SBI Life - Smart Wealth Assure (UIN : 111L077V02)

(Product Code : 55)

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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 Wealth Assure Introduction Key Features Product Snapshot Benefits
Introduction:   SBI Life - Smart Wealth Assure is a Unit Linked non-participating Life Insurance Plan. It is a single premium plan, wherein you have to pay premiums once and you can continue to enjoy the benefits throughout the policy term. The plan helps you to enjoy market related returns along with insurance cover, with just a single premium
Key Features:
•	Option to choose a mix of funds providing Market Linked Returns
•	Market Linked Returns provided through 2 funds – Bond Fund & Equity Fund to give you the best possible returns
•	Pay only once and get the benefits throughout the Policy Term
•	Liquidity through Partial Withdrawal(s)
•	Option to customize the product with Accidental Death Benefit Option
Product Snapshot
Age* at Entry Min: 8 years Max: 65 years Age* at Maturity 75 years Policy Term 10 to 30 Years (both inclusive) Premium Payment Term Single Premium (SP) Single Premium Amount (X 100) Min: Rs 50,000 Max: No limit      Sum Assured Min: For Ages  below 45 yrs : 1.25 x SP For Ages  45yrs & above: 1.10 x SP Max: For Ages  below 45 yrs : 5 x SP For Ages  45yrs & above: 3 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: Higher of the Fund Value or Sum Assured## is payable; with a minimum of 105% of Single premium paid.
•	Accidental Death Benefit Option: Provides additional death benefit if the death occurs as a result of an accident.
•	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 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.