Download the Policybazaar app
to manage all your insurance needs.
SBI Life Investment Plans
SBI Life Investment Plans offer a smart blend of insurance protection and wealth creation, helping individuals secure their families’ future while achieving long-term financial goals. With flexible options tailored to different needs, these plans can offer you a sense of financial security and stability, helping you build a prosperous future for yourself and your family.
Investment plans
- Plan starting from ₹1,000/month
- Save upto ₹46,800 in Tax under section 80C^
- Zero LTCG Tax¶
- In built life cover
- 4.8++ Rated
- 13.2 Crore Registered Consumer
- 53 Partners Insurance Partners
- 6.29 Crore Policies Sold
Top performing plans˜ with High Returns**
Invest ₹10K/Month & Get ₹1 Crore# Tax-Free*
-
Home
-
Investment Plan
-
SBI Life
- SBI Life Traditional Plans
Best SBI Investment Plans
- Market-Linked Insurance Plans
- Traditional Insurance Plans
Details of the Best SBI Life ULIP Plans
ULIP Plans
| Plan Names | Entry Age | Premium Investment Amount |
| SBI Life - eWealth Insurance | 5 years | 2,000 per month |
| SBI Life - Smart InsureWealth Plus | 0 years | 4,000 onwards |
| SBI Life – Smart Wealth Builder | 2 years | 30,000 onwards (annually) |
| SBI Life – Smart Power Insurance | 18 years | 15,000 onwards |
| SBI Life – Smart Elite | 18 years | 2,50,000 onwards (annually) |
| SBI Life – Smart Privilege | 8 years | 6,00,000 onwards (annually) |
Below are the best SBI Life ULIP Plans:
-
SBI Life - eWealth
SBI Life - eWealth Insurance is an online Unit-Linked Insurance Plan (ULIP) designed to help you grow your wealth while providing life insurance coverage for your family. Here are the key features and benefits of the SBI investment plan:
- Life Coverage: Provides financial security for your loved ones in case of your unfortunate demise.
- Investment Management: Automatic Asset Allocation (AAA) simplifies investment management by automatically adjusting your investments between equity, debt, and money market funds based on your policy term.
- Plan Options: Choose between two plan options - Growth (higher equity exposure) and Balanced (more balanced approach with lower initial equity) - to suit your risk appetite.
- Online Convenience: Easy and hassle-free online application process in just 3 steps.
- Affordable Premiums: Start investing with premiums as low as Rs. 2,000 per month.
- No Allocation Charges: Maximize your returns with no charges levied on your premium payments.
- Partial Withdrawals: Access your funds after the 6th policy year for emergencies or planned expenses.
- Potential Tax Benefits: Premiums paid may qualify for tax deductions under Section 80C of the Income Tax Act, and maturity benefits may be tax-free under Section 10(10D) (subject to conditions).
-
SBI Life - Smart InsureWealth Plus
- Insurance and Investment: Combines life insurance coverage with investment opportunities in market-linked funds.
- Flexible Premiums: Easy monthly payment options for life insurance coverage.
- Investment Strategies: Choose from three investment strategies (Trigger, Auto Asset Allocation, Smart Choice) to suit your risk appetite.
- Fund Options: Select from 9 investment funds under the Smart Choice strategy.
- Maturity Benefit: Get the fund value accumulated over the policy term along with Return of Mortality Charges (ROMC) on maturity.
- Loyalty Additions: Receive Fund Value Boosters from the 11th policy year onwards (loyalty benefit).
- Partial Withdrawals: Withdraw a portion of your fund value after the 6th policy year.
- Systematic Withdrawals: Generate regular income through withdrawals from the fund value after the 11th policy year.
- Tax Benefits: Potentially avail tax benefits under Income Tax laws (subject to change).
-
SBI Life - Smart Wealth Builder
- Life Cover and Investment: Combines life insurance with investment in unit-linked funds.
- Flexible Premiums: Pay premiums monthly to build your life cover.
- Market-Linked Returns: Potential for investment growth through various fund options.
- Guaranteed Additions: Receive guaranteed additions to your policy value based on the policy term (up to 125% of annual premium).
- Fund Switching: Flexibility to switch between different investment funds.
- Partial Withdrawals: Withdraw a portion of your fund value after the 6th policy year.
- Tax Benefits: Potentially avail tax benefits under Income Tax laws (subject to change).
-
SBI Life - Smart Power Insurance
- Two plan options: Choose between Level Cover (fixed sum assured) or Increasing Cover (sum assured increases every 5 years).
