SBI Life Insurance has launched guaranteed ULIP, it guarantees, at inception, a pre-specified NAV applicable at the end of the ten-year term. By opting for Return Guarantee Fund, the policyholder can create long term investment corpus based on minimum pre-determined NAV or prevailing NAV at the maturity, whichever is higher. The fund has a closed sub-fund(s) with subscription open for maximum of three months and fixed termination period of ten years.
Smart Wealth Assure is single premium plan. SBI Life Smart Wealth Assure offers policyholders optional Accidental Death benefit and liquidity through convenient partial withdrawal facility from 6th policy year onwards. It’s available at a minimum amount of Rs.50,000. SBI Life Smart Wealth Assure can be availed from 8 years to a maximum 65 years of age with a policy term of 10 to 30 years. The maturity age is up to 75 years.