively by creating a corpus for a secured financial future through market linked returns
• Create corpus for your child with market-linked investment through 14 fund options • Dual benefit of lumpsum payout & premium waiver^ for policy continuance on insured event # • Boost your funds through loyalty additions* • On death of the life assured a life insurance cover equal to Sum Assured shall be payable throughout the term of the policy. The policy shall continue and company shall pay the future premiums on behalf of life assured provided the child is alive.
^Not applicable for Single Premium and Paid-up Policies. #Unfortunate death of Life Assured during the policy term *For in-force policies on completion of specific durations, depending upon policy term.
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IN CASE OF UNIT LINKED INSURANCE POLICIES THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
* A non-smoker healthy male of 22 years, Investment of ₹2500 per month under Growth Plan option, 20 years policy term enjoys maturity benefit of ₹.7.68 lacs (@assumed rate of return 4%)^^ & ₹. 11.85 lac (@assumed rate of return 8%)^^.
Minimum monthly premium amount allowed to start your insurance plan.
Growth & Balanced are based on overall exposure to equity, debt and money market instruments during policy term.
Tax Benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
Fund Value figures are for illustrative purposes & for healthy life. Please note that the above mentioned assumed rates of returns @4% and @8% p. a., are only illustrative scenarios, 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 orreturns. For more information, request for your policy specific benefit illustration.
Unit Linked Life Insurance products are different from the traditional products and are subject to market risks.The premium paid in Unit Linked Insurance 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 insured is responsible for his/her decisions.
SBI Life Insurance Company is the name of the Insurance Company and SBI Life – eWealth 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 risks and applicable charges, from your insurance agent 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.
The Company reserves the right to suspend the allocation, reallocation, cancellation and /or switching of units under extraordinary circumstances such as extreme volatility of assets, extended suspension of trading on stock exchange, natural calamities, riots and other similar events or force majeure circumstances, subject to prior approval from IRDAI
In case of any assistance, you may call us on our Toll Free No. 1800 267 1800 (Daily: 8.30 am to 9.30 pm) or Email us at online.cell@sbilife.co.in or visit us at www.sbilife.co.in
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS FRADULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license.
SBI Life Insurance Company Limited. Registered & Corporate Office: Natraj, M. V. Road, & Western Express Highway Junction, Andheri (East), Mumbai - 400 069.
IRDAI Regd. No. 111. | CIN: 99999MH2000PLC129113. | Version Number : xxxxxxxxxx
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