SBI Life - Smart Money Back Gold (UIN : 111N096V01)

(Product Code : 1N)

Brochure | Policy Document | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs
Introduction Key Features Product Snapshot Benefits Rider
Introduction:   SBI Life - Smart Money Back Gold is a savings plan with added advantage of life cover and cash inflow at regular intervals. It is a participating traditional money back insurance plan, meeting your various financial obligations at crucial junctures by its wide range of policy terms. Regular payments of Survival benefits are made at different durations during the policy term. In the unfortunate event of death at any time within the Policy Term, your nominee would receive the full Sum Assured plus Simple Reversionary Bonus & Terminal Bonus (if any), irrespective of Survival Benefits already paid.
Key Features:
•	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
•	Rebate on Large Sum Assured
•	Customize your coverage through the wide range of additional benefits - SBI Life -Accidental Death Benefit Rider (UIN: 111B015V02), SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V02), SBI Life - Preferred Term Rider (UIN: 111B014V02) and SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02)
•	Given below are the charts with various term options and accompanying Survival Payments:
Survival Benefit Installments (% of Basic Sum Assured)
Plan Options Option 1 Option 2 Option 3 Option 4 End of Policy year / Policy term 12 15 20 25 3 20% 15%     4     15% 5   15% 6 20% 15%   8     15% 9 20% 15%   10     15% 12 50% 15% 15%   15   50%   15% 16     15%   20     50% 15% 25       50% Total (% of Basic Sum Assured) 110% 110% 110% 110%
Simple Reversionary Bonus is payable along with the last Survival Benefit Payment. Terminal Bonus (if any) will also be paid along with the last Survival Benefit Payment.
Product Snapshot:
Age^ at Entry Plan Options Option 1 - Term 12 years Option 2 - Term 15 years Option 3 - Term 20 years Option 4 - Term 25 years Min. entry age 15 years 15 years 14 years 14 years Max. entry age 55 years 55 years 50 years 45 years Age^ at Maturity Min: 27 years Max: 70 years Sum Assured Min: Rs.75,000 (x 1,000/-) Max: No Limit* Policy Term Option 1 Option 2 Option 3 Option 4 12 years 15 years 20 years 25 years Premium Paying Term Same as policy term Premium Frequency Yearly / Half-yearly / Quarterly / Monthly# Premium Min. Max. Yearly - Rs.4,500 No Limit Half yearly - Rs. 2,400 No Limit Quarterly - Rs. 1,200 No Limit Monthly# - Rs. 400 No Limit Premium Frequency Loading Half-Yearly: 52% of annual premium Quarterly: 26.5% of annual premium Monthly: 8.9% of annual premium
^All the references to age are age as on last birthday. *The maximum sum assured would be subject to board approved underwriting policy. The maximum premium would be based on the sum assured offered. # 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
Benefits:
•	On survival:
	▪	Before maturity: The survival benefit installments expressed as a fixed percentage of basic sum assured payable at the end of specified durations during the policy term, as explained above.
	▪	At maturity: Final survival benefit installment + Vested simple reversionary bonus + Terminal bonus, if any.
•	On Death:
	In the unfortunate event of death during the term of the plan, provided the policy is in-force:
	▪	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 12, 15, 20 or 25 10 7
		B = Minimum death benefit which is equal to 105% of all the premiums paid.
Other Benefits Additional cover through four set 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.
•	SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02): The rider sum assured would be payable on the life assured being diagnosed with any of the thirteen diseases. For details on illnesses covered, please refer the rider brochure.
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 deduction under Section 80(D) is available for premiums paid towards SBI Life - Criti Care 13 Non Linked Rider.
•	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.
Rider Brochures:
SBI Life - Preferred Term Rider (UIN: 111B014V02)
SBI Life - Accidental Death Benefit (ADB) Rider (UIN: 111B015V02)
SBI Life - Accidental Total & Permanent Disability (ATPD) Benefit Rider (UIN: 111B016V02)
SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02)

