Analyse your Insurance and Investment needs

Understand the product in detail

Know the tenure of Renewal Premium payments
BEFORE YOU COMMIT YOUR HARD-EARNED MONEY
Smart Present,Smarter Future
2
*SBILife-RetireSmart willbereferredtoasRetireSmart hereafter
INTHISPOLICY,THEINVESTMENTRISKININVESTMENTPORTFOLIOISBORNEBYTHEPOLICYHOLDER
TheLinkedInsuranceproductsdonotofferanyliquidityduringthefirstfiveyearsofthecontract.Thepolicyholderswillnotbe
abletosurrender/withdrawthemoniesinvestedinLinkedInsuranceProductscompletelyorpartiallytilltheendoffifthyear
ThisisaPensionProduct.Benefitsbywayofsurrender,completewithdrawalormaturity/vestingwillbeavailableintheform
ofannuitiesexcepttotheextentofcommutationofsuchbenefitsasallowedundertheIncomeTaxRules.
Duetohigherdisposableincomesandbreakthroughinmedicalsciences,longevityhasincreasedtoagreatextent.Weareallliving
longerafterretirement.
Retirementmaysounddistanttoyouatthemoment.However,itcouldspanaslongasone-fourthofourlifetimeandisever
increasing;andnotmanyofushavereallynoticedoreventhoughtaboutthat.
Manypeopleunderestimatehowmuchtheyneedtosaveforretirement,becausethey:-
Misjudgetheirpost-retirementneeds
Overestimatetheirabilitytoworkafterretirement
Substantiallyunderestimatetheirlifeexpectancies
Thus,forcreatingaretirementcorpussystematic&disciplinedinvestmentisrequiredduringonesearningyears.Investingnowis
thebestwaytoensurethatyouhaveadequateincomeinyourretirementyears.
Retirementisthebeginningofyournewfabulouslife.Youwillbeworkinghardformanyyears,andthenitwillbethetimetoenjoy
yourgoldenyears.WepresenttoyouSBILife-RetireSmart*-aretirementplanthathelpsyoutosavesystematicallyandtobuild
yourretirementcorpus.
Itisanon-participatingunitlinkedpurepensionplan,whichguarantees101%ofallpremiumspaidbyyouonmaturity/vesting.Thus
thedownsideriskinthemarketisprotectedtoagreatextent.
#
YourFundValueisboosted,throughguaranteedadditionsofup-to210%ofAnnualPremium
GuaranteedAdditionsarepaidregularlyforthepolicyterm15yearsormore,startingfromtheendof15thpolicyyearandat
theendofeveryyearthereaftertilltheendofpolicyterm
GetTerminalAdditionsof1.5%ofFundValue,atmaturity/vestingoronearlierdeath
Noneedtoworryaboutyourinvestments,asthesameismanagedonyourbehalfbySBILifethroughAdvantagePlan
AdvantagePlan guaranteesaminimumof101%ofallpremiumspaidatmaturity/vesting
Guaranteesaminimumof105%ofallpremiumspaidonearlierdeath
Optiontopaypremiumsregularlyorforalimitedperiod
Flexibilitytopostponeyourvestingage
Taxbenefitsavailable,aspertheprevailingtaxlaws
#

KeyBenefitsofRetireSmart(UIN:111L094V01)
Thisisapplicableforpolicytermof35years.ForfurtherinformationpleaserefertosectiononGuaranteedAdditions
3
#
Agementionedinthisdocumentisageasonlastbirthday
Howdoestheplanwork?
EligibilityCriteria
Thisisaunitlinkedpensionplan,whichtakescareofyourfundaccumulations;atmaturity/vesting,youhavetheoptionto:-
PurchaseanImmediateAnnuityPlanor
InvesttheproceedsinaSinglePremiumDeferredPensionPlanor
Deferthevestingifyouarebelow55yearsofageatthetimeofvesting
TheAnnuitywillhavetobepurchasedfromSBILifeandwillbebasedontheratesavailableatthetimeofpurchaseofannuity.
ThepremiumspaidbyyounetofPremiumAllocationCharges,areinvestedintheAdvantagePlan.TheAdvantagePlanfollowsthe
timetomaturityconcept,whereinequityallocationsreducewiththetimeleftformaturity/vesting.
TheFundValueisthetotalvalueofunitsthatyouholdacrossalltheunit-linkedfunds.
