Smart Money Back Gold

SBI Life Insurance

Hey guys ! 

Today its with great pleasure that we present you with our NEW launched plan <<<SBI Life - Smart Money Back Gold>>>
which guarantees :
> Money Back options specially tailored to suit your requirements,
> Fixed cash inflows which can meet your various financial obligations,
> Survival Benefit of 110% of Sum Assured paid till maturity. 

> Customize your coverage through the wide range of additional benefits.

> Tax Benefits as per prevailing norms under the Income Tax Act, 1961.

 #SBILife

Shubh Nivesh Broucher

SBI Life Insurance

SBI Life - Shubh Nivesh >>>> The basic purpose is to provide Savings, Income and Insurance Cover to you and your family.
Not only you can save regularly for your future but you also have the flexibility to receive the maturity amount as a lump sum or as a regular income for a chosen period, depending upon your needs.
A savings plan with flexibility of availing whole life insurance as an add-on benefit
•Benefits including Wealth Creation, Insurance cover and Regular flow of income
•Flexibility to choose between Single or Regular premium payment
•Additional rider benefits at an affordable cost
•Option to receive the Basic Sum Assured at regular intervals over a stipulated time period of 5/10/15/20 years
•Tax benefits as per prevailing norms under the Income Tax Act, 1961

 

#SBILife

 

 

Tax Planner

SBI Life Insurance

Want to save tax?
Invest in a Life Insurance Plan today and get rebates under section(s) 80C and 10(10D).
Also enjoy the benefits of TAX FREE returns.
 

SBI Life

 

 

Tax Saving Plans

SBI Life Insurance

Value each and every penny of your hard earned money !!
Save TAX and Protect yourself
Get insured today
and Celebrate life ! 

 

SBI Life

 

 

Retire Smart

SBI Life Insurance

• SBI Life - Retire Smart, a non-participating unit linked pure pension plan, which guarantees you minimum of 101% of all premiums paid, when policy is in force, on Maturity/Vesting; thus the downside risk in the market is protected to a great extent.
Your Fund Value is boosted, through guaranteed additions of up-to 210%* of Annual Premium (Conditions Apply)
• Guaranteed Additions of 10% of Annual Premium are paid regularly, starting from the end of 15th policy year and at the end of every year thereafter till the end of policy term.
• Get Terminal Additions of 1.5% of Fund Value, at maturity/vesting or on earlier death.
• Get a Guarantee of minimum 105% of all premiums paid on earlier death.
• Option to pay premiums regularly or for a limited period.
Get insured today
and Celebrate life !
#SBILife

 

 

Shubh Nivesh

SBI Life Insurance

SBI Life - Shubh Nivesh : an option of Whole Life coverage. The basic purpose is to provide Savings, Income and Insurance Cover to you and your family. Not only you can save regularly for your future but you also have the flexibility to receive the maturity amount as a lump sum or as a regular income for a chosen period, depending upon your needs :-
• A savings plan with flexibility of availing whole life insurance as an add-on benefit
• Benefits including Wealth Creation, Insurance cover and Regular flow of income
• Flexibility to choose between Single or Regular premium payment
• Additional rider benefits at an affordable cost
• Option to receive the Basic Sum Assured at regular intervals over a stipulated time period of 5/10/15/20 years
• Comprehensive risk coverage through 3 Riders:
◦ SBI Life - Preferred Term Rider (UIN:111B014V02)
◦ SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
◦ ’SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V02)
• Tax benefits as per prevailing norms under the Income Tax Act, 1961
#SBILife

 

 

Smart Scholar

SBI Life Insurance

SBI Life Smart Scholar Review 

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Plan Name: Smart Scholar

Insurer: SBI Life Insurance Company Limited
Category: Unit Linked Insurance Plan
Objective: Financially Securing Child’s Future

Major USP of SBI Life Smart Scholar 

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Waiver of Premium Rider

Loyalty Additions
Inbuilt Accident Rider

Eligibility of SBI Life Smart Scholar 

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Minimum Entry Age: 18 years for Life Insured, 0 years for child

Maximum Entry Age: 57 years for Life Insured, 17 years for child
Maturity Age: 65 Years for Life Insured, 18-25 for child
Policy Term: 8 to 25 years
Minimum Premium: Rs 24,000
Maximum Sum Assured: Annual Premium x 20

What benefits does SBI Life Smart Scholar offer? 

