SBI Life Insurance - Unit Plus Pension Plan II - Equity Pension Fund

NAV on (08 May 2026)

73.9234

Objectives

This is a non participating Unit Linked Pension Plan which gives you flexibility to choose your investment pattern to generate market linked returns according to your risk appetite.
A pension plan has two phases namely Accumulation phase and Annuity Phase.
In the Accumulation Phase, your premium is invested in unit funds which gives market related returs yout to build your retirement kitty.On the Vesting Date, you may opt to take up to one-third of the accumulated amount as a lumpsum, tax free as per the current law. In the Annuity Phase, you will receive lifetime returns based on your fund accumulation and choice of Annuity option.
Equity Pension Fund:

Assets	Minimum	Maximum	Risk Profile
Equity & Equity Related Instruments	60%	100%	High
Debt and Money Market Instruments	Nil	20%	High

Features

Features:
1.Unmatched Flexibility to match your changing requirement.
2.Choice of 5 investment funds: you can change the allocation percentage when you want,4 switches free per annum.
3.Choice of term : Limited term or whole life.
4.Attractive riders available.

Benefits

Benefits of Unit Plus II Pension Plan:
1.Guaranteed Additions by way of free allocation of units:
The bonus units are rewarded for the Policy Term of 20 years and above, when no premiums are due and the policy is in full force.
For Regular Premium Mode:

End of Policy Year	Free Allocation of Unit as a % of Average Annualized Regular Premium
10	10% of Average Annualized Regular Premium for the first 10 Policy Years
15	20% of Average Annualized Regular Premium for the first 15 Policy Years
20	30% of Average Annualized Regular Premium for the first 20 Policy Years

For Single Premium Mode:

End of Policy Year	Free Allocation of Unit as a % of Single Premium
10	1% of Single Premium
15	2% of Single Premium
20	5% of Single Premium

During the Accumulation Phase:

2.Maturity Benefit: At maturity, the Fund Value as on that date is paid in full.
3.Death Benefit: In the unfortunate event of the death
A.Before or the age 7 years: Fund Value is payable to the nominee.
B.After attaining age 7 and before 65th birthday, the beneficiary will receive higher of Fund Value or Sum Assured less Partial Withdrawals within the last 12 calender months.
C.If death occurs after age 65, the beneficiary will receive the higher of the Fund Value or Sum Assured less all the Partial Withdrawals made in the last 12 calender months before attaining the age of 65+ all withdrawals made after attaining the age of 65 will be set off against the Sum Assured excluding partial withdrawals from Top Up Amount.
4.Tax Benefits: Tax benefit as per section 80C and 10(10D) of Income Tax Act.

Entry Age Details

Entry age of 18 to 65 years

Premium Payment Term

Premium Frequency	Minimum Premium	Maximum Premium
Single	25,000 (in multiples of 1000)	No Limit
Yearly	24,000 (in multiples of 100)	No Limit
Half Yearly	12,000 (in multiples of 100)	No Limit
Quarterly	6,000 (in multiples of 100)	No Limit
Monthly	2,000 (in multiples of 100)	No Limit

Top-up Premium

For Top-Up Premium:
(in percentage of the Top-Up Premium Amount) Top-Up premium received during first 10 Policy Year: Allocation Charge: 1% of the relevant Top-Up Premium with max cap of Rs. 10,000/-
Top-Up Premium received from year 11 onwards: Nil

Sum Assured Details

In case you have opted for Option II, your Sum Assured will be as mentioned below:
For Single Premium Mode

Age at Entry	Sum Assured
18-35	125% of Single Premium subject to maximum SA of Rs. 10 Lacs
36-45	125% of Single Premium subject to maximum SA of Rs. 5 Lacs
46-60	125% of Single Premium subject to maximum SA of Rs. 1.2 Lacs

For Regular Premium Mode

Age at Entry	Sum Assured
18-25	5 or 10 times First Annualised Premium subject to maximum SA of Rs. 10 Lacs
36-45	5 or 10 times First Annualised Premium subject to maximum SA of Rs. 5 Lacs
46-60	1.2 Lacs

Investment Details of the Plan

You can invest in 5 investment funds viz. Equity Optimiser Fund, Equity Pension Fund, Bond Pension Fund, Growth Pension Fund and Balanced Pension Fund. Find below the asset allocation and risk profile of each fund. You can invest in any one or combination of the above mentioned funds.