- Two fund options:
- Trigger Fund: Automatically invests in a mix of equity and bond funds, adjusting the ratio to maintain an 80:20 balance.
- Smart Funds Option: Choose from 10 different investment funds based on your risk tolerance.
- In-built disability benefit: Provides a payout in case of total permanent disability.
- Partial withdrawals: Access a portion of your accumulated funds after the 6th policy year.
- Premium redirection: Allocate unused bonuses or loyalty additions towards your premium payment.
- Free fund switches: Change your investment choices within the Smart Funds option (limited number per year).
- Portfolio transfer option: Switch between Trigger Fund and Smart Funds option.
- Life insurance coverage: Provides financial security for your loved ones in case of your demise.
- Market-linked returns: Potential for higher returns compared to traditional insurance plans.
- Flexibility: Manage your investment strategy and access funds when needed.
- Protection against disability: Provides financial support if you become disabled.
-
SBI Life - Smart Elite
- Limited or single premium payment option: Pay premiums for a set period (7, 10, or 12 years) or in a lump sum.
- Two protection options: Choose between Gold (higher of sum assured or fund value) or Platinum (sum assured and fund value) payout upon death.
- Eight varied investment funds: Cater to different risk appetites.
- No premium allocation charge: From the 6th year onwards, maximizing your fund value.
- Partial withdrawals: Access a portion of your accumulated funds after the 6th policy year.
- Switch and redirection facility: Manage your investments by switching funds or redirecting bonuses.
- Life insurance coverage: Provides financial security for your beneficiaries.
- Market-linked returns: Potential for higher returns compared to traditional insurance plans.
- Flexibility in premium payment: Choose a payment option that suits your financial goals.
- Enhanced protection benefits: Gold and Platinum options offer broader payout terms.
- Investment control: Manage your funds actively based on your risk tolerance.
-
SBI Life – Smart Privilege
SBI Life - Smart Privilege is a Unit-Linked Insurance Plan (ULIP) that combines life insurance coverage with investment flexibility. Here are the key features and benefits:
- Life Cover: Provides financial security to your family in case of your unfortunate demise.
- Market-Linked Returns: Grow your wealth through investment in the market with a choice of 11 different investment funds.
- Loyalty Additions: Get bonus additions to your fund value starting from the 6th policy year (for policies that are still active).
- Goal-Based Savings: Plan and save for your long-term goals with the help of loyalty additions and market-linked returns.
- Premium Payment Flexibility: Choose how you pay your premiums: Regular payments throughout the policy term, limited payments for a set period, or a single premium payment upfront.
- Flexible Policy Term: Choose a policy term that fits your needs, ranging from 5 to 30 years.
- Investment Flexibility: Allocate your investment among 11 different funds based on your risk tolerance. You can switch your investments between funds for free and unlimited times during the policy term to manage your investment strategy.
- Partial Withdrawals: Access your funds after the 6th policy year or when the life assured reaches 18 years old (whichever is later). You can make up to 4 partial withdrawals per year, with a maximum of 10 or 15 withdrawals during the entire policy term depending on the policy term length.
- No Policy Administration Charges: No charges are deducted for policy administration throughout the policy term.
- Reduced Premium Allocation Charge: No charges applied for allocating your premium amount to investment funds starting from the 6th policy year.
Details of the Best SBI Life Traditional Plans
Traditional Plans
| Plan Names | Entry Age | Premium Investment Amount |
| SBI Life - Smart Platina Plus | 30 days | 50,000 onwards (annually) |
| SBI Life - Smart Platina Assure | 30 days | 50,000 onwards (annually) |
| SBI Life – New Smart Samriddhi | 30 days | 12,000 to 75,000 (annually) |
| SBI Life- Smart Future Choices | 18 years | 1,00,000 onwards (annually) |
| SBI Life – Shubh Nivesh | 18 years | 6,000 onwards (annually) |
| SBI Life – Smart Bachat Plus | 3-18 years | 1,020-12,000 onwards (annually) |
Below are the best SBI Investment Plans:
-
SBI Life - Smart Platina Plus
- Two Income Options: Choose between guaranteed income for a fixed period (Guaranteed Income) or income for your entire lifetime (Life Income).
- Guaranteed Income Benefit: Receive a fixed regular income during your chosen payout period.
- Maturity Benefit: Get 110% of the total premiums paid back at the policy's end.
- Flexible Payout: Choose how often you want to receive income during the payout period (yearly, half-yearly, quarterly, or monthly).
- Limited Premium Payment: Pay premiums for only 6, 7, 8, or 10 years.
