SBI life insurance who has launched new unit linked product named ‘Smart Horizon’. It is a dynamic non-participating Unit Linked Life Insurance Plan with object to provide you long term capital gain.

The plan which will give you a hassle free way to get market linked returns through the unique feature of Automatic Asset Allocation (AAA). Smart Horizon is well suited plan for the customers who like to make fund allocation decision on an on-going basis.

Automatic Asset Allocation factor which make sure customer gets good returns and protection to their capital. Smart Horizon which it self offers Plan A, Plan B and Plan C which customer can choose as per his risk appetite.

Key Features of Smart Horizon:

1)      Policy comes with minimum annual premium of Rs 24000.

2)      No premium allocation charges from 2^nd year.

3)      Hassle free investment management by way of Automatic Asset Allocation and Active Fund Management Options.

4)      Life Insurance Coverage available, with minimum Sum Assured based on your age.

5)      Flexible product with an option to increase or decrease your Sum Assured, from 6th policy year onwards.

6)      Flexible switching and redirecting of funds give you the power for active management of your investments.

7)      Smart Horizon comes with 4 additional riders ( criti care 13, accidental linked benefit linked rider, premium payor wavier benefit rider & income sustainer rider).

8)      Policy is available for the terms 10, 15 to 30 years.

9)      Maximum Sum Assured available for all ages is (20 x annual premium).

SBI Life’s ‘Smart Horizon’ which also provides attractive tax benefits under Income Tax, 1961 subjected to certain conditions.

Fund Value will be paid on completion policy term as Maturity Benefits.

Higher of fund value or sum assured is payable, with a minimum of 105% of total basic premiums paid till the time of death.

The SBI Life which now has strong six ULIPs to cater the various needs of customers.Smart Performer, Unit Linked Saver, Saral Maha Anand, Smart Elite, Smart Scholar and Smart Horizon.

Know More about Unit Linked Insurance Plans.