Equity market can go up and down, but with a plan launched by SBI Life Insurance, you now have a protecting shield that will safeguard your investments, while providing upside prospective. SBI Life Insurance has launched  ’Smart Performer’, a unique Unit Linked, Non Participating insurance product that offers the double benefits of ’Higher than the Highest’ of the daily NAV Guarantee and the view of market upside. What’s more, it also allows you to protect your gains through Automatic Rebalancing facility and offers you a choice of Single and Limited Premium Payment options.

Key Features:

- Guarantee at maturity based on ’5% Higher than Highest Guaranteed NAV’ during the first 7 years or prevailing NAV at Maturity, whichever is higher, subject to conditions.

- Enjoy the best of both worlds – Guarantee only or Guarantee and Market Upside during our unique Plan offerings – ‘Secure Plan’ and ‘Secure N Grow Plan’ respectively

- ‘Automatic Rebalancing’ to Lock-in your gains
- Convenience through single premium (SP) or Five year Premium Paying Term (PPT)
- Life Insurance coverage with minimum Sum Assured of 10 times or 7 times of your Annualized Premium (AP), based on your age.

- Liquidity through Partial Withdrawal(s)

- Option to modify the product with Accidental Death Benefit

- Attractive Tax benefits under the Income Tax Act, 1961, subject to conditions

Product Snapshot

• All the references to age are age as on last birthday.

Benefits:

Maturity Benefit: On completion of Policy Term, Maturity Value will be paid.
Maturity value for the every day Protect Fund will be calculated based on NAV which is higher of:

• Prevailing NAV as on date of Maturity OR

- Higher than Highest Guaranteed NAV: There will be an increment of 5(% to the Highest NAV achieved throughout the first 7 years under the ‘Daily Protect Fund’.

- Death Benefit: Higher of the Fund Value or Sum Assured^## is payable; subject to a minimum of 105(%) Per cent of the total premiums paid^## at the time of death. The death benefit is payable only for inforce policies.

• Accidental Death Benefit Option: Accidental Death Benefit: Provides extra death benefit if the death occurs as a result of an accident.

^# The Guaranteed NAV is applicable only in respect of the Daily Protect Fund and shall be obtainable only at maturity, and shall be further subject to the Policy being in force till the maturity date. Guarantee charge of 0.50% p.a. of Daily Protect Fund value, would be recovered from the fund (through cancellation of units) to provide the NAV guarantee.

^## Net of partial withdrawals

^**Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.

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Tags: SBI Life Insurance, SBI Smart Performer, Smart Performer