SBI Life- eWealth Insurance Plan

It is a non-participating unit linked insurance plan that offers dual benefits of wealth creation and life insurance cover. SBI Life eWealth Insurance Plan allows you to avail hassle-free market linked returns through its Automatic Asset Allocation feature. Under this product, you can choose from two plan options – Growth Plan and Balanced Plan. Through Automatic Asset Allocation feature or AAAP, your premium amount is the plan that you pick.

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  • 4.8++ Rated
  • 9.7 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 4.9 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/month & Get ₹1 Crore# Tax-Free*
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9.7 Crore
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Insurance Partners
4.9 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

This feature helps you invest in high risk equity instruments in the initial years of the policy to ensure maximum market linked returns and gradually move towards lower-risk debt or money market instruments to protect your investments from short-term fluctuations. 

Key Highlights of SBI Life eWealth Insurance

  • This SBI life policy offers life coverage as well as a chance to grow your wealth at an impressive rate
  • You can choose from the Balanced plan or the Growth plan, depending upon what kind of growth you desire and your risk appetite.
  • You are insured for a period of 10-20 years
  • The premium payment term and policy duration term are the same. Suppose that your policy term is 20 years, then your premium payment term will also be 20 years.
  • You can choose to pay-off the policy premium either monthly or annually. For monthly payments, the minimum amount that you can pay is Rs. 1000 and maximum limit is Rs. 10,000. For yearly payments, you can pay a sum of Rs. 10,000 minimum and Rs.1 lakh maximum.
  • It provides easy wealth management with Automatic Asset Allocation.
  • There are no allocation charges on the payment of the premium amount.
  • You can withdraw partial amounts from the sixth year of the policy.
  • The sum assured is similar to the maturity value of the policy funds or the actual amount assured (whichever is higher).

Advantages of SBI Life eWealth Insurance

  • Security - In case of any eventualities, your family is financially secured. There is automatic adjustment of your funds based on the market fluctuations.
  • Flexibility - As per your risk appetite, you can choose the plan option you want to invest in.
  • Simplicity - You can easily purchase the policy online in a hassle-free manner.
  • Affordability - You can avail market-linked returns without any allocation charges and pay-off the premium amount starting from Rs. 1,000 per month.
  • Liquidity - The plan offers you mobility to withdraw partial amounts to meet any unforeseen expenses.

Benefits of SBI Life eWealth Insurance 

  • Maturity Benefit - If your policy is in force, then you will get the fund value once the policy term has been completed. 
  • Death Benefit - For every policy in force, either the fund value or sum assured (whichever is higher) is paid, and 105% of minimum premium amount is recompensed on the intimation of death of the policy holder.
  • Tax Benefits - The policy offers tax saving benefits to the policyholder as per the Indian Income Tax Act, 1961.  These benefits vary from time to time and are subjected to policy terms and conditions. It’s advisable that you consult with your tax advisor for further details.

Note - ULIP products are always subject to market risks and are different from the conventional products. Unit Linked policies are subjected to investment risks as per the capital market and the Net Asset Value may vary based on the performance of funds. The policy holder shall be responsible for his/her decision in regard to the policy risks. The funds mentioned above are merely the names and in no way not signify the returns or quality of any of the aforesaid plans. 

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1249 Reviews)

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SBI Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1249 Reviews)
(Showing Newest 10 reviews)
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
Raghavan
Ranchi, March 25, 2025
Easy and Helpful Investment Process
Policybazaar made it easy to invest in HDFC Life Dynamic Advantage Fund NFO. Simple process helpful customer service very happy.
Priya
Coimbatore, March 21, 2025
Quick and Secure Investment
Simple quick and secure way to invest in HDFC Life NFOs. Policybazaar makes everything clear and support is excellent.
Meenal
Kochi, March 21, 2025
Stable Steady Returns
I like this fund. Returns are stable but not fast. Best for people who want slow and steady growth in their portfolio.
Venkatesh
Hyderabad, March 19, 2025
Simple and Transparent Process
I found HDFC Life NFOs through Policybazaars platform. Very good process easy to understand and no hidden charges. Satisfied.
Manisha
Bangalore, March 17, 2025
Good for Long term Growth
Best for long term goals. HDFC Life Advantage Fund NFO gives a good growth chance.
Karthik
Chennai, March 17, 2025
Balanced Long term Investment
I invested in HDFC Life Dynamic Advantage Fund. Its balanced but sometimes market changes give negative returns. Better for long term.
Shalini
Bhopal, March 16, 2025
Great Platform for Investment
Policybazaar helped me choose HDFC Life Dynamic Advantage Fund NFO. Great platform for easy investments and the process was simple.
Satyendra
Jodhpur, March 16, 2025
Hassle Free Investment Process
Investing HDFC Life NFOs through Policybazaar is very good. Simple to follow no hassle and good advice from experts.
Priyanka
Indore, March 15, 2025
Flexi Cap Fund
This fund is flexi cap. I like how it adapts to market. Returns are ok but need patience for better growth.
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