SBI LIFE – eWealth Insurance (UIN 111L100V01)   (Product Code: 1Q)

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLIYCHOLDER

"The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year."

About SBI Life – eWealth Insurance:

SBI Life – eWealth Insurance (UIN 111L100V01) is a non-participating Online Unit Linked Insurance Plan (ULIP).

Enhancing your wealth is as important as earning it. As you make efforts to create wealth, you can count on our expertise to grow it sustainably with SBI Life - eWealth insurance plan.

There are two plan options available under this product, Growth and Balanced. The premium is invested in the plan option chosen by you through the Automatic Asset Allocation (AAA) feature. The AAA feature allows you to take higher exposure to equity in the initial policy years and gradually increases the exposure to less risky Debt or Money market instruments. As your policy gets closer to maturity, funds flow from Equity to Money Market, thereby giving you the benefits of market linked returns and also protecting your investments from short term fluctuations.

Unit Linked Insurance Plan Key Features

  • Hassle free investment management through Automatic Asset Allocation
  • Choice of two plans options - Growth and Balanced. Thereafter leave the investments in the hands of our experts
  • Premiums starting as low as Rs 10,000 p.a. for yearly mode and Rs. 1,000 p.m. for monthly mode#. Max premium** Rs 1,00,000 p.a. for annual mode and Rs 10,000/- p.m. for monthly mode#
  • Sum Assured = 10 X Annualised Premium
  • No Premium Allocation Charges, thereby enhancing your Fund Value
  • Easy and Simple 3 Step Online Buying Process
  • Get Sec 80C benefit on your premiums paid, as well as Sec 10(10D) benefit on the maturity amount, subject to conditions^.
  • Twin benefit of Life Insurance Cover and Market Linked returns.

For more information on Plan Options, Charges, Fund details, etc please see Sales Brochure under Useful Links

SBI Life - eWealth Insurance Benefits

  • Twin benefits of Life Insurance Cover and Market Linked Returns
  • Maturity Benefit (Applicable only for in-force policies): On completion of Policy Term, Fund Value will be paid.
  • Death Benefit (Applicable only for in-force policies): Higher of the Fund Value or Sum Assured, net of partial withdrawals, is payable; with a minimum of 105% of total premiums paid till the date of intimation of death.
  • Liquidity through Partial Withdrawal(s) from 6th policy year onwards
  • Tax Benefits* : You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details: http://www.sbilife.co.in/sbilife/content/21_3672#5. Please consult your tax advisor for details.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

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  Customers Speak
The launch of E-wealth was another breakthrough in diversification of online products which definitely prompted me to have hands on experience of buying an online life insurance policy. After going through the Product details available in the e-mailer, it took hardly 15-20 minutes to fill the proposal form including premium payment process.


It is convenient, fast and cost me less. With a click of a mouse one can buy e-policy from any corner of the world at any point of time. The entire process is carried in the virtual world and is paperless, reducing the costs further. The biggest benefit of e-policy platform is that it offers the customer to make an informed choice. The difference from offline mode is that here you do not have to depend on anyone and are self sufficient. There is no pressure from a commissioned salesman trying to close your policy.


Extremely comfortable while buying this product online and felt confident while doing the transaction. E wealth product provides security with investment option and that too at competitive price.


The experience was awesome. It took 20 min to purchase policy. I got a call within 2 hours of purchase of policy. After uploading the documents I got call for verification within 1 hour. Email reminder was received for submission of KYC documents.


The interface is quite user friendly. Anyone who is familiar with internet can effortlessly go through this.


Online buying was never so smooth, simple and easy. It’s given in detail in break up and showing % completion also. Wonderful experience and will be a hit product among youth.


I am sure this product will be very popular in days to come. I request for relaxation in the entry age up to 60 yrs, if possible and simpler medical questionnaire.


Detailed PDF can be shown in illustration on the screen rather than just FV


Everything is fine, If customer is given Fund Switch facility, then it is very good


Fund switch option is not available, only AAA is there so it is limitation for those who want to manage or choose funds at their own. There should be slab wise premium categorization with more benefits to encourage payment of Higher Premium. STP should be introduced where initial premium goes to Bond Fund then partially it is moved to equity fund on daily basis because this will encourage MF SIP investors to buy this policy.


The purchase process of the e-product was very easy and simple in all respect. I would like to add upon the key feature of the product. There should be more funds under this plan (i.e. specially Equity and Bond )


I have had great pleasure in dealing with SBI Life so far. The earnestness and promptness displayed in taking the queries has been impressive.

Testimonials provided by policyholders are their personal comments / views based on their personal experience and shall not be taken as professional advice. SBI Life is only a facilitator of views/comments provided by the policyholder.