SBI Life - Smart income protect

Introduction:   SBI Life - Smart Income Protect is a savings plan with added advantage of life cover and regular cash inflow at the time you need. It is a participating traditional plan where you continue to pay your regular premiums over a period of 7, 12 or 15 years. Thereafter your payout period starts, where you get guaranteed (Condition apply$) regular annual payouts over a period of 15 years, meeting your various financial obligations.

Key Features:

• Plan that provides Insurance Cover and Regular Income.   • Choose your policy term from 7 years, 12 years or 15 years.   • Premium paying term will be same as policy term chosen by you.   • Vested Reversionary bonuses plus Terminal bonus, if any, will be paid as lump sum at the end of the policy term, at maturity.   • Guaranteed$ annual payouts of 11% of Basic Sum Assured/Paid up Sum Assured over a period of 15 years after maturity.   • Alternatively, you have an option to receive the maturity benefit in a lump sum, which will be 110% of basic sum assured plus Vested Reversionary bonuses plus Terminal bonus, if any.   • Customize your coverage through a wide range of riders:   • SBI Life - Accidental Death Benefit Rider (UIN 111B015V02)   • SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN 111B016V02)   • SBI Life - Criti Care 13 Non Linked Rider (UIN 111B025V02)   • SBI Life - Preferred Term Rider (UIN 111B014V02)   $ Provided at Maturity, the policy is in force or paid-up.

Product Snapshot

Age^ at Entry Policy term (years) Minimum Maximum 7 11 58 12 8 53 15 8 50 Age^ at Maturity Min: 18 years Max: 65 years Sum Assured Min: Rs.1,00,000/- (× 1,000/-) Max*:  No Limit Policy Term 7/12/15 years Premium Frequency Yearly / Half-yearly / Quarterly / Monthly# Premium Frequency Loading Half-Yearly: 52.0% of annual premium Quarterly: 26.5% of annual premium Monthly: 8.9% of annual premium Payout Period 15 years Payout Frequency Yearly

*The maximum sum assured would be subject to board approved underwriting policy. The maximum premium would be based on the sum assured offered. ^ All the references to age are age as on last birthday. # 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card) For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction

Benefits:

• On Maturity:     • Maturity Benefit as lump sum: You get Vested Reversionary Bonuses plus Terminal Bonus, if any, at maturity.     • Maturity Benefit in Installments: You will be paid yearly payouts equal to 11% of basic Sum Assured for next 15 years after maturity. This period of 15 years is your payout period. The first installment will be paid at the end of first year during the payout period.   • Alternatively, you have an option to receive the maturity benefit in a lump sum, which will be 110% of basic sum assured plus Vested Reversionary bonuses plus Terminal bonus, if any at maturity.   • On Death:     • In the unfortunate event of death of life assured during the policy term, the nominee will receive higher of (A,B), where:       A. Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal bonus, if any. Sum Assured on Death is higher of basic Sum Assured @ or guaranteed sum assured at maturity or a multiple of annualized premium@@; where multiple is:             Policy Term Age at entry of Life Assured less than 45 years Age at entry of Life Assured 45 years or more 7 years 5 5 12 or 15 years 10 7     B. 105% of all the premiums paid till the date of death.        @The absolute amount assured to be paid on death is the ‘basic Sum Assured’ and the guaranteed sum assured at maturity is 110% of the basic sum assured.   @@Annualised premium is the premium payable in a year, excluding service tax, cess, the underwriting extra premiums, loadings for modal premiums and rider premiums, if any.     • In case of death during the payout period, all future payouts will continue to be paid to the nominee or legal heir.