10. Maturity Benefit NAV 25.1 25 23 22.3 22 21.1 Highest NAV locked during first 7 years… 19.1 20 21.3 21.2 17.6 19 15.5 Scenario 1 Scenario 2 15 13.4 NAV at Maturity 25.1 NAV you get 25.1 12 NAV at Maturity 15.5 NAV you get 21.1 9 10 10 3 Year PPT NAV of 21.1 Guaranteed at Maturity Premium 2 Premium 3 Premium 1 TERM 01/01/10 01/01/11 01/01/17 01/01/12 01/01/20 Maturity Date Year 7 Subscription Period
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12. Death Benefit Scenario 2 Scenario 1 Sum Assured Death Benefit = Fund Value Fund Value Death Benefit = Sum Assured 3 Year PPT Premium 2 Premium 3 Premium 1 TERM 01/01/10 01/01/20 Maturity Date
13. Death Benefit Fund Value (as on the date of the intimation) OR Sum Assured (net of partial withdrawals) whichever is HIGHER *Date of Death
14. Funds Flexi Protect Fund * FMC – 1.00% p.a. *Maturity NAV calculated on this fund Money Market Fund FMC – 0.25% p.a. Guarantee Charges are recovered from the fund @ 0.50% p.a.
15. Liquidity-Partial Withdrawal 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
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19. All charges continue to get deducted
20. Guarantee Charges continue to get deducted till the end of revival periodPolicy goes into revival mode for 2 years from FUP 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 Customer Does not Pay 4th Renewal Customer pays first 3 years premium Revival Period – 2 years Year 1 Year 2 Year 3 Year 4 Year 6
21. Surrender 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. Suggestion! It is always better to pay by Annual mode 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
27. For More Details :K.PrakashInsurance AdvisorSai Services9160003221N.Hari KrishnaAgency Manager9989389716 Thank you!
Hinweis der Redaktion
If the policy has not been revived before the end of the revival period:Either SBI Life pays the surrender value applicable as on date OR,Upon written communication received from the policyholder before the end of the revival period asking for continuance of the policy, the policy will continue with full life cover. However if the Fund Value reaches a minimum of one full year’s premium at any time then the policy will be terminated and fund value will be payable to the policy holder.. There are no extra charges for availing the facility of automatic Life Cover maintenance. No revival will be allowed thereafter. No guarantee would be offered to such policy and hence guarantee charges would not be deducted.