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SBI Life launches Smart ULIP

CHENNAI: SBI Life Insurance Company has announced the launch of unit linked product, Smart ULIP. According to a release, the product provides NAV guarantee of the highest of 168 fortnightly NAVs during the first seven years or NAV at maturity, whichever is higher. In the case of death of the insured during the policy term, the nominee receives the higher of fund value or sum assured. It also offers shorter premium paying term allowing customers to pay premium for a limited period of three or five years. — Corporate Reporter

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