SBI Life – Smart Horizon is a non taking part active Unit Linked Life Insurance Plan of SBI Life Insurance. With SBI Life Smart Horizon Plan, you get a trouble free way to get market linked returns through the unparalleled characteristic of Automatic Asset Allocation, so you truly would not need to be an expert to gain and increase your money. If you are greatly interested on managing your money actively, SBI Life Insurance gives you the freeness to take charge of your investments.

Fundamental characteristics of SBIlife Smart Horizon Plan:

In this Plan you need not give Premium Allocation Charge from 2nd year onwards, thereby enhancing your fund value. You will have a trouble free investment management by way of Automatic Asset Allocation, and also a choice to manage your investments actively by choosing between four distinctly dissimilar or unlike fund options at your control. You can also have benefit from the best of both worlds, by a combination of Automatic Asset Allocation and the Active Fund Management options. You will have Life Insurance coverage, with minimum Sum Assured based on your age. You will have flexible product with an option to increase or decrease your Sum Assured, from 6th year onwards. You will also have change and redirection facilities, to give you the power for active management of your investments. You have the option to customize the product with a wide range of riders like: SBI Life - Criti Care 13 Rider (UIN: 111A018V01), SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V01), SBI Life - Premium Payor Waiver Benefit Rider (UIN: 111A017V01) and SBI Life - Income Sustainer Rider (UIN: 111A020V01). Most of all you will have attractive Tax benefits under the Income Tax Act, 1961, subject to conditions.

Clear Picture of this Product:
Age at Entry = Minimum: 7 years Maximum: 60 years .
Age at Maturity = 70 years.
Policy Term =10 yrs, 15 to 30 years (both inclusive)
Regular Premium Amount (X 100): -
Yearly = Minimum Rs 24,000, Maximum Rs 74,000
Half-yearly = Minimum Rs 15,000, Maximum Rs 37,000
Quarterly = Minimum Rs 8,000, Maximum Rs 18,500
Monthly = Minimum Rs 3,000, Maximum Rs 6,200
Premium Modes = Yearly / Half-yearly / Quarterly / Monthly
Sum Assured: -
Minimum:
For Ages below 45 yrs : Higher of {10 x Annual Premium (AP) or (0.5 x Term x AP)}
For Ages 45yrs & above: Higher of {7 x AP or (0.25 x Term x AP)}
Maximum:
For All Ages - 20 x AP
Note: -
All the references to age are age as on last birthday.
For monthly mode, 3 months premium to be paid in advance and renewal premium payment is allowed only through ECS, Credit card, Direct debit and SI-EFT

Benefits of Sbi Life Smart Horizon Plan:
Maturity Benefit: On completion of Policy Term, Fund Value will be paid.
Death Benefit: Higher of the Fund Value or Sum Assured is payable; with a minimum of 105% of total basic premiums paid till the time of death.
Rider Benefits: -
SBI Life - Criti Care 13 Rider:
Provides lump sum amount to take care of 13 Critical Illnesses, which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis.
Accidental Death Benefit Linked Rider:
Provides additional death benefit if the death occurs as a result of an accident.
Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.
Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.

Rider Brochures:
SBI Life - Criti Care 13 Rider
SBI Life - Accidental Death Benefit Linked Rider
SBI Life – Premium Payor Waiver Benefit Rider
SBI Life – Income Sustainer Rider

Note: -
Tax benefits are subject to change in tax laws. Please consult your Tax advisor for details
Net of partial withdrawals
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.