sbi smart fortune builder plan telugu/sbi smart fortune builder policy details/sbi life ulip 2025

SBI Life - Smart Fortune Builder, an Individual, Unit Linked, Non-Participating, Life Insurance, Savings product is an attempt to meet all your insurance & financial needs through a single product. This product is specially designed for your life goals such as higher education for your children, their marriage, wealth creation for house, foreign travel or providing for old age, etc

Key Features:-
Protection: Life Insurance coverage throughout the policy term
Guaranteed Addition based on the policy term,
No Policy Administration Charge for first 5 years for Regular Pay and Limited Pay Policies
No Premium Allocation Charge from 11 year onwards
Flexibility: Enhanced investment opportunity through 12 varied Fund Options

Life Cover Benefit:-
In case of death of the Life Assured during the Policy Term, provided all due premiums are paid till date of death, the beneficiary will receive the highest of the following:
Your Fund Value as on the date of intimation of the death claim to the Company or
Sum Assured less Applicable Partial Withdrawals (APW) or
105% of the Total Premiums Paid

Maturity Benefit:-
On survival of the Life Assured up to maturity provided the policy is in-force, the
Fund Value as on the date of maturity shall be payable in lump sum.

Switching Option:-
You can switch your investments among the available 12 funds to suit your changing investment needs at any point of time during the policy term and also during the settlement period.
Minimum switch amount is `5,000.
Two switches are allowed free of charge in a policy year.
A charge of `100 will be levied per switch in excess of free switches in the same policy year.
Unused free switches cannot be carried forward to the next policy year.

Partial Withdrawals:-
Partial withdrawals are allowed only after, completion of locking period i.e. from the 6 policy year onwards or on attainment of age 18 by the life assured whichever is later..
From sixth policy year onwards, one free partial withdrawal in a policy year is allowed. A charge of `100 per withdrawal in excess of free partial withdrawal will be charged.
There is no carry forward of free unused partial withdrawal to the next policy years.
A maximum of two partial withdrawals can be made in one policy year and not more than 10 partial withdrawals are allowed during the entire policy term.
Minimum Partial withdrawal amount allowed is `5,000 (in multiple of `1,000).Maximum Partial withdrawal allowed is up to 15% of Fund Value

Charges under the Plan:-
Charges such as Premium Allocation Charge, Policy Administration Charge, and Fund Management Charge are applicable.Discontinuance charges,
Mortality Charge
Switching Charge
Partial Withdrawal Charges.

Free Look Period:-
You have free look period of 30 days beginning from the date of the receipt of the policy document, whether received electronically or otherwise, to review the terms and conditions of the policy.

Grace Period:-
Grace period of 30 days would be allowed for payment of yearly premiums.

Revival:-
We offer you a revival period of 3 consecutive complete years from the date of first unpaid premium, during which you can revive your policy, by paying all due premiums without any interest or fee.

Surrender:-
You can surrender your policy at any time during the policy term. Once policy is surrendered there will be no option to revive the policy.

Grievance Redressal:-You can approach us through below touch points.
Toll-free number: 1800 267 9090 (24X7).
By sending email on [email protected].
Submit your grievance through digital form available on website / Customer Service App(Smart Care)
You may approach any of our office.

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