SBI Life ULIP Plans

Retirement Plans

ULIP Plans

Protection Plan

Child Plans

SBI Life – Smart InsureWealth Plus

This SBI Life Insurance plan helps in insurance coverage along with creating wealth. You can easily invest from the 3 strategies- Auto Asset Allocation Strategy, Trigger & Smart Choice Strategy. Along with that, you can go for Systematic Monthly Withdrawal facility.

Entry Age
30 Days to 55 years

Maturity Age
18 to 65 years

Policy Term
10/15/20/25 years

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Level Cover

In this case the insured person is promised the same sum amount throughout the tenure of the death benefit is total sum assured which will be paid as lump sum.

Increasing Cover

In this option the sum assured will be increased every year by 10%. If any unfortunate incident happened with the insured person during policy tenure, the death benefit will be paid which the increased sum is assured at the time of death.

Features and Benefits of SBI Life- e-Shield
- SBI Life- e-Shield is an online plan which means you can buy this plan online and you do not need any documentation for this plan so the documentation charge is excluded.
- You can avail special rebate if the insured person is a female.
- You also avail some offers if you are applying for higher assured sum.
- Tax benefits under section 80C.
- You can choose rider plans which provide additional benefits.
- You can pay the premium regularly during the policy term or as a single consolidated premium.
- You can pay the premium either installment or annually.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	65 years
Maturity Age	–	75 years
Policy Tenure	5 years	30 years
Minimum Sum Assured	35 lakh	No limit

SBI Life – Saral InsureWealth Plus

With the help of this SBI Life Insurance plan, you can easily go for life coverage and can build wealth. SBI Life-Saral InsureWealth Plus offers the flexibility of choosing from 8 fund options based on the risk-taking capacity.

Entry Age
30 Days to 55 years

Maturity Age
18 to 65 years

Policy Term
10/15/20/25 years

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Increasing Term Insurance

With this option the sum assured increases every year 5%. If any unfortunate incident happened to the insured person in the tenure, the death benefit will be increased sum assured at the time of death.

Level Term Insurance

In this case the insured person will be promised the same sum amount through the policy tenure. The death benefit will be the total sum assured and is paid as lump-sum.

Features and Benefits of SBI Life Smart Shield
- Policyholder will be given a tax rebate if he or she chooses a large sum assured.
- If you are a healthy person you will also get some rebate on your premium amount.
- The insured person is also eligible for tax benefit.
- If you choose the riders in your insurance policy your cover will be increased.
- You will also get the accidental death benefit in case the insured person died due to an accident.
- You also can add a rider which ensures comprehensive coverage if you got disability from an accident.
- You can pay the premium either regularly or single consolidated premium.
- If you haven’t pay the premium in a single consolidated installment then you can pay it via monthly, quarterly, half yearly or regularly.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	60 years
Maturity Age	–	65 years
Policy Tenure	5 years	30 years
Minimum Sum Assured	25 lakh	No limit

SBI Life – Smart Wealth Builder

It serves as both insurance coverage policy and savings plan. SBI Life-Smart Wealth Builder offers both maturity and death benefit to the insurer. You can also get tax deduction under Section 10(10D) and Section 80C of IT Act, 1961.

Entry Age
Regular premium- 7 to 60 years Single Premium- 7 to 65 years

Maturity Age
70 years

Policy Term
10/15/20/25 years

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Level Term Protection

The insured person will get the same sum assured throughout the policy tenure. The policy holder’s family will get the death benefit which is the total sum assured and will be paid by lump sum.

Decreasing Term Insurance (Loan Protection)

In this option the decline of every year’s sum assured will be included. If any unfortunate demise happened to the insured person during policy tenure, the death benefit will be decreased sum assured at the time of death.

