SBI Life Insurance offers new ULIP plans to customers

NEW DELHI: SBI Life Insurance has started offering Smart Wealth Assure, the new unit-linked insurance plan (ULIP) of the company, to its existing and new insurance policy subscribers to meet the specific insurance needs and demands of different customers.

Available with ten to thirty years of policy term, the ULIP Smart Wealth Assure guarantees to offer fixed, pre-specified returns as net asset value (NAV) to the policy holders after the completion of policy term of ten years. This single premium insurance plan also enables policyholders to avail the benefits of optional accidental death plan.

Customers can avail this new ULIP with minimum Rs 50,000 insurance amount and starting from the sixth year of policy term, they can avail the facility of partial amount withdrawal. Smart Wealth Assure is designed by SBI Life Insurance to provide policy cover for people aging minimum eight years to maximum sixty-five years. With the introduction of Smart Wealth Assure, SBI Life Insurance is now offering eight ULIPs to its existing and new customers.