SBI Life Smart Wealth Assure is a non-participating Unit Linked Plan which augments savings by participation in capital markets thus creating a sufficient corpus for future requirements
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹ 1 Crore
Invest 10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual Funds*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
8 years |
65 years |
Maturity Age (Last Birthday) |
- |
75 years |
Policy Term (PT) in years |
10 |
30 |
Premium Paying Term (PPT) in years |
Single Pay |
|
Premium Paying Frequency |
Yearly |
|
Yearly Premium |
50,000 |
No limit |
Sum Assured |
Single Pay – 1.25 * Single Premium for ages <45 yrs. & 1.1* Single premium for ages >45 yrs. |
Single Pay – 5 * Single premium for ages<45 yrs. & 3* Single premium for ages >45 yrs |
Illustration for a policy term of 25 years with a premium of Rs.50,000 and SA Rs.62,500
Age |
30 years |
35 years |
40 years |
Fund Value @ 6% |
136,029 |
135,959 |
135,826 |
Fund Value @ 10% |
345,172 |
345,106 |
344,948 |
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.