SBI LIfe Insurance

SBI Life Insurance is a one of the leading life insurance company in India. It is a joint venture between State Bank of India, and BNP Paribas Assurance.
The main aim of SBI Life Insurance is to provide insurance policies at affordable prices and hassle free services.  The company offers insurance products that are specially designed according to the customer needs and liabilities.
The company offers wide range of comprehensive insurance products for individuals and groups.
Individual Products-
-Unit Linked Products
-Pension Product
-Pure Protection Product
-Protection cum Saving Products
-Money Back Scheme Products
Group Products-
-Group Employee Benefit Products
-Group Term with ROP
-Group Loan Protection Product
-Group Saving Protection Product
-Group Micro Insurance

SBI Life Insurance India

State Bank of India is one of the largest banking dealership in India, including its seven associate banks. Network of over 14,500 branches across the country, SBI Life offers a slew of products designed for each and everyone of the society.

Following is the list of products with details:-

Pension:

1. Keeps your income stable in post-work life.
2. Helps policy holder to remain financially independent post-retirement.
3. Tool for systematic retirement planning.

Children Plan:

1. An Asset to plan for children’s needs in the future.
2. An Asset to ensure children’s future plans are not compromised in parental absence.

ULIP Insurance:

1. Investment option added.
2. Option to choose from funds such as equity, debt, bonds, or a combination.
3. Offer partial withdrawals options.

Money Back Insurance:

1. Life covers for specified periods.
2. Policy holder gets tax-free, fixed proportions of the sum assured at regular intervals.
3. Policy holder receives lump sum payment on surviving maturity date.

Term Insurance:

1. Pure risk cover plan with no survival benefit.
2. Cheapest of all life insurance product.

Endowment Insurance:

1. Tool with savings option
2. Sum assured plus bonus accrued paid in the event of death of the insured or at maturity
3. With-profits plan that participates in the profits of insurer’s life insurance business

SBI Life- Maha Anand Plan

SBI Life Introduced “Maha Anand Policy”- a Simple & Versatile Unit linked non participating life insurance plan, which gives you insurance cover without any medical Check Up. All you have to do is just answer some few health related questions & there is it… you’re insured.

The product has been especially designed to provide to investment and protection needs of the middle and low-income people, specially those residing in semi-urban and rural areas.

Mind Blowing Features of Maha Anand Life Policy:

1. Double advantage of Market linked returns and insurance cover.
2. Easy Apply Process - No medical test is necessary.
3. Available at an affordable premium starting from Rs 500 per month.
4. 3 fund options to choose from.
5. Flexibility to increase your investments.
6. Liquidity through partial withdrawal’s.
7. Attractive Tax benefits under the Income Tax Act, 1961.

SBI Life Insurance – Money Back Policy

Everybody experience some so important moments in life that are truly limited. These special moment could be your wedding, first child’s birth, child’s education or purchasing a new home. Some respective moments are even named as responsibility. For these kind of occasion one has to be financially prepaid.

What you want is easy liquidity at every step to be in or take to. And Life Insurance is an option that can help you out.

SBI Life Insurance brings to you Money Back Policy which is a saving plan with added benefits of life cover and cash inflow at regular intervals. This plan is specially customize for individuals who are serious about savings for future expense at anytime in life.

Riders Available

1. SBI Life  Insurance- Critical Illness Rider.
2. SBI Life Insurance – Term Assurance Rider.
3. SBI Life Insurance – Premium Waiver Benefit Rider.
4. SBI Life Insurance – Accidental Death & TPD Rider.

SBI Life Insurance – Smart Ulip Plan

SBI Life Insurance Company, the subsidiary of country’s largest public sector bank has launch many innovative life insurance product, and one of them is SBI’s Smart Ulip Plan.
Smart Ulip plan not only gives you guaranteed net asset value (NAV) in the first seven years or at maturity, but also gives you advantage of participating in the market upside. If there is a sudden death of the policyholder during the policy term, the nominee receives the sum assured.
The plan also gives flexibility of a short term premium, that allow customers to pay premium for limited period of either 3 or 5 years and avail tax benefits under section 80 C and 10(10 D) of the Income Tax Act.
The security of a guaranteed NAV with a comparatively shorter premium paying term will help the customer once again to invest with confidence.
The introduction of Smart Ulip is a demonstration of SBI Life’s commitment to a customer-centric approach, by offering life insurance solutions appropriate to the times, SBI Life Insurance managing director & CEO U S Roy said.
SBI Life’s Smart Ulip works with Flexi Protect Fund and Money Market Fund.