The SBI Life -Unit plus Elite is specially planned for the young generation of the present time. This policy does not only stay the investments in manage but also keeps the protection needs in control. Under this policy the customer has the freedom to choose the type of cover he or she needs.
The key features of SBI Life-Unit plus Elite are as follows:
- The premiums under this policy can be paid for a restricted term of 3, 5, 7 or 10 years, according to the convenience of the policy holder.
- The policy allows staying invested for a long term to let the money raise.
- The policy also gives the ability to invest in a wide range of funds and manage those according to the convenience of the policy holder.
- Under this Insurance plan two protection covers are available, gold and platinum.
- The Gold Cover under this plan gives cover gives benefits along with higher sum assured or fund value.
- The Platinum cover under this plan gives better benefits along with sum assured and fund value.
- This policy also gives selection of fund options like new equity fund which match the investment strategies.
- The existing funds are also available which gives growth fund, balance fund and bond fund.
- Top up premium facility is also available under this plan.
- A protection against accident and critical illness is available during the riders.
The benefits of SBI Life-Unit plus Elite are as follows:
Maturity benefit
At the end of the policy term the und value as on the time of maturity will be paid to the policy holder and the policy will then stop to exist. Under this policy the settlement option is also available.
Death benefit
If there is any case of ill-timed death of the policy holder then the nominee will collect the sum assured or the fund value whichever is higher under the gold cover and sum assured along with the fund value under the platinum cover.
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Tags: insurance plan, SBI Life Insurance, SBI Life Unit Plus Elite