SBI Life – Smart Fortune Builder (UIN:111L142V01)

An Individual, Unit-Linked, Non-Participating, Life Insurance, Savings Product

Part A
CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY

This document provides key information about Your Policy. You are also advised to go through Your Policy
Document.

Description in Simple Words (Please refer to applicable Policy Policy Clause

Sl. No. Title
Clause Number in next column) Number
Name of the
Insurance Product Part A,
1. and Unique SBI Life – Smart Fortune Builder (UIN:111L142V01) Welcome
Identification Letter
Number (UIN)
Policy
2. Policy Number 3M770714006
Schedule, 1
SBI Life – Smart Fortune Builder is an Individual, Unit-Linked,
Non-Participating, Life Insurance, Savings Product

In this Policy, the investment risk in investment portfolio is borne

Type of Insurance
3. by the Policyholder. The Premium paid in unit linked insurance Cover Page
Policy
policies are subject to investment risks associated with capital
markets and NAVs of the units may go up or down based on the
performance of the fund and factors influencing the capital markets
and the Policyholder is responsible for his / her decisions.
 Instalment Premium: 100000.00
Basic Policy  Premium Frequency: Yearly
Policy
4. Details  Sum Assured:1000000.00
Schedule
 Premium Payment Term: 7
 Policy Term: 15
Maturity Benefit: Fund Value as on the Date of Maturity is
payable as lump sum amount.

Death Benefit: In case of death of the Life Assured during the

Policy Term, when the Policy is In-Force , We will pay the highest
of the following:
 Fund Value as on the date of intimation of the death claim
to the Company or
 Sum Assured less Applicable Partial Withdrawals (APW)#,
if any or
 105% of the Total Premiums Paid^ upto the date of death
Policy
Coverage/Benefits #
APW equals Partial Withdrawals, if any, in the last 2 years Part C & Part
5.
Payable immediately preceding the death of the Life Assured. APW will not D
be applicable in case the Life Assured is Minor (less than 18 years
of age) at the time of death.

^Total Premiums Paid means total of all the premiums received

under the base product including top-ups premium paid, if any.

Other Benefits:
Guaranteed Additions available on completion of specific durations.
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Form No. 687

 SBI Life – Smart Fortune Builder (UIN:111L142V01)
An Individual, Unit-Linked, Non-Participating, Life Insurance, Savings Product
Part A
1 - Investment of Money:
12 Unit linked funds offered as investment choice
1. 16
2 - Premium Redirection:
Unlimited Premium redirections are allowed free of charge,
throughout the Policy Term. The facility is available from 2 nd 2. 12
Policy Year onwards.

3 - Switches: Two Switches are allowed free of charge in a Policy 3. 9

6. Options available
Year. A charge of Rs.100 will be levied per switch in excess of free
Switches in the same Policy Year.

4 - Partial Withdrawal: Available from the 6th Policy Year or on 4. 8

attainment of Age 18 by the Life Assured whichever is later.

5 - Settlement Option: A facility made available to receive the 5. 7

Death Benefit in instalments in accordance with the terms and
conditions of the Policy.
If the Life Assured, commits suicide, within 12 months, from the
Date of Commencement of the Policy or Date of Revival of the
Exclusions (events
Policy, as applicable, We will pay Your Fund Value as on the date
where insurance
of intimation of death of Life Assured and the risk cover under the
7. coverage is not 15.1
Policy will cease.
payable), if any.
Any charges other than Fund Management Charges (FMC)
recovered subsequent to the date of death shall be added back to the
Fund Value as on the date of intimation of death.
is a time of 30 days granted from the Premium Due Date, without
any penalty or late fee, during which time the Policy is considered
8. Grace Period to be In-Force with the risk cover without any interruption, as per 6
the terms and conditions of the Policy.
This is applicable to Regular Pay and Limited Pay policies only.

