SBI Life Insurance Smart Wealth Assure Plan

Introduction:
Equity Market Performance is affected by many variables like Economic condition, Liquidity, Corporate Performance, Global Markets etc. Thus you are not sure what returns you will get on your hard earned money.SBI Life realises the same and brings to you ‘Smart Wealth Assure’ which takes care of all these variables and gives you ‘Peace of Mind’ by providing a Minimum NAV Guarantee Plus Upside, if any. SBI Life Insurance Smart Wealth Assure Plan is a unit Linked non participating Life Insurance Plan. The Plan is further fortified with many power packed features which takes care of your financial needs.

Key Features:
 
Option to choose a mix of funds providing Guaranteed Return and Market Linked Returns
Guaranteed Return provided through Return Guarantee Fund (RGF) which guarantees a Minimum Pre-specified NAV, subject to conditions**
Apart from minimum guarantee, any upside in the RGF will also be paid to You…
Market Linked Returns provided through 3 funds – Bond Fund, Equity Fund & P/E Managed Fund to give you the best possible returns
Pay only once and get the benefits throughout the Policy Term
Liquidity through Partial Withdrawal(s)
Product Snapshot 
Age at Entry ^ Minimum: 8 years      Maximum: 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 Minimum:
For Age  below 45 yrs : 1.25 * SP
For Age  45yrs & above: 1.10 * SPMaximum:For Age  below 45 yrs : 5 * SP
For Age  45yrs & above: 3 * SP
Fund Options 4 Funds:1. Return Guarantee Fund
2. Bond Fund
3. Equity Fund
4. P/E Managed Fund
* All the references to age are age as on last birthday.
Benefits: 
 
Maturity Benefit: On completion of Policy Term, Fund Value will be paid. If the policy term is such that the maturity date is the same as the termination date of RGF, then the fund value at maturity will be:
Fund value at the prevailing NAV as on date of Maturity for funds other than RGFPlus
Higher of the Fund value at the minimum pre-specified guaranteed NAV or at the prevailing NAV for the RGF.
If the policy term is such that the maturity date is later than the termination date of RGF, the maturity value is the total Fund value at maturity.
Death Benefit: Higher of Fund Value or Sum Assured##is payable; with a minimum of 105% of Single premium paid##.
Accidental Death Benefit Option:Accidental Death Benefit: Provides additional death benefit if the death occurs as a result of an accident.
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 benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
Note:
1. Bond Fund (SFIN: ULIF002100105BONDULPFND111)
2. Equity Fund (SFIN: ULIF001100105EQUITY-FND111)
3. P/E Managed Fund (SFIN: ULIF021080910P/EMNGDFND111)
4. Return Guarantee Fund – Currently no series of RGF is available for sale.
 **The ‘Return Guarantee’ (Minimum NAV Guarantee) is applicable only in respect of the Return Guarantee Fund (RGF) and is applicable to the Fund value at the end of the 10th year from the start of the subscription period of the fund and/or sub-fund(s). To provide the ‘Return Guarantee’ a guarantee charge of 0.35% p.a. of the fund value levied on RGF would be recovered through cancellation of units.#The Guaranteed return is provided through Return Guarantee Fund (RGF). RGF will be segregated by close ended sub-fund(s) terminating after 10 years from the start of subscription period of sub-fund(s). The sub funds will be offered in tranches which will be open for a minimum of 1 & maximum of 3 months. Fund provides a minimum pre-specified guaranteed NAV (declared at the launch of sub fund) at the termination of sub fund.## 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 view or download the official brochure of this plan from here.

 

 

Benefit Illustration

 

 

You may check the customized benefit illustration of this plan as per your premium, age, S.A. etc. from here.

 

 

Mortality Rates

 

 

Check mortality rates for this from here.

SBI Life Insurance Smart Horizon Plan

Introduction
:
SBI Life Insurance Smart Horizon Plan is a non participating Unit Linked Life Insurance Plan. With Smart Horizon, we give you a hassle free way to get market linked returns through the unique feature of Automatic Asset Allocation, so you truly don’t need to be an expert to grow your money! Should you be keen on managing your money actively, we also give the freedom to take charge of your investments.
 

