SBI Life Swarna Ganga

(UIN: 111N006V02)

(1)

Scheme Characteristics Group Savings Linked Insurance Scheme All full-time Employees and their Spouse Voluntary Cover for one-year renewable term 18 years (age last birthday) 59 years (age last birthday) 1 years 30 years 60 years (age last birthday) 50 members Payment being made separately (along with the savings contribution) Regular Monthly 15 days The life insurance cover will cease on the earliest of: Expiry of the policy term, The date the member attains his/her 60th last birthday, The date a death claim has been admitted, The date the member ceases to be a member of the group as defined in master policy, On expiry of the grace period, On termination of the master policy.

Product Type Member to be covered Type of Scheme Type of Life Insurance Cover Minimum age at entry Maximum age at entry Minimum Policy Term Maximum Policy Term Maximum Maturity Age Minimum group size during first year Life Cover Risk Premium Payment Contribution Payment Frequency Payment Mode Grace Period End of life insurance cover

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Natraj, M.V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069

(2)

Benefits Maturity Benefit (i) Maturity benefit at the end of policy term: Savings component along with accrued interest would be payable to the member. (ii) On termination of the membership due to any other reason: Savings component along with accrued interest would be payable to the member. Death Benefit On death of the insured member, the basic sum assured plus savings component along with accrued interest would be paid on death due to any reason. Accident and Total Permanent Disability Rider Benefit On death due to accident of the insured member, the rider sum assured plus the basic sum assured plus savings component along with accrued interest would be paid. On total and permanent disability due to accident of the insured member, the rider sum assured plus savings component along with accrued interest would be paid. (3) Insurance Cover start Date

The insurance cover of the member will commence from the date of acceptance of proposal which is subject to receipt of contribution and life cover risk premium. (4) (i) Basic Sum Assured Insurance Cover for Employee: The cadre-wise basic sum assured is as follows:

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Natraj, M.V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069

Employee Cadre Sub Staff Award Staff Officers (ii)

Basic Sum Assured (`) 2,00,000 4,00,000 6,00,000

Insurance Cover for Spouse: The employee can choose to cover his / her spouse for a basic sum assured equal to his / her life insurance cover. The insurance cover for spouse will not exceed the insurance cover for the employee at any point of time.

(5) Rider Sum Assured: The rider sum assured for a member would be same as the basic sum assured for the member. (6) Life Cover Premium Rates:

Monthly premium rates (exclusive of service tax) for a sum assured of INR 1 Lac would be as follows: Age Band (last birthday) Fro To m 18 26 36 46 51 56 25 35 45 50 55 59

Monthly risk premium amount for death benefit and rider benefit (`) 24.00 30.00 36.00 40.00 48.00 58.00

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Natraj, M.V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069

(7)

Monthly Contribution

The monthly contribution for respective basic sum assured is as follows: Basic Sum Assured (`) 2,00,000 4,00,000 6,00,000 Monthly Contribution (`) 200.00 400.00 600.00

(8)

Monthly Contributions Break-up:

The break-up of monthly contribution would be as follows: (i) Employee or Spouse falling in category of Monthly Contribution of ` 200 Age Band (last birthday) Fro m 18 26 36 46 51 56 To Monthly risk premium amount for death benefit and rider benefit (`) 48.00 60.00 72.00 80.00 96.00 116.00

Service Tax* on risk premiu m (`) 5.00 7.00 8.00 9.00 10.00 12.00

Balance Contributi on towards savings (`) 147.00 133.00 120.00 111.00 94.00 72.00

25 35 45 50 55 59

Page 4 of 7 SBI Life Insurance Company Limited ( www.sbilife.co.in )

Natraj, M.V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069

(ii) Employee or Spouse falling in category of Monthly Contribution of ` 400 Age Band (last birthday) Fro m 18 26 36 46 51 56 To Monthly risk premium amount for death benefit and rider benefit (`) 96.00 120.00 144.00 160.00 192.00 232.00

Service Tax* on risk premiu m (`) 10.00 13.00 15.00 17.00 20.00 24.00

Balance Contributi on towards savings (`) 294.00 267.00 241.00 223.00 188.00 144.00

25 35 45 50 55 59

(iii) Employee or Spouse falling in category of Monthly Contribution of ` 600 Age Band (last birthday) Fro m 18 26 36 46 51 56 To Monthly risk premium amount for death benefit and rider benefit (`) 144.00 180.00 216.00 240.00 288.00 348.00

Service Tax* on risk premiu m (`) 15.00 19.00 23.00 25.00 30.00 36.00

Balance Contributi on towards savings (`) 441.00 401.00 361.00 335.00 282.00 216.00

25 35 45 50 55 59

* Service tax is currently charged @ 10.30% and would be is subject to change with the tax laws.
Page 5 of 7 SBI Life Insurance Company Limited ( www.sbilife.co.in )
Natraj, M.V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069

(9) The life cover premium rates are the annually renewable premium rates. The new rates would be effective from the policy anniversary of the master policy. However it will take effect for the members from their respective anniversary of joining dates. (10) Cover would be subject to satisfactory Declaration of Good Health to be submitted by members on entry. (11) In case a members monthly contribution due is not received within the grace period, the life insurance cover for the member would lapse. The life insurance cover could be reinstated within 2 years from the date of lapse of the cover. (12) On change of cadre of an employee due to promotion or any other reason, the revised sum assured for the member (employee and spouse) would be effective on payment of the premium applicable for the revised sum assured. (13) The interest on the savings would accrue up to the date of death or maturity or termination of membership as applicable. (14) On termination of the membership for the employee due to any reason, the membership for the spouse would automatically terminate and the fund along with the accrued interest applicable for the spouse would be paid. (15) Death benefit sum assured or the Rider sum assured would only be paid if the cover is in-force. In case of lapsed covers, only the savings component along with the accrued interest would be payable. (16) Exclusions for Death Benefit: Death due to suicide would not be covered during the first year of cover of the insured member. (17) Exclusions for the Accident and Disability Total and Permanent Disability Rider Benefit: The Company shall not be liable to pay the rider benefit, if the death or the disability of the insured member shall, i) be caused by intentional self injury, attempted suicide, insanity or immorality or whilst the insured member is under the influence of intoxicating liquor, drug or narcotic; or,
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Natraj, M.V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069

ii)

iii)

iv) v)

take place as a result of accident while the insured member is engaged in aviation or aeronautics in any capacity other than that of a fare-paying, part-paying or non-paying passenger in any air-craft which is authorised by the relevant regulations to carry such passengers and flying between established aerodromes, the insured member having at that time no duties on board the aircraft or requiring descent there from; or, be caused by injuries resulting from riots, civil commotion, rebellion, war (whether war be declared or not), invasion, hunting, mountaineering, steeple chasing or racing of any kind; or, result from the insured member committing any breach of law; or, arise from employment of the insured member in the armed forces or military service of any country at war (whether war be declared or not) or from being engaged in police duty in any military, naval or police organisation.

Page 7 of 7 SBI Life Insurance Company Limited ( www.sbilife.co.in )

Natraj, M.V. Road and Western Express Highway Junction, Andheri (East), Mumbai 400 069