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
  • 10.5 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 5.3 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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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
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.
*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

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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SBI Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
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.
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