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.
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)
Age at Entry ^
Minimum: 8 years Maximum: 65 years
Age at Maturity
10 to 30 years (both inclusive)
Premium Payment Term
Single Premium (SP)
Single Premium Amount (X 100)
Min: Rs 50,000
Max: No limit
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
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.
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.
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.
You may view or download the official brochure of this plan from here.
You may check the customized benefit illustration of this plan as per your premium, age, S.A. etc. from here.