- Potential Tax Benefits: Premiums paid may qualify for tax deductions under current Indian Income Tax laws (subject to change).
- Financial Security: Provides a guaranteed income stream during your retirement or for other life goals.
- Life Cover: Protects your family financially in case of your unfortunate demise. The benefit amount will be the sum assured on death along with accrued guaranteed additions (if any).
- Savings: Get a return on your investment with the maturity benefit.
-
SBI Life - Smart Platina Assure
- Guaranteed Returns: Offers guaranteed returns with a fixed interest rate credited to your policy each year.
- Limited Premium Payment: Pay premiums for only 7 or 10 years.
- Life Cover: Provides a death benefit to your nominee in case of your demise. The sum assured on death will be paid along with any accrued guaranteed additions.
- Flexible Payout Options: Choose to receive the death benefit and guaranteed additions as a lump sum or opt for monthly installments.
- Potential Tax Benefits: Premiums paid may qualify for tax deductions under current Indian Income Tax laws (subject to change).
- Financial Protection: Ensures your family receives a payout in case of your death.
- Savings and Growth: Your money grows with the guaranteed interest rate offered by the plan.
- Maturity Benefit: Receive the sum assured along with accrued guaranteed additions at policy maturity.
- Convenience: Pay premiums for a limited term and enjoy benefits throughout the policy period.
-
SBI Life - New Smart Samriddhi
This is a non-linked, non-participating life insurance plan that focuses on guaranteed returns and protection.
- Life Cover: Get death benefit protection throughout the entire policy term.
- Guaranteed Additions: Receive a guaranteed amount as maturity benefit, ranging from 143% to 229% of the total premiums paid, depending on your age and chosen premium amount.
- Limited Premium Payment Term: Pay premiums for only 6, 7 or 10 years and get coverage for the entire policy term of 12, 15 or 20 years, respectively.
- Flexible Payment Mode: Choose to pay premiums annually or monthly.
- Tax Benefits: Potential tax benefits as per prevailing Income Tax Act.
-
SBI Life - Smart Future Choices
- Designed for High Net-worth Individuals: Caters to those seeking larger coverage amounts and potentially higher returns.
- Flexibility in Benefit Payouts: Choose how you receive payouts, like lump sum or installments.
- Choice of Survival Benefit Options: Get cash payouts at specific points in the policy or defer them to earn interest.
- Review and Change Options: You can revisit your benefit choices throughout the policy term to adapt to changing needs.
- Life Cover: Provides financial security for your loved ones in case of your demise.
- Potential for Growing Savings: Accumulate cash bonuses (if declared) and potentially a terminal bonus at maturity.
- Guaranteed Sum Assured on Maturity (Classic Choice): Receive a guaranteed amount at policy end, which can be up to 138% of the initial sum assured (depending on plan specifics).
- Tax Benefits: Potentially avail tax deductions under Section 80C of the Income Tax Act (India).
- Liquidity through Survival Benefits: Access cash at predetermined intervals or defer for future needs.
-
SBI Life - Shubh Nivesh
- Individual, Non-Linked, Participating Life Insurance Savings Plan: Similar to Smart Future Choices, it's a traditional plan with potential bonus payouts.
- Triple Benefits: Offers a combination of life cover, savings, and regular income.
- Two Plan Options: Choose between an endowment term (set policy period) or whole-life coverage (coverage up to age 100).
- Regular Income Option: Get income payouts throughout the chosen period to meet your financial needs.
- Riders for Additional Coverage (Optional): Enhance your plan with optional riders for specific needs (extra cost).
- Life Cover: Provides financial protection for your family in case of your death.
- Maturity Benefit: Receive a lump sum payout at policy maturity, including the sum assured, vested bonuses, and a potential terminal bonus.
- Guaranteed Income Stream: Provides a steady income throughout the chosen period to support your lifestyle.
- Flexibility with Whole Life Option: Coverage lasts until age 100, potentially offering extended protection for your loved ones.
- Potential for Growing Savings: Accumulate bonuses (if declared) to enhance your maturity benefit.
-
SBI Life - Smart Bachat
- Limited Premium Paying Term (LPPT): Pay premiums only for a few years while enjoying cover for the full policy term.
- Dual Plan Options: Choose between Endowment or Endowment with in-built Accidental Death & Total Permanent Disability (AD & TPD) benefit.
- Life Cover Protection: Provides financial security for your family in case of your unfortunate demise during the policy term.
- Bonuses for Higher Savings: Earn simple reversionary bonuses and possible terminal bonus to boost your maturity value.