ThepolicyprovidesaGuarantee,whichisequalto101%oftotalpremiumspaid,tobepayableonmaturity/vestingor105%oftotal
premiumspaidonearlierdeath.TheGuaranteeisprovidedonlyforin-forcepoliciesincludingfullypaid-uppolicies.
#
AgeatEntry: 30yearsto70years
#
AgeatMaturity/Vesting: 40yearsto80years
PlanType: RegularPremium/LimitedPremium
PolicyTerm(PT): 10,15to35years(bothinclusive)
PremiumFrequency: Yearly/Half-yearly/Quarterly/Monthly
Formonthlymode,3monthspremiumtobepaidinadvanceandrenewalpremiumpaymentisallowedonly
thoughECS,CreditCard,DirectdebitandSI-EFT.
PremiumPayingTerm(PPT): ForRegularPremium SameasPolicyTerm
ForLimitedPremiumPaymentTerm(LPPT)
PremiumRange ForRegularPremium
(inmultiplesof ` 100):
ForLPPT
Minimum(in`)
24,000
15,000
7,500
2,500
PremiumFrequency
Yearly
Half-yearly
Quarterly
Monthly
Maximum(in) `
Nolimit
PremiumFrequency
Half-yearly
Quarterly
Monthly
Yearly
Minimum(in)
20,000
10,000
5,000
`
40,000
Maximum(in) `
Nolimit
PolicyTerm(inyears)
10
15to35(bothinclusive)
PPT(inyears)
5/8
5/8/10/15
4
PlanDetails
FundDetails
Yourpremium(s)areinvestedinthebelowmentionedAdvantagePlan.
AdvantagePlan:
AdvantagePlanreallocatestheassetsbetweenequity,debtandmoneymarket,dependingonthetimeremainingtomaturityofthe
policy.Duetothisstrategy,fundsflowfromriskierassets(equity)tolessriskyassets(debt&moneymarket),therebyprotectingyour
investmentsfromanywildshorttermfluctuationsintheequitymarket,thecloseryougetto thetimeofmaturity/vesting.
ThepercentageofinvestmentsthatareinvestedinEquityPensionFundII,BondPensionFundIIandMoneyMarketPensionFundII
isarangedependingontheremaininginvestmenttermtomaturityasgivenbelow:
EquityPensionFundII(SFIN:ULIF027300513PEEQIT2FND111):Theobjectiveofthisfundistoprovidehighequityexposure
targetinghigherreturnsinthelongterm.
BondPensionFundII(SFIN:ULIF028300513PENBON2FND111):Theobjectiveofthisfundistoproviderelativelysafeand
lessvolatileinvestmentoptionmainlythroughdebtinstrumentsandaccumulationofincomethroughinvestmentinfixed
incomesecurities.
Assets
Equity
DebtInstruments
MoneyMarketInstruments
Minimum
80%
0%
0%
Maximum
100%
20%
20%
RiskProfile
High
No.ofyears
tillMaturity
0to5Years
6to10Years
11to15Years
16YearsandAbove
Percentageoffund
allocationunder
EquityPensionFundII
0to30%
10to40%
30to50%
40to75%
Percentageoffund
allocationunder
BondPensionFundII
40to100%
35to90%
30to70%
10to60%
Percentageoffund
allocationunder
MoneyMarketPensionFundII
0to60%
0to55%
0to40%
0to35%
LowtoMedium
Assets
Debtinstruments
MoneyMarketInstruments
Minimum
60%
0%
Maximum
100%
40%
RiskProfile
5
Assets
Debtinstruments
MoneyMarketInstruments
Minimum
0%
80%
Maximum
20%
100%
RiskProfile
Low
Assets
MoneyMarketInstruments
GovernmentSecurities
Minimum
0%
60%
Maximum
40%
100%
RiskProfile
Low
MoneyMarketPensionFundII(SFIN:ULIF029300513PEMNYM2FND111):Theobjectiveofthisfundistoparkthefundsin
liquidandsafeinstrumentssoastoavoidmarketriskonatemporarybasis.
DiscontinuedPolicyPensionFund(SFIN:ULIF025300513PEDISCOFND111):Theobjectiveofthefundistoachieve
relativelylessvolatileinvestmentreturnmainlythroughdebtinstrumentsandaccumulationofincomethroughinvestmentin
fixedinterestsecuritiesandliquidinvestments.Thisfundwillearnaminimumguaranteedinterestrateof4%p.a.oras
prescribedintheprevailingregulation.
