SBI Life - Smart Bachat

SBI LIFE - SMART BACHAT

"Kuch apno ke liye, kuch apne liye."
1. Limited premium payment term
2. Two plan options
3. Optional Premium Waiver Benefit

Individual, Non-linked, Participating Life Insurance Savings Product

Are future uncertainties keeping you from committing to a long-term investment plan?
Safeguard your family's future and meet your investment needs wisely with SBI Life - Smart Bachat.

This limited premium payment plan offers -
1. Security - to financially safeguard yourself and your family
2. Reliability - with simple reversionary bonuses throughout the policy term
3. Flexibility - to choose your premium payment term and policy term

Enter your details in our benefit illustrator below and see how you may secure yourself and your family.
Secure your finances, secure your happiness!

HIGHLIGHTS
1. Traditional Plan
2. Endowment Plan
3. SBI Life - Smart Bachat
4. Limited Premium Payment Term
5. Participating Plan
6. Savings Plan

Features & Advantages

Features
1. Life insurance coverage through two plan options
2. Simple reversionary bonuses throughout the policy term
3. Option of in-built premium waiver benefit
4. Choose between four premium payment terms and a wide range of policy term

Advantages
Security
1. Financially protect you and your family in case of any eventuality with two options
A. Option A : Endowment Option
B. Option B : Endowment Option with in-built Accidental Death and Total Permanent Disability (AD&TPD) Benefit

Reliability
1. Build your corpus through regular simple reversionary bonuses
2. Premium waiver on Accidental Total & Permanent Disability (only for Option B)

Flexibility
1. Opt for a policy term according to your insurance needs
2. Choose premium payment term as per your convenience

Avail tax benefits*

Plan Benefits

Maturity Benefit for both Options :
On survival till the end of the policy term, Basic Sum assured$ + Vested Simple Reversionary Bonuses + Terminal bonus, if any, is paid to the policyholder.

$Basic Sum Assured is the absolute amount of benefit, which is guaranteed to become payable on maturity and is chosen by the policyholder at the inception of the policy.

Death Benefit for both Options :
On death of the life assured during the policy term, the beneficiary is entitled to get higher of A or B
A. Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal Bonus, if any.
Where Sum Assured on death will be higher of Basic Sum Assured or 10 times annualized$$ premium
B. 105% of the total premiums received^^ up to the date of death.
$$Annualized Premium is the premium payable in a policy year as chosen by the policy holder, excluding the Applicable Taxes, underwriting extra premium and loadings for modal premiums, if any.

^^Total Premiums received means total of all the premiums received, excluding any extra premium and applicable taxes.

In built Accidental Death and Total Permanent Disability (AD&TPD) Benefit, applicable only for Option B:
a) In case of Accidental Death of the life assured during the policy term,
1. An additional amount equivalent to the Basic sum assured would be payable in lump sum as an AD&TPD Benefit ##PLUS
2. Death benefit as explained under 'Death Benefit for both Options'
3. Policy will terminate and no further benefits will be payable

b) In case of Accidental Total and Permanent Disability of the life assured during the policy term
1. AD&TPD Benefit## would be payable in lump sum
2. All future premiums would be waived off AND
3. The base policy continues till surrender, death or maturity, whichever is earlier
##AD & TPD Benefit will be lower of (a) and (b):
a. Basic Sum assured
b. Rs.50,00,000 subject to the condition that total sum assured under this benefit on all your individual policies with SBI Life put together should not exceed Rs. 50,00,000
c. This cap shall apply for Accidental Death and Accidental Total and Permanent Disability put together.
The benefit will be paid only once during the policy term, either on accidental death or on accidental total permanent disability.

Who can buy?



**Assumed rates of returns @4% and @8% p. a. respectively, are only illustrative scenarios at these rates after considering all applicable charges. The bonus rates are assumed constant during the bonus accrual period, where as actual bonus could vary, depending on the investment experience of the Company. These are not guaranteed and they are not higher or lower limits of returns. Returns are dependent on a number of factors including future investment performance.

*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here.