You are not always sure what returns you will get on your hard earned money. Like that Equity Market Performance is influenced by many variables like Economic condition, Liquidity, Corporate Performance, Global Markets etc.

SBI Life realises the matter and brings to you ‘Smart Wealth Assure Plan’ that takes care of all these changeable states and gives you ‘Peace of Mind’ by providing a Minimum NAV Guarantee Plus Upside, if any. SBI Life - Smart Wealth Assure is a unit Linked non participating Life Insurance Plan. The Plan is further strengthened with many power packed characteristics, which takes care of your financial needs.

Tundamental characteristics of SBI Life Smart Wealth Assure Plan:
There is alternative to choose a mix of funds providing Guaranteed Return and Market Linked Returns.In this Plan Guaranteed Return provided through Return Guarantee Fund (RGF) which guarantees a Minimum Pre-specified NAV, subject to conditions that the ‘Return Guarantee’ (Minimum NAV Guarantee) is applicable only in respect of the Return Guarantee Fund (RGF) and is applicable to the Fund value at the end of the 10th year from the start of the subscription period of the fund and/or sub-fund(s). To provide the ‘Return Guarantee’ a guarantee charge of 0.35% p.a. of the fund value levied on RGF would be recovered through cancellation of units.Apart from minimum guarantee, any upside in the RGF will also be paid to You. Market Linked Returns provided through 3 funds – Bond Fund, Equity Fund & P/E Managed Fund to give you the best possible returns. Pay only once and get the benefits throughout the Policy Term. Liquidity through Partial Withdrawal(s). Attractive Tax benefits under the Income Tax Act, 1961, subject to conditions that Tax benefits are subject to change in tax laws. Please consult your Tax advisor for details

A Clear Picture of the Product:
Age at Entry = Minimum: 8 years Maximum: 65 years
Age at Maturity = 75 years
Policy Term = 10 to 30 years (both inclusive)
Premium Payment Term = Single Premium (SP)
Single Premium Amount (X 100) = Min: Rs 50,000 ; Max: No limit
Sum Assured: -
Minimum: -
For Age below 45 yrs : 1.25 * SP
For Age 45yrs & above: 1.10 * SP
Maximum: -
For Age below 45 yrs : 5 * SP
For Age 45yrs & above: 3 * SP
Fund Options: -
4 Funds:
1. Return Guarantee Fund
2. Bond Fund
3. Equity Fund
4. P/E Managed Fund

Note: -
All the references to age are age as on last birthday.

Benefits of this Plan:
Maturity Benefit: -
On completion of Policy Term, Fund Value will be paid. If the policy term is such that the maturity date is the same as the termination date of RGF, then the fund value at maturity will be:
• Fund value at the prevailing NAV as on date of Maturity for funds other than RGF
Plus
• Higher of the Fund value at the minimum pre-specified guaranteed NAV or at the prevailing NAV for the RGF.
If the policy term is such that the maturity date is later than the termination date of RGF, the maturity value is the total Fund value at maturity.
• Death Benefit: Higher of Fund Value or Sum Assured (Net of partial withdrawals) is payable; with a minimum of 105% of Single premium paid (Net of partial withdrawals).
• Accidental Death Benefit Option:
Accidental Death Benefit: Provides additional death benefit if the death occurs as a result of an accident.
Note:
1. Bond Fund (SFIN: ULIF002100105BONDULPFND111)
2. Equity Fund (SFIN: ULIF001100105EQUITY-FND111)
3. P/E Managed Fund (SFIN: ULIF021080910P/EMNGDFND111)
4. Return Guarantee Fund - Currently no series of RGF is available for sale.

Note: -
The ‘Return Guarantee’ (Minimum NAV Guarantee) is applicable only in respect of the Return Guarantee Fund (RGF) and is applicable to the Fund value at the end of the 10th year from the start of the subscription period of the fund and/or sub-fund(s). To provide the ‘Return Guarantee’ a guarantee charge of 0.35% p.a. of the fund value levied on RGF would be recovered through cancellation of units.
The Guaranteed return is provided through Return Guarantee Fund (RGF). RGF will be segregated by close ended sub-fund(s) terminating after 10 years from the start of subscription period of sub-fund(s). The sub funds will be offered in tranches, which will be open for a minimum of 1 & maximum of 3 months. Fund provides a minimum pre-specified guaranteed NAV (declared at the launch of sub fund) at the termination of sub fund.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.