SBI Life Insurance Plans in India

SBI Life Insurance Unit Linked Plans

Unit linked plans are meant for those people who want to invest in life insurance but still have a
bit of an appetite for risks on investments. These plans use a part of the premium to provide
insurance cover while the remainder is invested in the market. The plans offered under this
scheme are:

SBI Life Smart Wealth Builder :This is a non-participating unit linked life insurance plan
that has been designed to make sure that you can invest as much as you can afford and still
manage to watch your wealth grow. The design of the scheme offers policyholders the
flexibility to decide their premiums, the policy tenure and even the mode of payment of
premiums.
SBI Life Smart Wealth Assure :This too is a non-participating ULIP which offers
investors the advantages of a life insurance policy and an opportunity to invest in the markets
via various funds to help their wealth grow. It is a single premium payment scheme that allows
for partial withdrawals that can be used to meet financial obligations that may arise at a later
stage.
SBI Life Saral Maha Anand :The Saral Maha Anand scheme is a unit linked, nonparticipating life insurance plan which allows you to invest in accordance with your appetite for
risk. It even lets you decide how much insurance you want to cover yourself which is subject to
certain min and max amounts.
SBI Life Smart Scholar:This is a ULIP that is aimed at those who want to make sure that
the needs of their families are taken care of even if they are not around. It offers the beneficiary
the benefit of the payment of the sum assured under the policy and a waiver of premiums so
that policy remains in force even in the unfortunate event of the death of the policyholder.
SBI Life Smart Elite:This is unit linked policy that offers life insurance cover of 7 to 10
times the annual premium paid. It also allows for premiums to be paid under the single pay
scheme. The benefits of this policy include the option to increase or decrease the insurance
cover and cover for accidental death or accidental total permanent disability.
SBI Life Smart Power Insurance:This ULIP offers investors life insurance cover and
investment opportunities at affordable premiums. It also offers liquidity options by letting
investors make partial withdrawals and a choice between a level cover or an increasing cover
scheme.

SBI Life Insurance Child Plans

If you have children then there is no doubt that you have thought about their future and how you
can provide for them in the unfortunate event that you are not around. To address such concerns
the following plans are offered

SBI Life Smart Champ Insurance:This is a life insurance policy that can be taken to
make sure that the future of your child is secured against all eventualities. This plan offers
investors benefits like lump sum payments in 4 installments once your child attains the age of
18 years, waiver of premiums and the opportunity to pay the premium in one go.

SBI Life Smart Scholar:This insurance plan offers a double death benefit of the
payment of the sum assured and a waiver of the remaining premiums. It also offers accidental
death and total permanent disability benefits along with partial withdrawal benefits.

SBI Life Insurance Pension Plans

The fact of life is that you are not going to be working for the rest of your life. So what happens to
your income when you do stop working? The best way to answer that question is to go in for
pension plans like:

SBI Life Saral Pension :Its never too late to put something aside for retirement and that
is why this plan offers investors guaranteed simple reversionary bonuses, maturity bonus
which is the sum assured plus the simple reversionary bonus plus terminal bonus if any. This
plan can also be associated with various riders that help enhance the life insurance cover
provided.
SBI Life Retire Smart :This is a non-participating unit linked pension plan that invests
your money into various funds and guarantees a minimum return of 101% of all premiums
paid. It also offers boosted fund value through additions of up to 210% of the annual premium
paid subject to certain conditions.
SBI Life Annuity Plus :The Annuity Plus is a non-participating immediate annuity plan
that offers the insured a regular income from the age of 40 years with the option to choose the
frequency of annuity payouts. This plan can also be enhanced by purchasing the accidental
death rider. The plan also offers a return of premium or a return of balance premium options.

