Unit Plus II Pention

Pure Pension

Generic Benefit Illustration of Unit Plus II Pension Single Premium

Generic Benefit Illustration of Unit Plus II Pension Regular Premium

Pension cum Life Cover

Generic Benefit Illustration of Unit Plus II Pension Regular Premium

Generic Benefit Illustration of Unit Plus II Pension Single Premium

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Introduction:
We at SBI Life understand the basic needs for pension plan and give you financial strength to maintain your life style even after the retirement. Unit Plus II Pension plan makes sure that you have regular income after you retire and also helps you to maintain your standard of living.

This is a unit linked pension plan wherein the policyholder chooses an investment period from 5 to 52 years for a vesting age between 50 to 70 years. You can choose to pay either single premium or pay regular premium for the entire policy term. Your contributions are invested into 4 fund options as per your choice.

Key Features:
Choice to invest & control five different funds as per your risk appetite.
Flexibility to choose between two options
Pure Pension
Pension cum Life Cover No medical required for Pure Pension, automatic acceptance facility. Flexibility to increase regular contribution.
Top up payments: any amount, anytime. Customize your plan by adding riders. 15 days free look period.

Product type: This is a non participating Unit Linked Pension product.
How does it work?
Choose your vesting age: Any age between 50 years - 70 years.
Choose premium frequency and premium amount Premium Frequency Minimum frequency Maximum Frequency Single 25,000(in multiples of 1000) No Limit Yearly 24,000(in multiples of 100) No Limit Half Yearly 12,000(in multiples of 100) No Limit Quarterly 6,000(in multiples of 100) No Limit Monthly 2,000(in multiples of 100) No Limit

Choose plan option Option I Pure Pension Plan (For age group 18-65) Option II Pension Plan with life cover (For age group 18-60) In case you have opted for option II, your sum assured will be as mentioned below For single premium mode Age at entry Sum Assured 18-35 125 % of single premium subject to maximum SA of Rs. 10 lacs 36-45 125 % of single premium subject to maximum SA of Rs. 5lacs 46-60 125 % of single premium subject to maximum SA of Rs. 1.2 lacs
For regular premium mode Age at entry Sum Assured 18-35 5 or 10 times first annualised premium subject to maximum SA of Rs. 10 Lacs 36-45 5 or 10 times first annualised premium subject to maximum SA of Rs. 5 Lacs 46-60 1.2 lacs Choose your investment funds: You can invest in 4 investment funds viz. Equity Pension Fund, Bond Pension Fund, Growth Pension Fund, Balanced Pension Fund. Benefits Death Benefit:During accumulation phase
If you opt for option I : Pure Pension Plan

Fund value will be paid in lumpsum to nominee. If you opt for option I : Pure Pension Plan with life cover
The higher of fund value or sum assured will be paid in lumpsum to nominee. Guaranteed additions by way of free allocation of units to increase your retirement kitty. On Vesting: It's your income; you decide how it works for you. You have choice and flexibility.You can take upto one third of the fund value in lumpsum. tax-free as per current tax law.

The tax free limit applicable for the commutated value may change as per change in Income Tax rules During Annuity Phase: Balance amount has to be used to purchase annuity. The rate at which the amount at vesting date will be converted to an annuity is not guaranteed and will be based on the prevailing immediate anniuty rates under the relevant annuity option at the vesting date. Currently SBI Life Insurance offers the following annuity options.

Life annuity at constant rate. Annuity payable at constant rate throughout the life of Annuitant with facility of receiving on death of Annuitant refund of purchase price less the sum total of annuity already paid till date of death.

Annuity payable at constant rate throughout the life of Annuitant with facility of receiving on death of Annuitant 100% refund of purchase price. Annuity increasing at the simple rate of 1%, 2% or 3% per annum as the case may be and payable during the life of the Annuitant. Annuity certain for 5/10/15 years as the case may be and for life thereafter. Last survivor annuity, whereby upon the death of Annuitant his / her spouse will receive a life annuity, which will be either 50% or 100% of the last annuity amount paid to the Annuitant, as selected. This annuity option will not be available if the difference in the age of annuitant and spouse is more than 10 years. Tax Benefits Save tax u/s 80 CCC (1) of IT Act.

What is the policy term? Term = Vesting Age - Age at Entry Minimum Years Maximum Years 5 Years 52 Years Who can buy this product? If you are in the age group of 18 to 65 you can opt for Unit Plus II pension plan without life cover. For Unit Plus II pension plan with life cover it should be between 18-60 years. Riders available Accidental Death and total permanent disability rider Critical Illness Rider

Five Funds for investments Equity Pension Fund: Assets Min Max Risk Equity & Equity related instruments 80% 100% High Debt & Money market instruments Nil 20% Bond Pension Fund: Assets Min Max Risk Debt instruments 80% 100% Low to medium Money market instruments Nil 20% Growth Pension Fund: Assets Min Max Risk Equity and Equity related instruments 40% 100% Medium to High Debt & Money Market instruments Nil 60% Balanced Pension Fund Assets Min Max Risk Equity and Equity related instruments 40% 60% Medium Debt & Money Market instruments 40% 60% Equity Optimiser Fund Assets Min Max Risk Equity and Equity related instruments 60% 100% High Debt & Money Market instruments Nil 40%

Guaranteed additions by way of free allocation of units: The bonus units are rewarded for the policy term of 20 years and above, when no premiums are due and the policy is in full force. For Regular Premium Mode End of Policy Year Free allocation of unit as a % of annualized average Regular Premium 10 10 % of annualized average Regular Premium for the first 10 policy years 15 20 % of annualized average Regular Premium for the first 15 policy years 20 30 % of annualized average Regular Premium for the first 20 policy years For Single Premium Mode End of Policy Year Free allocation of unit as a % of Single Premium 10 1 % of single premium 15 2 % of single premium 20 3 % of single premium For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.