ULIP Scheme >> SBI Life - Unit Plus II Child Plan


Introduction

Life begins afresh when you become a parent. Amidst all the divine happiness, there�s a new sense of responsibility that fills your heart. Like you may not really believe that life�s a rose bed or a tender cushion, but you certainly want it to be for your lovely children. At SBI Life, we understand that. That�s why, we provide you with a unique, flexible and all-encompassing solution through our New and Improved SBI Life � Unit Plus II Child Plan. Our specially crafted Unit Plus II Child Plan is as accommodating as you are to your child.

Features of SBI Life � Unit Plus II Child Plan :

Dual protection for your family, in case you are not around.

In addition, Inbuilt - Accident Cover which includes Accidental Death Benefit and Accidental Total and Permanent Disability (Accidental TPD) Benefit.

Free allocation of units by way of Loyalty Units

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

Enhanced investment opportunity through 8 varied Fund Options including Index Fund & Top 300 Fund.

Twin Benefit of Market linked returns & insurance cover.

Flexible options to meet your changing requirement.

Option to pay Top-up Premium

Liquidity through Partial Withdrawal.

Attractive Tax benefits under the Income Tax Act, 1961, subject to conditions.

Benefits:

Death Benefit:-Sum Assured (net of partial withdrawals) will be paid. Though Inbuilt Waiver Benefit � SBI Life continues to pay your Regular Premium and the Accumulated Fund Value will be paid at Maturity. In case of Accidental Death or Accidental Total and Permanent Disability, additional benefit equal to Basic Sum Assured will be paid.

Maturity Benefit:- On completion of Policy Term, Fund Value will be paid.

 




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