SBI Life Insurance Co.

Ltd
Registered & Corporate Office: 'Natraj', M.V.Road and Western Express Highway Junction, Andheri
(East), Mumbai - 400069
IRDAI Registration No. 111 | Website: www.sbilife.co.in | Email: [email protected] | CIN:
L99999MH2000PLC129113
Toll Free: 1800 267 9090 (Customer Service Timing: 24*7)
Benefit Illustration(BI): SBI Life - Smart Future Star (UIN - 111N172V01)
An Individual, Non-Linked, Participating, Life Insurance Savings Product

Proposal Number :- - Channel / Intermediary :- -

Introduction
The main objective of the illustration is that the client is able to appreciate the features of the product and the flow of benefits in different circumstances
with some level of quantification. For further information on the product, its benefits please refer to the sales brochure and/or policy document.

Proposer & Life Assured Details

Name of the Prospect/Policyholder - Staff No
Age of the Prospect/Policyholder 32
(Years)
Name of the Life Assured -
Age of the Life Assured (Years) 5

How to read and understand this benefit illustration?

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy, at two assumed rates of interest i.e, 8% p.a and 4%
p.a.
Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance
business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers
variable benefits then the illustrations on this page will show two different rates of assumed future investment returns, of 8% p.a. and 4% p.a. These
assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent
on a number of factors including future investment performance.

Policy Details
Policy Option / Benefit Option NA Amount of Installment Premium 142,637.47
(Rs.)
Policy Term (Years) 16 Sum Assured (Rs.) 1,620,000
Premium Payment Term (Years) 10 Sum Assured on Death(at inception 1,620,000
of the policy) (Rs.)
Mode / Frequency of Payment of Yearly GST Rate (Rate of Applicable Tax) 4.5% in the first policy year and
Premium 2.25% from second policy year
onwards
Bonus Type Reversionary Bonus

Premium Summary
Base Plan Riders Total Installment Premium
Installment Premium without GST 142,637.47 NA 142,637.47
Installment Premium with First Year 149,056.16 NA 149,056.16
GST
Installment Premium with GST 2nd 145,846.82 NA 145,846.82
year
BENEFIT ILLUSTRATION FOR SBI Life - Smart Future Star
Policy Annualized Guaranteed Benefits Non-Guaranteed Benefits @ 4% p.a. Non-Guaranteed Benefits @ 8% p.a. Total benefits(Including Guaranteed
Year premium and Non-Guaranteed benefits)

Guaranteed Survival Surrender Death Maturity Reversionary GSV SSV Surrender Reversionary GSV SSV Surrender Maturity Benefits Death Benefits
additions / Benefits Value Benefits Benefits Bonus Benefits Bonus Benefits
other (GSV) (Surrender (Surrender Total Maturity Total Maturity Total Death Total Death
guarantees Value) Value) Benefits, incl. Benefits, incl. Benefits, incl. Benefits, incl.
Terminal Terminal Terminal Terminal
Bonus, if any, Bonus, if any, Bonus, if any, Bonus, if any,
@ 4% @ 8% @ 4% @ 8%

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
1 142,637 0 0 0 1,620,000 0 10,530 0 56,536 56,536 63,180 0 73,788 73,788 0 0 1,630,530 1,683,180

2 142,637 0 0 85,582 1,620,000 0 21,060 90,963 113,071 113,071 126,360 117,865 147,576 147,576 0 0 1,641,060 1,746,360

3 142,637 0 0 149,769 1,620,000 0 31,590 158,596 182,704 182,704 189,540 202,730 238,458 238,458 0 0 1,651,590 1,809,540

4 142,637 0 0 285,275 1,620,000 0 42,120 298,148 262,415 298,148 252,720 362,512 342,494 362,512 0 0 1,662,120 1,872,720

5 142,637 0 0 356,594 1,620,000 0 52,650 374,196 353,352 374,197 315,900 462,209 461,182 462,209 0 0 1,672,650 1,935,900

6 142,637 0 0 427,912 1,620,000 0 63,180 451,022 456,782 456,782 379,080 566,572 596,175 596,175 0 0 1,683,180 1,999,080

7 142,637 0 0 499,231 1,620,000 0 73,710 528,734 574,107 574,107 442,260 676,245 749,304 749,304 0 0 1,693,710 2,062,260

8 142,637 0 0 627,605 1,620,000 0 84,240 664,506 706,741 706,741 505,440 849,010 922,413 922,413 0 0 1,704,240 2,125,440

9 142,637 0 0 770,242 1,620,000 0 94,770 815,685 856,345 856,345 568,620 1,042,899 1,117,671 1,117,671 0 0 1,714,770 2,188,620

