SBI Life EWealth Insurance Offers Dual Benefits Of Wealth Creation And Life Insurance Cover – SBI Life has offered a big scheme Known as eWealth Insurance plan, which is an online unit-linked insurance plan (ULIP) that aims to help you amass more wealth this plan will also provide dual benefits of wealth creation and life insurance cover. You can choose this plan for 10 to 20 years as it offers the convenience of paying the premiums in easy-to-afford monthly payments or regular annual payments.
SBI Life eWealth Insurance: Key Features
- The SBI policy presents the potential to have customers’s wealth grow at an impressive pace.
- The minimum tenure for this policy is 10 years and the maximum is 20 years.
- The premium paying term will be the same as the term of the policy itself.
- Customers will need to either pay them annually or on a monthly basis. However, the minimum annual premium that can be paid is Rs. 10,000 and the maximum is Rs. 1 lakh. And for the monthly payments, the minimum monthly payment is Rs. 1,000 and the maximum is Rs. 10,000.
- Easy wealth management with Automatic Asset Allocation.
- No allocation charges.
Advantages of SBI Life eWealth Insurance Plan
Security: In case of death, your family will be financially secured and there is an automatic adjustment of your funds based on market fluctuations.
Flexibility: Select the plan option you want to invest in.
Simplicity: You can buy the policy online in a hassle-free manner.
Liquidity: You will be offered mobility to withdraw partial amounts to meet any unforeseen expenses.