SBI Life - eWealth Plus
UIN: 111L147V01
Product Code: 3R
An Individual, Unit-Linked, Non -Participating, Life Insurance, Savings Product
"The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year"
Is a cumbersome buying process discouraging you from buying Unit Linked Insurance Plans?
You can now enjoy the benefits of ULIPs with a simplified, 3-step online buying process. SBI Life - eWealth Plus helps you to not only secure your family’s future but grow your wealth as well.
This wealth creation plan offers –
With just a few clicks, take your first step towards Insurance and wealth creation.
- Security – cover your family's needs in case of eventuality
- Affordability – with premiums starting at Rs. 3000 per month
- Flexibility – to choose between two investment strategies
- Simplicity – apply online with ease
- Liquidity – through partial withdrawal(s) from 6th policy year
With just a few clicks, take your first step towards Insurance and wealth creation.
Highlights
non-participating Online Unit Linked Insurance plan
Features
- Life coverage
- Choice of two Investment Strategies - Growth Strategy & Active Strategy
- Automatic Asset Allocation feature in a pre-determined percentage under Growth Strategy
- Choose your own fund allocation from twelve unit funds under Active Strategy
- Simplified 3 step online buying process
- Nominal premium payments without any Premium Allocation charges
- Partial withdrawals from 6th policy year
Advantages
Security
- Make sure your family is financially independent in case of eventuality
- Your funds are automatically rebalanced to counter market fluctuations
Flexibility
- Invest in the Investment strategy of your choice as per your risk appetite
Simplicity
- Hassle-free online buying process
Affordability
- Premiums as low as Rs. 3,000/- per month without any Premium Allocation charges
Liquidity
- Get the freedom to make partial withdrawals to fund any unexpected expenses
Avail tax benefits*
Maturity Benefit (Applicable only for in-force policies):
On completion of Policy Term, Fund Value will be paid.
Death Benefit (Applicable only for in-force policies):
Highest of (Fund Value as on the 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) is payable to the beneficiary.
#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.
For more details on risk factors, terms and conditions of SBI Life – eWealth Plus, read the following documents carefully.
# Age mentioned in this document is age as on last birthday
^Annualized Premium is the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any
Note:
In case life assured is a minor, policy term should be chosen appropriately so that the life assured is at least a major as on the maturity date.
^Annualized Premium is the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any
Note:
In case life assured is a minor, policy term should be chosen appropriately so that the life assured is at least a major as on the maturity date.
3R/ver1/09/24/WEB/ENG
**Assumed rates of returns @4% and @8% p. a., are only illustrative scenarios at these rates after considering all applicable charges. These are not guaranteed and they are not higher or lower limits of returns. Unit Linked Life Insurance products are subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their future prospects or returns.
Various charges such as ‘Fund Management Charges’ etc. are deducted. All the charges except Mortality Charges are subject to revision as per the prevalent Regulations. For the complete list of charges and their workings, please refer the Sales Brochure.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to market risks. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. SBI Life Insurance Company is only the name of the insurance company and SBI Life – eWealth Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. Past performance of the Funds is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here.
Various charges such as ‘Fund Management Charges’ etc. are deducted. All the charges except Mortality Charges are subject to revision as per the prevalent Regulations. For the complete list of charges and their workings, please refer the Sales Brochure.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to market risks. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. SBI Life Insurance Company is only the name of the insurance company and SBI Life – eWealth Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. Past performance of the Funds is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here.