1. Training Team | 20th Feb, 2014 | Product Code : 1N
Smart Money Back Gold
Training Team | 20th Feb, 2014 | Product Code : 1N

2. Presenting SBI Life – Smart Money Back Gold
Individual, Non-linked, Participating Endowment Plan with cash inflow at regular intervals and full risk cover irrespective of survival benefits already paid

3. Vested Simple reversionary Bonus Terminal Bonus (if any)
Product with built in liquidity and full sum assured irrespective of survival benefits already paid
Enjoy Full Life Cover till all the benefits are paid, irrespective of any survival benefits already paid.
15% of
Sum Assured
15% of
Sum Assured
15% of
Sum Assured
15% of
Sum Assured
50% of
Sum Assured
Vested Simple reversionary Bonus
Terminal Bonus (if any)

4. Product at a Glance Entry Age (age as on last birthday) Maturity Age
Minimum: Option A: Maximum: Option A: 55
Option B: 15 Option B: 55
Option C: 14 Option C: 50
Option D: 14 Option D: 45
Maturity Age
Maximum: Option A: 67 Option B: 70
Option C: 70 Option D: 70
Sum Assured
Minimum: Rs.75,000/-
Maximum: No Limit
Premium
Minimum Premium:
Monthly : | Quarterly : | Half-Yearly : | Yearly : 4500
Maximum Premium: No Limit - Based on Sum Assured
Premium Frequency
& Premium Modes
Yearly | Half-yearly | Quarterly | Monthly#
Half-Yearly: 52% of annual premium
Quarterly: 26.5% of annual premium
Monthly#: 8.9% of annual premium
Policy Term
Option A: 12 Option C: 20
Option B: 15 Option D: 25
Rider
SBI Life - Preferred Term Rider (UIN: 111B014V02)
SBI Life - Accidental Death Benefit (ADB) Rider (UIN: 111B015V02)
SBI Life - Accidental Total & Permanent Disability (ATPD) Benefit Rider (UIN: 111B016V02)
SBI Life - Criti Care 13 Non - Linked Rider (UIN: 111B025V02)
# 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions
For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction

5. Survival Benefits Survival Benefit as a % of Sum Assured 20% 50%
Plan 1: 12 Year
Policy Term
3rd Year
6th Year
9th Year
12th Year
15%
Plan 2: 15 Year
15th Year
Plan 3: 20 Year
4th Year
8th Year
16th Year
20th Year
Plan 4: 25 Year
5th Year
10th Year
25th Year
Survival Benefits at regular intervals during the policy term. In addition, Simple Reversionary Bonus will be paid with the last Survival Benefit during at maturity

6. On unfortunate event before maturity
Life Insured: Mr. Rohit | Age: 35 Yrs I Premium Paying Term & Policy Term: 20 Yrs Basic Sum Assured: 10 Lacs I Death: 13th Year | Survival Benefits: Yr 4, Yr 8, Yr 12. D
Full Death Benefit&#
irrespective of any survival benefits already paid
15% of
Sum Assured
15% of
Sum Assured
15% of
Sum Assured
Vested Simple reversionary Bonus
Terminal Bonus (if any)
&#Death Benefit  refer slide 7

7. Death Benefit (irrespective any of survival benefits paid earlier)
Death Benefit (lump sum benefit) A B
Higher of
Death Benefit
*Sum Assured on Death +
Vested Bonus + Terminal Bonus (if any)
105% of the total premiums paid
till insured event = OR
*Sum Assured on Death
Higher of Basic Sum Assured
#Multiple of annualized Premium (depending on age of entry of Life Insured) = OR
#Multiple
Policy Term
Entry Age < 45
Entry Age => 45
12,15, 20 & 25 10 7
The Paid-up Sum Assured along with any vested simple reversionary bonuses including terminal bonus, if any, will be called the ‘Paid-up Value’ of the policy, this paid-up value will be paid on earlier death of the life assured.

8. Key Benefits
Money Back options specially tailored to suit your requirements
Fixed cash inflows which can meet your various financial obligations
Survival Benefit of 110% of Sum Assured paid till maturity
Rebate on Large Sum Assured
Customize your coverage through the wide range of additional benefits
SBI Life -Accidental Death Benefit Rider (UIN: 111B015V02),
SBI Life - Accidental Total Permanent Disability Rider (UIN: 111B016V02),
SBI Life – Preferred Term Rider (UIN: 111B014V02)
SBI Life - Criti Care 13 Non-Linked rider (UIN: 111B025V02)

