SBI ULIP Plans
- Explore SBI Life Insurance
- ULIP Plan features and benefits
- Buying and Claim Process
To cater to your wealth creation needs, SBI comes up with 8 ULIP plans. Unit Linked Insurance plans are an investment-cum-life insurance policies. It offers two-fold benefits - investment when the policyholder is alive & post-death benefits to the nominee. Read along to explore more about SBI ULIP Plans.
SBI ULIP Plans ensures to look after your investment needs by offering:
Enjoy life cover along with investment
Option to choose from Multiple Funds
Systematic Monthly Withdrawal
Hassle-free investment management
Minimum Age- 14 year
70 years
10 to 30 years
10 to 30 years
Annual, half-yearly,
Rs 1 lakh to No limit
To cater to the dynamic insurance needs of an individual and their family, SBI ULIP comes with a range of plans. This allows their customers to choose an ideal plan for themselves. The company ensures to offer a plan for everyone.
| Plan | Entry Age | Tenure | Minimum Sum Assured | Unique Features |
|---|---|---|---|---|
| SBI Smart Elite Plan | Minimum Age - 18 years Maximum Age - 60 years | 5 to 30 years | 105% of total premiums |
|
| SBI Life Smart Wealth Builder | Minimum Age - 7 years Maximum Age - 55 years | 5 to 30 years | 10 X Annualized Premium |
|
| SBI Saral Maha Anand | Minimum Age - 18 years Maximum Age - 55 years | 10/15/20 years | 10 × AP |
|
Here is a quick overview of the SBI ULIP Plans listed in the above table.
SBI Life Insurance Company has launched a new life insurance plan named SBI Life Smart Elite Plan that provides financial protection for your better tomorrow.
There are multiple benefits of SBI ULIP Plans. Read below to understand the number of advantages provided by these plans.
SBI ULIP Plans help you grow your money over a period of time. If you invest in these plans you can create a lump sum money for your financial requirements.
This plan comes with a life coverage. In case of the policyholder's demise during the policy tenure, death benefits are paid to your nominee.
You can choose from the multiple funds in which you want your money to be invested.
This plan helps you create wealth with the flexibility of systematic monthly withdrawal.
Avail hassle-free investment management through automatic asset allocation.
| Name of the rider | Benefits |
| SBI Accidental Death Benefit Linked Rider |
At the time of commencement of the insurance plan, you have the option to add Accidental Death Benefit Linked Rider. Under the same, the nominee will get the rider sum assured in case of the death of the life assured due to an accident. |
SBI Insurance company has been serving the finest insurance products to their customers, such as life insurance, health insurance, motor insurance, or...
Unique Features
SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It comes out with a dual benefit of insurance ...
Unique Features
SBI Life Saral Maha Anand is a unit-linked non-participating life insurance product that offers growth opportunities through capital market participat...
Unique Features
Here is the list of documents required to buy SBI ULIP Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
SBI ULIP Plans allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
Visit the official website of PolicyX.com.
Click on the ‘ULIP Plan’ tab under 'Life Insurance' from the top of the menu.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of SBI Life Insurance Company.
Hover on ‘Products’ click on the Individual plan and choose the plan you want to buy.
Click on the ‘buy now’ button and fill in the required details.
Tap on 'next' and select a plan as per your requirements.
Select the cover option you want and make your payment. Once the payment is made, you will get a payment confirmation at your registered email address.
If you have any more queries regarding SBI ULIP Plans ,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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