SBI Life Insurance New Office In Rewari - 8053025222
SBI Life – Smart Wealth Builder
UIN: 111L095V03
Are you looking for an investment product that offers both life coverage and the potential for enhanced returns?
Introducing SBI Life – Smart Wealth Builder, a Unit-linked, Non-participating Life Insurance product designed to provide you with flexibility and growth opportunities. You can choose from 11 diverse investment funds tailored to your risk appetite, ensuring market-linked returns.
Key Features:
- Life coverage combined with an enhanced investment opportunity
- Total Guaranteed Additions of up to 125%* of Annual Premium based on the policy term
- Tax benefits# under prevailing Income Tax laws
Please note, Unit Linked Insurance Products do not provide liquidity during the first five years of the contract. Policyholders cannot surrender or partially withdraw their investment until the end of the fifth year.
*Guaranteed Additions equivalent to a specified percentage of one Annual Premium/Single Premium will be added to the Fund Value at the end of the 10th policy year and every 5th year thereafter, provided the policy remains in-force. Higher policy terms attract higher guaranteed additions. #Tax benefits are subject to the provisions of the Income Tax laws, which may change. Please consult your tax advisor for details."
This revision maintains the core information while presenting it in a more engaging and informative manner.
Features:
- Comprehensive life coverage
- Guaranteed additions# up to 125% of one annual regular premium
- Enhanced investment opportunities with 11 diverse funds and flexibility for switching and redirection
- Partial withdrawals available from the 6th policy year onwards+
- Conditions apply: The Life Assured must be a minimum of 18 years old at the time of withdrawal."
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 upto 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.
&Tax Benefits
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