SBI Life - Smart Wealth Builder

"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"

Have you invested your money in an instrument that provides you with the flexibility to manage your funds?

It's time to start investing today to reap the benefits tomorrow. With SBI Life-Smart Wealth Builder, avail the benefit of life coverage and enhanced investment opportunity by investing in one or many investment funds. Also, get guaranteed additions# based on the term of the policy.

This plan offers -
Security-to financially protect your family in the case of an eventuality
Reliability-through periodic guaranteed additions
Flexibility-to manage the invested money as per your choice
Liquidity-through partial withdrawals from 6th policy year onwards

Try our benefit illustrator below to see how you can build your wealth smartly.
Build wealth and live the life you earned.

HIGHLIGHTS
Unit Linked Plan
SBI Life-Smart Wealth Builder
Guaranteed Additions
Life Insurance
Multiple Funds

Features & Advantages

Features
Life coverage
Guaranteed additions# up to 125% of one annual regular premium
Enhanced investment opportunity through 11 varied funds and the flexibility for switching and redirection
Partial withdrawals from 6th policy year onwards

Guaranteed Additions at pre-specified percentage of one Annual Premium/Single Premium, would be made to the Fund Value at the end of 10th policy year and every 5th year thereafter, subject to policy being in-force as on date of proposed addition. Higher the policy term, higher the guaranteed addition. Maximum 125% of guaranteed additions available on selecting the policy term of 30 years under regular premium plan.

Provided Life Assured is minimum 18 years old as on date of such withdrawal

Advantages
Security
Ensure your family's financial protection in the case of an eventuality

Reliability
Grow your money through Guaranteed Additions

Flexibility
Adjust your plan according to your financial sensibilities
Switch your investments among eleven funds to suit your changing investment needs

Liquidity
Make partial withdrawals in the case of a financial emergency

Avail tax benefits

Plan Benefits

Maturity Benefit:
Applicable only for in-force policies:
On completion of Policy Term, Fund Value will be paid.

Death Benefit:
Applicable only for in-force policies: Higher of

Fund Value as on the date of death intimation or
Sum Assured less Applicable Partial Withdrawals (APW)##, if any or
105% of the total Premiums received up to the date of death less Applicable Partial Withdrawals (APW)##, if any

##APW equals partial withdrawals, if any, in the last 2 years immediately preceding the death of the Life Assured. APW will not be applicable in case the life assured is minor (less than 18 years of age) at the time of death.

Nominee or beneficiary (legal heir) has the option to receive the Death Benefit as Lump Sum or in instalments over 2 to 5 years under 'Settlement' Option as yearly, half yearly, quarterly or monthly payouts as required.

Note: During the settlement period, the investment risk in the investment portfolio is borne by the beneficiary.

[00B]&Tax Benefits[/B]

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.

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 the name of the insurance company and SBI Life-Smart Wealth Builder 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. Please know the associated risk and the 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. 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.

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.