SBI Life - Smart Elite (UIN : 111L072V02)

(Product Code : 53)

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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

“The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year”

Mortality Rates for SBI Life - Smart Elite Introduction Key Features Product Snapshot Benefits

Introduction:   SBI Life - Smart Elite is a Unit Linked Insurance plan - an exquisitely crafted product, exclusively for special customers like you. It gives you flexibility to pay premium(s) for limited term or single premium, with the freedom to stay invested and protected for long term. What’s more, you have the power of choosing the option best suited to your needs, at a very competitive rate. All this and more, coming from SBI Life – your preferred insurer, adds value to your investments.

Key Features:

• Pay premiums only for a limited term of 5, 8 or 10 years or a Single Payment, as per your need and enjoy benefits throughout the chosen policy term.   • No Premium Allocation Charges from 6th policy year onwards, thereby enhancing your fund value   • Two protection options available: Gold Option & Platinum Option   • Invest in wide range of funds and manage them as per your convenience.   • Life Insurance coverage with minimum Sum Assured of 10 or 7 times of your Annual Premium (AP), based on your age.   • Switch and redirection facility, to pilot your investments.   • Option to increase/decrease your Sum Assured from 6th policy year onwards.   • Accidental Death and Accidental Total and Permanent Disability (Accidental TPD) benefit automatically comes to you as an integral part of the plan!

Product Snapshot :

Age* at Entry Min: 18 years Max: 60 years Age* at Maturity 65 years    Policy Term 5 to 20 years (both inclusive) Premium Payment Term For Limited Premium Payment Term (LPPT) - 5 or 8 or 10 years. For Single Premium - Single Payment. Minimum Limited Premium Amount (X 100) Minimum Single Premium Amount (X 100) Maximum Limited/Single Premium Amount (X 100) Yearly Rs 150,000 Half-yearly Rs   75,000 Quarterly Rs   37,500 Monthly Rs   12,500   Rs 200,000 No limit   Premium Modes Single /Yearly /Half-yearly /Quarterly / Monthly Sum Assured Minimum:  For LPPT - For Ages  below 45 yrs : 10* Annual Premium (AP)  For Ages  45yrs & above: 7* AP For Single Premium (SP) - For Ages below 45 yrs : 1.25 * SP For Ages 45yrs & above: 1.10 * SP Maximum: For LPPT -  For All Ages - 20 x AP For SP – For All Ages - 5 x SP

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

Benefits:

• Maturity Benefit: On completion of Policy Term, Fund Value will be paid. • Death Benefit:   • For Gold Option: Higher of Fund Value or Sum Assured# is payable; with a minimum of 105% of total premiums paid till the time of death.     • For Platinum Option: Fund Value plus Sum Assured is payable; with a minimum of 105% of total premiums paid till the time of death.   • In-built Benefit:   • Accidental Death and Accidental Total and Permanent Disability (Accident Benefit): Provides an additional benefit for Accidental Death or Accidental TPD

• 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.