SBI Life - Smart Privilege

''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.''

You are an achiever, admired for your excellent decisions in life. As you have established your achievements, you only settle for the best, be it personal or financial goals. SBI Life-Smart Privilege offers protection and lets you control your investment in market through multiple fund switches and loyalty additions to boost your fund value.

Key benefits:
Wealth creation through market linked returns with choice of 11 diverse fund options
Loyalty additions starting from the end of 6th policy year to boost fund value, for in-force policies only
Unlimited free switching basis your market outlook

HIGHLIGHTS
ULIP
Wealth Creation
SBI Life-Smart Privilege
UHNI
Life Insurance

Features & Advantages
Features
Life insurance coverage along with market-linked returns
Loyalty Additions starting as early as from the end of 6th policy year onwards for in-force policies.
Option of paying premiums throughout the term or for a limited period or through a single payment.
Option of 11 different funds.
Unlimited free switches and premium redirection
Partial withdrawals from 6th policy year or on attainment of age 18 years by the life assured, whichever is later

Advantages
Security
Secure your family's dreams through protection and wealth creation

Reliability
Grow your wealth through regular loyalty additions

Flexibility
Manage your funds as per your investment objectives and risk appetite
Pay premiums as per your convenience
Manage your evolving financial priorities with unlimited free switching facility

Liquidity
Meet unexpected financial expenses with partial withdrawals from the 6th policy year or 18 years of age whichever is later

Avail tax benefits

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

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.

Tax Benefits:
You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India. Please consult your tax advisor for details.



1) All the references to age are age as on last birthday.

2)Where annualized Premium means the premium amount payable in a year excluding the applicable taxes.

For monthly mode, up to 3 months premium to be paid in advance and renewal premium payment is allowed only though ECS, Credit Card, Direct debit and SI-EFT. For Monthly Salary Saving Scheme (SSS), up to 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction

Note: In case of the minor lives, the policy term should be appropriately chosen so as to ensure that life assured will be at least aged 18 years (last birthday) as on the maturity date. In case of minor lives, date of commencement of policy and date of commencement of risk shall be same and the policyholder/proposer can be parents, or legal guardian etc.

**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 is responsible for his/her decisions. SBI Life Insurance Co. Ltd. is only the name of the insurance company and SBI Life-Smart Privilege 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 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. You may visit our website for further details here. Please consult your tax advisor for details.