|
 |
|
SBI Life Insurance Providing following products: -
Individual products
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Introduction
A unique Unit Linked Pension Plan that will enable you to build a kitty good enough to enable you to spend a peaceful and financially sound Retired life!
Horizon II Pension is a safe and a hassle free way to get high returns! Horizon II Pension comes with the unique feature of Automatic Asset Allocation by means of which you truly, don't need to be an expert to grow your money!
Key Features:
• Horizon II Pension is the most simple unit linked pension plan; all you need to do is:
a) Choose your retirement date, the plan option and the regular premium amount.
b) Based on the plan option and the term opted, SBI Life will invest your money in three different funds viz., Equity Pension Fund, Bond Pension Fund and Money Market Pension Fund.
c) The funds are invested keeping in mind the term opted for and your money is invested in safer funds as your policy approaches maturity.
• Available with two options:
a) Pure Pension
b) Pension cum Life Cover
• No medical required to enroll for Pure Pension
• Save tax u/s 80 CCC (1) of IT Act.
• Facility of top up available to boost your retirement kitty anytime during the policy term.
• No premium allocation charges from year 11 onwards.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Introduction
We at SBI Life understand the basic needs for pension plan and give you financial strength to maintain your life style even after the retirement. Unit Plus II Pension plan makes sure that you have regular income after you retire and also helps you to maintain your standard of living.
This is a unit linked pension plan wherein the policyholder chooses an investment period from 5 to 52 years for a vesting age between 50 to 70 years. You can choose to pay either single premium or pay regular premium for the entire policy term. Your contributions are invested into 4 fund options as per your choice.
Key Features:
• Choice to invest & control four different funds as per your risk appetite.
• Flexibility to choose between two options
a) Pure Pension
b) Pension cum Life Cover
• No medical required for Pure Pension, automatic acceptance facility.
• Save tax u/s 80 CCC (1) of IT Act.
• Flexibility to increase regular contribution.
• Top up payments: any amount, anytime.
• Customize your plan by adding riders.
Unit Plus-II
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
It may be difficult to understand all your needs but as your preferred life insurance company, SBI Life definitely understands all your financial& insurance needs. Unit Plus II Plans are an attempt to meet all your financial & insurance needs through a single non participating product. You can use it the way you like. What's more you get market-linked returns, which in the long term has always proved to give better returns than traditional savings products.
SBI Life Unit Plus II Plans: 2 plans depending on your premium mode:
• Single Premium Mode
• Unit plus II-Single More Details
SBI Life, as your preferred life insurance company definitely understands all your financial & insurance needs. Unit Plus II-Single is a plan where you invest as single premium and reap its benefits for whole life or for a limited term as per your requirement. What's more you get market-linked returns, which in the long term has always proved to give better returns than traditional savings products. It comes with attractive features that allow you to enjoy Insurance cover and Investment like never before.
Some of the Key features are:
• Unmatched Flexibility to match your changing requirement
• Choice of 4 investment funds: you can change the allocation percentage when you want, 4 switches free per annum
• Choice of term : Limited term or whole life
• Tax benefit as per section 80C and 10(10D) of Income Tax Act.
• Attractive riders available
Regular Premium Mode
Unit Plus II Regular More Details
SBI Life Unit Plus II Regular has been designed to provide you with maximum flexibility, so that you do not have to worry about your changing needs. You have to choose the investment funds you want to invest. It comes with attractive features that allow you to enjoy Insurance cover and Investment like never before.
Some of the Key features are:
• Guaranteed Additions by way of free allocation of Units
• Unmatched Flexibility to match your changing requirement
• Choice of 4 investment funds
• Flexibility to change the risk return profile of your future investment
• Flexibility to switch percentage of your existing fund between other funds and adjust your investment portfolio.
• Choice of term : Limited term or whole life
• Tax benefit as per section 80C and 10(10D) of Income Tax Act.
• Attractive riders available
Horizon-II More Details
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Introuction
SBI Life´s HORIZON II is a unique, non-participating Unit Linked Insurance Plan in Indian Insurance Industry, where you need not to be a financial market expert. This plan offers the flexibility of Unit Linked Plan along with Automatic Asset Allocation, which provides relatively higher returns on your money where as increasing death benefits provides higher security to your family.
Unique Features:
• Automatic Asset Allocation: HORIZON II comes with the unique feature of Automatic Asset Allocation by means of which you truly, don't need to be an expert to grow your money! HORIZON II as a concept is formulated in association with our partner Cardif SA of France who has rich expertise in the arena of Unit Linked Plans. This expertise has been customized for India to make sure that you get the maximum from your investments. HORIZON II is a non-participating plan.
• Increasing Death Benefit: For all in-force policies, in case of death after completion of age 7 your nominee will receive Fund Value + Sum Assured otherwise Fund Value is payable.
Key Features:
• Twin benefit of insurance cover and market-linked returns
• Hassle-free investment management of funds from inception to maturity
• Automatic Asset Allocation of funds
• Automatic rebalancing of funds at yearly intervals, free of cost
• Higher protection, to meet your family financial needs.
• Automatic cover continuance
• Facility to top up your investment kitty
• Liquidity option after 3 years
• Tax benefit as per section 80C and 10(10D) of Income Tax Act
LifeLong Pension
Enjoy financial independence when you retire
Life expectancy is improving rapidly. People live longer. You cannot work throughout your life. You will have to retire from work. In the post retirement period you have lot of time for yourself. You would like to do things you have not done while you were working
You need to have a comprehensive plan to meet our post retirement financial needs ensuring complete peace of mind.
To make your post retirement years truly golden, we at SBI Life introduce Lifelong Pensions a unique Pension plan for your retirement days.
Advantages of the plan:
• A maximum of Rs. 1,00,000 p.a. paid as a contribution on a pension plan is fully deductible from the taxable income (within the max. ceiling Rs. 1 lakh )
• Minimum Guaranteed returns of 4% p.a. (compounded annually) on your Personal Pension Account (till 31st March 2010) + Vested bonus.
• It helps you to accumulate enough savings to meet the old age needs and look for a reliable and enduring pension payment.
• It is an extremely flexible plan:
a) Choice of the contribution amount you want depending on your premium paying capacity
b) You may exercise the Top-up facility whenever by paying additional amount to increase your retirement kitty, irrespective of contribution payment mode.
Convenient Contribution payment mode monthly, quarterly, half-yearly, yearly and Single contribution is also available.
c) Choice of the choosing your own retirement age.
d) Postponing/ Preponing to a convenient date, the decision for receiving the Pension Benefits.
e) Contribution holiday available from year 4 onwards
f) The total/balance amount (after withdrawal from PPA, if any) can be utilized in seeking immediate annuity
g) Free to chose annuity from either SBI Life or other insurance companies
h) At Vesting Age you have multiple choices of Pension/ Annuity options including Joint Life Time Annuity.
|
|
|
 |
 Top Providers |
 |
ICICI Prudential Life |
|
SBI Life Insurance |
|
Life Insurance Corp. |
|
Bajaj Allianz Insurance |
|
United India Insurance |
|
|
| |
|
|
|
