This is a non-participating Online Unit Linked Insurance Plan which provides you with the twin benefits of Life Insurance Cover and Wealth Creation. The plan allows you to avail market linked returns, hassle-free, through its feature – Automatic Asset Allocation (AAA). The AAA feature allows you to enhance the upside potential of your investment during the initial policy years, by taking a higher exposure to Equity and lower the down side potential of your investment as the policy approaches the end of its term; by gradually increasing the exposure to less-risky instruments like Debt or Money Market Instruments.

• Hassle free investment management through Automatic Asset Allocation
• Choice of two plans options - Growth and Balanced, based on overall exposure to Equity, Debt and Money Market instruments, during the Policy Term.
• Premiums starting as low as Rs 10,000 for yearly mode and Rs 1,000 for monthly mode
• No Premium Allocation Charges, thereby enhancing your Fund Value
• Easy and Simple 3 Step Online Buying Process
• Twin benefits of Life Insurance Cover and Market Linked Returns
• Liquidity through Partial Withdrawal(s) from 6th policy year onwards

You can buy this plan online in 3 Simple Steps at www.epolicy.sbilife.co.in:

# Age mentioned in this document is age as on last birthday
*For monthly mode, 3 months premium is to be paid in advance and renewal premium payment is allowed only through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card)..

Step 2: Fill in your online application form
Step 3: Make payment and upload self attested KYC and other documents
SBI Life – eWealth Insurance can be bought only through Online mode by logging into SBI Life Insurance website (www.sbilife.co.in).

There are two plan options available under this product – Growth and Balanced. The Premium is invested in the plan option chosen by you through the ‘Automatic Asset Allocation’ feature.

In the Automatic Asset Allocation feature, the allocations in equity reduce and in debt/Money Market instruments increase, as the Policy Term progresses. The units are allocated depending on the price of units for the funds. The Fund Value is the total value of units that you hold across all the unit-linked funds.

There are two plan options available under this product – Growth and Balanced. Your premiums are invested in the plan options chosen by you.

Under AAA, the assets are re-allocated between Equity Fund, Bond Fund and Money Market Fund, depending on the time remaining to maturity of the policy. With this strategy, as your policy gets closer to maturity, funds flow from riskier assets (Equity) to less risky assets (Debt & Money Market), thereby protecting your investments from any wild short term fluctuations in the equity market.

B. Balanced Plan:

2. Bond Fund (SFIN: ULIF002100105BONDULPFND111): The objective of this fund is to provide relatively safe and less volatile investment option mainly through debt instruments and accumulation of income through investment in fixed income securities.

3. Money Market Fund (SFIN: ULIF005010206MONYMKTFND111): The objective of this fund is to deploy the funds in liquid and safe instruments so as to avoid market risk on a temporary basis.

4. Discontinued Policy Fund (SFIN: ULIF024110411DISCOPOFND111): Fund value (net of applicable discontinuance charges) of discontinued policies is credited to this fund. This is a segregated fund of the Company and created as required by IRDAI .This fund is not offered, as an investment option. The objective of this fund is to achieve relatively less volatile investment return mainly through debt instruments and liquid assets and also accumulation of income through investment in fixed income securities and liquid assets. This fund will earn a minimum guaranteed interest rate of 4% p.a. or as prescribed by IRDAI in the prevailing regulation.

The Company shall select the investments, including derivatives and units of mutual funds, by each fund at its sole discretion subject to the investment objectives for the respective plan and the relevant IRDAI regulations.

Top Ups are not allowed under the plan.

No increase/decrease in premium is allowed under the plan.

No increase/decrease in sum assured is allowed under the plan.

No. Option once chosen, at policy inception, cannot be changed later on during the policy term.

No. Premium redirection is not allowed under the plan.

NAV of the Fund shall be computed as:

The above formula is subject to changes and approval by IRDAI.

In the unfortunate event of death of the Life Assured, while the policy is in-force, Higher of (Fund Value or Sum Assured or 105% of total premiums paid till date of intimation of death) is payable to the beneficiary, as on the date of intimation of death claim to the company. Sum Assured will be reduced to the extent of partial withdrawals made in the last 2 years immediately preceding the death of the Life Assured.

On survival of the Life Assured up to Maturity, the Fund Value shall be paid as a lump sum.

Yes, the maturity benefit can be availed in installments under ‘Settlement’ option, which helps you to get periodic installments of your maturity proceeds within five years from the date of maturity. During the Settlement Period, the Fund Value will remain invested in the funds existing as on the date of maturity. During the Settlement Period, the investment risk will continue to be borne by the Policyholder. No charges except Fund Management Charges will be applicable. Partial Withdrawals and Switching is not allowed during this period.

