State Bank of India Life Insurance – SBI Life – Unit Plus® Super ULIP

SBI Life Insurance

SBI Life Insurance has come up with new ULIP plan – Unit Plus Super. The main features of this product are:

  • 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 date.

  • 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

  • Option to pay Regular/Limited/ Single Premium; Switch or Redirect your premiums

  • Flexible product with an option to increase/decrease your Sum Assured from 6th year onwards

  • Life Insurance coverage, with minimum Sum Assured, based on your age

  • Liquidity through Partial Withdrawals.

  • Min. premium amt. is Rs. 30,000 annually.

  • Premium waiver rider is also available. So one can take this plan for children higher education & marriage planning.

  • Maturity Benefit: On completion of Policy Term, Fund Value will be paid.

  • Death Benefit: Higher of the Fund Value or Sum Assured is payable; with a minimum of 105% of total basic premiums paid till the time of death.

  • Option of adding additional money through top-ups.


Premium Payor Waiver Benefit Rider: In the event of the death of the Proposer, the cover for the Life Assured under the base policy continues and the future premiums under the base policy, payable during the rider term, will be paid by the Company.

Income Sustainer Rider: Provides additional benefit in the case of death or in the case of Total & Permanent Disability due to Accident or Sickness, whichever is earlier. A 25% of income sustainer benefit sum assured is paid upfront and 1% of income sustainer benefit sum assured is paid monthly in arrears for 10 years or till the end of the base policy term (capped at a maximum of 30 years) whichever is higher.

* For any partial withdrawal done, the guaranteed addition shall be reduced proportionately.

You can download the official brochure of this product from  here.

Summary: The plans seems to be a good ULIP Plan, if your time horizon is long term i.e. 15-20 years of time.


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  1. its is the best product i have ever seen i have invested 200000 and it has already yeilded growth of 70000 in 8 months friend forget LIC and invest in NEW GENERATION Sbi Life product.

  2. Sir,
    My father has one policy with Sbi deatils as AF3192302 single premium .Plz explain detail of the plan.

  3. Hi,

    I am new to Mutual funds and shares. I need to invest around 20k to 30k per annum and get the good return.I need tax exemption and can invest for more than a decade.So kindly suggest some good option such that amount of investment per year can be increased after 5 years.

  4. Hello,

    I have invested in SBI unilt plus super Rs30000/annum..I am new to investments and any one please inform me how the fund value is is calculated daily which affects our units.
    For ex i have invested in SBI top 300 gund and which all shares or funds are considered in calculating this value daily ?

    • Calculation of NAV depends upon no. of factors like fund value of all the shares in a fund, expenses, outstanding units etc. Since, you’re a beginner, do not go so deep in such calculations. You can check the latest NAV of your funds from

      Hope it will help you.

    • Final maturity amount depends upon number of factors like age, tenure, premium, S.A., etc. I suggest you to visit official website of SBI Life insurance for benefit illustration of this product as per your requirements or contact their customer care department.
      Hope it will help you.

  5. Dear sir,

    My policy no.28009397902,as unit plus// Pension option I: Pure Pension
    Request to send details or sms me on my recarding growth pension fund details now


  6. its is the best product i have ever seen i have invested 200000 and it has already yeilded growth of 70000 in 8 months friend forget LIC and invest in NEW GENERATION Sbi Life product.