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TwitterSBI Life Insurance Company Launched Smart Ulip plan With NAV Guarantee
Wednesday, August 18, 2010
SBI Life Insurance Company Ltd has been launched SBI Life Smart Ulip plan.Smart ULIP is a hybrid of premium security and guaranteed returns plan.This plan is available for a limited time.
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Assurance. SBI owns 74% of the total capital and BNP Paribas Assurance the remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2000 crore and a paid up capital of Rs 1000 crore.
SBI Life - Smart ULIP is the perfect answer to your needs, and will give you not only guarantee on selected net assets over the first seven years, but also provides the added attraction to participate in the market on its head. This is an investment cum insurance plan for market returns. We manage the investment, giving you maximum room for growth while protecting your investments against adverse market conditions.
The plan also provides a convenient shorter premium paying term allows customers to pay premiums for a limited period of either three or five years, and use the tax benefits u / s 80 C and 10 (10 D) of the income tax law.
This plan is divided into four phases:
Subscription phase: 12 months from start date, during which time the plan is open for subscription (i.e., new policies can be issued during this time).
Premium Payment scene: 3 / 5 years from the start date, during this time of the mower must pay the premium.
NAV-building phase: seven years from launch date.
Accumulation phase: 10 years from release date.
Benifit Of Smart Ulip plan:
- The Smart ULIP product allows NAV guarantee, which is the highest of 168 fortnightly net assets in the first seven years or NAV at maturity, whichever is higher.
- Regarding the unfortunate event of death of the insured during the policy term, the candidate receiving the higher of fund value or sum assured.
- Shorter premium paying term (3 or 5 years).
- Tax on both premiums [U / s 80C] and the maturity amount [U / s 10 (10D)]
- Investments managed by SBI Life - the policyholder does not need to panic in volatile markets
Corporate Address:
SBI Life Insurance Co. Ltd.,
2nd Floor, Turner Morrison Bldg,
G. N. Vaidya Marg,
Fort, Mumbai 400 023.
Call Toll Free :1800-22-9090 or 1800-425-9010
3 comments:
Most of life insurance deals dosn't include plans that allow you to provide for your famely. But few of them life insurance companies go beyond coverage, though, providing you with rates that fit into your budget so that you don’t have to choose between being covered and not.Like med life insurance company in nyc.
As it is a joint venture it has covered 74% of the entire capital and has 14,500 branches across the nation.
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