ThisisasegregatedfundoftheCompanyandcreatedasrequiredbytheIRDA.Thisfundisnotoffered,asaninvestment
option.
ThecompanyreservestherighttoaddnewfundoptionorcloseanyoftheabovementionedfundswithpriorapprovalfromIRDA.
Thecompanyshallselecttheinvestments,byeachfundatitssolediscretionsubjecttotheinvestmentobjectivesfortherespective
planandtherelevantIRDAregulations.
NAVofthefundshallbecomputedas:
Extraallocationofunits,bywayofTerminalAddition,ispaidatmaturity/vestingofthepolicyoronearlierdeath.1.5%ofthefund
valuewouldbepaidasTerminalAddition.TerminalAdditionwouldbepaidonlyforin-forcepoliciesincludingfullypaid-uppolicies.
Incaseofdefermentorextensionofvestingdate,theterminaladditionswouldbepaidontheeventualvesting/maturitydateoron
earlierdeath.
In-forcepoliciesincludingfullypaid-uppoliciesarerewardedthroughregularguaranteedadditionsof10%ofAnnualPremium.
GuaranteedAdditionswillstartfromtheendof15thpolicyyearandattheendofeveryyearthereaftertillmaturity/vesting.
Guaranteedadditionwouldnotapplytopolicieswherevestingdatehasbeendeferredwithoutpaymentoffurtherpremium.
NAVComputation
TerminalAddition
GuaranteedAddition
(MarketValueofInvestmentheldbythefund+ValueofCurrentAssets-ValueofCurrentLiabilities&Provisions,ifany)
NumberofUnitsexistingonValuationDate(beforecreation/redemptionofunits)
6
EndofPolicy
Year 1 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3132 33 34 35
GuaranteedAdditionof10%ofAnnualPremiumeveryyear
TotalCumulativeGuaranteedAdditionsPayout:210%*1Lakh=` 2,10,000
GuaranteedAdditionsPayoutIllustration:
Mr.A,aged-35yearshasoptedforSBILife-RetireSmart.HeispayingregularpremiumofRs.1Lakhp.a.forapolicytermof
35years.
TheGuaranteedAdditionssoadded,wouldalsobeinvestedinthefundsandstartearningreturnsforMr.A.
Whatsmore,attheendofpolicyterm,Mr.AwouldgetMaturity/VestingFundValueinclusiveofGuaranteedAdditionsPLUS
TerminalAdditionof1.5%oftotalFundValue.
DeathBenefit:
IntheunfortunateeventofdeathoftheLifeAssuredwhilethepolicyisin-force,Higherof(FundValuePlusTerminalAdditionor105%
oftotalpremiumspaidtillthetimeofdeath),ispayabletotheeligiblebeneficiary,asonthedateofintimationoftheclaimtothe
company.
Thebeneficiarycanusethedeathbenefitamount,asperthebelowmentionedoptions:
Receivetheentireproceedsaslumpsum
Utilizetheentireproceedsofthepolicyorpartthereofforpurchasinganannuity,atthethenprevailingrate,provided
eligibilitycriteriaoftheapprovedimmediateannuityproductismet(e.g.minimumannuityamountoragecriterion).
Maturity/VestingBenefit:
Oncompletionofpolicyterm,youwillreceivetheHigherof(FundValuePlusTerminalAdditionor101%totalpremiumspaid),
providedthepolicyisinforce.
YouwillhavethefollowingoptionsonMaturity/Vesting:
Topurchaseimmediateannuity,fromtheentirepolicyproceeds
Topurchaseasinglepremiumdeferredpensionproduct,fromtheentirepolicyproceeds
Topurchaseimmediateannuitywithanoptiontocommuteup-toone-thirdofthepolicyproceeds,aspercurrentIncome
Taxrules
Toextendtheaccumulationperiodordeferthevestingdateprovidedyouarebelowageof55yearsatvesting.The
maximumextendedperiodwillbeuptoage80years.
Note-Incasetheeligibilitycriteriaoftheapprovedimmediateannuityproductarenotmet(e.g.minimumannuityamount)thevesting
benefitwillbepaidinlumpsum.
Benefits
7
AdditionalFeatures
TaxBenefit:PremiumspaidunderthePolicyareeligiblefortaxdeductionu/s80CCCoftheIncomeTaxAct,1961.Onvesting
oronsurrender/discontinuance,thepolicyholdercancurrentlycommuteuptoonethirdofthepolicyproceedsasperthe
IncomeActTax,1961.Thiscommutedvalueisexemptedfromtaxundersection10(10A)(iii)oftheIncomeTaxAct1961.The
non-commutedpensiontakenintheformofanimmediateannuityiscurrentlytaxable.