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Maturity Benefit:

The fund value along is payable at maturity.

Death Benefit:
In life insured passes away, higher of Sum Assured or 105% of all premium paid will be provided to the beneficiary. The future premiums will be borne by SBI life and the accumulated amount will be paid at maturity.

Inbuilt Accident Rider: Additional amount is made available to the policyholder or nominee in case of death or disability to the life insured.

Loyalty Additions: These are added in the form of units to the fund value and are equivalent to 1% of the average fund value of the last 24 months.

What are investment options with SBI Life Smart Scholar? 

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The funds are mixture of equity and debt. You can chose among any of the following funds available which are listed below:

Index fund
 Equity Fund
 Top 300 Fund
 Equity Optimiser Fund
 P/E Managed Fund
 Growth Fund
 Balanced Fund
 Bond fund
 Money market Fund

What are the riders available with SBI Life Smart Scholar?

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The riders add extra layer of protection for your child. The riders available with Smart Scholar are:

SBI Life Personal Accident Rider
SBI Life Dread Disease Rider

Are there any tax benefits?

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Under Section 80C you can avail tax benefit, yearly premium (not more than 1lac) will be deducted from taxable income.

Under Section 10(10D) death claim is completely tax free.

What are the charges in SBI Life Smart Scholar?

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Premium Allocation Charges:
The premium allocation charges for Smart Scholar are:

Policy Year	Allocation Charge
1	6.00%
2-3	4.5%
4-5	4%
6-10	1%
11+	Nil

Fund Management Charge (FMC): These are the charges levied as a percentage of fund value to manage the funds. The premium paid is allocated into different portfolio of funds. The FMC charge for money market fund is 0.25%; bond fund is 1.0%, balanced fund, index fund is 1.25% while the rest of funds have 1.35%.

Policy Administration Charge: These are monthly deductions which start from first month and are for maintaining the policy- paperwork, work force etc.  The charges are Rs 50 per month.

Mortality Charge:These are charges deducted as a part of life cover provided and are recovered through cancellation of units. Mortality charge is dependent on the risk cover taken along with age, gender and health condition.

What else should I know about?

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Switch: Switch is made to transfer the fund value from one fund to another. You can make 2 switches per year and additional switches can be made by paying additional charges.

Partial Withdrawal: 1 partial withdrawal is free per year.

Free Look Period: Invest Assure Plus plan can be cancelled within 15 days of receiving the policy contract. A written application can be submitted to any branch for the same. The premium will be paid back minus some charges like stamp duty, medical reports.

What’s opinion on SBI Life Smart Scholar?

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Smart Scholar is a unit linked insurance plan which has many benefits. There is the usual waiver of premium rider as well as not so usual inbuilt accidental rider. You can opt for limited premium payment term. Loyalty additions are also made to the fund value.

Saral Pension

SBI Life Insurance

Retirement - means giving up work and continuing to Celebrate Life!
SBI Life - Saral Pension is an Individual, Participating, Non Linked, Traditional Pension Plan, which offers you complete safety from market volatility, by providing you a secure future and a joyous retirement.
 

For more information kindly inbox us

 

Srinivas Seeta

seetasrinivas@gmail.com

 

SBI Life - Flexi Smart Plus (UIN : 111N093V01)

(Product Code : 1M)

Brochure | Policy Document | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs

Mortality Rates for SBI Life - Flexi Smart Plus Introduction Key Features Plan at a Glance Benefits

Introduction:   SBI Life - Flexi Smart Plus is Individual, Participating, Variable Insurance Product, which helps you in fulfilling your dreams. It also gives you flexibility to adapt to your ever-changing needs, while assuring guaranteed benefits to take care of your savings.

