SETUBANDHAN

1. SETUBANDHAN Single premium policy Guaranteed returns: 5% p.a. for 5 or 10 years

2. SETUBANDHAN For NRIs, Indian residents SETUBANDHAN: An investment policy + Critical Illness rider as an option.

3. SETUBANDHAN: • SETUBANDHAN for NRIs/Indian residents: • A single premium policy • With Critical Illness rider (yearly premium) SETUBANDHAN an Indian rupees policy. Benefits can be freely rapatriated in foreign currency at the prevailing exchange rate if premium is remitted from abroad or debited from the NRE account

4. SETUBANDHAN • Age at entry: Min.: 18 yrs - Max.: 65 yrs • Sum Assured: • Min.: Rs. 3 lakh ( x Rs. 50,000) • Maximum: Rs. 1 crore • Single premium • 2 terms available: 5 years or 10 years • Guaranteed Addition: 5% p.a. (simple) • 6 Critical Illnesses rider as an option (yearly premium): • 18 to 35 yrs: Rs. 3 lac or Rs. 5 lac • 36 to 45 yrs: Rs. 3 lac NON PARTICIPATING POLICY FOR N.R.I. & INDIANS

5. In case of death • Nominee will receive: • Sum Assured + Guaranteed Additions @ 5% p.a. till date of death. EASY TOUNDERSTAND

6. Maturity benefit • Policy holder will receive: • Sum Assured. + Guaranteed Additions @ 5% p.a. • Maturity Benefit for 5 years term: • Sum Assured increased by 25% • Maturity Benefit for 10 years term: • Sum Assured increased by 50% EASY TO CALCULATE

7. SETUBANDHAN: Premium rate • Same premium rate irrespective of age: • 5 years term: • Rs. 1,019/- per ‘000 S.A. • 10 years term • Rs. 996/- per ‘000 S.A. • Rebate for High S.A. • Rs. 5 lac upto Rs. 9.5 lac • Rs. 1.00 per ‘000 S.A. • Rs. 10 lac upto Rs. 24.5 lac • Rs. 4.00 per ‘000 S.A. • Rs. 25 lac and above • Rs. 7.00 per ‘000 S.A. No rebate on Critical Illness rider

8. Examples of Single Premium amount Same premium rate irrespective of age!

9. Examples of Single Premium amount Same premium rate irrespective of age!

10. TAX ADVANTAGES Tax Rebate U/s 88 of IT Act Made Easy…………… ·Available for Premium Paid on Life Insurance Policies (Max. 20% S.A.) ·Policy can be in the name of Spouse or Children(Major or Minor & MarriedDaughters) ·Ceiling for Life Insurance Premium Paid:Rs.70,000 Death benefits are tax-free in the hands of the nominee/assignee.

11. SETUBANDHAN medical selection

12. Medical selection No medical requirement for the basic cover Sum Assured: Rs. 3 lac upto Rs. 1 crore Age at entry: 18 yrs – 65 yrs No medical questionnaire, no family background

13. Premium calculation for basic cover • Use premium rates per ‘000 S.A. for 5 years (Rs. 1,019) or for 10 years (Rs. 996) • Deducte the rebate for high value policy • Apply this %o premium rate net of rebate to the basic Sum Assured. EASY TO CALCULATE

14. Mr. Ravi: 32 yrs Term 10 years Sum Assured: Rs. 51 lac Calculation process 10 years premium rate per ‘000 S.A. = Rs. 996 per ‘000 S.A. High value policy rebate for S.A. Rs. 51 lac =Rs. 7.00 per ‘000 S.A Premium rate net of rebate (1) – (2): =Rs. 989 per ‘000 S.A. Single premium amount = (Rs. 989 x Rs. 5,100 = Rs. 50,43,900/- An illustrative example

15. Try by yourself … • Mrs. Test : 35 yrs • Term 5 yrs • Sum assured : Rs 6 lac Single Premium: Rs. 6,10,800

16. Mrs. Test: 35 yrs Term 5 yrs Sum Assured: Rs. 6 lac Calculation process Use 5 years premium rate: = Rs. 1,019 per ‘000 S.A. High value policy rebate: =Rs. 1.00 per ‘000 S.A. Premium rate net of rebate: Rs. 1,019 – Rs. 1.00 = Rs. 1,018 per ‘000 S.A. Single Premium amount: (Rs. 1,018 x Rs. 600 =Rs. 6,10,800 An illustrative example

17. SETUBANDHAN: SURRENDER VALUE • For 5 years term: • For 10 years term

18. SETUBANDHAN: Liquidity • You can ask for the surrender value from the 2nd year onwards: • Policy ends immediately Or, • Based on the surrender, any State Bank Branch, may sanction a loan with an attractive rate of interest (PLR State Bank + 1%). • Policy is assigned to the branch

