Sbi Life vs Sbi Ulip Plans

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  • Multiple sum assured options
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Sbi Life vs Sbi Ulip Plans

COMPANY DETAILS Edit SBI Life Insurance Company

Sbi Life

 Edit SBI ULIP Plans

Sbi Ulip Plans
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

984.63 cr

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Claim ratio

98.83%%

Claim ratio

Minimum Age- 14 year%
Solvency Ratio

Solvency Ratio

1.96

Solvency Ratio

70 years
Branches

Branches

1154

Branches

Annual, half-yearly,
Riders Available

Riders Available

-

Riders Available

10 to 30 years
Policy Term

Policy Term

-

Policy Term

10 to 30 years
Recommended Videos
12 Best SBI Life Insurance Plans

12 Best SBI Life Insurance Plans

Overview

SBI Life Insurance: Overview

SBI Life Insurance Plans are categorized under savings plans, protection plans, wealth creation insurance plans, retirement plans, child plans, money back/income plans, and more, catering to individuals with different financial and protection needs. SBI Life Insurance is a collaboration between the State Bank of India and the French Financial Institution BNP Paribas Cardif. SBI Life Insurance holds a 55.50% stake in the company, and BNP Paribas Cardif owns a 0.22% stake, along with other investors.

SBI Life Insurance Company caters to your insurance needs by offering:

  • Wide range of plans
  • Reliability and trust
  • Ease of purchase
  • Tax benefits
  • Affordable insurance plans

Riders

Riders You Can Avail With SBI Life Insurance Plans

Name of the Rider Benefits
SBI Life Accidental Death Benefit Rider This rider provides an additional sum assured if the policyholder dies within 120 days due to an accident.
SBI Life Accidental Total and Permanent Disability Rider This rider offers the sum assured if the policyholder suffers from total and permanent disability due to an accident.

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SBI Life Insurance

SBI Life Insurance is a leading life insurance company offering multiple solutions, including term plans, child plans, ULIPs, and retirement plans.

SBI Life Insurance Plans Plans

SBI Life Insurance Plans

SBI Life Smart Flexi Term Plus

SBI Life Smart Flexi Term Plus

SBI Life Flexi Smart Plus is a non-linked life insurance plan. This plan offers comprehensive life insurance cover along with investment opportunities...

Unique Features

  • Offers Surrender Benefit
  • Tax Benefits Available
  • 100% Guaranteed Returns

SBI Life Smart Flexi Term Plus (Pros)

SBI Life Smart Flexi Term Plus
  • Guaranteed Bonus
  • Partial Withdrawals
  • Interim Bonus

SBI Life Smart Flexi Term Plus (Cons)

SBI Life Smart Flexi Term Plus
  • No Policy Loan
  • Funds to invest
  • Spouse cover

SBI Life Smart Flexi Term Plus (Other Benefits)

SBI Life Smart Flexi Term Plus
  • Death Benefit
  • Maturity Benefit
  • Tax Benefit

SBI Life Smart Flexi Term Plus (Eligibility Criteria)

SBI Life Smart Flexi Term Plus
  • Minimum entry age - 18 years
  • Maximum entry age - 60 years
  • Minimum policy term - 5 years
  • Maximum policy term - 30 years
  • Maximum sum assured - Rs. 50
  • 000

Term Plan Plans

Term Plan

SBI Life Smart Shield Premier

SBI Life Smart Shield Premier

SBI Life - Smart Shield Premier is a plan designed for individuals who want enhanced financial protection and flexibility. This plan offers comprehens...

Unique Features

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SBI Life Smart Shield Premier (Pros)

SBI Life Smart Shield Premier

SBI Life Smart Shield Premier (Cons)

SBI Life Smart Shield Premier

SBI Life Smart Shield Premier (Other Benefits)

SBI Life Smart Shield Premier

SBI Life Smart Shield Premier (Eligibility Criteria)

SBI Life Smart Shield Premier

SBI ULIP Plans

To cater to your wealth creation needs, SBI offers 8 ULIP plans. Unit Linked Insurance Plans are investment-cum-life insurance policies.

SBI Ulip Plans Plans

SBI Ulip Plans

SBI Smart Elite Plan

SBI Smart Elite Plan

SBI Life Insurance Company offers a range of insurance products, including life, health, motor, and travel insurance. The SBI Life Smart Elite Plan is...

Unique Features

  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Pros)

SBI Smart Elite Plan
  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Cons)

SBI Smart Elite Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Elite Plan (Other Benefits)

SBI Smart Elite Plan
  • Death Benefits
  • Maturity Benefits
  • Fund Switching

SBI Smart Elite Plan (Eligibility Criteria)

SBI Smart Elite Plan
  • Minimum entry age: 18 years
  • Maximum entry age: 60 years
  • Maximum sum assured: 105% of premiums
  • Maximum policy term: 30 years

SBI Ulip Plans

SBI Life Smart Wealth Builder

SBI Life Smart Wealth Builder

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It offers a dual benefit of insurance and inve...

Unique Features

  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Pros)

SBI Life Smart Wealth Builder
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions

SBI Life Smart Wealth Builder (Cons)

SBI Life Smart Wealth Builder
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Life Smart Wealth Builder (Other Benefits)

SBI Life Smart Wealth Builder
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Eligibility Criteria)

SBI Life Smart Wealth Builder
  • Minimum entry age- 7 years
  • Maximum entry age- 55 years
  • Maximum sum assured- 10* Annualized Premium
  • Maximum policy term- 30 years

SBI Ulip Plans

SBI Saral Maha Anand

SBI Saral Maha Anand

SBI Life Saral Maha Anand is a unit-linked, non-participating life insurance product that offers growth opportunities through capital market participa...

Unique Features

  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Pros)

SBI Saral Maha Anand
  • Guaranteed Additions of up to 30%
  • Requires no medical examination
  • Flexibility to choose from 3 fund options

SBI Saral Maha Anand (Cons)

SBI Saral Maha Anand
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Saral Maha Anand (Other Benefits)

SBI Saral Maha Anand
  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Eligibility Criteria)

SBI Saral Maha Anand
  • Minimum entry age - 18 years
  • Maximum entry age - 55 years
  • Minimum sum assured - Rs 10 x AP
  • Maximum sum assured - Higher of 20 x annualized premium
  • Maximum policy term - 30 years

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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