SBI Life Saral Maha Anand Plan

Key Features

• It is a unit linked plan with regular premium payment option which can be availed easily without any medical examinations
• There is a feature of Guaranteed Additions of up to 30% of Annual Premium

The following 3 funds are available for investment:

• Equity Fund
• Balanced Fund
• Bond Fund

Benefits

• The insured will get the total Fund Value on Maturity
• On death, higher of the basic SA net of any partial withdrawals already made from the Fund Value or Fund Value or 105% of the premiums paid till death is paid to the nominee
• The policyholder can choose to receive the Maturity Benefit in instalments after the policy term in 5 years. This is called the Settlement Option.
• Guaranteed Additions are paid from the end of the 10^th policy year @ 5% and increase every 5 years by 5%
• Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

Latest ULIP NAVs

• SBI Life ULIP Funds
• Bandhan Life ULIP Funds
• Aviva Life ULIP Funds
• Bajaj Life ULIP Funds
• Bharti AXA Life ULIP Funds
• Aditya Birla Sun Life ULIP Funds
• Canara HSBC Life ULIP Funds
• Edelweiss Tokio Life ULIP Funds
• Future Generali India Life ULIP Funds
• HDFC Life ULIP Funds
• ICICI Prudential Life ULIP Funds
• Exide Life ULIP Funds
• Kotak Life ULIP Funds
• Axis Max Life ULIP Funds
• PNB MetLife ULIP Funds
• Reliance Nippon Life ULIP Funds
• Pramerica Life ULIP Funds
• IndiaFirst Life ULIP Funds
• Ageas Federal Life ULIP Funds
• Star Union Dai-ichi Life ULIP Funds
• Tata AIA Life ULIP Funds

Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
SBI Life Balanced Fund	₹69.13	₹21160 Cr	7.32%	9.38%	View More
SBI Life Bond Fund	₹50.28	₹16781 Cr	5.44%	6.72%	View More
SBI Life Equity Fund	₹179.55	₹81025 Cr	9.11%	10.96%	View More
SBI Life Equity Optimiser Fund	₹50.13	₹2622 Cr	9.73%	10.84%	View More
SBI Life Growth Fund	₹87.68	₹2913 Cr	8.58%	10.67%	View More
SBI Life Money Market Fund	₹36.68	₹444 Cr	5.76%	6%	View More
SBI Life Top 300 Fund	₹52.61	₹1981 Cr	9.18%	11.66%	View More
SBI Life Pure Fund	₹24.33	₹1150 Cr	8.4%	-	View More
SBI Life Bond Optimiser Fund	₹21.91	₹3238 Cr	7.03%	-	View More
SBI Life Balanced Pension	₹69.63	₹805 Cr	7.98%	10.26%	View More
SBI Life Bond Pension	₹44.7	₹530 Cr	5.32%	6.99%	View More
SBI Life Equity Pension	₹67.78	₹11842 Cr	10.16%	11.82%	View More
SBI Life Growth Pension	₹68.71	₹632 Cr	9.24%	11.18%	View More
SBI Life Money Market Pension	₹33.9	₹142 Cr	5.71%	5.98%	View More
SBI Life Equity Optimiser Pension	₹53.7	₹976 Cr	9.64%	11.67%	View More
SBI Life Top 300 Pension	₹51.11	₹710 Cr	9.22%	11.73%	View More
SBI Life Midcap Fund	₹43.85	₹55035 Cr	16.62%	-	View More
SBI Life Corporate Bond Fund	₹16.37	₹1025 Cr	5.47%	-	View More
SBI Life Equity Elite II	₹47.44	₹12182 Cr	8.64%	10.63%	View More
SBI Life Index	₹43.37	₹102 Cr	9.53%	11.15%	View More
SBI Life Index Pension	₹45.27	₹27 Cr	9.65%	11.19%	View More
SBI Life Discontinued Policy Fund	₹25.38	₹10703 Cr	5.67%	6.03%	View More
SBI Life Equity Elite	₹80.84	₹13 Cr	11.61%	13.48%	View More
SBI Life P-E Managed	₹35.93	₹215 Cr	8.16%	9.39%	View More
SBI Life Guaranteed Pension GPF070211	₹26.42	₹2 Cr	5.12%	6.55%	View More
SBI Life Bond Pension II	₹23.32	₹29088 Cr	5.21%	6.36%	View More
SBI Life Equity Pension II	₹37.9	₹12141 Cr	9.19%	11.42%	View More
SBI Life Money Market Pension II	₹20.71	₹1532 Cr	5.48%	5.73%	View More
SBI Life Discontinue Pension Fund	₹21.43	₹6775 Cr	5.67%	-	View More
SBI Life Group Growth Plus Fund	₹54.28	₹3 Cr	7.72%	-	View More
SBI Life Group Debt Plus Fund	₹39.74	₹113 Cr	6.19%	-	View More
SBI Life Group Balance Plus Fund	₹46.99	₹11 Cr	7.01%	-	View More
SBI Life Group Balance Plus Fund II	₹25.75	₹869 Cr	6.98%	-	View More
SBI Life Group Debt Plus Fund II	₹25.81	₹281 Cr	6.3%	-	View More
SBI Life Group Growth Plus Fund II	₹25.48	₹237 Cr	7.95%	-	View More
SBI Life Group Short Term Plus Fund II	₹21.46	₹19 Cr	5.94%	-	View More
SBI Life Group Money Market Plus Fund	₹12.47	₹2 Cr	0.99%	-	View More

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Details About Premium

Illustration for a policy term of 15 years

Policy Details

Grace Period: 30 days grace period is allowed for payment of premium

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth, which makes long-term planning important when evaluating surrender decisions, as Financial goals influence which SIP is best for each investor. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the SBI life insurance policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

• One free partial withdrawal is allowed from the 6^th  year which should be a minimum of Rs.2000 and maximum of 15% of the Fund Value as on the date of withdrawal
• Premium redirection is available from the 2^nd policy year
• 2 free switches are allowed per policy year

Additional Features or Riders

• No Premium Allocation Charges from the 11^th policy year
• Accident Death Benefit Linked Rider is available under the plan

Exclusions

• The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.