SBI Life Insurance Company is only the name of the Insurance Company and SBI Life – Smart Elite 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. Option to pay premium as one-time Single premium or spread it over limited tenures of 5, 8 or 10 years as you see fit. Let's finalize the policy duration you are comfortable with... A little information about the premium options... How would you like to split your investment? This benefit depends on the sum assured chosen. We have also come across some instances where there were some unsolicited calls made in the name of SBI LIFE INSURANCE CO LTD and misleading e-mails have been sent by some vested interests in the name of SBI Life Insurance Company Ltd using misleading domains. The uncertainties of life motivate us to buy a life insurance policy. You get the freedom to invest in a wide range of funds. For such a situation, the insurance company provides the insured with a grace period of 30 days. SBI Life-Smart Elite is a unit-linked life insurance plan crafted exclusively for high net worth individuals. CIN: L99999MH2000PLC129113. in the event of death or disability, whichever occurs first. SBI Life shall endeavor to continually improve the suitability, adequacy and effectiveness of the BCMS. The documents required to buy any of the funds under SBI Life Smart Elite Policy are: For calculating your Net Asset Value (NAV), you can click on the given link (https://nav.sbilife.co.in/UI/ReturnCalculator.aspx) and follow the below-mentioned steps: Email : helpdesk@policyx.com | Toll Free Number : 1800-4200-269 | Write Review, About Us | Contact Us | Sitemap | Articles | Login | Renew | Tools/Calculator | Career | Customer Service | We Care | Data Lab New | Awards, Copyright PolicyX.com / Certified : IRDAI Regn No. For more details on risk factors, terms and conditions of SBI Life – Smart Elite, read the following documents carefully. The information, material, advices, suggestions, illustrations notifications, circulars etc. A unit linked scheme, it is mainly targeted towards high net-worth individuals. The NAV calculator helps you calculate and compare the future fund’s benefits that you can cultivate after a longer policy term. A free look period of 15 days is provided to online buyers and 30 days to offline buyers. For Gold Option: Higher of Fund Value as on date of claim intimation or Sum Assured less applicable partial withdrawal* or 105% of total premiums received upto the date of death less applicable partial withdrawal*. Enhanced fund value after the 5th policy year as premium allocation charges are not applicable from then. No limit. SBI Life Insurance Co. Ltd, Natraj, M.V. 1Age mentioned in this document is age last birthday, 2 Where Annualized Premium is the premium amount payable in a year excluding the applicable taxes. SBI Life Insurance India Insurance ULIP Plans SBI Life’s Smart Elite Plan can be customised according to the needs of an individual, with some of the key features of this plan mentioned below: One can choose between two options, Gold and Platinum, based on the cover he/she needs. The confusion is the hope to search for better and get the best of all. Privacy Policy. Life insurance provides a person with life coverage and his/her family with financial support in case of any mishap. Premium can be paid in monthly, quarterly, half-yearly, yearly or single variants. SBI Life – Smart Elite offers: Security – ensuring your family’s financial protection. You can also pay the premium for 7 years/ 10 years/ 12 years and get the benefits for the desired policy term. The benefit would be equal to Basic Sum Assured, subject to an overall maximum of Rs. Issued on 29th March 2001. The amount payable is equivalent to the sum assured. I am aware that this authorization will override my registry under NDNC. Accidental Death and Accidental Total and Permanent Disability (Accident Benefit): Accidental Death should occur within 120 days of the date of an accident, solely and directly due to injuries and independent of all other causes. It provides you with extra coverage in case of any mishap like accidental death or permanent disability due to the accident. If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date. All that needs to be done is, you have to pay for all the due premiums of the policy. Maximum age at maturity of an applicant must not exceed 65 years. Please re-enter your phone number. Beware of fraudulent websites, call and e-mails. Any accident which occurs due to participation in dangerous sports. These are not guaranteed and they are not higher or lower limits of returns.Unit Linked Life Insurance products are subject to market risks. **Assumed rates of returns @4% and @8% p. a., are only illustrative scenarios at these rates after considering all applicable charges. IRDAI/WBA21/15 Valid till 13/07/2021. Deductions are limited to 10% of sum assured in case the premium collection in a year exceeds 10% of sum assured. The premium determines the sum assured one can get, with this amount varying based on the age of policyholder, plan term, etc. The benefit will be paid to the Life Assured in 10 equal annual installments. Mumbai - 400 069. For both the riders, accidents due to infection, drug abuse, self-inflicted injury, war or civil commotion, criminal acts, aviation, etc. The plan provides death benefits to the beneficiary in the case of death of the insured as per the chosen plan option.

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