Key Features:

• Guaranteed Minimum Bonus Interest rate* Conditions apply A minimum bonus interest rate of 1.00% p.a. is guaranteed for the whole term.   • Interim bonus interest rate An Interim bonus interest rate will be declared at the beginning of each financial year which will apply to the policies exiting during the financial year.   • Regular Bonus Interest rate Regular Bonus interest rate will be declared at the end of every financial year.   • Terminal Bonus Interest rate Terminal bonus interest rate may be credited to your policy account at the time of exit on account of maturity, death or surrender. Your policy will be credited with the Regular Bonus interest rates and Terminal Bonus interest rate, if any. Regular bonus interest rate once declared becomes guaranteed for the policy account.   • Two Protection option available: Gold Option and Platinum Option   • Partial Withdrawal Partial withdrawals are allowed from the 6th policy year to cater to your liquidity needs.   • Flexibility to increase or decrease your chosen Sum assured   • Flexibility to increase your chosen policy term     * The guarantee is applicable to policies which are in-force and within the revival period.

Plan at a Glance :

Age^ at Entry Min: 18 years Max: 60 years Age^ at Maturity Min: 23 years Max: 65 years Sum Assured Basic Sum Assured = Annualised Basic Premium × SAMF Sum Assured Multiple Factor (SAMF) Min: SAMF Higher of 10 / 7 (age < 45 / age > = 45) OR 0.50/ 0.25(age < 45 / age > = 45) x Policy Term Max: 20 Policy Term Min: 5 years Max: 30 years Premium Paying Term Same as policy term Premium Frequency Yearly / Half-yearly / Quarterly / Monthly# Premium Amounts (in multiples of Rs 100)* *In case of mode change it may be in multiples of Re 1   Min Yearly - Rs 50,000 Half-yearly - Rs 30,000 Quarterly - Rs 20,000 Monthly - Rs 9,000 No Limit

^ All the references to age are age as on last birthday.

# For Monthly Mode, 3 months premium to be paid in advance and renewal premium payment is allowed only through Electronic Clearing System (ECS), Credit Card, Direct Debit and SI - EFT.

How does the Plan work? Your Policy Account The policy account represents the value of the fund that belongs to you. The policy account will be credited with the premiums paid, net of all premium allocation charge under the policy, on which the additions as stated below will be credited. All other charges would be recovered from the policy account value. All withdrawals, payouts etc. made to you will also be deducted from your policy account. The various layers of additions which will be applying to the policy account is stated as below -

• The guaranteed minimum bonus interest rate for the product is 1.00% p.a for the whole term.   • In addition to the above, a non-zero positive regular bonus interest rate will be declared at the end of each financial year based on the surplus arising upon the statutory valuation of assets and liabilities.   • An interim bonus interest rate will be declared at the beginning of each financial year which will apply to the policies exiting during the financial year. The bonus interest rate declared at the end of the year will not be less than the interim bonus interest rate.   • At the time of policy exit (maturity/death/surrender), a terminal bonus interest rate may be paid.

Benefits:

• On Death   In case of unfortunate event of death of the Life Assured, the beneficiary will receive the following benefit: For Gold Option: Higher of Policy Account Value or Sum Assured^ / Paid-up Sum Assured^ as applicable or 105% of total premiums paid as on the date of intimation of death claim. ^Sum assured will be reduced to the extent of partial withdrawals made in the last 2 years for age on death below 60 years and for age at death 60 years & above all partial withdrawals made from 58 years onwards. For Platinum Option: Higher of Policy Account Value PLUS Sum Assured / Paid-up Sum Assured as applicable or 105% of total premiums paid as on the date of intimation of death claim.   • On Survival Maturity BenefitOn maturity, the policy holder will be entitled to policy account value including Terminal Bonus interest rate if any, calculated on the maturity date and will be payable as a lump sum on maturity.

• Tax Benefits     • Tax deduction under Section 80 C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.     • Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.     • 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.

SBI Life - Saral Swadhan+ (UIN : 111N092V01)

