If NSE price is not available on a particular valuation day, closing price of the secondary exchange i.e. National Stock Exchange (NSE) on valuation day. "Listed equity shares will be valued at the closing price at the primary exchange i.e. The revised equity valuation policy of SBI Life is as follows: has adopted NSE as the primary exchange and BSE as the secondary exchange for valuation of equity shares effective November 26, 2013. If such security is not listed/ not traded on the primary exchange, Insurer shall use the closing price of the secondary exchange. "As stipulated by IRDAI in its circular IRDAI/F&I/INV/CIR/2 dated October 30, 2013, insurer shall select from National Stock Exchange (NSE) and BSE Ltd (BSE) as primary and secondary exchanges and the valuation of equity shares shall be made on the closing price of the primary exchange selected. Also, the policy documents shall stand modified accordingly. Augand confirms that there will be no change in the number of units allotted to policyholders. Please note that SBI Life complies with the above mentioned changes w.e.f. Market Value of investment held by the fund + Value of Current Assets - Value of Current Liabilities & Provisions, if anyĭivided by the number of Units existing on Valuation Date (before creation / redemption of Units) Market value of investment held by the fund +/- Expenses incurred in the purchase/sale of the assets + The value of any current assets + Any accrued income net of fund management charges - The value of any current liabilities less provisions, if anyĭivided by the number of units existing at the valuation date (before any new units are allocated) We wish to inform all our policyholders / beneficiaries that in line with the recent changes introduced by IRDAI, the computation of Net Asset Value for Linked funds stands modified. IRDA/Reg./ dated February 16, 2013, the computation of Net Asset Value for Linked funds stands modified. Please consult your tax advisor for details.Īs stipulated by IRDAI in Annexure 2 of its circular F&I-CIR-INV-173-08-2011 dated J& restated in IRDAI (Linked Insurance Products) Regulations, 2013, Ref. You may visit our website for further details here. You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your Tax advisor for details. ![]() Tax benefits are as per Income Tax Laws & are subject to change from time to time. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.įor more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. Past performance of the Fund Options is not indicative of future performance. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document from the insurer. ![]() is only the name of the insurance company and SBI Life – Smart Privilege is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. The premium paid in Unit Linked policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder is responsible for his/her decisions.SBI Life Insurance Co. ![]() Unit Linked Life Insurance products are different from the traditional products and are subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their future prospects or returns. Unit Linked Life Insurance products are subject to market risks. These are not guaranteed and they are not higher or lower limits of returns. a., are only illustrative scenarios at these rates after considering all applicable charges.
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