9. Bonus
Simple Reversionary bonus declared every year as a percentage of sum assured
Reversionary bonus once vested (accrued) become guaranteed
A paid-up policy will not participate in any subsequent distribution of profits..
Terminal bonus (if any), will be paid on death, maturity or on surrender
Note: The rate of terminal bonus is a % age of the total amount of bonuses allocated not as a % age of Sum Assured

10. Rider Benefits
Option of 4 riders (Preferred Term Rider, Accidental Death Benefit Rider, Accidental Total & Permanent Disability Benefit Rider and Criti Care 13 Non - Linked Rider)
Riders can be added only at inception
Riders can be cancelled at any time during the policy term without rejoining
Rider Term can not be higher than base policy term
Rider sum assured cannot be greater than base policy sum assured

11. Rider Benefits Rider Type Cover Details Entry Age Max Age for Cover
Term
Sum Assured
Min/Max
Accidental Death Benefit Rider (UIN:111B015V02)
The rider covers death of the life assured due to accident
Min: 18 yrs
Max: 65 yrs
70 yrs
Min: 5yrs
Max: 30yrs
Min: Rs 25,000
Max: Rs 50,00,000
Accidental Total & Permanent Disability Rider (UIN:111B016V02)
The rider covers permanent & total disability due to accident
Preferred Term Rider (UIN:111B014V02)
The rider covers death of the life assured
Criti Care 13 Non - Linked Rider
(UIN: 111B025V02)
If life assured being diagnosed with any of the thirteen diseases
Max: 55 yrs
64 yrs
Min: 5 yrs
Max: 30 yrs
Min: Rs. 25,000
Max: Rs. 20 Lac
Accidental Definition:
Accident is defined as “An accident is a sudden, unforeseen and involuntary event caused by external and visible and violent means.”

12. Criti Care 13 Non - Linked Rider
13 illnesses covered, listed as below
Cancer of Specified Severity
First Heart Attack – of Specified Severity
Open Heart Replacement or Repair of Heart Valve
Coma of Specified Severity
Permanent Paralysis of Limbs
Major Burns
Kidney Failure Requiring Regular Dialysis
Motor Neuron Disease with Permanent Symptoms
Stroke Resulting in Permanent Symptoms
Surgery Of Aorta
Major Organ / Bone Marrow Transplant
Multiple Sclerosis with Persisting Symptoms
Open Chest CABG (Coronary Artery Bypass Heart Surgery)
There is a 90 day waiting period for this benefit

13. Surrender / Paid-up Value
For Regular Premium
3 full years premiums should have been paid,
The sum assured of paid up policies will be reduced under the policy by paid up factors which depend on the number of premiums paid to the total number of premiums actually payable as per the term chosen at inception and survival benefits already paid to the policy holder
The Paid-up Sum Assured along with any vested simple reversionary bonuses including terminal bonus, if any, will be called the ‘Paid-up Value’ of the policy, this paid-up value will be paid on maturity or earlier death of the life assured.
Survival benefit for paid up policy
‘Paid Up Value’ on maturity will be paid in lump sum; No survival instalment would be paid in case of paid-up policy. A paid-up policy will not participate in any subsequent distribution of profits.
Option 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Plan A 93
220 
 340
171 
277 
377 
236 
325 
410  - 
Plan B
 210
 319
267 
359 
235 
316 
392 
290 
358 
423   -
Plan C
371
 103
 204
300 
391 
181 
260 
334 
405 
240 
302 
360 
416 
287 
 336
 384
430 
Plan D
370
 480
 115
209 
298 
382 
461 
193 
324 
385 
442 
243 
292 
339 
384 
427 
280 
 318
354 
390 
424 

14. Surrender Guaranteed Surrender Value (GSV)
For Regular
Will be equal to GSV factors multiplied by the basic premiums paid
The GSV factors :
Plan Option 2 3
4 – 7
8 – 10
11 – 15
16 – 20
21 +
Plan A | B | C | D 0%
30%
50%
55%
60%
65%
70%
Special Surrender Value (SSV)
Will be based on an assessment of the asset share progression at different durations of the policy
GSV or SSV, whichever is higher will be paid

15. Large Sum Assured Discount
The Large Sum Assured rebate is offered as a discount on the basic premium, as per the following slabs:
Sum Assured
Rebate per 1000 of Sum Assured
Regular Premium
Rs. 2 Lacs => SA < Rs. 3 Lacs
Rs.1.00
Rs. 3 Lacs => SA < Rs. 6 Lacs
Rs.2.00
=> Rs.6 Lacs
Rs.3.00

16. Other Provisions Grace Period Suicide Exclusion:
30 days for yearly, half-yearly & quarterly mode
15 days for monthly mode
Suicide Exclusion:
If the Life Assured, whether sane or insane, commits suicide within 12 months from the date of issue of this Policy or the date of any reinstatement of this Policy, the policy will become null and void and no claim will be paid.
However, an amount equal to 80% of the premiums paid will be paid to the nominee in case of suicide within one year from the date of issue of this policy, provided the policy is in force.
And in case of suicide within one year from the date of reinstatement 80% of the premiums paid or surrender value, whichever is higher, will be paid to the nominee.

