SBI Life-Smart ULIP is an innovative product offered by the bank
with regular and single premium option. It guarantees on your select
NAVs during first seven years or NAV at maturity.
The minimum age is at entry level is 8 years and maximum up to 60 years. And maturity age is up to 70 years. The minimum sum insured is Rs.50,000/ annually and paid by half annually, quarterly and monthly.
The premium paid by the policy holder is invested in money market fund and flexi protect fund which gives higher market returns.
Features and Benefits-
The minimum age is at entry level is 8 years and maximum up to 60 years. And maturity age is up to 70 years. The minimum sum insured is Rs.50,000/ annually and paid by half annually, quarterly and monthly.
The premium paid by the policy holder is invested in money market fund and flexi protect fund which gives higher market returns.
Features and Benefits-
- The guaranteed security of NAV.
- In case of of insured’s death during the policy term, the nominee receives the higher of fund value or sum assured.
- Shorter premium paying term with option to choose between two premium paying term, 3 and 5 years. Term.
- Tax benefit under section 80C and 10(10D) of the income tax act.
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