Key Features:

 

No Premium Allocation Charge from 2nd year onwards, thereby enhancing your fund value.
Hassle free investment management by way of Automatic Asset Allocation, also a choice to manage your investments actively by choosing between 4 diverse fund options at your disposal.
You can also enjoy the best of both worlds, by a combination of Automatic Asset Allocation and the Active Fund Management options.
Life Insurance coverage, with minimum Sum Assured based on your age.
Flexible product with an option to increase or decrease your Sum Assured, from 6th year onwards.
Switch and redirection facilities, to give you the power for active management of your investments.
Option to customize the product with a wide range of riders: SBI Life – Criti Care 13 Rider (UIN: 111A018V01), SBI Life – Accidental Death Benefit Linked Rider (UIN: 111A019V01), SBI Life – Premium Payor Waiver Benefit Rider (UIN: 111A017V01) and SBI Life – Income Sustainer Rider (UIN: 111A020V01).
Product Snapshot

 

 

Age at Entry* Minimum: 7 years      Maximum: 60 years
Age at Maturity 70 years
Policy Term 10 yrs, 15 to 30 years (both inclusive)
Regular Premium Amount (X 100)
Minimum Maximum
Yearly Rs 24,000 Rs 74,000
Half-yearly Rs 15,000 Rs 37,000
Quarterly Rs   8,000 Rs 18,500
Monthly Rs  3,000 Rs   6,200
Premium Modes Yearly / Half-yearly / Quarterly / Monthly***
Sum Assured Minimum:
For Ages below 45 yrs : Higher of {10 x Annual Premium (AP) or (0.5 x Term x AP)}For Ages  45yrs & above: Higher of {7 x AP  or (0.25 x Term x AP)}Maximum:For All Ages – 20 x AP
*All the references to age are age as on last birthday.
***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: 

 

 

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:
SBI Life – Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis.
Accidental Death Benefit Linked Rider:Provides additional death benefit if the death occurs as a result of an accident.
Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.
Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.
 

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 deduction under Section 80 (D) is available for premiums paid towards Criti Care 13 Rider.
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.
Rider Brochures:
SBI Life – Criti Care 13 Rider
SBI Life – Accidental Death Benefit Linked Rider
SBI Life – Premium Payor Waiver Benefit Rider
SBI Life – Income Sustainer Rider
* 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 view or download the official brochure of this plan from here.

 

Benefit Illustration

 

You may check the customized benefit illustration of this plan as per your premium, age, S.A. etc. from here.

SBI Life Insurance Smart Elite Plan

Introduction:
SBI Life Insurance Smart Elite Plan 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. All this and more, coming from SBI Life – your preferred insurer, adds enormous 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 convenience 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 * APFor Single Premium (SP) –
For All Ages : 1.25 * SPMaximum:
For LPPT –  For All Ages – 20 * AP

For SP – For All Ages – 5 * SP


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

 

 

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 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.
# Net of partial withdrawals**Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

 

Brochure

 

You may view or download the official brochure of this plan from here.
Benefit Illustration
You may check the customized benefit illustration of this plan as per your premium, age, S.A. etc. from here.

SBI Life Insurance Saral Maha Anand Plan

Introduction: 

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:

 

 

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.
Product Snapshot

 

Age at Entry ^ Minimum: 18 years      Maximum: 55 years
Max. Age at Maturity 65 years
Policy Term 10 years / 15 years / 20 years
Minimum Premium Amounts
(x100)
Yearly          : Rs. 15,000/-
Half-yearly  : Rs. 9,500/-
Quarterly     : Rs. 5,500/-
Monthly        : Rs. 2,000/-
Maximum Premium Amounts
(x100)
Yearly           : Rs. 29,000/-
Half-yearly   : Rs. 14,500/-
Quarterly      : Rs. 7,200/-
Monthly         : Rs. 2,400/-
Premium Modes Yearly / Half-yearly / Quarterly / Monthly***
Sum Assured Minimum:
Age below 45 years :    10 × APAge 45 years or above : 7 × AP
Maximum:
20 × AP
Partial Withdrawals Upto 15% of Fund Value can be withdrawn each year, from 6th year onwards, subject to conditions. One partial withdrawal is free in a policy year.
Tax Benefits** Under Sec. 80C and  Sec. 10(10D) of Income Tax Act,1961
^ 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: 

 

Maturity Benefit: On completion of Policy Term, Fund Value will be paid.
Death Benefit: Higher of the Fund Value or Sum Assuredis payable; with a minimum of 105% of total basic premiums paidtill 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

 

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.
Rider Brochures:

 

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.

