SBI LIFE -PRODUCT FEATURES

KEYMAN INSURANCE
Why a keyman policy ? To protect the Corporate against the financial consequences due to the death of a keyman. Keyman policy may be used as a collateral for corporate loans (Shield) To retain Key employees, savings cum protection benefit (Sudarshan) is available to face market demand. Person covered Individuals of Indian Resident Min. & Max. at entry 18 years & 60 years. Maximum Cover Age 65 years. However, if the employee quits the employer for any reason, the policy has to be surrender or fully assign to the employee or to the new employer, if any. Minimum Term 5 years (multiple of 1 year) Maximum Term 25 years Or retirement age, whichever is earlier Minimum Sum Assured Shield: Rs.10,00,000 (then in multiples of Rs. 10,000) Maximum Sum Assured per individual per plan As per the product ceiling, subject to specific ceiling per Corporate: Shield: Sum Assured increases by 5% p.a.: Rs. 10 crore Level cover: Rs. 25 crore Maximum Aggregate Sum Assured per Corporate for all Keymen policies a) 5 times the average net profit of the Company for the past 3 years. b) 3 times the average gross profit of the Company for the past 3 years. Which ever is lower Multiples of the Keyman annual compensation package may be also considered (in case of start-up Companies, Corporate recently created) Surrender Value Shield: It is a pure protection product, therefore there is no surrender value. Premium Frequency Single premium payment mode. Regular premium payment mode: Yearly, half yearly and quarterly Premium Rebates Premium Payment Mode: in %age of premium Single and quarterly No Rebate Half Yearly 1% Yearly 2% Special rebate for women: in %age of premium

Regular premium mode: 5% Single premium mode: 1% High Sum Assured : rebate per Rs. 000 of Sum Assured Sum Assured For Single Premium For Regular Premium Rs. 10 lacs to 14.90 lacs Rs. 1.50 per 000 SA Rs. 0.30 per 000 SA per annum Rs. 15 lacs and above Rs. 2.00 per 000 SA Rs. 0.35 per 000 SA per annum