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Investment Plans 12644 views March 21, 2020
SBI Life- Smart Privilege is a non-participating unit-linked insurance plan specifically designed for HNIs along with providing coverage during eventualities and offering eleven variety of fund options and opportunities for wealth creation depending on the risk-taking ability and long-term goal of the investors. The plan also comes with advantages of switching and premium redirection.
Table of Contents
Single premium- Minimum – INR 6,00,000 and Maximum- There is no limit
Risk involved: High
The risk involved: High
Surrender of SBI Life– Smart Privilege: Surrender of SBI Life- Smart Privilege policy can be made anytime during the policy term. Based on when you surrender the policy, the transfer of fund value will differ. Check below the effect of policy surrender on fund value transfer.
Fund value, on the date of intimation of suicide committed by the insured within 1 year of policy purchase or revival, is paid to the nominee. No other benefits will remain anymore.
SBI Life- Smart Privilege plan is, therefore, the perfect SBI ULIP plan that can take care of your wealth expansion through the investment of premiums in its huge variety of fund options, at the same time secure your family’s unforeseen financial needs through life coverage and also makes provision for your liquidity requirements through withdrawal benefits.