SBI Life Insurance Company, the subsidiary of country’s largest
public sector bank has launch many innovative life insurance product,
and one of them is SBI’s Smart Ulip Plan.
Smart Ulip plan not only gives you guaranteed net asset value (NAV)
in the first seven years or at maturity, but also gives you advantage of
participating in the market upside. If there is a sudden death of the
policyholder during the policy term, the nominee receives the sum
assured.
The plan also gives flexibility of a short term premium, that allow
customers to pay premium for limited period of either 3 or 5 years and
avail tax benefits under section 80 C and 10(10 D) of the Income Tax
Act.
The security of a guaranteed NAV with a comparatively shorter premium
paying term will help the customer once again to invest with
confidence.
The introduction of Smart Ulip is a demonstration of SBI Life’s
commitment to a customer-centric approach, by offering life insurance
solutions appropriate to the times, SBI Life Insurance managing director
& CEO U S Roy said.
SBI Life’s Smart Ulip works with Flexi Protect Fund and Money Market Fund.
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