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SBI Life – eWealth Plus (UIN-111L147V01) is an Individual, Unit Linked, Non-Participating, Life Insurance, Savings Product.
Key Features of SBI Life – eWealth Plus
- • Twin benefits of Life Insurance Cover throughout the policy term and Market Linked Returns• Choice of two Investment Strategies – Growth Strategy based on overall exposure to Equity, Debt and Money Market instruments and Active Strategy – to invest within 14 fund options as per your risk appetite.• Hassle free investment management through Automatic Asset Allocation under Growth Strategy• Premiums starting as low as Rs 3,000 per month• No Premium Allocation Charges, thereby enhancing your Fund Value• Easy and Simple 3 Step Online Buying Process• Liquidity through Partial Withdrawal(s) from 6th policy year onwards• Enhanced Protection: Option to add #SBI Life- Accident Benefit Rider-Linked & ^SBI Life- Waiver of Premium Rider-LinkedTax Benefits*: As per the prevailing norms under the Income Tax Laws#SBI Life – Accident Benefit Rider -Linked (UIN: 111A042V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
Plan Information
| Insurance Company | SBI Life |
|---|---|
| Plan Category | Unit Linked Insurance Plan |
| UIN | 111L147V01 |
| Minimum Entry Age | 5 |
| Maximum Entry Age | 50 |
| Death Benefit | Death Benefit: In the unfortunate event of death of the Life Assured, while the policy is in-force, highest of the below is payable: • Fund Value as on date of intimation of death claim to the company or • Sum Assured less Applicable Partial Withdrawal or # • 105% of Total Premiums Paid^ up to the date of death # Applicable Partial Withdrawals are equal to partial withdrawals, if any, in the last 2 years immediately preceding the death of the Life Assured. ^Total Premiums Paid means total of all the premiums received under the base product including top-ups premium paid, if any |
| Maturity Benefit | Maturity Benefit: On survival of the Life Assured up to maturity provided the policy is in-force, the Fund Value as on the date of maturity shall be payable in lump sum |
| Tax Benefits | As per the prevailing norms under the Income Tax Laws. |
| Available Riders | SBI Life – Accident Benefit Rider -Linked (UIN: 111A042V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD) ^SBI Life- Waiver of Premium Rider-Linked (UIN: 111A049V01) -Upon the death, disability, or diagnosis of a covered critical illness of the Proposer, if applicable,. |
Terms, benefits, eligibility and tax treatment are governed by the insurer’s latest policy wording and applicable law. Please review the official brochure before making a decision.