Equity Optimiser Fund :The objective of this fund is to provide equity exposure targeting higher returns through long term capital gains.

Assets	Minimum	Maximum	Risk Profile
Equity & Equity Related Instruments	60%	100%	High
Debt and Money Market Instruments	Nil	40%	High

Equity Pension Fund:

Assets	Minimum	Maximum	Risk Profile
Equity & Equity Related Instruments	60%	100%	High
Debt and Money Market Instruments	Nil	20%	High

Bond Pension Fund:

Assets	Minimum	Maximum	Risk Profile
Debt Instruments	60%	100%	Low to Medium
Money Market Instruments	Nil	40%	Low to Medium

Growth Pension Fund:

The investment objective of this diversified fund is to provide long term capital appreciation through investments primarily in Equity & Equity related instruments.

Assets	Minimum	Maximum	Risk Profile
Equity & Equity Related Instruments	40%	100%	Medium to High
Debt and Money Market Instruments	Nil	60%	Medium to High

Balanced Pension Fund:

The investment objective of this diversified fund is to provide accumulation of income through investment in various fixed income securities and maintain a suitable balance between return, safety and liquidity.

Assets	Minimum	Maximum	Risk Profile
Equity & Equity Related Instruments	40%	60%	Medium
Debt and Money Market Instruments	40%	60%	Medium

Premium allocation Charges

Premium Allocation Charges:

a) For Regular Premium Mode: (in percentage of Regular Annualised Premium)

Annualised Premium	24,000-100,000	100,100-500,000	500,100 & Above
Y1	15%	12%	9%
Y2 & Y3	7.5%	5%	3%
Y4 & Y5	5%	5%	3%
Y6 & Y10	2%	2%	2%
Y11 onwards	Nil	Nil	Nil

b) For Single Premium Mode: (in percentage of Single Premium Amount)

Single Premium	25,000-100,000	101,000-500,000	501,000 & Above
	4%	3%	2%

Fund Management Charges

Fund Management Charges:

A certain fixed percentage of the relevant fund before calculating the NAV on a daily basis will be charged as per the rates below:

Fund Name	Fund Management Charges
Equity Optimiser Fund	1.50% p. a.
Equity Pension Fund	1.50% p. a.
Bond Pension Fund	1.00% p. a.
Growth Pension Fund	1.35% p. a.
Balanced Pension Fund	1.25% p. a.

These charges may be increased, subject to IRDA approval up to a maximum of 2.5% per annum.

Mortality Charges

Mortality Charges:
Mortality Charges will be deducted on a monthly basis on the Life Cover by cancellation of units. Mortality Charges will vary each year and will depend on your age.

Policy Administration Charges

Policy Administration Charges:
Monthly Administrative Charges are equal to Rs. 60/- for Financial Year 2006-07. This will be increased by 2% p.a. for each subsequent year on the first business day of the Policy Month following 1st of April each year, subject to a ceiling of Rs. 300 per month. These charges will be deducted at the start of each Policy Month by cancelling appropriate number of units.

Rider Premium Charges

Rider Charges:
Rider Charges are deducted on the first business day of each Policy Month from Fund Value by way of cancellation of units.

Switching Charges

Switching Charges:
The first 4 switches are free of cost per Policy Year. 5th switch onwards Rs. 100/- per switch will be deducted from the fund amount to be switched.

Surrender Charges

Surrender Charges:

This charge will be applicable when the policy is surrendered.

Policy Year	For Regular Premium Mode	For Single Premium Mode
Y4&Y5	2% of Fund Value	Nil
Y6 to Y10	1% of Fund Value	Nil
Y11 onwards	Nil	Nil

Returns (as on 08-May-2026)

Period	Absolute (%)	Annualised (%)
1 Week	1.4	0
1 Month	2.4	33.7
3 Months	-3.9	-14.8
6 Months	-3.2	-6.4
1 Year	3.6	3.6
2 Years	3.2	1.6
3 Years	41.3	12.2
5 Years	72.9	11.5

NAV Chart

Historic Graph:

From

52-week High

₹78.7023

02-Jan-2026

52-week Low

₹67.4438

31-Mar-2026

Claim & Solvency Ratio

Claim Ratio	Solvency Ratio
98% (2023-24)	2% (March 2024)

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What is health insurance? +

Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It may also provide coverage for other types of health-related costs, such as prescription drugs, mental health services, and preventive care.

