SBI Life - Horizon II

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.

SBI Life Horizon II Key Features

• Twin benefit of insurance cover and market linked returns
• Hassle-free investment management of funds from inception to maturity
• Automatic Asset Allocation of funds
• Automatic rebalancing of funds at yearly intervals, free of cost
• Higher protection, to meet your family financial needs.
• Automatic cover continuance.
• Liquidity option after 3 years
• Facility to top up your investment kitty.
• Tax benefit as per section 80C and 10(10D) of income tax act.
• 15 days free look period from the date on which you receive the policy document.

Product type

It is a unique, non-participating Unit Linked Insurance Plan.

Benefits of SBI Life Horizon II

• Hassle Free Investment Management: You simply invest we will manage it for you.
• Maturity Benefits: At the end of the term you will get the fund value.
• Increasing Death Benefit: For all in forced policies, In case of death after completion of age 7 your nominee will receive Fund Value + Sum Assured otherwise fund value is payable.

SBI Life Horizon II - What is the policy term?

Minimum Years	Maximum Years
10 years	40 years

Who can buy this product?

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.

What is the sum assured?

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.

Three Types of Funds

• Equity Fund: For Long Term Capital Appreciation
• Bond Fund: For Generating good returns by taking calculated risks
• Money Market Fund: For cutting the risk while reaching maturity

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.

Mutual Fund Charges

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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