SBI Life Insurance launches Smart Wealth Assure

MUMBAI: SBI Life Insurance has introduced an unit-linked insurance plan (ULIP) as it guarantees at inception a pre-specified NAV applicable. By opting for the return guarantee fund, the policyholder can form long term investment corpus based on minimum pre-determined NAV or prevailing NAV at the maturity. The fund also has a closed sub-fund along with subscription open for maximum of three-months time and fixed ten-years termination period.

Mr MN Rao, MD and CEO, SBI Life Insurance, said, “Our aim is to build a sizeable and attractive suite of 'Simple and Smart' products so as to allow our customers to choose relevant solutions that best meet their needs, aligned to their income and risk profile.”
The SBI Life Smart Wealth Assure also provides policyholders optional accidental death benefit and liquidity via convenient partial withdrawal facility from 6th policy year onwards.