19. SETUBANDHAN Critical Illness rider .

20. CRITICAL ILLNESS RIDER Min. Age at entry: 18 years Max. Age at entry: 45 years Max. cover age: 55 years Duration: 5 years or 10 years (should not exceed the term of basic cover) Sum Assured: 18 to 35 yrs: Rs. 3 lac or Rs. 5 lac (should not exceed the basic cover) 36 to 45 yrs: Rs. 3 lac Premium: Gender, Age, Duration, amount of cover. Premium rate: • valid only upto 31st March 2008 • SBI Lifereserves the right to revise the premium thereafter. If Critical Illness cannot be considered without medical: The policy will be issued without C.I. cover – Premium paid towards CI cover will be refunded

21. CRITICAL ILLNESS RIDER • 6 critical illnesses: • Cancer (malignant) including leukaemia (see) • Coronary Artery Bypass Surgery (see) • Heart Attack (see) • Kidney Failure (see) • Stroke (see) • Major Organ Transplantation (see) Available at entry time only

22. CRITICAL ILLNESS benefits Exclusion period 6 months. • When a critical illness is diagnosed: • Policyholder informs SBI Life within 30 days • S.A. under this rider is payable if the policyholder survives for more than 30 days. • No more benefits will be payable from this rider. • Policy still continues for the basic cover. • Survival benefit: • No survival benefit No bills to submit: On diagnosis, S.A. for C.I. will be paid

23. Yearly Premium for Critical Illness rider • For Rs. 3 lakh of Sum Assured Premium rate is guaranteed upto 31st March 2008

24. SPECIFIC TAX ADVANTAGEu/s 80 D of I.T. Act, if applicable • Premium paid for critical illness rider is deductiblein respect of medical insurancepremia from the annual income chargeable to tax up to a maximum amount of Rs. 10,000.

25. SBI Life SETUBANDHAN 15 days Money BackGuarantee If a client is not satisfied with the features of the policy, he can return it within 30 days of the date of policy Premium will be refunded after deducting stamp duty amount + Rs. 200 for administrative expenses + medical cost,if any.

26. Not available for NRI living in • All sub-Saharan African countries • Except South Africa and Kenya • All Central and South American countries • Afghanistan, Algeria, Iraq, Iran, Myanmar, North Korea, Cambodia, Laos, Kazakhstan, Turkmenistan, Tajikstan, Azerbaijan, Uzbekistan, Georgia, Armenia

27. Commission • For Setubandhan: • 2% of the (single premium)

28. Plus of Setubandhan • Easy to understand: • 2 term available: 5 years and 10 years • Sum Assured from Rs. 50,000 upto Rs. 1 crore • Same premium rate irrespective of age (18 to 65) • Critical Illness rider as an option • Easy to sell: • Guaranteed rate of returns for 5 years or 10 years: 5% p.a. • No medical examination, guaranteed acceptance for basic cover.

29. THANK YOU

30. CANCER • A malignant tumour characterized by the uncontrolled growth and spread of malignant cells and invasion and destruction of normal tissue. The diagnosis must be histologically confirmed. The term cancer includes leukaemia but the following cancers are excluded: • All tumours which are histologically described as pre-malignant, non-invasive or carcinoma in situ; • All forma of lymphoma in the presence of any Human Immuno deficiency Virus; • Kaposi’s Sarcoma in the presence of any Human Immunodeficiency Virus; • Any skin Cancer other than invasive malignant melanoma • Non life threatening Cancers, such as Prostatic Cancers which are histologically described as TNM classification T1 or are of another equivalent or lesser classification • (back)

31. Coronary Artery Bypass Surgery The actual undergoing of open chest surgery for the correction of two or more coronary arteries, which are narrowed or blocked, by coronary artery bypass graft. Angiographic evidence to support the necessity of the surgery will be required. Angioplasty and/or any other intra-arterial procedures are excluded from the cover . (back)

32. Heart Attack • Means the death of a portion of the heart muscle arising from inadequate blood supply to the relevant area. The diagnosis shall be supported death of a portion of the heart muscle arising from inadequate blood supply to the relevant area. The diagnosis for this will be evidenced by all of the following criteria:shall be supported if all three of the following five criteria are present: •   History of typical chest pain • Confirmatory new electrocardiogram (ECG) changes, • Elevation of infarction specific enzymes. • Non –ST segment elevation myocardian infarction (INSTEMI) with elevation of Troponin I or T is excluded.(back)

33. Kidney Failure End stage renal failure presenting as chronic irreversible failure of both kidneys to function, as a result of which either regular renal dialysis or renal transplant is undertaken. Evidence of end stage kidney disease must be provided and the requirement for dialysis or transplantation must be confirmed by a consultant physician. (back)

34. Stroke Any cerebrovascular incident producing neurological sequelae lasting more than 24 hours and including infarction of brain tissue, haemorrage and embolisation from an extracranial source. Evidence of permanent neurological damage must be confirmed by a neurologist at the earliest 6 weeks after the event and no claims can be admitted earlier.Cerebral symptoms due to migrain, cerebral injury resulting from trauma or hypoxia and vascular disease affecting the eye or optic nerve as well as ischaemic disorders of the vestibular system are excluded. (back)

35. Major Organ Transplant The actual undergoing as a recipient of a transplant of a heart, liver, lung, pancreas or bone marrow as a result of chronic irreversible failure. Evidence of end stage disease must be provided and the requirement for transplantation must be confirmed by a consultant physician. (Back)