Cash inflow at regular intervals

SBI Life - Smart Money Back Gold

Introduction:    SBI Life - Smart Money Back Gold is a savings plan with added advantage of life cover and cash inflow at regular intervals. It is a participating traditional money back insurance plan, meeting your various financial obligations at crucial junctures by its wide range of policy terms. Regular payments of Survival benefits are made at different durations during the policy term. In the unfortunate event of death at any time within the Policy Term, your nominee would receive the full Sum Assured plus Simple Reversionary Bonus & Terminal Bonus (if any), irrespective of Survival Benefits already paid.
Key Features:
•	Money Back options specially tailored to suit your requirements
•	Fixed cash inflows which can meet your various financial obligations
•	Survival Benefit of 110% of Sum Assured paid till maturity
•	Rebate on Large Sum Assured
•	Customize your coverage through the wide range of additional benefits - SBI Life -Accidental Death Benefit Rider (UIN: 111B015V02), SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V02), SBI Life - Preferred Term Rider (UIN: 111B014V02) and SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02)
•	Given below are the charts with various term options and accompanying Survival Payments:
Survival Benefit Installments (% of Basic Sum Assured)
Plan Options Option 1 Option 2 Option 3 Option 4 End of Policy year / Policy term 12 15 20 25 3 20% 15% 4 15% 5 15% 6 20% 15% 8 15% 9 20% 15% 10 15% 12 50% 15% 15% 15 50% 15% 16 15% 20 50% 15% 25 50% Total (% of Basic Sum Assured) 110% 110% 110% 110%
Simple Reversionary Bonus is payable along with the last Survival Benefit Payment. Terminal Bonus (if any) will also be paid along with the last Survival Benefit Payment.

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Benefits:
•	On survival:
	▪	Before maturity: The survival benefit installments expressed as a fixed percentage of basic sum assured payable at the end of specified durations during the policy term, as explained above.
	▪	At maturity: Final survival benefit installment + Vested simple reversionary bonus + Terminal bonus, if any.
•	On Death:
	In the unfortunate event of death during the term of the plan, provided the policy is in-force:
	▪	Higher of A or B is paid to the nominee, where: A = Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal bonus, if any. Sum Assured on death is higher of Basic Sum Assured or a multiple of annualised premium; where multiple is:
		Policy Term Age at entry of Life Assured less than 45 years Age at entry of Life Assured 45 years or more 12, 15, 20 or 25 10 7
		B = Minimum death benefit which is equal to 105% of all the premiums paid.
Other Benefits  Additional cover through four set of riders: -
•	SBI Life - Preferred Term Rider (UIN:111B014V02): The Preferred Term rider Sum Assured is payable in addition to normal death benefit
•	SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02): In case death due to an accident, the rider Sum Assured is payable in addition to normal death benefit
•	SBI Life - Accidental Total &Permanent Disability Benefit Rider (111B016V02): The rider Sum Assured will be paid on the Life Assured being found eligible for the Total & Permanent Disability Benefit as defined in the policy document.
•	SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02): The rider sum assured would be payable on the life assured being diagnosed with any of the thirteen diseases. For details on illnesses covered, please refer the rider brochure.
Tax Benefits*:
•	Tax deduction under Section 80 C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.
•	Tax deduction under Section 80(D) is available for premiums paid towards SBI Life - Criti Care 13 Non Linked Rider.
•	Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.
* Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.

Call/SMS: 9440557921   OR     Write:anand_prem_raj@yahoo.com