SBI Life - Smart Scholar (UIN : 111L073V02)

(Product Code : 51)

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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 Scholar Introduction Key Features Product Snapshot Benefits

Introduction:   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 baby steps towards you, nothing seems more blissful. With this divine happiness comes a new sense of responsibility that’s close to your heart. You want to make your child’s life a bed of roses or a tender cushion. At SBI Life, we understand your needs and provide you with a flexible and all-encompassing solution: SBI Life - Smart Scholar, a non participating Unit Linked Insurance Plan. Secure your child’s future by gaining from the financial markets. Our specially crafted Smart Scholar Plan is as accommodating as you are to your child.

Key Features:

• Secure your child’s future by gaining from the financial markets and much more.   • Dual protection for your family, in case you are not around -   • Payment of base Sum Assured and   • Inbuilt Premium Pay or Waiver benefit to ensure continuance of your policy   • In addition, Accident Benefit which includes Accidental Death benefit and Accidental Total and Permanent Disability (Accidental TPD) benefit, is an integral part of the plan   • Depending upon the term of the policy, Loyalty Additions would be paid periodically, for in-force policies.   • Enhanced investment opportunity through 7 varied fund options   • Twin benefits of market linked return & insurance benefit   • Liquidity through partial withdrawal(s)

Product Snapshot :

Age at Entry * Child: Min: 0 years Max: 17 years Proposer: Min: 18 years Max: 57 years Max. Age* at Maturity 65 years Policy Term Min: 8 years Max: 25 years less child’s age at entry On Maturity, the age of child should be between 18 to 25 years) Premium Payment Terms (PPT) Single Premium (SP) 5 to 25 years (subject to the limits of policy term) Premium Amounts(x100) Minimum: PPT Frequency Minimum(Rs) SP Single 75,000 5 years to 7 years Yearly 50,000  Half Yearly 25,000  Quarterly 12,500 Monthly 4,500 8 years or more Yearly 24,000  Half Yearly 16,000  Quarterly 10,000 Monthly 4,000 Maximum : No Limit Sum Assured For Single Premium: Minimum Maximum  Across all ages Age<45 years Age=>45 years 1.25 * SP 5 * SP 1.25 * SP For other PPTs: Minimum Maximum Age<45 years Age=>45 years Across all ages Higher of: 10 * AP or ½ * T * AP 7 * AP 20 * AP

• All the references to age are age as on last birthday     • Where AP is ’Annualised Premium’

Loyalty Additions, by way of free allocation of units: During the term of the policy loyalty units would be given for in-force policies on completion of specific durations. Loyalty additions depend on term of the policy. The loyalty addition at relevant policy year end will be equivalent to- 1% x [Average fund value over the 1st day of the last 24 policy months] Loyalty additions are payable at the end of the year(s) as per the chart below

Benefits:

• Maturity Benefit: On completion of Policy Term, Fund Value will be paid • Death Benefit:   • In the event of unfortunate death of life assured, a lump sum benefit equal to higher of the Sum Assured or 105% of all premiums paid till date of death will be payable.     • The company continue’s to pay your future premium(s) on your behalf (inbuilt Premium Payor Waiver Benefit) and the accumulated fund value will be paid at maturity     • In case of your unfortunate accidental death or accidental total and permanent disability we pay:       ✓ Additional benefit equal to Accident benefit Sum Assured     • The Accident Benefit and Premium Payor Waiver Benefit are not available in the Single Premium policies.

• Tax Benefits     • Tax deduction under Section 80C 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