Smart Wealth Builder - Best Investment Returns SBI Plan

You may have ever changing needs, but as your preferred life insurance company, SBI Life definitely understands all your financial & insurance needs. SBI Life - Smart Wealth Builder, a unit linked, non participating, insurance plan is an attempt to meet all your financial & insurance needs through a single product. You can use it the way you like. You can choose your required life insurance cover subject to a minimum and a maximum level. 

Kindly go through below details with patience:

Plan 1

Premium    : Rs.50,000/- yearly for 5 years

Sum Assured : Rs. 5,00,000/- (Insurance coverage)

Maturity Benefit  : Rs.23,35,000/-

Tax Benefit  : Section 80 C benefit

Tax free Maturity Benefit : Section 10(10D)

(or)
You can take monthly pension life-long self and nominee with capital refund.

Plan 2

Premium    : Rs.1,00,000/- yearly for 5 years

Sum Assured :Rs.10,00,000/-(Insurance covera

ge)

Maturity Benefit  : Rs.46,70,000/-

Tax Benefit  : Section 80 C benefit

Tax free Maturity Benefit : Section 10(10D)

(or)

You can take monthly pension lifelong self and nominee with capital refund.

Age* at Entry	Min: 7 years Max: For Regular Premium & Limited Premium:  60 years For Single Premium:  65 years
Age* at Maturity	70 years
Plan Type	Regular Premium / Limited Premium / Single Premium
Policy Term^	Regular & Limited Premium Payment - 10 years, 15 to 30 years (both inclusive) Single Premium - 5 to 30 years
Premium Payment Term	For LPPT: 5/8 Years for Policy Term of 10 Years. 5/8/10 Years for Policy Term of 15-30 Years (both inclusive) Regular Premium - Same as Policy Term Single Premium - One-time payment at policy inception
Premium Amount (X 100)	Plan Type Premium Frequency Minimum Maximum Regular premium Annual Rs. 30,000 Rs. 3,00,000 Limited premium Annual Rs. 40,000 Single premium Single Rs. 65,000

Premium	Policy Term	Maturity Benefit	Yearly Pension	Monthly Pension
Rs.50,000 yearly (for 5yrs only)	10 years	4.42 lacs	35,240	2,587
	15 years	6.67 lacs	53,400	4,450
	20 years	10.12 lacs	80,920	6,743
	25 years	15.16 lacs	1,21,480	10,106
	30 years	23.35 lacs	1,86,800	15,566
Premium
Rs.1,00,000 yearly (for 5yrs only)	10 years	8.81 lacs	70,480	5,174
	15 years	13.35 lacs	1,06,800	8,900
	20 years	20.23 lacs	1,61,840	13,486
	25 years	30.32 lacs	2,42,560	20,213
	30 years	46.70 lacs	3,73,600	31,133

Unit Linked Insurance Policies

ULIPS abbreviated as Unit Linked Insurance Plans are long-term Investment cum Protection plans purely depend on Market risks. The first ULIP was launched in India in 1971 by Unit Trust of India (UTI). Major guidelines for ULIP issued by Insurance Regulatory and Development Authority (IRDA) in 2005.

1) I would like to invest in ULIPS. Do you guarantee the fixed return interest along with money i invested in funds ?

There is no guarantee fixed returns in all other ULIP funds except in SBI Bond Fund. We assure 10% growth without considering Capital Markets.

Note: The Premium paid in Unit Linked Insurance Policies are subject to investment risks associated with capital markets and NAVs of the units may go Up or Down based on the performance of the fund and factors influencing the capital markets. Policy Holder is responsible for his/her decisions.

2) what are funds available to invest in ULIPS ?

There are 9 Funds :

a) Index fund;  b) Equity fund;  c) SBI Bond fund;  d) Top 300 fund;  d) Money Market fund;  e) Growth fund;  f) Balanced fund;  g) Equity Optimizer fund and  h) P/E Managed fund.

3) What are Premium modes and Minimum Investment in ULIPS ?

Premium Frequency : Single/Yearly;  Minimum Investment is Rs. 24000 in case of Child Education Plan while Rs. 50,000 in case of all other ulip plans.

4) I need security of income for my Child future studies. Do you have any such Plans ?

Yes, we have Child Education Policy also known as Smart Scholar only available in SBI Life.

Entry Age: Child = 0 to 17 Yrs;  Proposer (Father) = 18 to 57 Yrs;  Max Maturity Age = 65 Yrs; Policy Term = 8 to 25 Yrs less child's age at entry; Premium Paying Term (PPT) = Policy Term

For E.g: If Father Age = 35 yrs;  Child Age = 5 yrs; Policy term = 25-5 = 20 yrs;  Premium = Rs. 24000;  then Investment Returns = 10%;  Maturity Benefit = Rs. 1212900; Sum Assured = 240000 (10 times the premium paid)

Advantage: In case of Proposer dies in the middle of the term, SBI Life will pay rest of the Premiums till the end to support Child Education.