SBI Life - Annuity Plus (UIN : 111N083V01)

Brochure | Policy Document | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs | ForQROPS
Introduction Key Features Product Snapshot Benefits Rider
Introduction:   SBI Life - Annuity Plus, a traditional, non-participating immediate annuity plan, which offers a comprehensive range of annuity options along with inbuilt flexibilities. It provides an opportunity to you to maintain your standard of living.
Key Features:
•	Complete freedom to choose from a wide range of Annuity options
•	Enjoy a regular income (“annuity payout”) from an early age of 40 years
•	You have an option to have Lifetime Annuity payout for you as well as a family member
•	Flexibility to choose frequency of annuity payouts as per your requirements - Monthly, Quarterly, Half-yearly or Yearly
•	Incentives of higher annuity rates for large premiums
•	Flexibility to advance your Annuity payouts
•	Return of premium or balance premium
• SBI Life - Accidental Death Benefit Rider (UIN:111B015V02)
Product Snapshot
Age Limits* Minimum age at entry : 40 years                Maximum age at entry: 80 years Annuity Payout  (per installment) Minimum :  Monthly: Rs.200, Quarterly: Rs.600,                      Half-yearly: Rs.1,200, Yearly: Rs.2,400 Maximum: No limit Annuity payout mode Monthly, Quarterly, Half-yearly or Yearly Premium Amounts  Minimum. : Such that the minimum annuity installment can be paid Maximum.: No Limit
*All references to age are age as on last birthday.
Wide Variety of Annuity Options available:
•	Life Annuity (Single Life): Annuity payout at guaranteed rate, through-out the life of the annuitant. You may choose from following options:
	•	Lifetime Income
	•	Lifetime Income with Capital1 Refund
	•	Lifetime Income with Capital1 refund in parts
•	Lifetime income with Balance Capital2 Refund: Annuity is payable at a constant rate throughout the life. On death, the Balance capital (in case positive) will be paid.
•	Lifetime income with Annual Increase of 3% or 5%: Annuity payout increases at a simple rate of 3% or 5% p.a. for each complete year and is payable throughout the life of the annuitant. All future annuity payouts cease immediately on death and the contract terminates
•	Lifetime income with certain period of 5, 10, 15 or 20 years and life thereafter:
	•	Annuity is payable at a constant rate for a minimum fixed period of 5, 10, 15 or 20 years; and for life thereafter.
•	Life Annuity (Two lives):  The annuity payout will continue at a guaranteed rate, throughout the life of the annuitants. You may choose from below options:
	•	Life and Last Survivor - 50% or 100% Income without Capital Refund
	•	Life and Last Survivor - 50% or 100% Income with Capital Refund
1Capital will mean Premium (excluding service tax and rider premium, if any) under the policy
2Balance Capital = Premium (excluding service tax and rider premium, if any) – Annuity payouts made till date.
Benefits:
Annuity payable as per the annuity option chosen.
SBI Life- Accidental Death Benefit Rider (UIN:111B015V02)
Age at Entry (as on last birthday):  Min - 40 years, Max - 60 years
Rider Term (fixed): 10 years
Maximum Age at maturity: 70 years
Minimum Sum Assured: Rs. 25,000/-
Maximum Sum Assured: Rs. 50, 00,000/-
Exclusions:
•	Rider exclusion: Please refer to sales brochure for the Accidental Death Benefit Rider (UIN: 111B015V02) for details
Tax Benefits:Tax benefits will be available as per the prevailing tax laws. All annuity payouts may be subject to income tax as per the law prevailing on the date of payout. For specific details, please contact your tax consultant.
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Rider Brochure:
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
Rider Document:
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)

SBI Life - Retire Smart (UIN : 111L094V01)

(Product Code : 1H)