SBI Life Insurance Unit Plus Super Plan

Introduction:
SBI Life Insurance Unit Plus Super Plan is a flexible non participating Unit linked insurance Plan, specially designed to meet your changing requirements at various stages of life. With a wide array of funds, riders and other options, this product gives you the complete freedom to fulfill all your investment and insurance needs. And that’s not all; we now also offer you guaranteed additions and choice of payment options, giving you far superior value. 


Key Features:
 

 

Guaranteed Additions# of up to 75% of one annual regular premium on a regular premium policy, for a 30 year policy term, subject to the Policy being in force till the maturity date.
No Policy Administration fee for first 5 years for Regular and Limited Premium Paying Term (LPPT) plans, thereby boosting your fund value
No Premium Allocation Charge from 11th year onwards
Guaranteed Additions starting as early as 10th policy year onwards
Enhanced investment opportunity through 9 varied Fund Options including P/E Managed Fund, Index Fund & Top 300 Fund
Option to pay Regular/Limited/ Single Premium; Switch or Redirect your premiums
Flexible product with an option to increase/decrease your Sum Assured from 6th year onwards
Life Insurance coverage, with minimum Sum Assured, based on your age
Liquidity through Partial Withdrawals.
Option to customize the product with a wide range of riders: SBI Life – Criti Care 13 Rider (UIN: 111A018V01), SBI Life – Accidental Death Benefit Linked Rider (UIN: 111A019V01), SBI Life – Premium Payor Waiver Benefit Rider (UIN: 111A017V01) and SBI Life – Income Sustainer Rider (UIN: 111A020V01).
Product Snapshot

 

Age at Entry* Min: 7 years Max: 65 years
Age at Maturity 75 years
Policy Term Min. Term:
For Regular Premium (RP) -10 yrs, 15 to 30 years (both inclusive)
For Limited Premium Payment Term (LPPT) – 10 yrs, 15 to 30 years (both inclusive)
For Single Premium (SP) – 5 years
Max. Term: For Regular/Limited/Single Premium Option – 30 years
Premium Payment Term For Regular Premium – Same as Policy Term
For Limited Premium Payment Term (LPPT) –
Policy Term PPT
10 year 5 or 8 years
15-30 years 5 or 8 or 10 years
For Single Premium – Single Payment
Premium Amount (X 100)
Minimum Maximum
For  RP Rs. 30,000 Rs. 1,50,000
For LPPT Rs. 40,000 Rs. 1,50,000
For SP Rs. 65,000 Rs. 1,50,000
Premium Modes Single /Yearly
Sum Assured Minimum:
For Regular Premium (RP) & LPPT –
For Ages  below 45 yrs : Higher of {10 * Annual Premium (AP)  or (0.5 * Term * AP)}
For Ages  45yrs & above: Higher of {7 * AP  or (0.25 X Term X AP)}For Single Premium (SP) –
For Ages  below 45 yrs: 1.25 * SP
For Ages  45yrs & above: Fixed – 1.25 * SP
Maximum:
Particulars For Regular Premium For Limited Premium For Single Premium
Entry Age Below
45 yrs
45 yrs & above Below
45 yrs
45 yrs & above Below
45 yrs
Sum Assured 20 * AP 20 * AP 20 * AP 15 * AP 5 * 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 total basic premiums paid## till the time of death.
Rider Benefits:
Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis
Accidental Death Benefit Linked Rider: Provides additional death benefit if the death occurs as a result of an accident.
Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.
Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.

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 deduction under Section 80 (D) is available for premiums paid towards Criti Care 13 Rider.
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.
Note:
Index Fund (SFIN : ULIF015070110INDEXULFND111)
Top 300 Fund (SFIN : ULIF016070110TOP300-FND111)
P/E Managed Fund (SFIN : ULIF021080910P/EMNGDFND111)# 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.