Features & Benefits of SBI Life Saral Shield
- If you are opting this policy for a female family member you will get some special offers.
- You will also get some rebate if you apply for higher sum assured.
- You will also get tax benefits from income tax act.
- You also can choose riders to increase the comprehensiveness of the plan.
- SBI Life Insurance ensures with the help of riders that ensured will also get comprehensive coverage in case of a permanent disability from an accident.
- You can pay the premium either regularly or single consolidated premium.
- If you haven’t pay the premium in a single consolidated installment then you can pay it via monthly, quarterly, half yearly or regularly.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	60 years
Maturity Age	–	65 years
Policy Tenure	5 years	30 years
Minimum Sum Assured	7.5 lakh	24 lakh

SBI Life- Smart Wealth Assure

This particular SBI Life Insurance ULIP plan offers insurance policy along with market-linked returns. You can enjoy the benefit of SBI Life-Smart Wealth Assure plan with only a single premium payment. This insurance plan can be started at only 8 years old.

Entry Age
For Base Plan : 8 to 65 years For accidental death benefit option 18 to 65 years

Maturity Age
base plan – 75 years Accidental Depth Benefit option- 70 years

Policy Term
10 to 30 years

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Features & Benefits of SBI Life Grameen Bima
- This plan is for lower income customer group.
- This plan is designed to fulfill the requirements of the rural popularity of the country.
- Customers have to give a lower premium amount according to their coverage.
- You do not have to pay any fee for medical test.
- Policyholder has to fill a complete registration form and provide a medical declaration
- The single payment option is only available in this case.
- Death benefit is provided so if any unfortunate incident happened the insured person’s nominee will receive the promise sum assured.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	50 years
Policy Tenure	5 years	–
Sum Assured	Rs. 10,000	Rs. 50, 000
Minimum Installment	Rs. 3,500	No limit

SBI Life- Smart Power Insurance

Under this SBI Life Insurance Plan, you enjoy investment and insurance benefit altogether. You can easily afford SBI Life-Smart Power Insurance plan. Also, this insurance plan offers more flexibility, security, and high liquidity.

Entry Age
18-45 years

Maturity Age
65 years

Policy Term
10/15/30 years

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Features & Benefits of SBI Life – Poorna Suraksha
- If the insured person died during the tenure of policy 100% sum assured is given to the family.
- Also the partial payment of the assured sum can be happen if any critical illness mentioned included by SBI Life Insurance.
- Vast financial security from 36 critical illnesses that can be a huge burden on you.
- The premium amount will be lower if the insured get infected from any listed critical illness.
- Can increase the critical illness cover of up to 15% during the policy term.
- The premium amount won’t get high over the tenure of your policy.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	65 years
Policy Tenure	10 years	30 years
Sum Assured	Rs. 20,00,000	Rs. 2.5 cr

SBI Life – Smart Elite

It is one of the best SBI Life Insurance Plan which offers the best insurance solution to your investment. You can select out of the two protection plan- Platinum Option and Gold Option. Under SBI Life-Smart Elite plan, you can maximize your savings and insure your health.

Entry Age
18-45 years

Maturity Age
65 years

Policy Term
10/15/30 years

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Level Term Assurance

The sum assured is fixed for the entire policy term, it will not increase or decrease during the term.

Increasing Term Assurance

You also can increase the sum assured amount, there are options to increase your sum assured amount by 3%, 5%, and 10%. You can choose option as per your need.

Features & Benefits of SBI Life – eIncome Shield
- This plan makes sure that fixed supply of income stay as it is even after any unfortunate incident.
- You also can take the sum assured as a lump sum amount.
- Death benefits will be paid as monthly basis.
- If you choose the sum assured more than Rs. 1 cr. you will get 20% discount on your premium.
- You also can get discounts if you do not have any smoking habits.
- If the insured person is a female you also can avail discount on it.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	60 years
Policy Tenure	10 years	15 years
Sum Assured	Rs. 35,00,000	No limit

SBI Life- Smart Privilege

Along with life insurance coverage under SBI Life-Smart Privilege, you can build wealth by investing, switching and redirecting your premium between the 8 fund choices. Also, you enjoy tax benefit when you invest in this scheme.

