SBI Life ULIP Plans

investment

SBI Life ULIP Plans: Brief Overview

One of the most reliable insurance companies in the country, SBI Life was established in 2001. The company has provided insurance services to many millions of families. Through the ULIPs, the company encourages a culture of regular and systematic savings, no matter how small. With the aim of making insurance accessible to all, the company has launched many ULIPs in the market. 

Features of SBI Life ULIP Plans

Name Of PlanEntry AgePolicy Term
SBI Life eWealth Insurance Plan

Minimum: 5 years

Maximum: 50 years

10 to 30 years
SBI Life Smart InsureWealth Plus Plan

Minimum: 30 days 

Maximum: 55 years

10/ 15/ 20/ 25 years
SBI Life  Saral InsureWealth Plus Plan

Minimum: 30 days

Maximum: 55 years

10/ 15/ 20/ 25 years
SBI Life Smart Wealth Builder Plan

Minimum: 7 years

Maximum: 55 years

5 years to 30 years (Depends on the plan selected)
SBI Life Smart Wealth Assure 

Minimum: 8 years

Maximum: 60 years

10 to 30 years
SBI Life Smart Power Insurance

Minimum: 18 years

Maximum: 45 years

10 years to 30 years
SBI Life Smart Elite

Minimum: 18 years


 

Maximum

For Limited Premium: 55 years

For Single Premium: 60 years

5 years to 30 years (Depends on the plan selected)
SBI Life Smart Privilege 

Minimum:

For Limited/Regular Premium: 8 years

For Single Premium: 70 years


 

Maximum: 55 years

5 years to 30 years (Depends on the plan selected)

Benefits of Buying SBI Life ULIP Plans

  1. Growth Potential
    When you invest your hard-earned money in SBI ULIPs, you will have a much better chance of growing your money. These plans have fetched excellent payouts and NAVs. 

     
  2. An Excellent Combo 
    ULIPs offer you the best combination of Insurance and Investment. With the right plan, you can not only fulfil your financial goals but also keep your family protected in case of a mishap.

     
  3. Invest as per Your Portfolio
    Whether you are looking for a low-risk investment or are ready to experiment with high-risk options, SBI ULIPs cater to all kinds of investors.

     
  4. Liquidity
    After the lock-in period of 5 years is over, you can make a partial withdrawal to deal with any unforeseen expenses. The amount of withdrawal and the charges depend on the plan selected. 
     
  5. Long Term Savings
    When you make a commitment to a ULIP, you inculcate the habit of regular and systematic savings. Even with small amounts of money, over the years you would be able to build a corpus. 
     
  6. Tax Benefits
    According to the current tax laws, the premiums that you pay towards the SBI Life ULIPs, up to INR 1.5 lakhs, will be eligible for a tax rebate under Section 80C  of the Income Tax Act, 1961. The Death/ Maturity Benefit is also exempted under Section 10 (10D).

     
  7. Affordable 
    With premiums as low as INR 2,000, you can enjoy the benefits of these extremely affordable plans. Most plans also do not have an allocation charge. 

     

 

Most Popular SBI Life ULIP Plans

  1. SBI life eWealth Insurance Plan
    This unit-linked insurance plan is an online plan, which makes it very easy to purchase. You can enjoy trouble-free management of your investment through Automatic Asset Allocation. This is a very affordable plan that comes with a monthly premium of INR 2,000. You also have the choice of 2 plan options. 

     
  2. SBI Life Smart InsureWealth Plus Plan
    With this disciplined saving plan, you can invest your hard-earned money in a way that suits your risk-taking desire. The plan offers a lot of flexibility in terms of investment strategies and funds. The plan comes with an EMI option that helps you in investing a certain amount monthly, which gradually builds up a corpus.  

     
  3. SBI Life Saral InsureWealth Plus Plan
    This is also an EMI plan where you pay an Easy Monthly Insurance for a life cover. Along with a systematic investment, you can also ensure the well-being of your loved ones. In case of a mishap tomorrow, they will be covered financially. You can also avail the benefit of loyalty additions.

     
  4. SBI Life Smart Wealth Builder Plan
    An individual non-participating unit-linked life insurance plan, Smart Wealth Builder offers guaranteed additions. With the benefit of life cover, it gives you an enhanced opportunity of investing in multiple funds. The plan also provides liquidity in the form of partial withdrawals from the sixth year onwards. 

     
  5. SBI Life Smart Wealth Assure
    If you wish to make a long-term investment without the hassle of making premium payment year after year, then SBI Life Smart Wealth Assure is probably the perfect solution for you. The plan allows you to gain market-linked returns along with the protection of a life cover. 

     
  6. SBI Life Smart Power Insurance
    You can opt for the Smart Power Insurance with affordable premiums and get the double benefits of ULIPs. The plan comes with a lot of advantages such as “Trigger Fund Option” and Accelerated Total and Permanent Disability Benefit. Suffice your growing liabilities and also protect the future of your loved ones. 

     
  7. SBI Life Smart Elite
    The Smart Elite plan has been specially crafted for the high net-worth individuals who wish to maximise their savings. You can expect higher returns and also have greater control over investment management. There is also the option of making a single premium payment for the whole of the policy. 

     
  8. SBI Life Smart Privilege
    SBI Life Smart Privilege is a unit-linked insurance plan that is well-suited for people with ultra-high net worth. You can enjoy loyalty additions on a regular basis. The plan offers 11 investment funds, you can pick or switch between any. Along with multiplying your investments, you can also secure the future of your loved ones.
     

Insight on SBI Life ULIP Plans

In a ULIP, a specific part of the premium is placed for providing life cover while the other part is used in the capital market, which fetches you capital returns. SBI Life ULIPs thus give you the power to protect your family’s future and to fulfil your long-term goals. These plans also come with the benefit of flexibility and let you customise your investment as per your risk appetite. 

SBI Life ULIP Plans - FAQs
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