SBI Life-Unit Plus II Pension | SBI Life Insurance

The SBI Life Insurance -Unit Plus II Pension plan is a non participating unit linked pension policy which gives the option of investment period from 5 years to 52 years. This Insurance policy has both the options of choosing a single premium pr regular premium. The contribution made in the policy will be invested in 5 funds according to the choice of the policy holder.

The key features of SBI Life-Unit Plus II Pension are as follows:

This policy gives the alternative to invest and control 4 different funds according to the risk appetite.

Under this policy 2 options are existing namely; Pure Pension and Pension cum Life Cover.

For the pure pension plan no medical document or test is required. It has the automatic acceptance facility.

This policy also gives the flexibility to increase the regular assistance.

The payments can be ready by top up, any amount any time.

The customers can modify the plan by adding the riders.

This policy also gives a 15 days lock period.

Minimum age for the policy is 18 years.

Maximum age for the policy is 65 years.

Minimum policy term 5 years.

Maximum policy term 52 years.

The benefits of SBI Life-Unit Plus II Pension are as follows:

As death benefit
During the phase of growth

If opt for pure pension plan fund value will be paid in lump sum to nominee.

If opted for Pure Pension Plan with life cover the elevated of fund value or sum assured will be paid in lump sum to nominee.

Rider benefits

Available riders:

Accidental Death and Total Permanent Disability Rider

Critical Illness Rider

Tax benefits

This policy saves tax u/s 80 CCC (1) of IT Act.

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Tags: insurance policy, Pension Plan, SBI Life Insurance