At any point of time, if you ask for payment of remaining Fund Value the same will be paid immediately. In case of death before the end of the Settlement Period, remaining Fund Value is payable immediately as a lump sum to the Nominee/ Beneficiary (e.g. legal heir).

Payments will be made in the form of yearly, half-yearly, quarterly or monthly installments, as chosen by you. Half-yearly, quarterly and monthly frequency are available only through ECS credit. The first installment will be calculated as the Fund Value as on date of maturity divided by total number of installments based on the chosen frequency and Settlement Period. Each further installment will be calculated as the then available Fund Value divided by number of outstanding installments. The last installment would be the then available Fund Value.

Partial Withdrawals are available from 6th Policy Year onwards for in force policies.

• One free Partial Withdrawal in a policy year is allowed. A charge of Rs. 100 per withdrawal in excess of free Partial Withdrawal will be charged. There is no carry forward of free unused Partial Withdrawal for future policy years.
• A maximum of 2 Partial Withdrawals can be made in one policy year. Not more than 5 Partial Withdrawals are allowed in entire policy term, in case of policy term 10 years and 10 Partial Withdrawals for policy term above 10 years.
• Minimum Partial Withdrawal Amount allowed is Rs.5,000 (in multiple of Rs.1,000). Maximum Partial Withdrawal allowed is up to 15% of Fund Value as on withdrawal request date.
• Partial Withdrawals will not be allowed if Fund Value, as consequence of this withdrawal is reduced to less than 50% of the total premiums paid.

Grace Period for this plan is 30 days of Annual premium payment frequency and 15 days for Monthly premium payment frequency.

On discontinuance of premium, you can either:-
1. Revive the Policy within a period of 2 years from the date of discontinuance. If you choose to revive by paying all due premiums till date, the policy will continue as in-force.
2. Completely withdraw from the Policy
3. Convert the policy into paid-up policy (option available only when 5 years full premiums have been paid)

Company shall send you a notice (stating the above mentioned options) within 15 days from the end of the Grace Period. You will have a time period of 30 days from the receipt of such notice to revert back to the Company. During this period, your Life Cover will continue. Your funds will continue to be invested in the plan option chosen at inception. All charges will continue to be deducted.

If you exercise the option to revive your policy within revival period then:
 If premium is discontinued during first five policy years:
   o Your Fund Value as on that date will be disinvested and credited to Discontinued Policy Fund net of applicable discontinuance charge.
   o If you revive the policy within 2 years time then revival procedure as stated in Revival conditions would be applicable.
   o If you do not revive within the Revival Period then the Discontinuance Fund Value as on the end of Revival Period or the first business day of 6th policy year,       whichever is later, would be paid to you and the contract would be terminated.

 If premium is discontinued after first 5 policy years:
   o During the Revival Period your policy is deemed to be in-force with risk cover as per terms and conditions of the policy. Mortality Charges, FMC, Policy
      Administration Charges would continue to be deducted.
   o If you revive the policy, then the revival procedure as stated in Revival conditions would be applicable.
   o If you do not revive within Revival Period, then the Fund Value as on the end of Revival Period or the date of maturity, whichever is earlier, would be paid to you and
      the contract would be terminated.

If you choose to completely withdraw from the policy during the notice period or
we do not receive any response from you during notice period, then:
 If premium is discontinued during first five policy years
   1. Your Fund Value as on the date of receipt of your option or as on the last day of the Discontinuance Notice Period if no option is exercised, as the case may be,
      will be disinvested and credited to Discontinued Policy Fund net of applicable Discontinuance Charge.
   2. The Fund Value of the Discontinuance Policy Fund as on the first working day of 6th policy year will be paid.
   3. If you die before the payment of Discontinued Policy Value then the same is paid to the Nominee / Beneficiary immediately and the contract would be terminated.

 If premium is discontinued after first 5 policy years:
   1. Your Fund Value as on the date of receipt of your option or as on the last day of the Discontinuance Notice Period if no option is exercised, as the case may be,
      will be paid to you immediately.

You can choose to convert your policy to paid-up subsequent to the discontinuance of premium after 5 years. The life cover would then continue with a lower Sum Assured called ‘Paid-up Sum Assured’. The paid-up sum assured would be equal to the sum assured, as applicable, multiplied by the ratio of total number of premiums paid to the original number of premiums payable as per the terms and conditions of the policy. During the period in which the policy remains paid-up, appropriate Mortality Charges, FMC, Policy Administration Charges would be deducted.