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Health insurance helps protect you from high medical costs. It provides access to medical care when you need it, helping to pay for doctor visits, hospital stays, surgeries, prescription medications, and other health-related services.

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What is a deductible? +

A deductible is the amount of money you must pay out-of-pocket before your health insurance starts covering your medical expenses. For example, if you have a deductible of $1,000, you must pay $1,000 out-of-pocket before your insurance starts covering your medical bills.

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What is the difference between in-network and out-of-network providers? +

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What is a Health Savings Account (HSA)? +

A tax-advantaged account for people with high-deductible health plans (HDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Flexible Spending Account (FSA)? +

A tax-advantaged account for people with low-deductible health plans (LDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Health Maintenance Organization (HMO)? +

An HMO is a type of health insurance plan that requires you to choose a primary care physician (PCP) and get referrals from them to see specialists. HMOs often have lower premiums and out-of-pocket costs but offer less flexibility in choosing providers.

What is a Preferred Provider Organization (PPO)? +

A PPO is a health insurance plan that offers more flexibility in choosing healthcare providers and doesn’t require referrals to see specialists. You can see any doctor, but you’ll pay less if you use in-network providers.

What is the difference between a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? +

HSA: A tax-advantaged account for people with high-deductible health plans (HDHPs) The funds roll over from year to year and can be used for qualifying medical expenses. FSA: A tax-advantaged account for people with low-deductible health plans (LDHPs) The funds roll over from year to year and can be used for qualifying medical expenses.

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A pre-existing condition is a medical condition that you had before you got your health insurance. It could include things like diabetes, high blood pressure, or heart disease.

Can I cancel my health insurance at any time? +

Yes, you can cancel your health insurance plan at any time. However, if you cancel outside the open enrollment period, you may not be able to get another plan until the next enrollment period unless you qualify for a Special Enrollment Period.

Are prescription drugs covered by health insurance? +

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What is preventive care? +

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What happens if I don't have health insurance? +

If you don’t have health insurance, you can still access some health care services, such as emergency care, in-network doctors, and in-network hospitals. You may be eligible for Medicaid, which provides some health care services at no cost to you.

What is life insurance? +

Life insurance is a contract between you and an insurance company, where you pay regular premiums in exchange for a lump sum payment (death benefit) to your beneficiaries upon your death.

What are the different types of life insurance? +

Term Life Insurance: Provides coverage for a specific period (e.g., 10, 20, or 30 years). If you pass away during this term, your beneficiaries receive the death benefit. It does not build cash value. Whole Life Insurance: Offers lifetime coverage with a death benefit and also builds cash value over time, which you can borrow against or use. Universal Life Insurance: A flexible policy that allows you to adjust the premiums and death benefit while also building cash value.

How much life insurance coverage do I need? +

The amount of coverage you need depends on factors like your income, debts, family needs, and long-term financial goals. A common rule is to have coverage worth 10 to 15 times your annual income, but this can vary based on your individual situation.

What is the difference between beneficiaries and policyholders? +

The policyholder is the person who owns the life insurance policy and pays the premiums, while the beneficiary is the person or group that receives the death benefit when the policyholder passes away.

Can I change my beneficiaries? +

Yes, you can change your beneficiaries at any time during the life of the policy, as long as the policy is in force and you follow the correct procedure with the insurance company.

What is the contestability period? +

The contestability period is the time during which you have the right to contest the decision of the insurer to pay the death benefit. This period varies depending on the type of life insurance policy and the insurer.

Does life insurance cover accidental death? +

Some life insurance policies include accidental death coverage, while others may require a separate rider for this benefit. Be sure to review your policy to understand what’s covered.

Can I cancel my life insurance policy at any time? +

Yes, you can cancel your life insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is cash value? +

Cash value is the accumulated value of the life insurance policy that can be used to pay for expenses, such as medical bills or funeral expenses.

How do I borrow against cash value? +

You can borrow against the cash value of your life insurance policy, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What is the difference between whole life and universal life insurance? +

Whole life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years) and builds cash value over time. Universal life insurance offers lifetime coverage with a death benefit and also builds cash value over time.

How are life insurance premiums determined? +

Life insurance premiums are based on factors like age, health, lifestyle (e.g., smoking), coverage amount, and type of policy. Generally, younger, healthier individuals pay lower premiums.