SBI Life Insurance Protection Plans

Protection plans can be term plans that make sure that, even if you are not there anymore, your
familys financial future is secure. The protection plans offered by SBI are:

SBI Life Smart Shield This is a term plan that offers a large sum assured for a nominal
premium. It can also be coupled with various rides that enhance the cover this plan provides. It
also includes rewards for leading a healthy life. The plan can also be taken as level or
increasing term assurance or decreasing term assurance to secure a loan you may have
taken.
SBI Life Saral Shield : This is a traditional term insurance plan that can be taken to
ensure that in the unfortunate event of your death, your family is well taken care of. This plan
features single premium payment and regular payment options and can be enhanced by the
addition of certain riders.
SBI Life eShield :This is a non-linked and non-participating term plan that has, as its
main feature, the option to purchase the life insurance plan online.It too offers rewards for
leading a healthy life and accidental death benefits. It is a plan that will offer your family
financial security for premiums that are very affordable. This plan is offering 1 crore life cover.
SBI Life Grameen Bima : This is an individual, micro insurance term plan that is meant
to provide the financially weaker segments of society with an opportunity to secure themselves
against tough times. This insurance plan does not require health checkups and offers an
insurance cover that can be as high as 60 times the total premium paid.

SBI Life Insurance Savings Plans

A savings plan is a life insurance plan that can offer you a double advantage. Not only does such
a plan provide you with a life cover but it also provides a regular inflow of funds. The plans on
offer under this scheme are:

SBI Life Smart Income Protect :This is an insurance plan that offers two benefits to the
insured. The first is that they are provided with a life insurance cover and the second is that
they get the benefit of a regular income. The policy also offers reversionary and terminal
bonuses along with a guaranteed payouts of 11% of the sum assured for 15 years after the
policy matures.
SBI Life Smart Guaranteed Savings Plan :This is a non-participating savings plan that
offers guaranteed additions that are calculated at a rate of 5.5% to 6% and are applied to the
cumulative basic premiums that have been paid. They also offer the option to pay premiums
only for 7 years.
SBI Life Smart Money Back Gold :This traditional money back plan offers the
advantages of a life insurance policy with an income coming in at regular intervals. The
insurance cover under this scheme can be enhanced using a wide range of riders available for
this plan.
SBI Life Shubh Nivesh : This scheme is a non-linked profit endowment assurance plan
that offers the flexibility to turn this policy into a whole life insurance policy. It also offers
benefits like a choice between single premium payment or regular premium payment options
and options to receive the basic sum assured over a period of time.

SBI Life Group Plans

SBI offers various corporate solutions for the statutory and voluntary needs of employers.
It also helps an organization retain and reward its employees with attractive benefits.

Retirement Solutions
SBI Life Insurance Group Retirement Plans help provide financial stability and protection to the
employees family.

SBI Life Kalyan ULIP plus: A fund based group insurance plan. The benefits offered by
this plan can be obtained by the master policy holder as well as by each member of the group.
SBI Life CapAssure Gold:Offered only to employer/ employee groups i.e. to the
employers/ state government/ central government who want SBI Life to manage their
employees gratuity, leave encashment and superannuation benefit schemes.
SBI Life Swarna Jeevan: The SBI Life Swarna Jeevan provides higher annuity rates.
SBI Life Gaurav Jeevan: The SBI Life Gaurav Jeevan is provided for central
government/ state government and government agencies who wish to purchase their existing
or emerging in respect to annuity payments for compensation to landowners whose lands are
being taken.

Group Protection Plans

SBI Life Group Protection Plans help secure an employees familys financial future in the event
of the unfortunate circumstance of death.

SBI Life Sampoorn Suraksha: A group term insurance plan that can be renewed. It
offers excellent protection at affordable rates.
SBI Life Suraksha Plus: A group insurance scheme like company employers or
government institution.

Group Micro Insurance Plans

SBI Life Group Micro Insurance Plans are for customers with small savings and low household
income.

SBI Life Grameen Shakti: A plan to provide life insurance to the underprivileged
sections of the society.
SBI life Grameen Super Suraksha: This is for the rural section and for the
underprivileged parts of the society who opt for life insurance protection without maturity
benefit.

Group Loan Protection Products

These are affordable plans that help share the burden of your liabilities.

SBI Life RiNn Raksha: SBI Life RiNn Raksha plan assures that you get to enjoy the
simple joys of life like taking a vacation overseas with the family, buying a dream car, building a
house without having to worry about liabilities