Deathbenefitunderthispolicyistaxexemptu/s10(10D)oftheIncomeTaxAct,1961.
Taxbenefits,areaspertheIncomeTaxlaws&aresubjecttochangefromtimetotime.Pleaseconsultyourtaxadvisorfor
details.
Taxbenefits,areaspertheIncomeTaxlawsaresubjecttochangefromtimetotime.Pleaseconsultyourtaxadvisorfordetails.
FreeLookPeriod:Youcanreviewthetermsandconditionsofthepolicy,within15daysforpoliciessourcedthroughany
channelmodeotherthanDistanceMarketingand30daysforpoliciessourcedthroughDistanceMarketing,fromthedateofthe
receiptofthepolicydocumentandwhereyoudisagreewithanyofthosetermsandconditions;youhavetheoptiontoreturnthe
policystatingthereasonsforyourobjection.
Weshallrefundyoutheamountarrivedasperthefollowingformula:
FundValue,
Plusthefollowingwhicharealreadydeducted
(PremiumAllocationCharges+PolicyAdministrationCharges+CorrespondingServiceTaxandCess)
Minusthefollowing:
(CostofStampDuty)
GracePeriod:Graceperiodforthisplanis15daysformonthlymodeandforothermodes30days
DiscontinuanceofPremium: Ondiscontinuanceofpremium,youcaneither:-
RevivethePolicywithinaperiodof2yearsfromthedateofdiscontinuance.Ifyouchoosetorevivebypayingalldue
premiumstilldate,thepolicywillcontinueasin-force.
SurrenderthePolicy
Convertthepolicyintopaid-uppolicy(optionavailableonlywhen5yearsfullpremiumhasbeenpaid)
Companyshallsendyouanotice(statingtheabovementionedoptions)within15daysfromtheendoftheGraceperiod.Youwill
haveatimeperiodof30daysfromthereceiptofsuchnoticetorevertbacktotheCompany.Duringthisperiod,yourfundswill
continuetobeinvestedintheAdvantagePlan.Allchargeswillcontinuetobededucted.
Ifnoresponsehasbeenreceivedfromyouwithinthestipulatedperiod,thenitwillbedeemedthatyouhaveoptedforComplete
withdrawal andthepolicywouldbetreatedinthesamemannerasthatinSurrender.
Ifyouexercisetheoptiontoreviveyourpolicywithinrevivalperiodthen:
Ifpremiumisdiscontinuedduringfirstfivepolicyyears
YourfundvalueasonthatdatewillbedisinvestedandcreditedtoDiscontinuedPolicyPensionFundnetofrelevant
discontinuancecharge.
Ifyourevivethepolicywithin2yearstimethenrevivalprocedureasstatedinRevivalconditionswouldbeapplicable.
Ifyoudonotrevivewithintherevivalperiod,thenSection Discontinuance/SurrenderCompulsoryOptions wouldapply
attheendoftherevivalperiodoronthe1stbusinessdayofthe6thpolicyyearwhicheverislater.
8
If premiumisdiscontinuedafterfirst5policyyears

Charge,PolicyAdministrationChargeswouldcontinuetobededucted.
Ifyourevivethepolicy,thentherevivalprocedureasstatedinRevivalconditionswouldbeapplicable.
Ifyoudonotrevivewithinrevivalperiod,thenSection Discontinuance/SurrenderCompulsoryOptions wouldapplyat
theendoftherevivalperiod.
Ifyouchoosetosurrenderthepolicyduringthenoticeperiodorwedonotreceiveanyresponsefromyouduringnoticeperiod,
then:
Ifpremiumisdiscontinuedduringfirstfivepolicyyears
YourfundvalueasonthatdatewillbedisinvestedandcreditedtoDiscontinuedPolicyFundnetofrelevant
discontinuancecharge.
Section-Discontinuance/SurrenderCompulsoryOptions wouldapplyatthefirstworkingdayof6thpolicyyear.
Ifyoudiebeforethepaymentofdiscontinuedpolicyvaluethenthesameispaidtothenominee/beneficiaryimmediately.
If premiumisdiscontinuedafterfirst5policyyears
Section-Discontinuance/SurrenderCompulsoryOptions wouldapplyimmediately.