 

Rider Brochures

 

SBI Life – Accidental Death Benefit Linked Rider
SBI Life – Criti Care 13 Rider
SBI Life – Income Sustainer Rider
SBI Life – Premium Payor Waiver Benefit Rider

 

Benefit Illustration

 

You may check the benefit illustration of this plan from here.

SBI Life Insurance Smart Performer Plan

Introduction:
The equity market may have its ups and downs, but you now have a protective shield that will safeguard your investments, while providing upside potential. SBI Life brings you ’Smart Performer’, a Unit Linked, Non Participating insurance product that offers you the twin benefits of ’Higher than the Highest’ of the daily NAV Guarantee and the prospect of market upside. What’s more, it also allows you to protect your gains through Automatic Rebalancing facility and offers you a choice of Single and Limited Premium Payment options.
Key Features:
 
Guarantee at maturity based on ’5% Higher than Highest Guaranteed NAV’ during the first seven years or prevailing NAV at Maturity, whichever is higher, subject to conditions#.
Enjoy the best of both worlds –  Guarantee only or Guarantee and Market Upside through our Plan offerings – ‘Secure Plan’ and ‘Secure N Grow Plan’ respectively
‘Automatic Rebalancing’ facility to lock-in your gains, available under ‘Secure N Grow Plan’ option
Convenience through single premium (SP) or 5 year Premium Paying Term (PPT)
Life Insurance coverage with minimum Sum Assured of 10 times or 7 times of your Annualised Premium (AP), based on your age.
Liquidity through Partial Withdrawal(s)
Option to customize the product with Accidental Death Benefit
Product Snapshot 
Age at Entry* Min: 9 years        Max: 65years
Age at Maturity Max: 75 years
Premium Payment Term SP or 5 years
Minimum Limited Premium Amounts (X 100)Minimum Single Premium (X 100)
Maximum Limited/Single Premium Amounts
Yearly          Rs 50,000
Half-yearly  Rs 44,000
Quarterly     Rs 36,000
Monthly        Rs 20,000Rs 60,000
No limits
Policy Term 10 years from the start of the subscription period.
Premium Modes Single / Yearly / Half-yearly / Quarterly / Monthly***
Sum Assured Age/PPT For 5 yr PPT For SP
Minimum Maximum Minimum Maximum
Below 45 Yrs 10 * AP 20*AP 1.25*SP 5*SP
Between
45yrs & 60yrs
7 * AP 20*AP 1.25*SP 5*SP
61 yrs and above 7 * AP 7 * AP 1.25*SP 1.25*SP
Plan Options
2 Plan Options:
1.
Secure Plan – All your funds would be invested in the Daily Protect Fund
2.
Secure N Grow Plan – 80% of your funds would be invested in the Daily Protect Fund and 20% would be invested in the Index Fund
* All the references to age are age as on last birthday.
*** 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: 
 
Maturity Benefit: On completion of Policy Term, Maturity Value will be paid.
Maturity value for the Daily Protect Fund will be calculated based on NAV which is higher of:
Prevailing NAV as on date of Maturity  OR
Higher than Highest Guaranteed NAV: There will be an increment of 5% to the Highest NAV achieved during the first seven years under the ‘Daily Protect Fund’.
In addition, if there are any units in the Index Fund, the Fund value of such units, calculated at the Prevailing NAV would also be added, in order to arrive at the Maturity Value
Death Benefit: Higher of the Fund Value or Sum Assured## is payable; subject to a minimum of 105% of the total premiums paid## at the time of death. The death benefit is payable only for inforce policies.
Accidental Death Benefit Option: Accidental Death Benefit: Provides additional death benefit if the death occurs as a result of an accident.

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, 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.
Note:
Daily Protect Fund – III (SFIN : ULIF020010911DLYPRO3FND111)
Index Fund (SFIN : ULIF015070110INDEXULFND111)# The Guaranteed NAV is applicable onlyin respect of the Daily Protect Fund (and the applicable series of the fund) andshall be available only at maturity, and shall be further subject to thePolicy being in force till the maturity date. Guarantee charge of 0.50%p.a. of Daily Protect Fund (applicable series) value, would berecovered from the fund (through cancellation of units) to provide theNAV guarantee.## Net of partial withdrawalsFor more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

 

Brochure

You may download its official brochure from here.

 

Customized Benefit Illustrator

 

You may make your own benefit illustration as per your requirement from here.