SBI Life Smart Privilege Plan

Liquidity:

The company understands that you may need financial help to sort out your emergency situations. That is why the policy offers you to do partial withdrawal that helps you to meet unexpected financial expenses according to the following ways:

• Partial withdrawals will be allowed only after the 5th policy anniversary or on the attainment of age 18 years by the life assured, whichever is later.

• 2 free partial withdrawals in a policy year are allowed. A charge of Rs. 100 per withdrawal in excess of free partial withdrawal will be charged. There is no carry forward of free unused partial withdrawal for future policy years.

• A maximum of 4 partial withdrawals can be made in one policy year, and not more than 10 partial withdrawals are allowed in the entire policy term in case of a policy term of 10 years or below and 15 partial withdrawals for a policy term above 10 years.

• The minimum Partial withdrawal amount allowed is Rs. 5,000. Maximum Partial withdrawal allowed is up to 15% of the Fund Value as of the withdrawal request date.

• Partial withdrawals will not be allowed if the fund value, as a consequence of this withdrawal, is reduced to less than 50% of the total premiums paid.

Fund Options:

You can invest in any one or combination of the mentioned funds in the Policy Wordings. There are 11 fund options to invest in, and those are as follows:

• Top 300 Fund – The objective of this fund is to provide long-term capital appreciation by investing in stocks of the top 300 companies in terms of market capitalization on the National Stock Exchange (NSE).

• Balanced Fund – The objective of this diversified fund is to provide an accumulation of income through investments in both equities and fixed-income securities with an attempt to maintain a suitable balance between return and safety.

• Bond Fund – The objective of this fund is to provide relatively safe and less volatile investment options mainly through debt instruments and accumulation of income through investment in fixed-income securities.

• Equity Optimizer Fund – The objective of this fund is to provide equity exposure targeting higher returns (through long-term capital gains).

• Bond Optimizer Fund – The objective of this fund is to earn returns higher than a pure fixed-income fund by investing in a mix of Government Securities, Corporate Bonds, Money Market Instruments, and up to 25% in Equity Instruments.

• Money Market Fund – The objective is to deploy the funds in liquid and safe instruments to avoid market risk on a temporary basis.

• Equity Fund – The objective of this fund is to provide high equity exposure targeting higher returns in the long term.

• Growth Fund – This fund aims to provide long-term capital appreciation through investment primarily in equity and equity-related instruments, with a small part invested in debt and the money market for diversification and risk reduction.

• Pure Fund – The objective of this fund is to provide high equity exposure targeting higher returns in the long term.

• Midcap Fund – The objective of this fund is to provide high equity exposure targeting higher returns in the long term by investing predominantly in Midcap Companies.

• Corporate Bond Fund – This fund aims to earn a steady income for policyholders by investing in debt instruments and optimize returns for the portfolio by predominantly investing in Corporate Bonds of medium-term maturities.

Revival:

The company offers the insured a revival period of 3 years from the date of the first unpaid premium, during which you can revive your policy by paying all due premiums without any interest or fee. Revival is subject to the applicable terms and conditions and underwriting acceptance. The underwriting decision would be communicated to you, post which only your cover would re-commence. Revival is applicable for Regular and Limited Premium Payment modes only.

Surrender:

You can surrender your policy at any time during the policy term. Once the policy is surrendered there will be no option to revive the policy. If the surrender is requested any time after the completion of 5 policy years, then the Fund Value will be paid immediately. If surrender is requested during the first 5 Policy years, then

• The lock-in condition applies.

• Your Fund Value will be transferred to the “Discontinued Policy Fund’ after the deduction of the applicable discontinuance charge (if any).

• You will earn a minimum interest rate of 4% p.a. or as prescribed in the prevailing regulation on this Fund.

• Fund management Charge of the Discontinued Policy Fund shall be deducted. No other charge will be deducted.

• Risk cover will cease to apply.

• The Fund Value will be payable on the 1 working day of the 6th policy year.

Additional Allocation:

Additional allocation is applicable for policies purchased by the staff. The following would be the additional allocation:

For a single premium – 2%

For Regular/Limited Premium policies (as a % of premium):