Revival:Weofferyouarevivalperiodof2yearsfromthedateofdiscontinuance.Youcanreviveyourpolicy,duringrevival
period,bypayingallduepremiums.Revivalissubjecttotheapplicabletermsandconditionsandunderwritingacceptance.The
underwritingdecisionwouldbecommunicatedtoyou,postwhichonlyyourcoverwouldre-commence.
Ifpremiumisdiscontinuedduringfirstfivepolicyyears
Ifyouopttorevivethepolicywithinrevivalperiod,thentheDiscontinuedPolicyPensionFundwillbedis-investedandthe
discontinuancecharge,previouslydeducted,wouldbeaddedbacktothisdis-investedfundamount.Companywill
automaticallyshifttheresultantfundintheAdvantagePlan.UnitswillbeallocatedbasedontheNAVasonthedateofsuch
revival.PolicyAdministrationChargesandPremiumAllocationChargesfortheperiod,startingfromthedateoffirst
unpaidpremiumwillbededucted.
Ifpremiumisdiscontinuedafterfirstfivepolicyyears
Duepremiumspaidbyyou,netofchargeswouldbeinvestedintheAdvantagePlan.Unitswillbeallocatedbasedonthe
NAVasonthedateofsuchrevival.PremiumAllocationChargesfortheperiod,startingfromthedateoffirstunpaid
premiumwillbededucted.
Anydueguaranteedadditionsareaddedatthetimeofrevival.
Paid-up:Youcanchoosetoconvertyourpolicytopaid-upsubsequenttothediscontinuanceofpremiumafter5years.During
theperiodinwhichthepolicyremainspaid-up,allthechargesexceptpremiumallocationchargewouldbededucted.
Ifthepolicyisdiscontinuedafterthe1stfivepolicyyearsandisinapaidupstateorisintherevivalperiod,andthefundvalueat
anytimefallsbelowoneannualpremium,thepolicywillbeterminatedandthefundvalueavailablethenwouldbepaidtothe
policyholder.
Surrender:Youcansurrenderyourpolicyatanytimeduringthepolicyterm.Oncepolicyissurrenderedtherewillbenooption
torevivethepolicy.
Duringtherevivalperiodyourpolicyisdeemedtobeinforce,aspertermsandconditionsofthepolicy.FMC,Guarantee
9

Thelock-inconditionapplies.
YourFundValueafterdeductionofapplicablediscontinuancecharge(ifany),willbetransferredtotheDiscontinued
PolicyPensionFund.
YouwillearnaminimuminterestrateasstipulatedbyIRDAfromtimetotimeonthisFund.
FundManagementChargeofDiscontinuedPolicyPensionFundshallbededucted.Nootherchargewillbe
deducted.
Discontinuance/SurrenderCompulsoryOptions wouldapply
Ifthesurrenderisrequestedanytimeaftercompletionof5thpolicyyear,thenwewilldisinvestyourunitsinallthe
fundsonthedaywereceiveyourrequestandDiscontinuance/SurrenderCompulsoryOptions wouldapply.
Discontinuance/SurrenderCompulsoryOptions
Whenapolicyisnotrevived,oronSurrender/completewithdrawal,oronoptionnotbeingexercisedduringthenoticeperiod
leadingtocompletewithdrawal,youhavetooptfromthebelowmentionedoptions.Theseoptionswouldbeeligibleonlyafter
completionoffirst5policyyears.
Topurchaseimmediateannuity,atthethenprevailingrate,fromtheentirepolicyproceeds
Topurchaseasinglepremiumdeferredpensionproduct,fromtheentirepolicyproceeds
TopurchaseimmediateannuitywithanoptiontocommutetotheextentallowedasperIncomeTaxAct,currentlyup-to
one-thirdofthetotaldiscontinuance/surrendervalue.
NominationwillbeallowedundertheplanasperSec39ofInsuranceAct,1938.
Assignmentisnotallowedundertheplan.
PremiumAllocationCharge: ThischargeshallbedeductedfromPremiumsastheyarepaid,beforeallocationofunitseach
timeaPremiumisreceived,andshallbeasfollows:
PolicyAdministrationCharge:Amonthlypolicyadministrationcharge,asstatedbelow,shallbedeductedthroughoutthe
termofthepolicy.PolicyAdministrationChargeswillberecoveredbywayofcancellationofunitsattheprevailingunitpriceon
thefirstbusinessdayofeachPolicyMonth.
Ifsurrenderisrequestedduringthefirst5Policyyears,then
Nomination
Assignment
ChargesforthePlan
PremiumAllocationCharge(%ofpremium)
5.75%
4.25%
4.00%
2.50%
PolicyYear
Year1
Year2
Years3to10
Year11&onwards
10
2
3
4
5onwards
Lowerof6%
(AnnualPremiumorFundValue)
subjecttomaximumof` 6,000
x
ForAnnualPremium
above` 25,000
Lowerof4%
(AnnualPremiumorFundValue)
subjecttomaximumof` 5,000
x
Lowerof3%
(AnnualPremiumorFundValue)
subjecttomaximumof` 4,000
x
Lowerof2%
(AnnualPremiumorFundValue)
subjecttomaximumof` 2,000
x
Nil
Lowerof20%x
(AnnualPremiumorFundValue)
subjecttomaximumof` 3,000
ForAnnualPremium
upto` 25,000
Lowerof15%
(AnnualPremiumorFundValue)
subjecttomaximumof` 2,000
x
Lowerof10%
(AnnualPremiumorFundValue)
subjecttomaximumof` 1,500
x
Lowerof5%
(AnnualPremiumorFundValue)
subjecttomaximumof` 1,000
x
Nil
1
Yearof
discontinuance*
FundManagementCharges:AcertainfixedpercentageoftherelevantfundbeforecalculatingtheNAVonadailybasiswillbe
chargedaspertheratesbelow:
GuaranteeCharges:ThereisaGuaranteeChargeof0.25%p.a.oftheFundValuesoffundsundertheAdvantagePlan.The
chargewouldapplyonthefundandwouldberecoveredfromthefundbeforecalculatingtheNAVonadailybasis.
MortalityCharges:Nil.
DiscontinuanceCharges:DiscontinuancechargesareexpressedasapercentageofAnnualPremiumorFundValue.Theyear
ofdiscontinuanceisthepolicyyearinwhichthedateofdiscontinuancefalls.
*DateofDiscontinuanceofthePolicy,shallbethedateonwhichtheCompanyreceivestheintimationfromthePolicyholder,about
discontinuanceofthePolicyorontheexpiryofthenoticeperiodof30days(asmentionedabove),whicheverisearlier.
MiscellaneousCharges:Forissuanceofadditional/duplicatecopyofyearlyfundstatementanamountof` 100perstatement
willbecharged.
AlltheabovechargesexceptPremiumAllocationChargesaresubjecttorevisionwithpriorapprovalofIRDA.ThePolicy
AdministrationChargeswouldbesubjecttoacapof` 200permonth.
ServiceTax,SurchargeandEducationCessarepayableonalltherelevantcharges,attheapplicablerates
PolicyYear
Years1to5
Year6&onwards
PolicyAdministrationCharge
` 45permonth
` 70permonth
FundName
EquityPensionFundII
BondPensionFundII
MoneyMarketPensionFundII
DiscontinuedPolicyPensionFund
FundManagementCharges
1.35%p.a.
1.00%p.a.
0.25%p.a.
0.50%p.a.
11
SuicideExclusion
Notes
RiskbornebythePolicyholder
ProhibitionofRebates
Non-Disclosure
Ifthelifeassured,whethersaneorinsane,commitssuicide,withinoneyearfromthedateofissueofthepolicyorfromthedateof
revivalofthepolicy,thepolicyshallbevoid.Insuchevent,theFundValueasondateofintimationofdeathtothecompany,shallbe
payableandallbenefitsunderthepolicywillcease.
SwitchingandRe-directionisnotapplicableundertheplan
Partialwithdrawalsarenotallowedundertheplan
I. INTHISPOLICY,THEINVESTMENTRISKINTHEINVESTMENTPORTFOLIOISBORNEBYTHEPOLICYHOLDER
II.UnitLinkedLifeInsuranceProductsaredifferentfromthetraditionalinsuranceproductsandaresubjecttoriskfactors
III.ThepremiumpaidinUnitLinkedInsurancepoliciesaresubjecttoinvestmentrisksassociatedwithcapitalmarketsandtheNAVsoftheunitsmay
goupordownbasedontheperformanceoffundandfactorsinfluencingthecapitalmarketandtheinsuredisresponsibleforhis/herdecisions.
