horizon ii plan of sbi

Introduction:
	A unique Unit Linked Pension Plan that will enable you to build a kitty good enough to enable you to spend a peaceful and financially sound Retired life! Horizon II Pension is a safe and a hassle free way to get high returns! Horizon II Pension comes with the unique feature of Automatic Asset Allocation by means of which you truly, don’t need to be an expert to grow your money!
	Key Features:
		Horizon II Pension is the most simple unit linked pension plan; all you need to do is:
		Choose your retirement date, the plan option and the regular premium amount.
		Based on the plan option and the term opted, SBI Life will invest your money in three different funds viz., Equity Pension Fund, Bond Pension Fund and Money Market Pension Fund.
		The funds are invested keeping in mind the term opted for and your money is invested in safer funds as your policy approaches maturity.
		Available with two options:
		Pure Pension
		Pension cum Life Cover
		No medical required to enroll for Pure Pension
		No premium allocation charges from year 11 onwards.
		Save tax u/s 80 CCC (1) of IT Act.
		15 days free look period from the date on which you receive the policy document.
	Product type:
	This is a Unit Linked Pension product.
	Investment Plans available
	Plan A - Dynamic Plan: Here a higher proportion of your money is invested in equity. It is ideal for longer period of terms.
	Plan B - Growth Plan: Here, the investment in equity automatically decreases more rapidly as the funds are put into less risky options. This leads to more balanced approach, hence lower volatility coupled with good returns in long run.
	Benefits
		Retirement Benefit: At vesting age you get a choice to withdraw upto one third of the fund value in lumpsum-tax free as per the current tax law.The remaining amount has to be used by Annuity from either SBI life or from any other Annuity provider.
		Death Benefit:
			Death during the term of policy
			Option I Pure Pension - Fund value is payable to nominee.
			Option II Pension with Life Cover - Fund value plus sum assured after deducting any mortality charges due but not paid during policy year in which death occurs
			Death after Vesting age: Death Benefit depends upon the annuity option chosen.
	What is the policy term?
	Term = Vesting age - Age at entry Min Max 10 Years 52 Years
	Note: Vesting Age = 50 years to 70 years (age as on last birthday)
	Who can buy this product?
	If you are in the age group of 18 to 60(age as on last birthday) you can opt for Horizon II pension plan.
	What is the sum assured?
	For Pure Pension Plan - Nil
	Pension cum Life Cover Plan Age Group 18-35 Age Group 36-45 Age Group 46-60 Min 5 times annualised premium 5 times annualised premium 1.2 Lakhs Max 10 Lakhs 5 Lakhs
	Riders Available
	No Riders are available.
	Three Funds for investments
	Equity Pension Fund:
	Assets Min Max Risk Equity & Equity related instruments 80% 100% High Debt & Money market instruments Nil 20%
	Bond Pension Fund:
	Assets Min Max Risk Debt instruments 80% 100% Low to medium Money market instruments Nil 20%
	Money Market Pension Fund:
	Assets Min Max Risk Debt instruments Nil 20% Low Money Market instruments 80% 100%
	For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.