Can I borrow money from my life insurance policy? +

If you have a whole life or universal life policy, it may build cash value over time. You can borrow against this cash value, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What happens if I stop paying my life insurance premiums? +

If you stop paying premiums, your policy may lapse. For permanent policies like whole or universal life, the cash value may cover the premiums for a time, but eventually, if premiums are not paid, the policy will end.

What is auto insurance? +

Auto insurance is a contract between you and an insurance company that provides financial protection against damage or injury caused by accidents, theft, or other incidents involving your vehicle. It covers both liability and your vehicle's repair costs depending on the type of policy.

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There are several types of auto insurance coverage, including liability, collision, comprehensive, uninsured/underinsured motorist, and additional coverage like roadside assistance and collision damage waiver.

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The amount of coverage you need depends on factors such as the value of your car, your driving habits, your state's legal requirements, and whether you own or lease your vehicle. A good starting point is to meet your state's minimum required coverage, but you may want additional coverage for added protection.

Can I cancel my auto insurance policy at any time? +

Yes, you can cancel your auto insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between liability and comprehensive coverage? +

Liability coverage covers the damages and injuries caused by accidents, while comprehensive coverage also covers non-accident damages, such as theft or vandalism.

How do I choose the right auto insurance policy? +

When selecting an auto insurance policy, consider factors such as the type of coverage you need, your driving habits, the value of your vehicle, and your state's legal requirements.

What factors affect my auto insurance premium? +

Several factors impact your insurance premium, including: Your driving history (accidents, tickets), The make, model, and age of your car, Your location (accident rates in your area), Your age, gender, and marital status, The level of coverage you choose, Your credit score (in some states).

What is a deductible? +

A deductible is the amount you must pay out of pocket before your insurance policy starts to cover the remaining cost of repairs or claims. For example, if you have a $500 deductible and incur $2,000 in damages, you will pay $500, and your insurer will pay the remaining $1,500.

What is the difference between comprehensive and collision coverage? +

Collision coverage pays for repairs to your vehicle after a collision with another vehicle or object, regardless of who is at fault. Comprehensive coverage covers non-collision incidents, such as theft, vandalism, or damage from natural disasters.

Can I get uninsured/underinsured motorist coverage? +

Yes, uninsured/underinsured motorist coverage is available in some states. This coverage provides financial protection for you if another driver is uninsured or underinsured.

Is auto insurance required by law? +

Yes, in most states, you are required to have a minimum level of liability insurance. Some states also require additional coverage like Personal Injury Protection (PIP) or uninsured motorist coverage. The requirements vary by state, so it’s important to check your local laws.

What happens if I don’t have auto insurance? +

If you drive without insurance, you risk facing legal penalties, fines, and the possibility of your driver's license being suspended. If you're involved in an accident, you could be held responsible for the damages.

Can I add other drivers to my auto insurance policy? +

Yes, you can add other drivers, such as family members or friends, to your policy. However, their driving record and age may affect your premium. It's important to inform your insurer about all the drivers in your household.

What should I do if I get into an accident? +

If you're in an accident, follow these steps: Ensure safety by moving to a safe location if possible. Call the police and file a report. Exchange contact and insurance information with the other driver(s). Take photos of the accident scene, vehicle damage, and injuries. Notify your insurance company about the accident as soon as possible.

What is home insurance? +

Home insurance is a contract between you and an insurance company that provides financial protection against damage or loss caused by natural disasters, theft, or other incidents.

What types of home insurance coverage are available? +

There are several types of home insurance coverage, including flood, fire, burglary, and liability. You may also have coverage for water damage, mold, and other property damage.

How much home insurance do I need? +

The amount of home insurance coverage you need depends on the value of your property, the type of coverage you want, and your insurance provider. You may also need additional coverage for water damage, mold, and other property damage.

Can I cancel my home insurance policy at any time? +

Yes, you can cancel your home insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between flood and fire coverage? +

Flood coverage covers damage caused by floods, while fire coverage covers damage caused by fires.

How do I choose the right home insurance policy? +

When selecting home insurance, consider factors such as the type of coverage you need, the value of your property, and your insurance provider.

What factors affect my home insurance premium? +

Factors such as the type of coverage you need, the value of your property, and your insurance provider can significantly impact your premium.