UNIT LINKED PLANS

SBI Life - Saral Maha Anand (UIN : 111L070V01)

(Product Code : 50)

Brochure | Customized Benefit Illustrator | Email | Ask for a Visit | For NRIs
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Mortality Rates for SBI Life - Saral Maha Anand Introduction Key Features Product Snapshot Benefits Rider Brochures
Introduction:   SBI Life - Saral Maha Anand is a product created just for you, which will pleasantly surprise you with its sheer simplicity and convenience! It is a unit linked non participating Life Insurance Plan, which lets you manage your investments according to your risk appetite, giving you the power to realise market related returns on your policy. You can choose your required Life Insurance cover subject to a minimum and maximum limit.
Key Features:
•	No medical examination, Simple joining process#.
•	Liquidity through Partial Withdrawals.
•	Guaranteed Additions## of up to 30% of one annual premium, for a 20 year policy term, subject to the Policy being in force till the maturity date.
•	Option to avail additional rider benefit under SBI Life - Accidental Death Benefit Linked Rider (UIN: 111A019V01)
•	4 Fund options, to enjoy market related returns as per your risk appetite.
•	Twin Benefit of Market linked returns & insurance cover.
Product Snapshot
Age at Entry ^ Minimum: 18 years      Maximum: 55 years   Max. Age at Maturity 65 years     Policy Term 10 years / 15 years / 20 years Minimum Premium Amounts (x100) Yearly          : Rs. 15,000/- Half-yearly  : Rs. 9,500/- Quarterly     : Rs. 5,500/- Monthly        : Rs. 2,000/- Maximum Premium Amounts (x100) Yearly           : Rs. 29,000/- Half-yearly   : Rs. 14,500/- Quarterly      : Rs. 7,200/- Monthly         : Rs. 2,400/- Premium Modes Yearly / Half-yearly / Quarterly / Monthly*** Sum Assured Minimum: Age below 45 years :    10 × AP Age 45 years or above : 7 × AP Maximum: 20 × AP Partial Withdrawals Upto 15% of Fund Value can be withdrawn each year, from 6th year onwards, subject to conditions. One partial withdrawal is free in a policy year. Tax Benefits** Under Sec. 80C and  Sec. 10(10D) of Income Tax Act,1961
^ All the references to age are age as on last birthday ** Tax benefits are subject to change in tax laws. Please consult your tax advisor for details. *** 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, 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:
	•	Accidental Death Benefit Linked Rider: 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.
Rider Brochures:
•	SBI Life - Accidental Death Benefit Linked Rider
# No medical underwriting if no adverse declaration is made in the proposal form by the policyholder ## For any partial withdrawal done, the guaranteed addition shall be reduced proportionately. * Net of partial withdrawals.
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale