Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeOnline unit-linked life-insurance planView source
Life describes eWealth Plus as a unit-linked insurance plan combining life insurance and wealth creation.
- Source
- Life eWealth Plus
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
Minimum premium₹36,000 yearly or ₹3,000 monthly. Maximum: no limit, subject to SBI Life's board-approved underwriting policy.View source
The current product page gives ₹36,000 yearly and ₹3,000 monthly as the minimums and no stated maximum other than underwriting.
- Source
- Life eWealth Plus
- Page / section
- Who Can Buy — premium range
- Accessed
- 27 Aug 2026
- Confidence
- high
Entry and maturity ageEntry age: 5–50 years. Maturity age: 18–65 years (age last birthday).View source
Life's current eligibility matrix gives the entry and maturity age ranges.
- Source
- Life eWealth Plus
- Page / section
- Who Can Buy — age at entry and maturity
- Accessed
- 27 Aug 2026
- Confidence
- high
Key coverageLife insurance cover, online buying, no premium allocation charge and a choice of two investment strategiesView source
The official page lists the online application, two investment strategies and no premium allocation charge.
- Source
- Life eWealth Plus
- Page / section
- Key Benefits
- Accessed
- 23 Aug 2026
- Confidence
- high
InsurerSBI Life Insurance Company LimitedView source
Life's official catalogue lists these individual and group products under Life Insurance Company Limited.
- Source
- Life online plans and group insurance catalogue
- Page / section
- Life plan catalogue
- Accessed
- 23 Aug 2026
- Confidence
- high
Policy and premium-payment termsRegular pay: 10–30-year policy term, with payment term equal to policy term. Limited pay: 15–30-year policy term, with 7-year or 10-year payment term.View source
The official page states different regular- and limited-pay term ranges and lists limited-pay terms of 7 and 10 years.
- Source
- Life eWealth Plus
- Page / section
- Who Can Buy — policy term and premium-payment term
- Accessed
- 27 Aug 2026
- Confidence
- high
Product codeUIN 111L147V01 | Product code 3RView source
The live product page identifies eWealth Plus as 111L147V01, product code 3R.
- Source
- Life eWealth Plus
- Page / section
- Know about Life eWealth Plus
- Accessed
- 27 Aug 2026
- Confidence
- high
Sum assured10× annualized premium.View source
Life's published matrix defines the sum assured as ten times annualized premium.
- Source
- Life eWealth Plus
- Page / section
- Who Can Buy — sum assured
- Accessed
- 27 Aug 2026
- Confidence
- high
Maturity benefitFund value at completion of the policy term, for an in-force policy.View source
The current page states that fund value is paid on completion of the policy term, subject to the policy being in force.
- Source
- Life eWealth Plus
- Page / section
- Plan Benefits — Maturity Benefit
- Accessed
- 27 Aug 2026
- Confidence
- high
Death benefitHighest of fund value at death-claim intimation, sum assured less applicable partial withdrawals, or 105% of total premiums paid including top-ups. Applicable partial withdrawals are withdrawals in the two years immediately before death.View source
Life's death-benefit formula uses the highest of fund value, adjusted sum assured and 105% of total premiums paid and defines the two-year partial-withdrawal lookback.
- Source
- Life eWealth Plus
- Page / section
- Plan Benefits — Death Benefit
- Accessed
- 27 Aug 2026
- Confidence
- high
ULIP lock-in and partial withdrawalsNo surrender or complete/
The mandated disclosure sets the first-five-year restriction; the feature section states partial withdrawals begin in policy year six.
- Source
- Life eWealth Plus
- Page / section
- liquidity disclosure and Features — partial withdrawals
- Accessed
- 27 Aug 2026
- Confidence
- high
Investment strategies and fund choiceGrowth Strategy with automatic asset allocation, or Active Strategy with 12 unit-linked funds spanning equity, debt and balanced funds. No premium-allocation charge is stated on the current page.View source
The current page describes the two strategies, twelve Active Strategy funds and no premium allocation charges.
- Source
- Life eWealth Plus
- Page / section
- Features and Affordability
- Accessed
- 27 Aug 2026
- Confidence
- high
Suicide exclusionIf the Life Assured commits suicide within 12 months from commencement of policy or revival, the death benefit is not paid. The fund value on the date of death intimation is paid to the claimant, and risk cover ceases; charges other than Fund Management Charges recovered after death are added back to the fund value.View source
The policy’s exclusion clause states that death benefit is not paid for suicide within 12 months and fund value is paid instead, with post-death non-FMC charges added back.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Part A page 7; Part C clause 17, page 40
- Accessed
- 29 Aug 2026
- Confidence
- high
Partial withdrawal rulesPartial withdrawals are available from the 6th policy year or when the Life Assured reaches age 18, whichever is later. Up to two withdrawals are allowed per policy year (one free), up to ten over the policy term; each withdrawal must be at least ₹5,000 in multiples of ₹1,000, cannot exceed 15% of fund value and must leave at least 50% of total premiums paid in the fund. The second withdrawal in a policy year costs ₹100, capped at ₹500 per transaction.View source
The policy defines the age/year trigger, frequency limits, ₹5,000 minimum, 15% maximum, 50% floor and withdrawal charges.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Part A page 6; Part C clause 4, page 26; clause 16.6, page 38
- Accessed
- 29 Aug 2026
- Confidence
- high
Fund-switching rulesSwitching is available under the Active Strategy. The first two switches in a policy year are free; subsequent switches cost ₹100 each, capped at ₹500 per switch. The minimum switch amount is ₹5,000 and allocation percentages are in 1% multiples; unused free switches do not carry forward.View source
The policy publishes two free switches yearly, the ₹100 subsequent-switch charge and cap, ₹5,000 minimum and 1% allocation multiple.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Part A page 6; Part C clause 9, page 29; clause 16.5, page 37
- Accessed
- 29 Aug 2026
- Confidence
- high
Premium redirectionUnlimited premium redirections are free for the Active Strategy from the first policy year. New allocations apply only to future premiums, in 1% multiples, and requests must be received at least 14 days before the relevant premium due date.View source
Clauses 8.1.1–8.1.5 and 16.7 state unlimited active-strategy redirections, nil current charge, 1% multiples and 14-day notice.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Part C clause 8, pages 28–29; clause 16.7, page 38
- Accessed
- 29 Aug 2026
- Confidence
- high
Premium grace period30 days from the premium due date for yearly frequency and 15 days for monthly frequency; the policy remains in force and applicable charges continue during the grace period.View source
The and policy clause 3 specify 30 days yearly and 15 days monthly, with risk cover continuing.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Part A page 7; Part C clause 3, page 26
- Accessed
- 29 Aug 2026
- Confidence
- high
Revival periodA discontinued policy may be revived within three consecutive complete years from the first unpaid premium, subject to the policy’s revival procedure and underwriting requirements.View source
The customer information sheet states a revival period of three consecutive complete years; clause 7 gives the procedure.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Part A page 7; Part C clause 7, pages 27–28
- Accessed
- 29 Aug 2026
- Confidence
- high
Free-look period30 days from receipt of the policy document. If no claim has been made, the refund follows the policy’s fund-value and charge-adjustment formula.View source
The policy gives a 30-day free-look period and specifies the refund calculation and cancellation procedure.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Welcome letter page 1; Part C IV clause 1, page 42
- Accessed
- 29 Aug 2026
- Confidence
- high
Published policy chargesPremium allocation charge is nil for all policy years. Policy administration charge is ₹100 per month, capped at ₹500 per month. Fund-management charges range from 0.25% to 1.35% p.a. by fund, with a 0.50% cap for the discontinued policy fund. Discontinuance charges apply only in policy years 1–4 and are nil from year 5 onwards; switching and partial-withdrawal charges are as stated in their dedicated facts.View source
The policy’s charges section publishes nil allocation charge, administration charge/cap, fund-management range and discontinuance schedule.
- Source
- Life eWealth Plus Policy Document ( 111L147V01)
- Page / section
- Part C clause 16, pages 36–38
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsLife insurance cover, online buying, no premium allocation charge and a choice of two investment strategiesView source
The manually reviewed product record states: “Life insurance cover, online buying, no premium allocation charge and a choice of two investment strategies”.
- Source
- Life eWealth Plus — official product page
- Page / section
- Published product metadata
- Accessed
- 23 Aug 2026
- Confidence
- high
Benefits and features
- Online application
- Two investment strategies
- Life cover with wealth creation
Eligibility
- Minimum entry age 5 years
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Life eWealth Plus Brochure / Prospectus (UIN 111L147V01)official-brochure · current · accessed 29 Aug 2026
↗SBI Life eWealth Plus — official product pageofficial-product-page · current · accessed 27 Aug 2026
↗SBI Life eWealth Plus — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗SBI Life eWealth Plus Policy Document (UIN 111L147V01)official-policy-document · current · accessed 29 Aug 2026
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