sbi life smart ulip seriesii

SBILA/30/12/09/PRP/32,Version 1.1R


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90898887868584838281

919293949596979899100

10987654321

11121314151617181920

30292827262524232221

31323334353637383940

50494847464544434241

51525354555657585960

70696867666564636261

71727374757677787980

90898887868584838281

919293949596979899100

Choosing where to invest nowadays is like playing a game of

Many Snakes & Few Ladders…..


10987654321

11121314151617181920

30292827262524232221

31323334353637383940

50494847464544434241

51525354555657585960

70696867666564636261

71727374757677787980

90898887868584838281

919293949596979899100

10987654321

11121314151617181920

30292827262524232221

31323334353637383940

50494847464544434241

51525354555657585960

70696867666564636261

71727374757677787980

90898887868584838281

919293949596979899100

We bring you now a game of No Snakes and Only Ladders…


Introducing – Smart ULIP Series II


Provides Returns when market is up – And Protection when market is down!


Product Snapshot


Subscription period of 1 year

Fixed date of maturity – All policies issued will have the same maturity date, irrespective of policy issuance.

(10 year term for policy issued on 1st day and 9 years for policy issued on the last day of subscription term).

Limited Premium Payment term – 3 or 5 years.

Guaranteed returns – highest NAV within 7 years of launch tracked and guaranteed on maturity.


Basic Plan Limits

Min/Max Age at Entry

8/60 years last birthday

Max Age at Maturity

70 years last birthday

Policy Term 10 yrs from launch

Premium Paying Term

3 or 5 yrs

Min/Max Sum Assured

Uniform Cover (5 * Annualized Premium)

Premium Paying Modes

Monthly, Quarterly, Half-yearly & Yearly

Min/Max Premium Rs 50,000 p.a./No Limit


NAV

TERM

10

15

20

25

19

21.1

17.6

13.4

9

12

10

21.2

22.323

25.1

21.319.1

15.5

22Pr

emiu

m 1

Prem

ium

2

Prem

ium

3

Subscription Period

01/01/10 01/01/11 01/01/12 01/01/2001/01/17

Year 7 Maturity Date

3 Year PPT

Highest NAV lockedduring first 7 years…

Scenario 1

NAV at Maturity 25.1

NAV you get 25.1

Scenario 2

NAV at Maturity 15.5

NAV you get 21.1

NAV of 21.1Guaranteed at

Maturity


Fund Value = NAV X No of Units- NAV as on date of Maturity OR

- The Guaranteed Maturity NAV (Based on highest of 168 reset dates) whichever is HIGHER

“The guarantee applies only for In force policies And is only available for Maturity benefit”


Sum Assured

TERMPrem

ium

1

Prem

ium

2

Prem

ium

3

01/01/10

01/01/20Maturity

Date

3 Year PPT

Scenario 1

Death Benefit =Sum Assured

Scenario 2

Death Benefit =Fund Value

Fund Value


Fund Value (as on the date of the intimation) OR Sum Assured (net of partial withdrawals)

whichever is HIGHER

Example Scenario 1 Scenario 2

Fund value on DoD*

350000 650000

Sum Assured 500000 500000

Amount payable 500000 650000

*Date of Death


Assets Minimum Maximum Risk Profile

Equity and Equity related instruments

Nil 100% Low to MediumDebt and Money Market

instrumentsNil 100%

*Maturity NAV calculated on this fund

Money Market FundAssets Minimum Maximum Risk Profile

Debt instruments Nil 20%LowMoney Market instruments 80% 100%

Flexi Protect Fund *

FMC – 1.00% p.a.

FMC – 0.25% p.a.

Guarantee Charges are recovered from the fund @ 0.50% p.a.


Partial withdrawal from 5th policy year onwards provided Life Assured is 18 years old

Withdrawal amount can be a minimum of Rs. 2,000, maximum up to 20% of Fund Value.

One partial withdrawal allowed in a policy year

Not more than 5 withdrawals are allowed in the entire policy term


Insurance Cover lapses after Grace Period

Mortality Charges Discontinue while other

charges continue

Guarantee Charges continue to get deducted till

the end of revival period

If Not Revived

Surrender Value Payable atEnd of Revival period or

1st working day of 4th policy year,whichever is later

Year1 Year 2 Year 4

Customer pays first year premium

Customer does not pay 2nd year premium

Revival Period 2 years


Year 1 Year 2 Year 3 Year 4

Customer pays first 3 years premium

Year 6

If policy is not revived, then either SV as

applicable is paid or cover continues till

FV reaches one AP or maturity whichever is

earlier

Revival Period – 2 years

Policy goes into revival mode for 2 years from FUP

Customer Does not Pay 4th Renewal

Automatic Life Cover maintained till the end of revival period

All charges continue to get deducted

Guarantee Charges continue to get deducted till the end of revival period


The policy will acquire a surrender value only after payment of full

premium for the first policy year.Thus, if one full year’s premium is not paid then the premiums are

forfeited

Year Surrender Charges

1 20%

2 12%

3 9%

4 2%

5 onwards NilIt is always better to pay by Annual mode

During 2nd and 3rd policy years: Fund Value is disinvested.

The monetary value less applicable surrender charge, calculated as on

the date of surrender request, is kept aside. This Surrender Value will be paid to the policyholder on the first working day

of 4th policy year

From 4th policy year onwards:

Fund Value less applicable surrender charges, will be paid immediately.


Year Premium Allocation Charges

1 15%

2-3 5%

4-5 5% (Applicable on 5 yr PPT)

Year Surrender Charges

1 20%

2 12%

3 9%

4 2%

5 onwards Nil

Policy Admin. Charges

Rs. 60/- p.m. plus

Rs. 5 p.a. per thousand of SA (Applicable only for first 3 policy Yrs)


Age entry group(age last birth day)

Sum Under Consideration

08 - 35 Rs. 15 Lakhs

36 - 45 Rs. 10 Lakhs

46 - 60Rs. 2.5 Lakhs (premium paid

yearly)


Policy Year 3 Year PPT 5 Year PPT

1 10% 10%

2-3 3% 3%

4-5 N.A. 3%


Features SBI Life Smart ULIPSBI Life Smart ULIP Series

IIChange

Subscription Period

1 year from 2nd March’09 1 year from launch

Fund Flexi Protect Fund Flexi Protect Fund Series IINew Fund with low charges

FMC Flexi Protect Fund: 1.5%

Flexi Protect Fund: 1%Guarantee Charge: 0.50% deducted through cancellation of units

Charges separated for convenience

Highest NAV Rs 15.63(as on 8th Dec’09)New fund. Will start at Rs 10

on launch day

Customers will get more

units

Partial Withdrawal

One partial withdrawal is allowed in a policy year after

5 years

One partial withdrawal is allowed in a policy year

Not more than 5 withdrawals are allowed in the entire policy

term

Easy Liquidity


Thank you!

For More Details :

K.PrakashInsurance AdvisorSai Services9160003221

N.Hari KrishnaAgency Manager9989389716

sbi life smart ulip seriesii

Documents

maturity date

year term

day of subscription

years of launch

policy issuance

fixed date of maturity

limited premium payment

subscription period