Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person. BNP Paribas Cardif Proposes to Increase Stakes in SBI Life Insurance to 36% IRDAI Directs SBI Life Insurance Company Ltd. to Refund Commission Excess of Rs.275 Crores to Policyholders The Biggest Refund Order of Rs. 275 Crore Issued by IRDA to Sbi Life
No Premium Allocation Charges from the 11th policy year Accident Death Benefit Linked Rider is available under the plan Exclusions The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date.
Details About Premium Illustration for a policy term of 15 years Policy Details Grace Period: 30 days grace period is allowed for payment of premium Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions One free partial withdrawal is allowed from the 6th year which should be a minimum of Rs.2000 and maximum of 15% of the Fund Value as on the date of withdrawal Premium redirection is available from the 2nd policy year 2 free switches are allowed per policy year
It is a unit linked plan with regular premium payment option which can be availed easily without any medical examinations There is a feature of Guaranteed Additions of up to 30% of Annual Premium The following 3 funds are available for investment: Equity Fund Balanced Fund Bond Fund
The insured will get the total Fund Value on Maturity On death, higher of the basic SA net of any partial withdrawals already made from the Fund Value or Fund Value or 105% of the premiums paid till death is paid to the nominee The policyholder can choose to receive the Maturity Benefit in instalments after the policy term in 5 years. This is called the Settlement Option. Guaranteed Additions are paid from the end of the 10th policy year @ 5% and increase every 5 years by 5% Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.
SBI Life Saral Maha Anand is a non-participating Unit Linked plan providing growth opportunities through capital market participation and taking care of the future needs
