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SBI Life Insurance Co. Ltd

ULIP Insurance


SBI Life Insurance is a joint venture between the State Bank of India (SBI) and France's BNP Paribas Assurance. SBI Life Insurance is registered with an authorized capital of Rs. 2000 crore and a paid-up capital of Rs 1000 crore. SBI owns 74% of the total capital, the remaining with BNP Paribas Assurance.

State Bank of India has the largest banking franchise in India, along with its seven associate banks. With over 14,500 branches across the country, SBI Life has forged a unique multi-distribution model that includes bancassurance and agency sales, leveraging on the existing SBI infrastructure.

SBI's entrenchment in the banking sector in India means that SBI Life can also effortlessly cross-sell its products with the bank's products such as home, car, and, personal loans.

 

3 Insurance Plan available
SBI Life - Unit Plus II
  • Non-participating Unit Linked Product.
  • Single and Regular Premium Payment mode.
  • Options to choose from five investments funds option - Equity Fund, Bond Fund, Growth Fund, Balanced Fund and Equity Optimizer Fund
  • Guaranteed additions for Regular premium payment option.
  • Accidental Death and Accidental Total Permanent Disability Rider and Critical Illness Rider.
  • Fund value as on the date of maturity is paid off as Maturity Benefit.
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SBI Life - Horizon II
  • Insurance cover along with market linked returns.
  • Automatic Asset Allocation of Funds.
  • Automatic life insurance cover continues.
  • Options to choose from three investment funds - Equity Fund, Bond Fund and Money Market Fund.
  • Free automatic rebalancing of Funds at yearly intervals.
  • At the end of the tenure fund value is paid off as the maturity benefit.
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SBI Life - Unit Plus Elite Plan
  • Limited premium payment option.
  • Options to choose from four investments funds  - Growth Fund, Balanced Fund, Bond Fund and Equity Elite Fund.
  • Cover Continuance Option.
  • Four free partial withdrawals in a policy year. Rs. 100/- per additional withdrawal.

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This Know Your Insurance section covers only those products and sectors that are related to personal finance. The content available here has been collated from existing, publicly available information and are only indicative in nature. They are designed to give the user a general idea of insurers and products. The details given here should NOT be taken as the final word. The user must contact the respective insurer to get full details about any policy or product.

Apnainsurance.com is neither an insurance agent nor an insurance broker. Please consult your personal finance advisor, insurance agent, or broker before taking any decision to buy any insurance product.