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SBI Life - Saral Maha Anand

Smart Shield


SBI Life - Saral Maha Anand is a product created just for you, which will pleasantly surprise you with its sheer Simplicity and Convenience! It is a unit linked, non participating life insurance plan, which lets you manage your investments according to your risk appetite, giving you the power to realise market related returns on your policy. You can choose your required life insurance cover subject to a minimum and a maximum level.

Key Features:

  • No medical examination, Simple joining process^^
  • Guaranteed Additions of up to 30% of one annual premium, for a 20 year policy term, subject to the Policy being in force till the maturity date.
  • 3 fund options, to enjoy market related returns as per your risk appetite.
  • No Premium Allocation Charge from 11th year onwards, thereby boosting your fund value.
  • Liquidity through partial withdrawals
  • Option to customize the plan through SBI Life - Accidental Death Benefit Linked Rider .
  • Twin Benefit of Market linked returns & insurance cover

Plan at a Glance :

Age at Entry ^ Minimum: 18 years      Maximum: 55 years  
Max. Age^ at Maturity 65 years    
Policy Term 10 years / 15 years / 20 years
Premium Range (x100)
Premium Frequency Minimum (in Rs.) Maximum (in Rs.)
Yearly 15,000 29,000
Half-yearly 9,500 14,500
Quarterly 5,500 7,200
Monthly 2,000 2,400
Premium Modes Yearly / Half-yearly / Quarterly / Monthly
Sum Assured
Minimum (in Rs.) Maximum (in Rs.)
Age below 45 years Age 45 years or above Age below 45 years Age 45 years or above
10 x AP 7 x AP 20 x AP 20 x AP


  • Maturity Benefit: On completion of Policy Term, Fund Value will be paid.
  • Death Benefit: Higher of the Fund Value or Sum Assured# is payable; with a minimum of 105% of total basic premiums paid till the time of death
  • Rider Benefits:
    SBI Life - Accidental Death Benefit Linked Rider: Provides additional death benefit, if the death occurs as a result of an accident.
  • Tax Benefits:
    Tax deduction under Section 80 C is available. However in case the premium paid during the financial year, exceeds 10% of the sum assured, the benefit will be limited up to 10% of the sum assured.

Tax exemption under Section 10(10D) is available at the time of maturity/surrender, subject to the premium not exceeding 10% of the sum assured in any of the years during the term of the policy. However, death proceeds are completely exempt.

Tax benefits, are as per the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.

^ All the references to age are age as on last birthday
^^ No medical underwriting if no adverse declaration is made in the proposal form by the policyholder

## Net of partial withdrawals

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

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