![]() ![]() ![]() We wish to inform all our policyholders / beneficiaries that in line with the recent changes introduced by IRDAI, the computation of Net Asset Value for Linked funds stands modified. ![]() IRDA/Reg./ dated February 16, 2013, the computation of Net Asset Value for Linked funds stands modified. For further details click here.Īs stipulated by IRDAI in Annexure 2 of its circular F&I-CIR-INV-173-08-2011 dated J& restated in IRDAI (Linked Insurance Products) Regulations, 2013, Ref. You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your Tax advisor for details. Tax benefits are as per Income Tax Laws & are subject to change from time to time. For more information, please request for your policy specific benefit illustration.įor more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. Returns are dependent on a number of factors including future investment performance. These are not guaranteed and they are not higher or lower limits of returns. The bonus rates may be assumed constant during the bonus accrual period, where as actual bonus could vary, depending on the investment experience of the Company. respectively, are only illustrative scenarios at these rates after considering all applicable charges. Please note that the above mentioned assumed rates of returns and p. **Benefits are for illustrative purposes & for healthy life. No cash bonus(es) shall be payable under your policy during the Auto Cover Period. ![]() The beneficiary can take the entire death benefit as lump sum or in instalments for a period of 5 years.Īn Auto cover period is available under the product during which if atleast first 2 full years’ premiums have been paid and any subsequent premium is not duly paid, Auto Cover Period of 1 year from the due date of first unpaid premium shall be available and if atleast 5 full years’ premiums have been paid and any subsequent premium is not duly paid, Auto Cover Period of 2 years from the due date of first unpaid premium shall be available.ĭuring Auto-Cover Period, Survival and Maturity Benefits as applicable for Paid-up policies are payable.ĭeath Benefit as applicable for in-force policies is payable during the Auto Cover period, with deduction of unpaid and / or balance premium, if applicable. #Annualized premium shall be the premium amount payable in a year chosen by the policyholder, excluding the applicable taxes, underwriting extra premiums and loadings for modal premium, if any. "Sum Assured on Death is 11times of annualized premium Premiums Received / Paid means total of all the premiums received, excluding any extra premium and applicable taxes. From third policy year onwards, the cash bonus (if declared) is payable at the end of every subsequent policy year till the date of termination of the Policy, provided the policy is in force.Ī = Sum Assured on Death" + Accumulated Survival Benefit, if any+Accumulated Deferred Cash Bonuses, if any+ Terminal bonus, if declaredī = Minimum Death Benefit, which is equal to 105% of total premiums received upto the date of death. ^^The Cash Bonus(es) (if declared) for first policy year and Second Policy year shall be payable at the end of Second policy year along with interest. The deferred payouts along with applicable interest can be availed in lumpsum anytime during the remaining policy term. The policyholder may take or may defer these payouts. ^Money On Demand refers to survival benefit payouts available at defined intervals under Flexi Choice option. Gift yourself the delight of cash bonus^^ without the wait.Be confident with Money On Demand^ choice.Enjoy the flexibility of choosing your benefit payouts as per your changing needs.Avail cash bonuses to meet your life goals while protecting your family with life cover. In life, you have your own aspirations while your family has their own needs, with SBI Life - Smart Future Choices, you can now achieve both. An individual, non-linked, participating, life insurance savings product. ![]()
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