SBI Life - Saral Insure Wealth Plus

SBI LIFE - SARAL INSUREWEALTH PLUS

"An EMI* that earns for you"
1. Easy Monthly Insurance
2. Choice of 8 different funds
3. Systematic Monthly Withdrawal
4. Loyalty Additions
5. Partial Withdrawal option

*Easy Monthly Insurance for Life Coverage

An Individual, Unit Linked, Non-Participating Life Insurance Product

"The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year"

Enjoy growth with a ULIP Plan that offers life cover, wealth creation and facility of Systematic Monthly Withdrawal

Is your chosen ULIP helping you reap the most out of your investment strategy?

SBI Life - Saral InsureWealth Plus product offers you so much more with:
1. Security - protection for your loved ones in the case of an eventuality
2. Simplicity - Monthly premiums for systematic growth
3. Flexibility - choose between eight different funds as per your risk appetite
4. Reliability- through assured loyalty additions at the end of every policy year starting from 6th policy year onwards for in-force policies
5. Liquidity - partial withdrawals from the 6th policy year or on attainment of 18 years of age

Try the premium calculator below, for a clear understanding of this ULIP and its benefits.

HIGHLIGHTS
1. Life Insurance
2. Unit Linked Plan
3. Monthly mode
4. Regular investment option
5. Multiple Funds
6. SBI Life - Saral InsureWealth Plus

Features & Advantages

Features
1. Easy Monthly Insurance for Life coverage
2. Choice of 8 fund options as per your risk appetite
3. Systematic Monthly Withdrawal from 11th Policy Year provided the policy is in-force to facilitate regular payouts
4. Fund Value Boosters for policies in-force through loyalty additions, from the end of the 6th Policy Year
5. Partial Withdrawal option from 6th Policy Year
6. Tax benefits as per income tax laws*

Advantages

Security
1. Financial protection that ensures your family's security in case of an eventuality

Simplicity
1. Monthly premiums for systematic growth

Flexibility
1. Multiple fund options to suit your risk appetite and wealth creation strategy

Reliability
1. Loyalty benefits from 6th policy year onwards for in-force policies

Liquidity
1. Option of Partial withdrawal and
2. Systematic Monthly Withdrawal to meet your regular expenses provided the policy is in-force.

Plan Benefits

Maturity Benefit (Applicable only for in-force policies):
1. Fund Value at prevailing NAV on the maturity date will be, payable in lumpsum

Death Benefit (Applicable only for in-force policies):

1. For Life Assured with entry age below 8 years:
On death of the minor lives before the date of commencement of risk under the policy, the company will pay the Fund Value as on the date of intimation of the claim to the company.

On death of the minor lives on or after the date of commencement of risk, the company will pay the Death benefit as mentioned below for age at entry 8 years and above.

2. For Life Assured with entry age 8 years and above:
On death of the Life Assured with entry age 8 years and above, the company will pay the Death benefit as mentioned below.

Higher of

1. The Fund Value as on the date of intimation of death to the company, or
2. Basic Sum Assured less Applicable Partial Withdrawal (APW)^, or
3. 105% of the total premiums received upto the date of death less Applicable Partial Withdrawal (APW)^

^APW equals an amount equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.

Settlement Option: Nominee or beneficiary or legal heir has the option to receive the Death Benefit, in instalments over 2 to 5 years under 'Settlement' Option as yearly, half yearly, quarterly or monthly payouts as required, from the date of death.

Who can buy?



**Assumed rates of returns @4% and @8% p. a., are only illustrative scenarios at these rates after considering all applicable charges. These are not guaranteed and they are not higher or lower limits of returns. Unit Linked Life Insurance products are subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their future prospects or returns.

Various charges such as 'Premium Allocation Charges', 'Fund Management Charges' etc. are deducted. For the complete list of charges and their workings.
Unit Linked Life Insurance products are different from the traditional products and are subject to market risks.

The premium paid in Unit Linked policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder/insured is responsible for his/her decisions.

SBI Life Insurance Co. Ltd. is only the name of the insurance company and SBI Life - Saral InsureWealth Plus is only the name of the unit linked Life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.

Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.

Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document from the insurer.

The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns.

*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. Please consult your tax advisor for details.