Brochure | Policy Document | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs
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" "This is a Pension Product. Benefits by way of surrender, complete withdrawal or maturity/vesting will be available in the form of annuities except to the extent of commutation of such benefits as allowed under the Income Tax Rules’. "
Introduction Key Features Product Snapshot Benefits
Introduction:   Due to higher disposable incomes and breakthrough in medical sciences, longevity has increased to a great extent. We are all living longer after retirement.   Retirement may sound distant to you at the moment. However, it could span as long as one-fourth of our lifetime and is ever increasing; and not many of us have really noticed or even thought about that.   Moreover, many people underestimate how much they need to save for retirement. Thus, for creating a retirement corpus, systematic & disciplined investment is required during one’s earning years.   We present to you, 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.
Key Features:
•	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.
•	No need to worry about your investments, as the same is managed on your behalf by SBI Life through ‘Advantage Plan’. This plan guarantees a minimum of 101% of all premiums paid at maturity/vesting.
•	Get a Guarantee of minimum 105% of all premiums paid on earlier death.
•	Option to pay premiums regularly or for a limited period.
•	Flexibility to postpone your vesting age.
Product Snapshot
Age^ at Entry Minimum: 30 years Maximum: 70 years Age^ at Maturity/Vesting Minimum: 40 years Maximum: 80 years Policy Term 10, 15 to 35 years (both inclusive) Premium Paying Term Regular Premium - Same as policy term Limited Premium 5/8 years - Policy Term of 10 years 5/8/10/15 years - Policy Term of 15 - 35 years (both inclusive) Premium Frequency Yearly / Half-yearly / Quarterly / Monthly Minimum Premium Amounts (x 100) Premium Frequency Regular premium Limited Premium Yearly Rs. 24,000 Rs. 40,000 Half yearly Rs. 15,000 Rs. 20,000 Quarterly Rs. 7,500 Rs. 10,000 Monthly Rs. 2,500 Rs. 5,000 Maximum Premium Amount (X 100) No limit
* This is applicable for policy term of 35 years and provided the policy is in-force. Guaranteed addition would not apply to policies where vesting date has been deferred without payment of further premium. ^All the references to age are age as on last birthday.
Benefits:
•	Maturity/Vesting Benefit: On completion of policy term, you will receive the Higher of (Fund Value Plus Terminal Addition or 101% total premiums paid). You have the following options on Maturity / Vesting:
	•	To purchase immediate annuity, from the entire policy proceeds
	•	To purchase a single premium deferred pension product, from the entire policy proceeds
	•	To purchase immediate annuity with an option to commute up-to one-third of the policy proceeds, as per current Income Tax rules
	To extend the accumulation period or defer the vesting date provided you are below age of 55 years at vesting. The maximum extended period will be up to age 80 years. Note - In case the eligibility criteria of the approved immediate annuity product are not met (e.g. minimum annuity amount) the vesting benefit will be paid in lump sum.
•	Death Benefit: In the unfortunate event of death of the Life Assured, Higher of (Fund Value plus Terminal Addition or 105% of total premiums paid till the time of death), is payable. The beneficiary can use the death benefit amount, as per the below mentioned options:
	•	Receive the entire proceeds as lump sum
	•	Utilize the entire proceeds of the policy or part thereof for purchasing an annuity, at the then prevailing rate, provided eligibility criteria of the approved immediate annuity product is met (e.g. minimum annuity amount or age criterion).
•	Tax Benefits Premiums paid under the Policy are eligible for tax deduction u/s 80CCC of the Income Tax Act, 1961. On vesting or on surrender/discontinuance, the policyholder can currently commute up to one third of the policy proceeds as per the Income Act Tax, 1961. This commuted value is exempted from tax under section 10(10A) (iii) of the Income Tax Act 1961. The non-commuted pension taken in the form of an immediate annuity is currently taxable. Death benefit under this policy is tax exempt u/s 10 (10D) of the Income Tax Act, 1961. Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.