We offer you a Revival Period of 2 years from the date of discontinuance. You can revive your policy, during Revival Period, by paying all due premiums. Revival is subject to the applicable terms and conditions and underwriting acceptance. The underwriting decision would be communicated to you, post which only your cover would re-commence.

 If premium is discontinued during first five policy years
   o If you opt to revive the policy within Revival Period, then the Discontinued Policy Fund will be dis-invested and the Discontinuance Charge, previously deducted,
       would be added back to this dis-invested fund amount. Company will automatically shift the resultant fund in the plan option chosen by you at inception. Units will
       be allocated based on the time to maturity and NAV of respective funds as on the date of such revival. Policy Administration Charges for the period, starting from
       the date of discontinuance will be deducted.

 If premium is discontinued after first five policy years
   o Due premiums paid by you, net of charges would be invested in the plan option chosen by you at inception. Units will be allocated based on the time to maturity
       and NAV of respective funds as on the date of such revival. Policy Administration Charges for the period, starting from the date of discontinuance will be deducted.

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.

 If surrender is requested during the first 5 Policy years, then
   1. The lock-in condition applies.
   2. Your Fund Value after deduction of applicable Discontinuance Charge (if any), will be transferred to the ‘Discontinued Policy Fund’.
   3. You will earn a minimum interest rate of 4% p.a. or as prescribed in the prevailing regulation on this Fund.
   4. Fund Management Charge of Discontinued Policy Fund shall be deducted. No other charges will be deducted.
   5. Life cover will cease to apply.
   6. The Fund Value will be payable on the 1st working day of the 6th policy year.

 If the surrender is requested any time after completion of 5th policy year, then
      Fund Value will be paid immediately.

 Premium Allocation Charge: There are no premium allocation charges under the plan

 Policy Administration Charge:
   Policy Administration Charge of Rs. 45 per month will be deducted throughout the term of the policy. Policy Administrative Charges will be recovered by way of
   cancellation of units at the prevailing unit price on the first business day of each Policy Month.
   The Policy Administration Charge would be subject to maximum of Rs. 200 per month. However, revision of charges would be subject to IRDAI’s prior approval.

 Fund Management Charges:
   A certain fixed percentage of the relevant fund before calculating the NAV on a daily basis will be charged as per the rates below:

 Discontinuance Charge: Discontinuance Charges are expressed as a percentage of Annualized Premium or Fund Value. The year of discontinuance is the policy
    year in which the date of discontinuance falls.

$ Date of Discontinuance of the Policy, shall be the date on which the Company receives the intimation from the Policyholder, about discontinuance of the Policy or surrender of the policy or on the expiry of the notice period of 30 days (as mentioned above), whichever is earlier

 Partial Withdrawal Charges: A charge of Rs.100 is applicable for every partial withdrawal in excess of one free partial withdrawal in same policy year. The charge
    will be recovered from the withdrawal amount and not by way of cancellation of units.

 Mortality Charges: Mortality Charges are deducted on the first business day of each policy month from Fund Value by way of cancellation of units. Mortality
    Charges will be based on your age and Sum at Risk at the time of charge deduction.

 Medical Expenses on Revival: Cost of medical expenses incurred (if any) will be borne by the policyholder through cancellation of units subject to maximum of
    Rs.3,000.

You can review the terms and conditions of the policy, within 30 days, from the date of the receipt of the Policy Document and where you disagree with any of those terms and conditions; you have the option to return the policy stating the reasons for your objection.
We shall refund you the amount arrived as per the following formula:

Fund Value,
Plus the following which are already deducted
(Policy Administration Charges + Mortality Charges + Corresponding Service Tax and Cess)

Minus the following:

(Mortality Charges along with the corresponding Service Tax and Cess, proportionate to the period you were covered + Medical Expenses, if any + Cost of Stamp Duty)

On free-look cancellations, the units of each Fund will be liquidated at the NAV as follows:
   o If the cancellation request along with the Policy Document, etc. received before 3.00 p.m. on any day: Closing NAV of the same day.
   o If the cancellation request along with the Policy Document, etc. received after 3.00 p.m. on any day: Closing NAV of the next business day.
The amount will be paid as a lump sum.

Suicide Exclusion:
If the Life Assured, whether sane or insane, commits suicide, within one year from the date of commencement or from the date of revival, then the policy shall be void. In such event, the fund value as on date of intimation of death to the company shall be payable and all benefits under the policy will cease. Any charges recovered subsequent to the date of death shall be paid back to the nominee along with the fund value.