IV. SBILifeInsuranceCompanyisthenameoftheInsuranceCompanyandSBILife RetireSmartisonlythenameoftheunitlinkedlifeinsurance
contractanddoesnotinanywayindicatethequalityofthecontract,itsfutureprospectsorreturns
V.Pleaseknowtheassociatedrisksandtheapplicablecharges,fromyourinsuranceagentortheintermediaryorpolicydocumentoftheinsurer
VI.Thevariousfundsofferedunderthiscontractarethenamesofthefunsanddonotinanywayindicatethequalityoftheseplans,theirfuture
prospectsorreturns.
VII.PastperformanceoftheFundOptionsisnotindicativeoffutureperformance
VIII.AllBenefitspayableunderthisPolicyaresubjecttotaxlawsandotherfiscalenactmentsin-effectfromtimetotime,pleaseconsultyourtax
advisorfordetails.
TheCompanyreservestherighttosuspendtheallocation,reallocation,cancellationand/orswitchingofunitsunderextraordinarycircumstancessuch
asextremevolatilityofassets,extendedsuspensionoftradingonstockexchange,naturalcalamities,riotsandothersimilareventsorforcemajeure
circumstances,subjecttoapprovalfromIRDA.
Section41ofInsuranceAct1938states:
Section41ofInsuranceAct1938states:
(1)Nopersonshallalloworoffertoallow,eitherdirectlyorindirectly,asaninducementtoanypersontotakeorreneworcontinueaninsurancein
respectofanykindofriskrelatingtolivesorpropertyinIndia,anyrebateofthewholeorpartofthecommissionpayableoranyrebateofthepremium
shownonthepolicy,norshallanypersontakingoutorrenewingorcontinuingapolicyacceptanyrebate,exceptsuchrebateasmaybeallowedin
accordancewiththepublishedprospectusesortablesoftheinsurer:
Providedthatacceptancebyaninsuranceagentofcommissioninconnectionwithapolicyoflifeinsurancetakenoutbyhimselfonhisownlifeshallnot
bedeemedtobeacceptanceofarebateofpremiumwithinthemeaningofthissubsectionifatthetimeofsuchacceptancetheinsuranceagent
satisfiestheprescribedconditionsestablishingthatheisabonafideinsuranceagentemployedbytheinsurer.
(2)Anypersonmakingdefaultincomplyingwiththeprovisionsofthissectionshallbepunishablewithfinewhichmayextendtofivehundredrupees.
Section45ofInsuranceAct,1938states:
NoPolicyoflifeinsuranceeffectedbeforethecommencementofthisActshallaftertheexpiryoftwoyearsfromthedateofcommencementofthisAct
andnopolicyoflifeinsuranceeffectedafterthecomingintoforceofthisActshall,aftertheexpiryoftwoyearsfromthedateonwhichitwaseffected,be
calledinquestionbyaninsureronthegroundthatastatementmadeintheproposalforinsuranceorinanyreportofamedicalofficer,orreferee,or
friendoftheinsured,orinanyotherdocumentleadingtotheissueofthepolicy,wasmaterialmatterorsuppressedfactswhichitwasmaterialto
discloseandthatitwasfraudulentlymadebythepolicy-holderandthatthepolicyholderknewatthetimeofmakingitthatthestatementwasfalseor
thatitsuppressedfactswhichitwasmaterialtodisclose;
Providedthatnothinginthissectionshallpreventtheinsurerfromcallingforproofofageatanytimeifheisentitledtodoso,andnopolicyshallbe
deemedtobecalledinquestionmerelybecausethetermsofthepolicyareadjustedonsubsequentproofthattheageofthelifeinsuredwasincorrectly
statedintheproposal.
ContactUsToday
CallTollFree1800229090
SBILifeInsuranceCompanyLimitedisajointventurebetweenStateBankofIndiaandBNPParibasCardif.
www.sbilife.co.in|SMS-'CELEBRATE'to56161|Email:info@sbilife.co.in
SBILifeInsuranceCompanyLimited
Registered&CorporateOffice:Natraj,M.V.Road&WesternExpressHighwayJunction,
Andheri(East),Mumbai-400069.
IRDARegn.No.111
Insuranceisthesubjectmatterofsolicitation.
1H.ver.01-12/13BRENG
Followuson: /sbilifeinsurance | /sbilifeinsurance | /sbilife
NRI Consultant:-
K.N. BABUJEE B.com MCA - Tax Consultant [Bajaj Capital Sub Broker]
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