SBI Life Horizon II is a unique, non participating Unit Linked Insurance Plan in Indian Insurance Industry, where you need not be a financial market expert. This plan offers the flexibility of Unit Linked Plan along with Automatic Asset Allocation which provides relatively higher returns on your money whereas increasing death benefits provides higher security to your family.
Product type
It is a unique, non-participating Unit Linked Insurance Plan.
Minimum Years |
Maximum Years |
10 years |
40 years |
If you are in good health and in the age group of 0 to 60 years you are welcome to join our wagon. Maximum age at Maturity is 70 years.
Decide the amount you can put aside to be invested in SBI Life - Horizon II every year. Your Minimum Life Cover Sum Assured can be 5 x AP Maximum can be (T/2) x AP
Where, T = Term of Policy, AP = Annualized Premium.
Riders Available
No Riders are available.
Equity Fund: For Long Term Capital Appreciation
Assets |
Min |
Max |
Risk |
Equity & Equity related instruments |
80% |
100% |
High |
Debt & money market instruments |
Nil |
20% |
Bond Fund: For Generating good returns by taking calculated risks
Assets |
Min |
Max |
Risk |
Debt instruments |
80% |
100% |
Low to medium |
Money market instruments |
Nil |
20% |
Money Market Fund: For cutting the risk while reaching maturity
Assets |
Min |
Max |
Risk |
Debt instruments |
Nil |
20% |
Low |
Money market instruments |
80% |
100% |
Minimum Premium: Rs 12,000
Maximum Premium: No Limits.
Tax Benefits: Tax Benefit is under Section 80C, 10(10D)
Top Up Premium Allocation Charges: 1% of the annualized premium.
Premium Allocation Charges:1st Policy Year the charges will be 15% of the annualized premium, 2nd and 3rd Policy Year the charges will be 10% of the annualized premium, 4th Policy Year onwards the charges will be 5% of the annualized premium.
Policy Administration Charges:Rs.70 per month.
Fund Management Charges: Equity Fund - 1.5% p.a., Bond Fund - 1.00% p.a., Money Market Fund - 0.25% p.a.
Mortality Charges:It is recovered on a policy month basis by way of cancellation of units
Surrender Charges:1% of the Fund Value
Partial Withdrawal Charges: 1% will be deducted from the third and subsequent withdrawal amounts.
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