17. Other Provisions Revival Period Free Look Period
Within 2 years from the date of first unpaid premium
Any reinstatement of rider will be done only along with the base plan
Free Look Period
15 days for policies sourced through any channel mode other than Distance Marketing and 30 days for policies sourced through Distance Marketing
Nomination and Assignment:
As per sec 39 and Sec 38 of The Insurance Act, 1938

18. Tax Benefit
Premiums paid are eligible for deduction under Section 80C of Income Tax Act 1961
Premiums paid towards CritiCare 13 non linked rider are eligible for deduction under Section 80D of Income Tax Act 1961
Maturity & death proceeds are exempt from tax liability under Sec 10(10D) of the Income Tax Act 1961
The tax benefits are subject to change with the change in the income tax laws and for availing the tax benefits, the I.T. guidelines have to be followed

19. Staff Discount
Discount on the tabular premium for staff (where no commission is payable)
A discount of 3.5% of tabular premium for RP throughout the term
For employees, retired employees, VRS holders, minor children and spouse of employees of SBI Life Insurance Co. Ltd, BNP PARIBAS and State Bank of India, Associated Banks, RRBs sponsored by State Bank of India and subsidiaries of State Bank group and BNP PARIBAS group.

20. Commission Commissions applicable to Corporate Agents,
Brokers and Individual Agents
Plan Option
As a % of Premium
Year 1
Year 2 & 3
Year 4+
Plan 1
20% 5%
2.5%
Plan 2
Plan 3
25%
Plan 4
30%
Staff Discount
Applicable for employees, retired employees, VRS holders, minor children or spouse of employees of SBI Life Insurance Co. Ltd, BNP Paribas & State Bank of India, Associated Banks, RRBs sponsored by State Bank of India and subsidiaries of State Bank Group and BNP Paribas Group.
A discount of 3.5% of tabular premium for RP throughout the term

21. KYC Annual Premium & Documentation
Documents to be submitted for adherence to AML & KYC Guidelines as per premium grade
Premium
Documents to be submitted
Up to 10000
Document to establish proof of identity (name)
10001 to 49999
Recent self attested photograph
Residence proof
50000 to 99999
Copy of Pan Card, Form 60 or 61
1 Lac and above
Proof of source of fund

22. AML/KYC Requirements
Features : Type of Contracts
Documents
Insurance Contracts with individuals
Proof of Name (Legal name and any other names used)
Passport
PAN Card
Voter’s Identity Card
Driving License
Letter from a recognized public authority or public servant verifying the identity and residence of the customer (meaning of public authority & public servant separately circulated)
If none of the above documents are available, a personal identification and certification of the concerned of the SBI Life branch employee heading the channel through which the business is sourced for identity of the prospective policyholder along with a photograph of the customer
Job Card issued by National Rural Employment Guarantee Act, duly signed by an officer of State Government.
Where the premium amount exceeds Rs. 10,000/- a self attested recent photograph of the customer has to be submitted with the proposal form

23. AML/KYC Requirements Proof of Residence Documents
Features : Type of Contracts
Documents
Insurance Contracts with individuals
Proof of Residence
Telephone bill (Valid proof of residence provided & not older than 6 months from the date of insurance contract)
Bank account statement (Bank account statement wherein his permanent/ present residence address is available updated up to the previous month)
Letter from any recognized public authority
Electricity bill
Ration card
Valid lease agreement along with rent receipt, which is not more than 3 months old
Proof of existence of Employer (e.g. certificate of incorporation for a Company) and Employers certificate evidencing that proof of residence. (Sole proprietorships certificates will not be accepted)
In case the customer is residing in Rural areas where it may not be possible to obtain the standard address proof, voter id card will be accepted as address proof provided the address mentioned in the proposal form and the Voter Id card are same

24. AML/KYC Requirements
Features : Type of Contracts
Documents
Insurance Contracts with individuals
Alternate Documents towards both Identity and Residence
Current passbook with details of permanent / present residence address (updated up to the previous month)
Current statement of bank account with details of permanent / present residence address (as downloaded) are considered as Proof of Address (PoA) and also Proof of Identity (PoI) provided they are supported by officially valid documents carrying photograph, issued by any regulated entity/ Government, like debit card, credit card, kisan card etc. to all the insurance products

25. What’s Next?