SBI Life Insurance Saral Maha Anand Plan
SBI Life Insurance Saral Maha Anand Plan is a product created just for you, which will pleasantly surprise you with its sheer simplicity and convenience! It is a unit linked non participating Life Insurance Plan, which lets you manage your investments according to your risk appetite, giving you the power to realise market related returns on your policy. You can choose your required Life Insurance cover subject to a minimum and maximum limit. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Key Features:
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| • | No medical examination, Simple joining process#. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| • | Liquidity through Partial Withdrawals. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| • | Guaranteed Additions## of up to 30% of one annual premium, for a 20 year policy term, subject to the Policy being in force till the maturity date. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| • | Option to avail additional rider benefit under SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V01) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| • | 4 Fund options, to enjoy market related returns as per your risk appetite. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| • | Twin Benefit of Market linked returns & insurance cover. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ^ All the references to age are age as on last birthday ** Tax benefits are subject to change in tax laws. Please consult your tax advisor for details. *** For monthly mode, 3 months premium to be paid in advance and renewal premium payment is allowed only through ECS, Credit card, Direct debit and SI-EFT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Benefits:
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| • | 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 total basic premiums paid* till the time of death. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| • | Rider Benefits: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| • | Accidental Death Benefit Linked Rider: Provides additional death benefit if the death occurs as a result of an accident. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax Benefits
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| • | 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, 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| • | SBI Life - Accidental Death Benefit Linked Rider | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| # No medical underwriting if no adverse declaration is made in the proposal form by the policyholder ## For any partial withdrawal done, the guaranteed addition shall be reduced proportionately. * Net of partial withdrawals. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Brochure
You may download the official brochure of this plan from here.
Benefit Illustration
You may check the benefit illustration of this plan from here.