At the present scenario the condition of the market is never still, rather always volatile. At this situation such a plan which can save and protect the investment is always wanted. SBI Life Insurance should also enable the policy holder to get the benefits out of the market. The SBI Life-Smart ULIP is a wonderful plan with the mention characteristics. It gives the guarantees on selected NAVs during the initial 7 years and also gives the attraction of participating in the market.
The key features of SBI Life-Smart ULIP are as follows:
- During the initial 7 years guarantee in selected NAVs are provided by this policy.
- This plan is an investment as well as an insurance plan which also gives market connected returns.
- The premium paying terms is shorter and suitable for the policy holder which gives a preference between the two premium terms.
- The guarantee maturity NAV is continued beyond the premium paying terms.
- This policy has an innovative planned investment fund known as ‘Flexi Protect Fund’.
- This is a hassle free plan which manages the investment and gives the maximum opportunity for protecting the against the market situation.
- Attractive Tax benefits under the Income Tax Act, 1961 is also available under this plan.
The benefits of SBI Life-Smart ULIP are as follows:
Maturity benefit
On the end of the term of the policy the fund value will be paid to the policy holder basing on the NAV which is higher of NAV on the date of maturity and the guarantee maturity NAV.
Death benefit
In case if the policy holder dies unexpectedly the nominee will get the higher of fund value or sum assured.
Surrender benefit
The policy will gain a surrender value after payment of minimum 5 year PPT or 3 year PPT.
Possibly Related Posts:
- SBI Life – Flexi Smart Insurance | Features & Benefits
- SBI Life Smart Wealth Assure | ULIP Plan | Key Features & Benefits
- SBI Life Lifelong Pension Plus | Key Features | Benefits
- SBI Life Scholar II | key Features | Benefits
- SBI Life Hospital Cash | Key Features | Eligibility
- SBI Life Group Criti9 | Key Features | Eligibility
- SBI Life Smart Scholar | Key Features | Benefits
- SBI Life Smart Elite | Key Features | Benefits
- SBI Life – Shubh Nivesh | Key Features | Benefits
- SBI Life Saral Shield | Key Features
Tags: insurance plan, SBI Life Insurance, SBI Life Smart ULIP