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SBI Life

SBI Life Insurance has emerged as a leading company that offers a broad range of life insurance and pension plans at the most competitive prices. SBI Bank Life Insurance is a join venture between BNP Paribas Assurance and the State Bank of India. The company is registered and it has an authorized capital of Rs 2000 crores and Rs 1000 crores as Paid-up capital. State Bank of India owns 74% of the sum capital while BNP Paribas Assurance owns the remaining 26%. SBI Life leverages SBI Group as the best platform for selling its insurance products together with its banking products. Some of the most popular SBI Life insurance products and plans are discussed below.

SBI Life Unit Plus

SBI Life Insurance India provides four policies under its Unit Plus programs namely; SBI Life Unit Plus iii, Unit Plus ii Child, Unit Plus Elite ii and Unit Plus iii Pension. The features of each program are briefly mentioned in the following lines.

SBI Life Unit Plus iii: This non participating Unit linked Plan is designed to meet the changing requirements of an individual in several stages of life. This policy offers complete freedom that allows and individual to fulfill his insurance and investment needs. Some attractive features of this insurance policy includes guaranteed additions of up to 200% of current year's premium with Regular Premium Option, no premium allocation charges from the 11th year onwards, benefits of market linked returns and insurance cover.

SBI Life Unit Plus ii: This SBI Life Child Plan is specially designed to fulfill the growing responsibilities with the coming of a child. This SBI life term plan provides dual protection to your family and children when you are not around. Top features of this plan are accidental coverage for accidental death and permanent disability, free allocation of units, enhanced investment opportunity, liquidity through partial withdrawal, attractive tax benefits and many more.

SBI Life Unit Plus iii Pension: This Life insurance pension plan is packed with added protection and it comes with lower costs. The pension plan guarantees an addition of 5% every year starting from the 6th policy year. With Dynamic Funds Options like Index Pension Fund and Top 300 Pension Fund, this Unit Plus program offer enhanced investment opportunity. An individual can enjoy complete flexibility to either increase or decrease the premium amount.

SBI Life Unit Plus Elite ii: This SBI Life policy provide total flexibility to make premium payment for limited time period and stay protected for long term. This life term plan offer twin benefit of market linked returns and insurance cover. Insurers can also get liquidity with partial withdrawals and pay premiums for 3, 5, 7, or 10 years according to their convenience.

SBI Life Smart Ulip

Smart Ulip plan from State Bank of India not only protects the investment of the insurers but it also enables them to get the market related returns. This insurance plan provides guarantee on select NAVs in the first 7 years together with added attraction while participating in the upside market. Other than individual products, SBI also offers a number of group insurance products including, Group Employee Benefit Products, Group Loan Protection Products, Group Savings Protection Products, and Group Micro Insurance.

SBI Life branches are located in Bangalore, Delhi, Hyderabad, Amhedabad, Bhubaneswar, Bhelapur and many other cities and urban areas in India. SBI Life agency can also be found online by making some simple research on the Internet. The Company has over 68,000 Insurance Advisors that offers insurance solutions to every type of customer. Customers can manage their insurance account by making login to the SBI Life Website. Moreover they can find a number of policy details and reliable information on SBI Life Career, jobs opening, bond fund, life equity fund, annual report, application tracker, life certificate and equity optimizer fund.

For any enquiries please call SBI Life toll free number 1800-22-9090, from 9am to 9pm on all days.

For any grievances, contact SBI Life Customer Care at;
Mr. Shreepad Parkhe
Head - Client Relationship
SBI Life Insurance Co. Ltd.
Central Processing Centre
Kapas Bhavan, Plot 3A,
Sector -10, CBD Belapur,
Navi Mumbai - 400614
Tel: 022 - 66456241
SBI Life brings a range of insurance products for individual as well as groups. Find the features of the insurance policies at the official website of the bank.



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