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Investment Plans 8217 views March 21, 2020
SBI Life- Smart Privilege is a non-participating unit-linked insurance plan that is specifically designed for HNI’s that along with providing coverage during eventualities also offers eleven variety of fund options and opportunities for wealth creation depending on the risk-taking ability and long-term goal of the investors along with advantages of switching and premium redirection.
Table of Contents
Single premium- Minimum is Rs.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 any time during the term of the policy.
Following amount will be paid on surrender under the following two situations:
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.