- Guaranteed Maturity Benefit: Receive guaranteed sum assured on maturity plus accrued bonuses, if any, on surviving the policy term.
- Premium Waiver on Disability: Future premiums may be waived in case of accidental total permanent disability under the relevant option, keeping your policy active.
- Flexible Policy & Premium Terms: Select from multiple policy terms and premium payment terms to match your financial goals.
- Loan Facility: Avail policy loan (subject to conditions) to meet interim financial needs without surrendering the policy.
- Tax Benefits: Eligible premiums and benefits may qualify for tax advantages as per prevailing Income Tax laws in India.
Conclusion
SBI Life Investment Plans serve as a reliable avenue for building financial stability and securing life goals. By combining investment potential with life coverage, they empower individuals to plan confidently for future milestones while ensuring peace of mind through financial protection.
FAQs
-
What types of investment plans does SBI Life offer?
SBI Life offers a variety of plans, including traditional plans with guaranteed benefits and unit-linked plans (ULIPs) that invest in the market. This FAQ focuses on their traditional plans. -
What are the benefits of SBI Life's traditional plans?
These plans offer life insurance coverage, potential bonus payouts that can increase your returns, and tax benefits under Section 80C of the Income Tax Act (India). Some plans also provide guaranteed maturity benefits and the option for regular income payouts. -
What are some popular traditional plans offered by SBI Life?
Two popular options are Smart Future Choices and Shubh Nivesh. Smart Future Choices offers flexibility in payouts and potentially higher returns, while Shubh Nivesh focuses on guaranteed income and extended coverage. -
Which SBI Life traditional plan is right for me?
The best investment plan depends on your individual needs. Consider factors like your desired level of life cover, your risk tolerance, and whether you prioritize flexibility or guaranteed income. Consulting a financial advisor can help you choose the plan that best aligns with your financial goals. -
Can SBI investment plans cater to a 15-year investment horizon?
Yes, SBI offers a range of plans for longer terms. Unit-linked plans with a focus on equity might be a good fit, as they have the potential for higher growth over a longer period. -
Are there SBI investment options for a 3-year investment period?
SBI offers short-term debt funds suitable for a 3-year horizon. These can provide potentially better returns than traditional savings accounts while maintaining lower risk compared to equity-based options. Explore SBI Short Term Debt Fund (Debt) or SBI Ultra Short Term Fund (Debt) for these features.
Insurers Offering Investment Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
- SIP Calculator
- Income Tax Calculator
- Compound Interest Calculator
- NPS Calculator
- Show More Calculator
Investment plans articles
Recent Articles
Popular Articles
27 Feb 2026
With the government’s focus on financial inclusion, getting a
23 Feb 2026
A 5-year Post Office Recurring Deposit (RD) of ₹6,000 per
23 Feb 2026
A 5-year Post Office Recurring Deposit (RD) of ₹500 per monthSBI Life Traditional Plans Reviews & Ratings
(Showing Newest 10 reviews)
Explore the popular searches and stay informed
- ULIP Calculator
- ULIP Plan
- 50k Pension Per Month
- Annuity Plan
- Atal Pension Yojana Calculator
- Best Pension Plan in India
- Best SIP Plans
- Child Investment Plan
- Child Plan
- CIBIL Score
- Deferred Annuity Plans
- Government Schemes for Girl Child
- HDFC SIP Calculator
- Immediate Annuity Plans
- Investment Plan
- LIC Calculator
- LIC
- NPS Interest Rate
- Pension Plan
- Post Office Child Plan
- Prime Minister Schemes For Boy Child
- Retirement Planning
- SBI Annuity Deposit Scheme Calculator
- SBI SIP Calculator
- SBI SIP
- SIP Calculator
- SIP
- Sukanya Samriddhi Yojana Interest Rate
- Sukanya Samriddhi Yojana
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for Women
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- Term Insurance with Return of Premium
- Whole Life Insurance
- Term Insurance vs Life Insurance
- What is Term Insurance
- Life Insurance Calculator
- 5 Crore Term Insurance
- 2 Crore Term Insurance
- Term Insurance for Housewife
- Benefits of Term Insurance
- Term Insurance Terminology
- Medical Tests for Term Insurance
- Term Insurance for Self Employed
- Claim Settlement Ratio
- 10 Crore Term Insurance
- Term Insurance for Smokers
- 1.5 Crore Term Insurance
- Zero Cost Term Insurance
- Insurance Advisor
- Home Loan Insurance Calculator
- FIRE Calculator
- EMI Calculator
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI 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