ULIP Scheme >> SBI Life - Horizon™ III


Introduction

SBI Life � Horizon III, is a dynamic and attractive non participating Unit Linked Insurance Plan. With Horizon III, we give you a hassle free way to get market linked returns through the unique feature of Automatic Asset Allocation, so you truly don�t need to be an expert to grow your money! Should you be keen on managing your money actively, we also give you the freedom to take charge of your investments.

Features of SBI Life � Horizon III :

Hassle free investment management by way of Automatic Asset Allocation where SBI Life through its proven investment expertise manages your investments on your behalf.

If you believe in managing your Investments actively, you can choose between 4 diverse fund options at your disposal.

You can also enjoy the best of both worlds, through a combination of Automatic Asset Allocation and Active Fund Management option.

No Premium Allocation Charge from 6th year onwards, thereby enhancing your fund value.

Twin Benefit of Market linked returns and insurance cover.

Flexible product with an option to increase/decrease your premium and Sum Assured from 4th year onwards

Option to boost your investments through Top-ups.

 Switch facility and redirection facility to give you the power for active management of your investments

Option to customize the product with a wide range of riders - Criti Care 13 Rider (UIN: 111A018V01), Accidental Death Benefit Linked Rider (UIN: 111A019V01), Premium Payor Waiver Benefit Rider (UIN: 111A017V01) and Income Sustainer Rider (UIN: 111A020V01).

Benefits:

Death Benefit:- Higher of the Fund Value or Sum Assured is payable. However for minor lives the risk commences from 7 years of age last birthday and on death before attainment of 7 years of age the fund value is payable.

Maturity Benefit:- On survival of the life assured, the Fund value shall be paid. You have the option of taking the Fund Value as a Lump Sum or through the Settlement Option.

Rider Benefits:

Criti Care 13 Rider: Provides lump sum amount to take care of 13 Critical Illnesses which include Cancer, Coronary Artery Bypass Graft Surgery, Heart Attack, Heart Valve Surgery, Kidney Failure, Major Burns, Major Organ Transplant, Paralysis, Stroke, Surgery of Aorta, Coma, Motor Neurone Disease and Multiple Sclerosis.

Accidental Death Benefit Linked Rider: Provides additional death benefit if the death occurs as a result of an accident.

Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.

Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.




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