If You disagree with any of the terms and conditions of this Policy
or otherwise, You have an option to cancel the Policy by sending a
request to Us, stating the reasons for Your objection within the Free
Look Period of 30 days from the date of receipt of the Policy
Document, whether received electronically or otherwise. Upon
Your request and if no claim has been made under the Policy, We
will refund to You the amount arrived as per the following formula:
Fund Value Plus charges already deducted (Premium Allocation
9. Free Look Period 15.1
Charges, Policy Administration Charges, Mortality Charges, if any,
Plus applicable Taxes) Minus (Mortality Charges along with
applicable Taxes, proportionate to the period You were covered
Plus Cost of Stamp Duty, Plus Medical Expenses, if any).

Your request for cancellation of this Policy under the Free Look
Period must reach Your nearest SBI Life Office within a period of
30 days from the date of receipt of the Policy Document.

On Discontinuance of Policy, You can revive the Policy within a

Revival of the
10. period of 3 consecutive complete years from the date of first unpaid 11
Policy
Premium.
 Turn Around Time (TAT) for claims settlement and brief
Claims/Claims procedure: https://www.sbilife.co.in/en/services->Download
11. 19.1, 19.2,
Procedure ‘Turn Around Times’ pdf
19.3

Form No. 687

 SBI Life – Smart Fortune Builder (UIN:111L142V01)
An Individual, Unit-Linked, Non-Participating, Life Insurance, Savings Product
Part A
 Toll free no.: 1800 267 9090 (Customer Service Timing:
24X7)
 Contact details of the insurer:
SBI Life Insurance Company Limited Central Processing
Centre 7th Level (D Wing) & 8th Level, Seawoods Grand
Central, Tower 2, Plot No R-1, Sector - 40,
Seawoods, Nerul Node, Navi Mumbai - 400706
Telephone No. 022-6645 6000 Email : [email protected]
 Link for downloading claim form and list of documents
required including bank account details.
https://www.sbilife.co.in/en/services/download-center/claim-
forms

List of documents required-

 Policy Document
 Valid death certificate from municipal / local authorities
 KYC documents of the Claimant
 Valid Bank Account Proof of the Claimant
 Claimant’s statement and claim forms in prescribed formats
 Hospital records including discharge summary, etc, wherever
applicable
 Any other documents including post-mortem report, first
information report where applicable
 Any other document which SBI Life may call, if found necessary
in support of the claim
 Turn Around Time (TAT): https://www.sbilife.co.in/en/services-
>Download ‘Turn Around Times’ pdf
 Toll free no.: 1800 267 9090 (Customer Service Timing:24X7).
 For any information/ clarification, please contact: Your local
SBI Life service branch:
TIRUPATI, SBI LIFE INSURANCE CO LTD D.NO. 19-
3-13/M, 3RD FLOOR, UPSTAIRS HERO HONDA
Policy Servicing SHOWROOM, RENIGUNTA ROAD, TIRUPATI,
12. CHITTOOR ANDHRA PRADESH India 517501, +91- 19.15
8772280626

 Link for downloading applicable forms and list of

documents required including bank account details.
Various forms are available on SBI Life Website:
https://www.sbilife.co.in/en/services/download-center/Policy-
servicing-forms
 Contact details of Grievance Redressal Officer: SBI Life
Insurance Company Limited Central Processing Centre
7th Level (D Wing) & 8th Level, Seawoods Grand Central,
Tower 2, Plot No R-1, Sector - 40,
Grievances Seawoods, Nerul Node, Navi Mumbai - 400706
13. 20.1
/Complaints Telephone No. 022-6645 6100
Email - [email protected]
 Link for registering the grievance with the insurer’s portal:
https://www.sbilife.co.in/en/grievances
 Contact details of Ombudsman: https://cioins.co.in/ombudsman

Form No. 687

 SBI Life – Smart Fortune Builder (UIN:111L142V01)
An Individual, Unit-Linked, Non-Participating, Life Insurance, Savings Product
Part A

Declaration by the Policyholder

I have received the above and I have read and confirm having noted the details.

Place:
Date:
(Signature of the Policyholder)

Note:
i. Product related documents including the Customer Information sheet are available on Our website
www.sbilife.co.in.
ii. In case of any conflict, the terms and conditions mentioned in the Policy Document shall prevail.

Form No. 687