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State Bank of India (SBI) Life Insurance - Individual Plans
Unit Plus II Plan - Regular

SBI Unit Plus Super ULIP SBI Money Back Plans SBI Scholar II - Children Plan

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Unit Plus Super ULIP - New ULIP with multiple benefits
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Insurance and Investment Plans - Unit Plus II Plan
SBI Unit Plus II - A ULIP plan that can be taken as regular savings, Child education / marriage and retirement plan. - Highly Recommended
  It may be difficult to understand all your needs but as your preferred life insurance company, SBI Life definitely understands all your financial & insurance needs. SBI Life - Unit Plus II Plans are an attempt to meet all your financial & insurance needs through a single non participating product. You can use it the way you like. Whatís more you get market linked returns which in the long term has always proved to give better returns than traditional savings products.
  The best of this product is that it can be invested with the target of your regular savings, your child's higher education plan or marriage plan and your own pension plan - 3-in-1. You need not go for separate plans.

  Key Features:
Minimum annualized premium is Rs.24,000 p.a. with no upper limit.
Premium mode can be yearly, half-yearly, quarterly or monthly.
You can get the life insurance for the whole life i.e. till 99 years of age.
You can increase/decrease the premium after 3 years.
You can increase/decrease the S.A. after 3 years.
You can make partial withdrawals after 3 years
You can also make additional investments via Top-ups to get the benefit of down market
Different options to invest in stock market / Govt. Securities from 0% to 100% with flexibility to change later on
0% surrender charges after 3 years
Guaranteed additions from the company after 8th, 15th and 20th years as 15%, 25% and 60% of last n years average annualized premium.
In case of death of policyholder, the nominee will get S.A. or fund value, whichever is higher.
Get the benefit of Sec80C of IT act on premium and save your income tax.
Guaranteed Additions(Only for SBI Life - Unit Plus II Regular):
Year Percentage Of Average Annualised Regular Premium
8th 15 % ( Of Annualised Average Premium for the first 8 Policy years )
15th 25% ( Of Annualised Average Premium for the first 15 Policy years )
20th 60 % ( Of Annualised Average Premium for the first 20 Policy years )
Total 100%
  A healthy male at age 30 starts investing Rs.50,000 every year for 20 years. He gets a S.A. of Rs.5 lacs from day 1, which he can increase/decrease later on. Guaranteed additions will be Rs.7,500, Rs.12,500 and Rs.30,000 respect. on regular intervals irrespective of the stock market movements. @10% p.a. growth, his fund value will be Rs.26,08,408 tax-free after 20 years which he can use for the higher education / marriage of his child. He can continue the policy at that time, if he wishes, and plans his retirement life also in the same plan.

  Maturity Benefit: At maturity, the Fund Value as on that date is paid in full.
  Death Benefit: In the unfortunate event of the death
  Before or the age 7 years: Fund Value is payable to the nominee.
  After attaining age 7 and before 65th birthday, the beneficiary will receive higher of Fund Value or Sum Assured less Partial Withdrawals within the last 12 calender months.
  If death occurs after age 65, the beneficiary will receive the higher of the Fund Value or Sum Assured less all the Partial Withdrawals made in the last 12 calender months before attaining the age of 65+ all withdrawals made after attaining the age of 65 will be set off against the Sum Assured excluding partial withdrawals from Top Up Amount.
Who can buy this product? 
  If you are in good health and in the age group of 0 to 65 you can opt for these plans.
  Last but not the least, you will get the seal of trust and loyalty from the most reputed name - State Bank of India.
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