www.sbilife.co.

in

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
“The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able
to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year”

Why SBI Life - Smart Fortune Builder?

You always aim to progress in life to achieve your personal and financial goals. While you are working to achieve your personal
goals, SBI Life - Smart Fortune Builder will take care of financial protection of your family as well as enhance your wealth creation
opportunity through market linked returns.
• Protection: In case of any eventuality, financial needs of the family will be taken care-of.
• Long Term Wealth Creation: Goal based savings can be done by getting simultaneous benefits of Guaranteed Additions# of
up to 150% of annualized premium and Market Linked Returns.
• Get additional Guaranteed Addition on Maturity$
• No Premium Allocation Charge from 11th year onwards
• Flexibility: The following are available under the product
o Choice of paying premiums regularly or for a limited period or through one-time lumpsum payment
o Choice of 12 fund options and option to 'switch' between these funds.
o Taking death benefit as lumpsum or in periodic installments through ‘Settlement Option’’. During the
settlement period, the investment risk in the investment portfolio is borne by the beneficiary.
• Liquidity: Partial withdrawals from 6th policy year onwards or on attainment of age 18 by the life assured whichever is later.
• Tax Savings*: As per prevailing norms under the Income Tax Act, 1961
#
Guaranteed Additions at pre-specified percentage of Annualized Premium/Single Premium, would be made to the Fund Value at the end of 10th policy year and every
5th year thereafter, subject to policy being in-force as on date of proposed addition. Longer the policy term, higher the guaranteed addition. Maximum 150% of
guaranteed additions available on selecting the policy term of 30 years under regular pay policies.
$
Guaranteed Addition on Maturity at pre-specified percentage (depending on the premium band) of Annualized Premium/Single Premium would be made to the Fund
Value at the end of the Policy Term, subject to policy being in-force as on date of proposed addition.
*Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.

Illustration

Mr. Sanjay has availed SBI Life - Smart Fortune Builder policy. The details are as below:
Plan Type – Regular Pay Policy Term – 30 years
Age – 35 years
Frequency - Yearly Premium Payment Term (PPT) – 30 years

Annualized Premium – `50,000 p.a. Sum Assured – `5,00,000 Fund – 100% Bluechip Fund

1. Maturity Benefit (Lumpsum): On the maturity date, Sanjay’s maturity benefit, based on the assumed investment returns, is given
below:
Fund Value^^ at Maturity
at assumed rate of:
Annualized Premium of `50,000 for 30 Years
4%: `21,73,761
8%: `42,93,472

PY 0 PY 30

2. Death Benefit (Lumpsum): In case of Sanjay’s unfortunate death at the end of 20 policy year, the death benefit, based on the
th

assumed investment returns, is given below:

Death Benefit at
assumed rate^^ of:
Annualized Premium of `50,000 for 20 Years 4%: `12,46,052
8%: `19,28,885

PY 0 PY 20 PY 30
^^ Figures are for illustrative purposes & for healthy life. Please note that the above mentioned assumed rates of returns @4% and @8% p. a., are only illustrative
scenarios, after considering all applicable charges. These are not guaranteed and they are not higher or lower limits of returns. Unit Linked Life Insurance products are
subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their
future prospects or returns. For more information, please request for your policy specific benefit illustration.

Smart
Insurance Plans With Fortune Builder Apne liye. Apno ke liye.
Wealth Creation UIN: 111L142V01
 Plan Details

Age1 at Entry Minimum: 2 years$$ Maximum: 55 years

Age1 at Maturity Minimum: 18 years Maximum: 70 years

Plan Type Regular Pay/ Limited Pay / Single Pay

Plan Type Policy Term (Years) Premium Payment Term
(Years)

Regular Pay 15 to 30 (both inclusive) Same as policy term

Premium Payment Term (PPT)
and Corresponding 15 to 30 (both inclusive) 7 / 10 / 12
Policy Term (PT) Limited Pay
20 to 30 (both inclusive) 15

5 to 30 years (both One-time payment at

Single Pay
inclusive) policy inception

Plan Type Minimum (`) Maximum (`)

Premium Amount Regular Pay `40,000 p.a

`2,50,000; Subject to Board
Limited Pay `50,000 p.a Approved Underwriting Policy
Single Pay `65,000

Premium Frequency Single/Yearly

Plan Type
Sum Assured Regular Pay & Limited Pay 10 × Annualized Premium2
Single Pay 1.25 × Single Premium3
1
All the references to age are age as on last birthday.
2
Where Annualized Premium is the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any.
3
Single Premium means the premium amount payable in lump sum at policy inception excluding taxes, rider premiums and underwriting extra premium on riders, if any.
$$
In case of minor lives, policy term should be appropriately chosen so as to ensure that at the time of maturity, life assured should be a major. In case of minor lives, date
of commencement of policy and date of commencement of risk shall be same.
Various charges such as ‘Premium Allocation Charges’, ‘Policy Administration Charges’, ‘Fund Management Charges’ etc are deducted. All the charges except Premium
Allocation Charges and Mortality Charges are subject to revision as per the prevalent Regulations.
For the complete list of charges and their workings, please refer the Sales Brochure.

Prohibition of Rebates
Section 41 of Insurance Act 1938, as amended from time to time, states:
a) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or
continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the
commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or
continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectus or
tables of the insurer.
b) Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten
lakh rupees.

Toll-free No.: 1800 267 9090 | SMS ‘LIBERATE’ to 56161 | Email: info@sbilife.co.in | Web: www.sbilife.co.in
(Customer Service Timing: 24X7)
SBI Life - Smart Fortune Builder is an Individual, Unit-linked, Non-Participating, Life Insurance, Savings Product.
SBI Life Insurance Company Limited and SBI are separate legal entities.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls
are requested to lodge a police complaint.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to market risks. The premium paid in Unit Linked Insurance policies are
subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market
and the policyholder/ insured is responsible for his/her decisions. SBI Life Insurance Company is only the name of the insurance company and SBI Life – Smart Fortune Builder is only
the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and
the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and
do not in any way indicate the quality of these plans, their future prospects or returns. Past performance of the Funds is not indicative of future performance. All benefits payable
under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details. For more details on risk factors, terms and
conditions please read sales brochure carefully before concluding a sale. Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license. SBI Life
Insurance Company Limited. Registered and Corporate Office: Natraj, M V Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069. | IRDAI Regn. No.111. |
CIN L99999MH2000PLC129113 3M/ver1/08/24/SP/ENG