SBI LIFE – SMART MONEY BACK GOLD

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Some of the aspects of this policy:

Are you worried about meeting various financial obligations in the years to come? Do you wish to safeguard your family’s future?

Invest in SBI Life – Smart Money Back Gold, a participating traditional money back insurance plan, and avail twin benefits of life cover as well as periodic income to meet your financial requirements at crucial points in life.

This policy offers –

  • Security – protect your family’s future
  • Reliability – money back at regular intervals
  • Flexibility – choose your money back plan option
  • Affordability – through rider benefits at an affordable cost

Some of the amazing features and advantages of this policy:

Features

  • Get life cover benefit irrespective of survival benefits already paid
  • Total Survival benefit of 110% of sum assured paid till maturity
  • Four plan options with different policy term and survival benefits payable at specific durations
  • Get comprehensive coverage at an affordable cost with four rider options
  • Rebates on large sum assured

Advantages

Security

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  • Meet your financial obligations and secure your family’s future

Reliability

  • Regular cash flow at specific intervals to meet your financial needs

Flexibility

  • Four money back plan options to suit your needs

Affordability

  • Enhance your coverage through four rider options at a nominal cost
    • SBI Life – Preferred Term Rider
    • SBI Life – Accidental Death Benefit Rider
    • SBI Life – Accidental Total and Permanent Disability Benefit Rider
    • SBI Life – Criti Care 13 Non-Linked Rider
    • Features

      • Get life cover benefit irrespective of survival benefits already paid
      • Total Survival benefit of 110% of sum assured paid till maturity
      • Four plan options with different policy term and survival benefits payable at specific durations
      • Get comprehensive coverage at an affordable cost with four rider options
      • Rebates on large sum assured

      Advantages

      Security

      • Meet your financial obligations and secure your family’s future

      Reliability

      • Regular cash flow at specific intervals to meet your financial needs

      Flexibility

      • Four money back plan options to suit your needs

      Affordability

      • Enhance your coverage through four rider options at a nominal cost
        • SBI Life – Preferred Term Rider
        • SBI Life – Accidental Death Benefit Rider
        • SBI Life – Accidental Total and Permanent Disability Benefit Rider
        • SBI Life – Criti Care 13 Non-Linked Rider

       

Some of the SBI LIFE – SMART MONEY BACK GOLD Policy benefits are as follows,

Based on our Survival:

  • Before Maturity:
    The survival benefit installments expressed as a fixed percentage of Basic Sum Assured payable at the end of specified intervals during the policy term, as explained below.

  • 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 annualized premium; where multiple is:

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Age at entry of Life Assured less than 45 yearsAge at entry of Life Assured 45 years or more
Multiple of annualized premium107

B = Minimum death benefit which is equal to 105% of all the premiums paid.

Some of the 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 of death due to an accident, the rider Sum Assured is payable in addition to normal death benefit
  • SBI Life – Accidental Total and Permanent Disability Benefit Rider (UIN 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.

To know more about the  terms and conditions of SBI Life – Smart Money Back Gold, read the following documents carefully.

One who is able to take SBI Life – Smart Money Back Gold Policy

  • All references to age are age as on last birthday.

One important aspect is 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 are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

 

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