Brochure | Policy Document | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs
Introduction Key Features Product Snapshot Benefits
Introduction:   SBI Life - Saral Swadhan+ is an Individual, non-linked, non-participating, term assurance product with return of premium. This product gives you a fixed life cover throughout the policy term along with a guaranteed maturity benefit.
Key Features:
•	Protection at affordable cost.
•	Value for money.
•	Easy enrollment through simplified proposal form.
Product Snapshot:
Age^ at Entry Min: 18 years Max: 55 years Age^ at Maturity Min: 28 years Max: 70 years Policy Term 10 / 15 years Sum Assured Min: Rs. 30,000 Max: Rs. 4,75,000 Sum assured is defined as a multiple of annual premium paid as per the policy term chosen and age at entry, as given below. Age at Entry (years) Policy term - 10 years Policy term - 15 years 18-30 80 95 31-35 65 70 36-40 50 55 41-45 35 40 46-50 25 30 51-55 20 20 Premium Min: Rs. 1,500 Max: Rs. 5,000 Premiums are in multiple of Rs. 500. Service tax (including  cess) & J & K - GST will be borne by us, hence no additional amount will be charged from you. Premium Payment term 10 years (Fixed for both the Policy terms) Premium Frequency Yearly
^All the references to age are age as on last birthday.
Benefits:
•	On Maturity: On survival till the end of the policy term you get,
	•	Policy term 10 years - 100% of the total premiums paid
	•	Policy term 15 years - 115% of the total premiums paid
	•	Maturity benefit will be payable provided at least 3 annual premiums have been paid
•	Paid up value:
	•	Any time during the policy term if the premiums are not paid within grace period, the policy shall lapse.
	•	A lapsed policy will acquire paid-up only if at least three year’s premiums have been paid.
	•	A lapsed policy gives you the reduced benefits :
		•	Paid-up death benefit: will be reduced to the same proportion as the ratio of the number of premiums paid to the total number of premiums actually payable. The sum assured so reduced will be called paid-up sum assured. The policy can remain in-force for the reduced coverage
		•	Paid-up maturity benefit: will be 100% and 115% of Total Premium Paid for policy term 10 years and 15 years respectively.
•	On Death:
	•	In case of death of life assured during the policy term, the nominee will receive Sum assured.
•	Tax Benefits:
	•	Tax deduction under Section 80(C) is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.
	•	Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.
	•	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.
These are only the brief features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Section 41 of Insurance Act 1938 states: (1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer: Provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the insurer. (2) Any person making default in complying with the provisions of this section shall be punishable with fine which may extend to five hundred rupees   Section 45 of Insurance Act, 1938: "No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal for insurance or in any report of a medical officer , or referee , or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statements was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policyholder and that the policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose; Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the life insured was incorrectly stated in the proposal."

SBI Life - Shubh Nivesh (UIN : 111N055V02)

(Product Code : 35)

