Introduction:
It may be difficult to understand all
your needs but as your preferred life
insurance company, SBI Life definitely
understands all your financial & insurance
needs. Unit Plus II Plans are an attempt
to meet all your financial & insurance
needs through a single non participating
product. You can use it the way you like.
Whats more you get market linked
returns which in the long term has always
proved to give better returns than traditional
savings products.
Key Features:
Unmatched Flexibility to match your changing
requirement
Choice of 4 investment funds: you can
change the allocation percentage when
you want, 4 switches free per annum
Choice of term : Limited term or whole
life
Attractive riders available
Product
type:
This is a non-participating individual
unit linked product.
How does it work?
SBI Life Unit Plus II Plans: 2 plans depending
on your premium mode: Single
Premium Mode : Unit Plus II Single (UIN
No: 111L029V01)
Regular Premium Mode : Unit Plus II Regular
(UIN No: 111L028V01)
Decide Your Investment
Amount :
Frequency Minimum
Premium Maximum
Premium Single
Rs.
40, 000 No
Limit Regular
Rs. 24, 000 p.a. No
Limit
Choose Your Life Cover:It depends upon
the total amount you have decided to invest.
Single Premium Minimum
Sum Assured Maximum
Sum Assured
Single 125
% of single premium amount
625 % of single premium amount
Benefits
Maturity Benefit: At maturity, the Fund
Value as on that date is paid in full.
Death Benefit: In the unfortunate event
of the death Before
or the age 7 years: Fund Value is payable
to the nominee.
After attaining age 7 and before 65th
birthday, the beneficiary will receive
higher of Fund
Value or Sum Assured less Partial Withdrawals
within the last 12 calender months.
If death occurs after age 65, the beneficiary
will receive the higher of the Fund Value
or Sum Assured less all the Partial Withdrawals
made in the last 12 calender months before
attaining the age of 65+all withdrawals
made after attaining the age of 65 will
be set off against the Sum Assured excluding
partial withdrawals from Top Up Amount.
Tax Benefits
Tax benefit as per section 80C and 10(10D)
of Income Tax Act.
Who can buy this product?
If you are in good health and in the age
group of 0 to 65 you can opt for these
plans.
Riders available
Accidental Death and total permanent disability
rider
Critical Illness Rider
Four Funds for investments
Equity Fund:
Bond Fund:
Growth Fund:
Balanced Fund:
For more details on risk factors, terms
and conditions please read the sales brochure
carefully before concluding a sale.