SBI Life - Unit Plus Supper is a easily changeable non participating Unit Linked Insurance Plan, particularly designed to meet your varying requirements at various stages of life. With a wide range of funds, riders and other options, this product gives you the total freedom to fulfill all your investment and insurance requirements. Ofcourse, that is not all, SBILife now also offer you ensured increases and choice of payment options, giving you far superior value.
Related Articles
The Prominent aspect of this Plan:
Guaranteed Additions# of up to 75% of one annual regular Premium on a regular premium policy, for a 30 year policy term, subject to the Policy being in force till the maturity ate.
No Policy Administration fee for first 5 years for Regular and Limited Premium Paying Term (LPPT) plans, thereby boosting your fund value.
No Premium Allocation Charge from 11th year onwards.
Guaranteed Additions starting as early as 10th policy year onwards.
Enhanced investment opportunity through 9 varied Fund Options including P/E Managed Fund, Index Fund & Top 300 Fund.
Flexible product with an option to increase/decrease your Sum Assured from 6th year onwards.
Liquidity through Partial Withdrawals.
A Clear Picture of the Product:
1. Age at Entry* Min: 7 years Max: 65 years
2. Age at Maturity 75 years
3. Policy Term :
3.1. Min. Term:For Regular Premium (RP) -10 yrs, 15 to 30 years (both inclusive)For Limited Premium Payment Term (LPPT) - 10 yrs, 15 to 30 years (both inclusive)For Single Premium (SP) - 5 years
3.2. Max. Term: For Regular/Limited/Single Premium Option – 30 years
4. Premium Payment Term:
4.1. For Regular Premium – Same as Policy Term.
For Limited Premium Payment Term (LPPT) -
4.2. Policy Term:10 year , PPT:5 or 8 years
4.3. Policy Term:15-30 years,PPT:5 or 8 or 10 years
4.4. For Single Premium – Single Payment
5. Premium Amount (X 100) Minimum Maximum
5.1. For RP Rs. 30,000 Rs. 1,50,000
5.2. For LPPT Rs. 40,000 Rs. 1,50,000
5.3. For SP Rs. 65,000 Rs. 1,50,000
6. Premium Modes: Single /Yearly
7. Sum Assured:
Minimum:
For Regular Premium (RP) & LPPT
-For Ages below 45 yrs : Higher of {10 * Annual Premium (AP) or (0.5 * Term * AP)}
-For Ages 45yrs & above: Higher of {7 * AP or (0.25 X Term X AP)}
-For Single Premium (SP)
-For Ages below 45 yrs: 1.25 * SP
-For Ages 45yrs & above: Fixed - 1.25 * SP
1. Age at Entry* Min: 7 years Max: 65 years
2. Age at Maturity 75 years
3. Policy Term :
3.1. Min. Term:For Regular Premium (RP) -10 yrs, 15 to 30 years (both inclusive)For Limited Premium Payment Term (LPPT) - 10 yrs, 15 to 30 years (both inclusive)For Single Premium (SP) - 5 years
3.2. Max. Term: For Regular/Limited/Single Premium Option – 30 years
4. Premium Payment Term:
4.1. For Regular Premium – Same as Policy Term.
For Limited Premium Payment Term (LPPT) -
4.2. Policy Term:10 year , PPT:5 or 8 years
4.3. Policy Term:15-30 years,PPT:5 or 8 or 10 years
4.4. For Single Premium – Single Payment
5. Premium Amount (X 100) Minimum Maximum
5.1. For RP Rs. 30,000 Rs. 1,50,000
5.2. For LPPT Rs. 40,000 Rs. 1,50,000
5.3. For SP Rs. 65,000 Rs. 1,50,000
6. Premium Modes: Single /Yearly
7. Sum Assured:
Minimum:
For Regular Premium (RP) & LPPT
-For Ages below 45 yrs : Higher of {10 * Annual Premium (AP) or (0.5 * Term * AP)}
-For Ages 45yrs & above: Higher of {7 * AP or (0.25 X Term X AP)}
-For Single Premium (SP)
-For Ages below 45 yrs: 1.25 * SP
-For Ages 45yrs & above: Fixed - 1.25 * SP
Maximum:
1. For Regular Premium:
For Entry Age: Below 45 yrs, Sum assured: 20 * AP
For Entry Age: 45 yrs & Above, Sum assured: 20 * AP
2. For Limited Premium:
For Entry Age: Below 45 yrs, Sum assured: 20 * AP
For Entry Age: 45 yrs & Above, Sum assured: 15 * AP
3. For Single Premium:
For Entry Age: Below 45 yrs, Sum assured: 5 * AP
* All the references to age are age as on last birthday.
For Entry Age: Below 45 yrs, Sum assured: 20 * AP
For Entry Age: 45 yrs & Above, Sum assured: 20 * AP
2. For Limited Premium:
For Entry Age: Below 45 yrs, Sum assured: 20 * AP
For Entry Age: 45 yrs & Above, Sum assured: 15 * AP
3. For Single Premium:
For Entry Age: Below 45 yrs, Sum assured: 5 * AP
* All the references to age are age as on last birthday.
