UNIT LINKED PLANS

SBI Life - Smart Performer (UIN : 111L068V01)

(Product Code : 44)

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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Mortality Rates for SBI Life - Smart Performer
Introduction Key Features Product Snapshot Benefits
Introduction:   The equity market may have its ups and downs, but you now have a protective shield that will safeguard your investments, while providing upside potential. SBI Life brings you ’Smart Performer’, a Unit Linked, Non Participating insurance product that offers you the twin benefits of ’Higher than the Highest’ of the daily NAV Guarantee and the prospect of market upside. What’s more, it also allows you to protect your gains through Automatic Rebalancing facility and offers you a choice of Single and Limited Premium Payment options.
Key Features:
•	Guarantee at maturity based on ’5% Higher than Highest Guaranteed NAV’ during the first seven years or prevailing NAV at Maturity, whichever is higher, subject to conditions#.
•	Enjoy the best of both worlds -  Guarantee only or Guarantee and Market Upside through our Plan offerings - ‘Secure Plan’ and ‘Secure N Grow Plan’ respectively
•	‘Automatic Rebalancing’ facility to lock-in your gains, available under ‘Secure N Grow Plan’ option
•	Convenience through single premium (SP) or 5 year Premium Paying Term (PPT)
•	Life Insurance coverage with minimum Sum Assured of 10 times or 7 times of your Annualised Premium (AP), based on your age.
•	Liquidity through Partial Withdrawal(s)
•	Option to customize the product with Accidental Death Benefit
Product Snapshot
Age at Entry* Min: 9 years        Max: 65years Age at Maturity Max: 75 years Premium Payment Term SP or 5 years Minimum Limited Premium Amounts (X 100) Minimum Single Premium (X 100) Maximum Limited/Single Premium Amounts Yearly          Rs 50,000 Half-yearly  Rs 44,000 Quarterly     Rs 36,000 Monthly        Rs 20,000 Rs 60,000 No limits Policy Term 10 years from the start of the subscription period. Premium Modes Single / Yearly / Half-yearly / Quarterly / Monthly*** Sum Assured Age/PPT For 5 yr PPT For SP Minimum Maximum Minimum Maximum Below 45 Yrs 10 * AP 20*AP 1.25*SP 5*SP Between  45yrs & 60yrs 7 * AP 20*AP 1.25*SP 5*SP 61 yrs and above 7 * AP 7 * AP 1.25*SP 1.25*SP Plan Options 2 Plan Options: 1. Secure Plan - All your funds would be invested in the Daily Protect Fund 2. Secure N Grow Plan - 80% of your funds would be invested in the Daily Protect Fund and 20% would be invested in the Index Fund
* 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:
•	Maturity Benefit: On completion of Policy Term, Maturity Value will be paid. Maturity value for the Daily Protect Fund will be calculated based on NAV which is higher of:
	•	Prevailing NAV as on date of Maturity  OR
	•	Higher than Highest Guaranteed NAV: There will be an increment of 5% to the Highest NAV achieved during the first seven years under the ‘Daily Protect Fund’.
	•	In addition, if there are any units in the Index Fund, the Fund value of such units, calculated at the Prevailing NAV would also be added, in order to arrive at the Maturity Value
•	Death Benefit: Higher of the Fund Value or Sum Assured## is payable; subject to a minimum of 105% of the total premiums paid## at the time of death. The death benefit is payable only for inforce policies.
•	Accidental Death Benefit Option: Accidental Death Benefit: Provides additional death benefit if the death occurs as a result of an accident.
Tax Benefits
•	Tax deduction under Section 80C 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 exemption under Section 10(10D) is available, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy.
•	Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
Note: Daily Protect Fund - III (SFIN : ULIF020010911DLYPRO3FND111) Index Fund (SFIN : ULIF015070110INDEXULFND111) # The Guaranteed NAV is applicable onlyin respect of the Daily Protect Fund (and the applicable series of the fund) andshall be available only at maturity, and shall be further subject to thePolicy being in force till the maturity date. Guarantee charge of 0.50%p.a. of Daily Protect Fund (applicable series) value, would berecovered from the fund (through cancellation of units) to provide theNAV guarantee. ## Net of partial withdrawals For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.