10 142,637 0 0 927,144 1,620,000 0 105,300 982,428 1,024,927 1,024,927 631,800 1,258,851 1,337,698 1,337,698 0 0 1,725,300 2,251,800

11 0 0 0 998,462 1,620,000 0 115,830 1,065,066 1,128,087 1,128,087 694,980 1,398,084 1,689,790 1,689,790 0 0 1,753,205 2,488,725

12 0 0 0 1,069,781 1,620,000 0 126,360 1,149,383 1,216,247 1,216,247 758,160 1,547,390 1,790,686 1,790,686 0 0 1,765,314 2,567,700

13 0 0 0 1,141,100 1,620,000 0 136,890 1,235,608 1,315,351 1,315,351 821,340 1,708,150 1,935,769 1,935,769 0 0 1,777,424 2,646,675

14 0 0 0 1,212,418 1,620,000 0 147,420 1,324,004 1,419,460 1,419,460 884,520 1,881,929 2,073,849 2,073,849 0 0 1,789,533 2,725,650

15 0 0 0 1,283,737 1,620,000 0 157,950 1,414,866 1,534,967 1,534,967 947,700 2,070,509 2,240,653 2,240,653 0 0 1,801,643 2,804,625

16 0 0 0 1,283,737 1,620,000 1,620,000 168,480 1,437,213 1,660,073 1,660,073 1,010,880 2,204,594 2,441,991 2,441,991 1,813,752 2,883,600 1,813,752 2,883,600

Notes:
1. Annualized premium shall be the premium amount payable in a year, excluding taxes, underwriting extra premiums, rider premiums and loadings for
modal premiums.
2. All Benefit amount are derived on the assumption that the policies are ”in-force”
3. The illustration is for an healthy individual with age as mentioned above.
4. Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV), whichever is higher, is the Surrender Value (Benefit) payable. SSV mentioned
above is not guaranteed and any change is surrender value calculation method shall be made subject to prior approval of the Authority.
5. Surrender Benefit mentioned under Guaranteed Benefits does not include surrender value of vested reversionary bonuses since the bonuses are not
guaranteed. However, the same is considered while calculating the GSV mentioned under Non-Guaranteed Benefits @4% p.a. and 8% p.a. respectively.
6. Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) mentioned in above table are at beginning of the Policy year except for Year 1.
Where in year 1, surrender benefit is payable at the end of the first Policy year, subject to payment of first full Policy year's premium.
7. The surrender values may be different than those illustrated above on account of multiple factors such as policy month in which surrender taking place,
non- payment of all the instalment premiums payable in that policy year etc. The policyholder is advised to check the surrender value payable with the
company before surrendering.
8. The Death Benefit, Maturity Benefit and Reversionary Bonus mentioned in above table is at the end of the Policy year.
9. In any case, the total death benefit during the policy term shall not be less than 105% of the total premiums paid (excluding GST, extra premium and
rider premiums, if any).
10. Bonuses mentioned above will be declared based on statutory valuation carried out at the end of every financial year. Reversionary Bonus, if declared,
would be expressed as a percentage of Basic Sum Assured and Terminal Bonus, if declared, would be expressed as a percentage of Reversionary Bonus
11. Bonus rates assumed under the Benefit Illustration are not guaranteed and the actual benefits under the policy will vary from those shown in the
Benefit Illustration.
12. TDS shall be deducted from the benefit proceeds (i.e. maturity, surrender etc) , as applicable, which are considered as taxable under the Income Tax
Laws.
13. Tax laws are subject to change from time to time. Please consult your tax advisor for further details.
14. In case of death or accidental total permanent disability of proposer, all future premiums payable (if any) under the policy will be waived off.
15. Goods and Service Tax (GST)/ Cess and / or any other statutory levy/ duty/ surcharge at the rate notified by the Central Government / State
Government / Union territory of India from time to time, shall be levied on premium / charges (as applicable) as per the provisions of the prevalent tax law.

Important :
You may receive a Welcome Call from our representative to confirm your proposal details like Date of Birth, Nominee Name, Address, Email ID,
Sum Assured, Premium amount, Premium Payment Term etc.
You may have to undergo Medical Test based on our Underwriting Requirements.

I, ________________________ , have explained the premiums and benefits I, ________________________ , having received the information with respect to
under the product fully to the prospect/policyholder the above, have understood the above statement before entering into the
contract.
Place : Place :

Date : Signature of Agent/Intermediary/ Date : Signature of Prospect/Policyholder

Official of the Insurer