SBI Life - Saral Pension (UIN : 111N088V02)

(Product Code : 1E)

Brochure | Policy Document | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs
Introduction Key Features Product Snapshot Benefits Rider
Introduction:   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.
Key Features:
•	Guaranteed Bonus: Guaranteed simple reversionary Bonuses for first 5 years; @ 2.50% for first three years and @2.75% for the next two years, of the Sum Assured. Guaranteed bonus will be applicable only to in-force policies.
•	Vesting (Maturity) benefit: Sum Assured plus vested simple reversionary bonuses plus terminal bonus, if any. The sum assured carries an implicit guaranteed interest rate of at least 0.25% p.a. compounding annually on the total premiums.
•	Death Benefit: Higher of total premiums paid accumulated at an interest rate of 0.25% p.a. compounded annually plus vested reversionary bonus plus terminal bonuses, if any or 105% of total premiums paid.
•	Life Cover: Option of additional life cover through SBI Life - Preferred Term Rider (UIN: 111B014V02).
•	On Vesting, you can buy immediate annuity from your entire proceeds or commute upto one-third of the policy proceeds and buy annuity with the rest.
•	Flexibility: You can defer the vesting date upto age of 70 years or extend the accumulation / deferment* period of your policy
* If age at vesting is below 55 years.
Product Snapshot
Age^ at Entry Min: 18 years  Max: For Single premium: 65 years,   For Regular premium: 60 years Age^ at Vesting Min: 40 years Max: 70 years Policy Term Min: For Single premium: 5 years,   For Regular premium: 10 years Max: 40 years Sum Assured** Min: Rs.1,00,000/- Max:  No Limit Premium Frequency Single / Yearly / Half-yearly / Monthly# The premiums for various modes as percentage of annual premium are given below: • Monthly Premium- 8.4% of annual premium • Half-yearly Premium- 50.2 % of annual premium Premium Min:  Rs.7,500 p.a. Max: No Limit
^All the references to age are age as on last birthday. # 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 **Sum Assured is always greater than or equal to Total premiums paid accumulated at an interest rate of 0.25% p.a. compounded annually
Benefits:
•	Vesting Benefit: On attaining the vesting age, the vesting benefit proceed will be the Sum Assured plus Vested Simple Reversionary bonus plus Terminal bonus, if any. You have the following options:
	•	To purchase immediate annuity from the entire policy proceeds
	•	To purchase immediate annuity with an option to commute upto one-third of the policy proceeds as per current Income Tax* rules
	•	To utilize the entire proceeds to purchase a Single premium deferred pension product
	•	To extend the accumulation period or defer the vesting date, provided you are below age of 55 years on vesting. The maximum extended period will be up to age 70 years
•	Death Benefit: In an event of death of the policyholder, the death benefit proceed will be higher of total premiums paid accumulated at an interest rate of 0.25% p.a. compounded annually plus vested reversionary bonus plus terminal bonuses, if any, or 105% of total premiums will be paid to the nominee. The nominee will have the following options:
	•	To receive entire proceeds as lump sum
	•	Utilize the entire proceeds of the policy or part thereof for purchasing an annuity at the then prevailing rate. The annuity should be purchased from SBI Life only. The annuity rates available for the purchase of this annuity will be based on the prevailing annuity rates on the immediate annuity product.
•	Tax Benefits*:
	•	Premium paid under this policy is eligible for tax deduction u/s 80CCC of the Income Tax Act.
	•	On vesting, the policy holder can currently commute up to one-third of the policy proceeds as per Income Tax Act, 1961. This commuted value is exempted from tax under section 10(10A) (iii) of the Income Tax Act 1961. The non commuted pension amount taken in the form of immediate annuity is currently taxable.
	•	Under section 10(10D) of the Income Tax Act 1961, the lump sum death proceeds are not taxable.
Rider Brochure:
SBI Life - Preferred Term Rider (UIN: 111B014V02)
Rider Document:
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.

SBI Life - Smart Scholar (UIN : 111L073V02)

(Product Code : 51)

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

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