Robinhood Insurance Broker Private Limited

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Launch Date Product Code UIN Status
2/1/2014 1K 111L095V01 Active

About Smart Wealth Builder Plan

  • A unit linked plan wherein one can invest in diverse array of market related 7 funds.
  • It offers death risk cover and guaranteed additions.
  • The guaranteed additions which are paid depends on the policy term.
  • As per the  premium payment flexibility, policy term is selected.
  • On maturity, one receives the fund value as per the prevailing market rate.
  • Partial withdrawals available from 6th year along with the option to increase/ decrease the Sum assured.

 

How does this plan work?

Under this SBI smart wealth builder plan, an individual can choose from three premium payment options and premium payment term. Guaranteed additions are paid after every five years starting from the 10th year onwards. Given below are the policy payment flexibility options:

Premium Payment Type Policy term Premium paying terms
Single 5 to 30 years Single premium paid
Limited 10 to 30 years 5 or 8 years
Regular 10 to 30 years 5 or 8 or 10 years

Once the policy term is over, on maturity the individual receives the fund value. He can collect this amount immediately or he can collect it periodically for another 2 to 5 years.  During this period (settlement period of 2 to 5 years) he has to take chances of fluctuation within the fund. During the settlement period he can choose to withdraw the entire amount. 

If in-case on death of the insured during the policy term, his nominee receives a lumpsum which is a higher value from either Sum assured or the fund value. Suppose if he dies during the settlement period, then the remaining fund value is paid to the nominee.

Why should you buy SBI Life Smart Wealth Builder?

There is an exemption from tax under section 80C on your premiums and exemption on death or maturity benefit received under section 10(10D).

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Who should buy SBI Smart Wealth Builder plan?

  • People who are willing to take high risks for higher return.
  • Individuals who are looking to diversify their portfolio.
  • Individuals who are looking for tax exemptions.

Features

  • Life coverage
  • Assured additions (Conditions Apply#)up to 125% of one annual regular premium for a longer term
  • Options to increase or decrease the sum assured, premium payment frequencies from 6th policy year onwards
  • Enhanced investment opportunity through 7 varied funds and the flexibility for switching and redirection
  • Partial withdrawals from 6th policy year or 18 years of age

Assured Additions at the specified percentages for RP, LPPT & SP, will be given at the end of 10th policy year and every five years thereafter for policies which are in- force.

Advantages

Security

Ensure your family’s financial protection in the case of an eventuality

Reliability

Grow your money through assured additions#

Flexibility

  • Adjust your plan according to your financial sensibilities
  • Switch your investments among seven funds to suit your changing investment needs

Liquidity

Make partial withdrawals in the case of a financial emergency

Claim Process

Know Claim Process of SBI Life Smart Wealth Builder Plan.

Claim Process

Company Overview

SBI Life Insurance Company is a joint venture between State Bank of India and BNP Paribas Assurance, a French Multinational Bank. With its huge banking channel and customer base, SBI Life has soon become one of the top insurers in India. The company offers a wide range of life insurance and pension products at economical prices.

BENEFITS OF BUYING FROM ONEINSURE

OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.

Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.

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₹. 3,900/ Month.

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