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UNIT PLUS II; UNIT LINKED POLICY

SBI LIFE INSURANCE
 

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UNIT PLUS 2; SBI LIFE INSURANCE


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. What’s 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.


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