SBI Life ULIP Plans

SBI Life Ulip plans let are unit linked insurance plans which provide you with a wide array of funds, riders and other options, and give you the complete freedom to fulfill all your investment and insurance needs. There are 7 Best  Ulip plans by SBI Life that are available to you for investing your money.

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Best ULIP Plans
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    Guaranteed Tax Savings

    Under sec 80C & 10(10D)
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    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax

    Unlike 10% in Mutual Funds

Top performing plans with High Returns*

Invest ₹10K/month & Get ₹1 Crore returns*

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6.7 Crore
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3.4 Crore
Policies Sold
Large Cap
Mid Cap
Fund Details
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5 Year
7 Year
10 Year
Equity Fund
Fund Size: 52,487 Cr
52,487 Cr
157.57 0.35%
13.01% Highest Returns
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Fund Details
Fund Size
5 Year
7 Year
10 Year
Fund Details
Fund Size
5 Year
7 Year
10 Year
Fund Details
Fund Size
5 Year
7 Year
10 Year
Bond Fund
Fund Size: 23,592 Cr
23,592 Cr
43.12 0.05%
7.65% Highest Returns
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Money Market Fund
Fund Size: 387 Cr
387 Cr
31.43 -0.02%
6.4% Highest Returns
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

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Following is the list of ULIP plans offered by SBI Life

  • SBI Life - eWealth Insurance

  • SBI Life Smart Performer

  • SBI Life Unit Plus® Super

  • SBI Life Saral Maha Anand

  • SBI Life Smart Elite

  • SBI Life Smart Scholar:

  • SBI Life Smart Horizon

  • SBI Life Smart Wealth Assure

  1. SBI Life - eWealth Insurance

    A non-participating online unit linked plan that provides you with two plan options to choose from. You get to enjoy hassle-free investment management through Automatic Asset Allocation and gain appreciative market-linked returns under this plan.

  2. SBI Life Smart Performer

    A Unit Linked, Non Participating insurance product that offers you the twin benefits of  the daily NAV Guarantee and the prospect of market upside.

  3. SBI Life Unit Plus® Super

    A ULIP policy that offers disciplined saving with high level of financial security for the family and gives you an enhanced investment opportunity through 9 varied Fund Options.

  4. SBI Life Saral Maha Anand

    A non medical investment cum insurance plan with a simple joining process.

  5. SBI Life Smart Elite

    A limited premium unit linked life insurance plan that gives you two options such as Gold and Platinum with the freedom to stay invested for a longer term.

  6. SBI Life Smart Scholar

    An unit linked education plan that gives you comprehensive protection and enables you to secure your child’s future in case of an eventuality and secures your child’s future by gaining from the financial markets and much more.

  7. SBI Life Smart Horizon

    Is a unit linked plan with automatic asset allocation, giving you  higher returns on your funds invested in the plan.

  8. SBI Life Smart Wealth Assure

    A ulip policy that gives you an option to choose a mix of funds providing Guaranteed Return and Market Linked Returns

    Comparison of SBI Life ULIP plans will help you to understand ULIP plans provided by SBI Life Insurance. Also, compare all SBI Life ulip plans and ulip plans provided by other life insurance companies in India online and buy the best ULIP policy that suits you. 

SBI Life ULIP Plans - FAQ

  • Q1. How to pay premium? What are the modes of payment available?

    Ans: There are 10 modes to pay your SBI Life Insurance premium namely:
    • Direct Remittance At Sbi Life Branch By Post Or Courier
    • Electronic Clearing Service (ECS) – Mandate
    • Direct Debit
    • Standing Instruction On Your Credit Card
    • Online Payments
      • Through State Bank Group Atms
      • Payment Through Visa Bill Pay.Com
      • Online Payment Of Premium Through Sbi Life Website
    • Si-Eft For State Bank And Associate Banks’ Account Holders
    • Payment Through Point Of Sales (Pos) Terminals At Select Sbi Life Branches
    • Payment Through Easy Access Mobile Application
    • Pay Premium In Cash At Authorized Collection Centers
    • Nach (National Automated Clearing House)

    NACH is a newly launched service that works on the same principle as that of ECS, which requires filling in a form and getting registered before availing this facility.

  • Q2. How can I check policy status for SBI Life ULIP plans?

    Ans: For checking your policy status online, login to e-portal . You need to enter customer ID, date of Birth and policy number. The details of the policy along with the status is displayed on the next screen.
  • Q3. What is the policy renewal process for SBI Life ULIP plans?

    Ans: Renewal of policy can be done by the following modes:
    • Online
    • Through SMS
    • Through SBI Brach
    • By Cash

    For renewal process, after login into your account, click on the ‘Renew Policy’ tab to proceed with premium payment.

    Alternatively, you can renew the process by using the kiosk in the SBI ATM and select the option for renewal process.

  • Q4. What is the company’s process to settle claim for SBI Life ULIP plans?

    Ans: The procedure for settling claim through SBI life Insurance requires intimating the nearest branch by submitting the list of documents as specified in the website. After the documents are verified, the claim is settled as soon as possible. In case one requires additional help or further clarifications, one can write to claims@sbilife[dot]co[dot]in
  • Q5. What is the policy cancellation process for SBI Life ULIP plans?

    Ans: The policy cancellation process requires you to submit a duly filled surrender form along with relevant documents in the nearest SBI branch in your city. Upon receiving and verifying the documents, the policy is deemed cancelled as per bank accounts record. The premium refund is calculated on NAV value prevailing at the current market rate, if you submit the policy before 3:00 PM , else next day’s NAV value is applicable.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
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