Brochure | Policy Document | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs
Introduction Key Features Shubh Nivesh at a Glance Benefits Rider
Introduction:   SBI Life - Shubh Nivesh is a non- linked, with profit Endowment Assurance product with an option of Whole Life coverage. The basic purpose is to provide Savings, Income and Insurance Cover to you and your family. Not only you can save regularly for your future but you also have the flexibility to receive the maturity amount as a lump sum or as a regular income for a chosen period, depending upon your needs.
Key Features:
•	A savings plan with flexibility of availing whole life insurance as an add-on benefit
•	Benefits including Wealth Creation, Insurance cover and Regular flow of income
•	Flexibility to choose between Single or Regular premium payment
•	Additional rider benefits at an affordable cost
•	Option to receive the Basic Sum Assured at regular intervals over a stipulated time period of 5/10/15/20 years
•	Comprehensive risk coverage through 3 Riders:
	◦	SBI Life - Preferred Term Rider (UIN:111B014V02)
	◦	SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
	◦	’SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V02)
•	Tax benefits as per prevailing norms under the Income Tax Act, 1961
Shubh Nivesh at a Glance:
Age* at Entry Min.: 18 years Max.: Endowment Option: RP - 58 years SP - 60 years Endowment with Whole Life option - 50 years Maximum Age* at Maturity 65 years, which increases to 100 years if the Endowment with Whole Life option is taken Sum Assured Min: Rs.75,000 (x 1,000/-) Max: No Limit Policy Term Min.: Endowment Option 7 (RP) / 5 (SP) years Endowment with Whole life option 15 (RP) / 15 (SP) years Max.: 30 years (Endowment Term) Premium Frequency Single Premium / Yearly / Half-yearly / Quarterly / Monthly# Premium Paying Term Same as policy term Premium Frequency Loading Half-Yearly: 52% of annual premium Quarterly: 26.5% of annual premium Monthly: 8.9% of annual premium Premium Min. Max. Single Premium: Based on the minimum Sum Assured No Limit Yearly: Rs.6,000 No Limit Half yearly: Rs. 3,000 No Limit Quarterly: Rs. 1500 No Limit Monthly: Rs. 500 No Limit
*All the references to age are age as on last birthday. #For Monthly mode, 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card) For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction
How does it work? SBI Life - Shubh Nivesh has two options:
• Endowment Option:   ▪ The base plan is a traditional endowment plan with simple reversionary bonuses which accrue till the end of the endowment term. The sum assured with all accrued bonuses will be paid on survival till the end of the endowment term or on earlier death.   • Endowment with Whole Life Option:   ▪ If you opt for a policy term of 15 years or more you also have an option to extend your cover for the whole life (or 100 years of age). The option gives you an Endowment + Whole life plan whereby, in addition to the Endowment plan benefits you are entitled to an additional amount equal to the basic sum assured on survival till age 100 years or on earlier death during the extension period.
Benefits:
•	Maturity Benefit: Depending upon the plan option chosen:
	1.	Endowment Option
		▪	After completion of endowment term, the Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal bonus, if any will be paid, provided the policy is in-force.
		▪	Deferred Maturity Payment option is available: Can be selected at the end of the endowment term
	2.	Endowment with Whole Life Option
		▪	After completion of endowment term the Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal bonus, if any will be paid, provided the policy is in-force.
		▪	Deferred Maturity Payment option is available: Can be selected at the end of the endowment term
		▪	On attainment of 100th birthday: Basic Sum Assured will be paid
•	Death Benefit: In the unfortunate death of the Life Assured, depending upon the plan option chosen:
	1.	Endowment Option:
		•	Death before the completion of endowment term provided the policy is in-force :
			◦	For Regular Premium: Higher of  A or B is paid to the nominee, where:
				A.	Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal bonus, if any.
			Sum assured on death is higher of Basic Sum Assured or a multiple of annualised premium; where multiple is:
			Policy Term Age at entry of Life Assured less than 45 years Age at entry of Life Assured 45 years or more Less than 10 years 5 5 10 years or more 10 7
				B.	105% of all the premiums paid.
	•	For Single Premium: Sum Assured on death +Vested Reversionary Bonuses + Terminal bonus, is any, is paid to the nominee   Sum assured on death is higher of Basic Sum Assured or a multiple of single premium; where multiple is:
			Age at entry of Life Assured < 45 years Age at entry of Life Assured >= 45 years 1.25 1.10
	2.	Endowment with Whole Life Option
		•	Death before the completion of endowment term provided the policy is in-force: Death Benefit as defined under point 1 of Endowment option, will be paid to the nominee.
		•	Death after completion of the endowment term and up to 100 years of age:
			✓	Basic Sum Assured benefit will be paid to the nominee.
			✓	Balance amount of Deferred Maturity Payment Option, if availed and if any, will be paid to the nominee. However, the nominee has an option to take the remaining installments in lump sum which will be equal to the discounted value of the remaining installments.
Other Benefits
•	Deferred Maturity Payment OptionYou can use this option to get income at regular intervals. At the end of the endowment term you can either withdraw the full sum assured along with accumulated bonuses or you can withdraw only the bonus, leaving the basic sum assured to be drawn as income at regular intervals over a stipulated time period of 5 , 10 , 15 or 20 years. Income will be paid at a frequency (Yearly/Half-Yearly/Quarterly/Monthly) of your choice.
Three sets of riders: -
•	SBI Life - Preferred Term Rider (UIN:111B014V02): The Preferred Term rider Sum Assured is payable in addition to normal death benefit
•	SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02): In case death due to an accident, the rider Sum Assured is payable in addition to normal death benefit
•	SBI Life - Accidental Total & Permanent Disability Benefit Rider (111B016V02): The rider Sum Assured will be paid on the Life Assured being found eligible for the Total Permanent Disability Benefit as defined in the policy document.
Tax Benefits:
•	Tax deduction under Section 80(C) is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.
•	Tax exemption under Section 10(10D) is available, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy.
•	Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
Rider Brochure:
SBI Life - Preferred Term Rider (UIN: 111B014V02)
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V02)
Rider Document:
SBI Life - Preferred Term Rider (UIN: 111B014V02)
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN: 111B016V02)