Entry Age
Regular/ Limited Premium- 8 to 55 years Single premium- 13 to 55 years

Maturity Age
18 to 70 years

Policy Term
Regular/ Limited – 10 to 30 years Single Premium Plan – 5 to 30 years

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Features & Benefits of SBI Life – Saral Swadhan+
- You will get the premium back if the insured person survived till the policy term.
- If you choose the policy for 10 years the 100% of premium will be returned.
- 115% premiums are back if you choose policy term more than 15 years.
- 100% of the sum assured if the insured person died.
- Simple process of enrollment
- Lowest premium amount starts from rs 1500 annually.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	55 years
Policy Tenure	10 years	35 years
Sum Assured	Rs. 30,000	4,75,000

SBI Life – Saral Maha Anand

Under SBI Life-Saral Maha Anand plan, you enjoy dual benefits of insurance cover and investment. You can easily go for flexible premium payment. Also, you enjoy death and maturity benefit. So, using this scheme, you can increase your savings and also insure your life altogether.

Entry Age
18 to 55 years

Maturity Age
65 years

Policy Term
10/15/20 years

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Features & Benefits of SBI Life – Saral Swadhan+
- You will get the premium back if the insured person survived till the policy term.
- If you choose the policy for 10 years the 100% of premium will be returned.
- 115% premiums are back if you choose policy term more than 15 years.
- 100% of the sum assured if the insured person died.
- Simple process of enrollment
- Lowest premium amount starts from rs 1500 annually.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	55 years
Policy Tenure	10 years	35 years
Sum Assured	Rs. 30,000	4,75,000

SBI Life – eWealth Insurance

This particular SBI Life Insurance plan provides life insurance coverage and market-linked returns with Automatic Asset Allocation (AAA) feature. During the initial policy year, you get more equity exposure. Gradually, the plan shifts to low-risk investment instruments.

Entry Age
18 to 50 years

Maturity Age
60 years

Policy Term
10-30 years

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Features & Benefits of SBI Life – Saral Swadhan+
- You will get the premium back if the insured person survived till the policy term.
- If you choose the policy for 10 years the 100% of premium will be returned.
- 115% premiums are back if you choose policy term more than 15 years.
- 100% of the sum assured if the insured person died.
- Simple process of enrollment
- Lowest premium amount starts from rs 1500 annually.

Eligibility
Parameters	Minimum	Maximum
Entry Age	18 years	55 years
Policy Tenure	10 years	35 years
Sum Assured	Rs. 30,000	4,75,000

SBI Life is one of the most trusted life insurance companies in India. SBI Life is a joint venture between India’s largest bank State Bank of India and an international company named BNP Paribas Cardif. SBI Life is providing insurance all over the country and offers so many products to its large customer. SBI Life offers life insurance, pension, child plans, investments, and financial savings to their customer.
SBI Life ULIP Plans provide ten plans so their every customer can meet their goals. And ULIP Plans are ideal for long term investment. So here SBI Life offers ULIP Plans so you can get insurance protection and also can receive your investment appetite.

Benefits and Features of SBI Life ULIP Plans

To provide their customer the ultimate benefit of investment SBI Life offer various ULIP Plans to match all their customers financial need. Here are some benefits of SBI Life ULIP Plans.

SBI Life ULIP Plans offers variety of fund options from small cap to large cap for better management of your investments.
Every policies offer a death benefit to the family of policy holder so the policyholder can be tension free even after his/ her death his/her family won’t face much problems.
SBI Life ULIP holders also can enjoy the benefit of maturity, the money can be enjoyed by the both policy holder and his/her family.
In case of accidental death or disability they also provide the additional security.
SBI Life ULIP plans offers tax benefit under section 80C and 10(10D) of the income tax act 1961 on the premium you pay for the insurance and also in the maturity benefit.

FAQ’s of SBI Life ULIP Plans

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