SBI Life Insurance - Unit Plus Plan - Balanced Fund

NAV on (27 Feb 2026)

73.846

Objectives

It is a Unit Linked Insurence Plan available for parents who have a child between age 0-15 years. You pay Premiums for a limited period and your benefits continue till your child becomes an adult. After deduction of charges, your money can be invested in five funds as per your choice and risk appetite. At the end of the term your accumulated Fund Value can be used for your childs Higher Education, Marriage, Financial Security or anything else while withdrawals facility helps you to meet unplanned expenses.Br>Balanced Fund:
The objectives of this diversified fund is to provide accumulation of income through investments in various fixed income securities and maintain a suitable balance between return, safety and liquidity.
Assets Minimum Maximum Risk ProfileEquity & Equity Related Instruments 40% 60% MediumDebt & Money Market Instruments 40% 60%

Features

Additional Features of the Plan:
Tax Benefit*:
1. U/s 80C of the Income Tax Act 1961 on your premiums.
2. U/s 10(10D) of the Income Tax Act 1961 on your maturity proceeds of the policy.
Please note that if the premium paid in a financial year exceeds 20% of the Sum Assured, 10(10D) benefit will not be available and 80C benefit will not be available for the premium exceeding 20%.
*Subject to change in the tax laws. Please consult your Tax Advisor for details.
Free Look Period:
You can review the terms and conditions of the policy, 15 days from the date of the receipt of the policy document and where you disagree to any of those terms and conditions, you have the option to return the policy stating the reasons for your objection.
The amount refunded to you would be:
Fund Value + (Premium Allocation Charges + Mortality Charges + PPWB Charges + Rider Charges, if any + Policy Administration Charges) already deducted - (Stamp Duty + Medical Expenses if any and Payment Instrument Collection Charges).Grace Period:
30 days for Yearly, Half Yearly and Quarterly Premium Payment Mode; 15 days if the Premium Payment Mode is Monthly

Benefits

Benefits of Unit Plus Child Plan :
Triple Benefits for your child's future in your absence:
In case of your unfortunate demise:
1. Benefit 1: We pay the Sum Assured in a lump sum.
2. Benefit 2: We continue to pay your regular premium on your behalf (Premium Payor Waiver Benefit).
3. Benefit 3: Fund Value is payable at maturity.
Loyalty Units by way of free allocation of units:
To celebrate the 18th year of your child, we offer Loyalty Units by way of free allocation of Units based on the average of last 24 months Fund Value (if there are no unpaid premiums).
0.15% * average last 24 months Fund Value * No. of policy years till age 18
Example: if age of the child at entry is 4 years, the Loyalty Units payable as on age 18 will be 0.15% * 14 = 2.1% of average Fund Value in the 24 months preceeding the 18th birthday.
Maturity Benefit:,br>On completion of the Policy Term, Fund Value will be paid to you.

Coverage

Cover continuance option:
After payment of the first three Annualized Premiums, in case you are unable to pay Renewal Premiums, your Basic Cover (inclusive of Premium Payor Waiver Benefit) and Rider Cover, if any, will continue automatically till the end of the Revival Period. If you want to avail this option after the Revival Period, you need to send us a written request before the end of the Revival Period.
Flexibility to change your cover amount2:
From 3rd Policy Year onwards, effective on next Policy Anniversary, you can increase or decrease the Sum Assured Multiplicator Factor (SAMF). Subject to IRDA ULIP guidelines & Product Limits. Increase in SAMF will automatically impact the Sum Assured, Mortality Charges and is subject to underwriting acceptance and policy limits.

Entry Age Details

Eligibility Criteria:

Entry Age
Parent	Min: 18 years	Max: 57 years
Child	Min: 0 years	Max: 15 years
Age at Maturity
Parent	Max: 65 years
Child	Min: 18 years	Max: 25 years
Premium Payment Term
PPT	3yrs/5yrs/7yrs/Till the child attains 18yrs
Min Premium (x 100)
Min Yearly Premium	PPTof 3 yrs : Rs. 84,000	PPT of 5 yrs: Rs. 60,000
	PPT of 7 yrs : Rs. 48,000	PPT till child attains 18 yrs : Rs. 12,000
There is no limit for the maximum premium for any Premium Payment Term
Top-Up Premium (x 1,000)
	Min : Rs. 2,000	Max: 25% of the basic regular premium paid till date
Premium Mode
	Mode can be yearly, half-yearly, quarterly or monthly*
Policy Term
Min. Term	8 yrs or (18 - chi Id's Age at Entry) whichever is higher
Max. Term	25 yrs
Sum Assured
Min Sum Assured	5*AP (Annualized Premium)
Max Sum Assured	For Age 18-40 yrs : 25AP For Age 51-57 yrs : 15 AP	For Age 41-50 yrs : 20 *AP

* Monthly mode is available through Standing Instructions I ATMs I ECS I Internet only, 3 months premium to be paid
in advance.

Premium Payment Term

Premium Payment Term
PPT : 3yrs/5yrs/7yrs/Till the child attains 18yrs
Min Premium (x 100)
Min Yearly Premium
PPTof 3 yrs : Rs. 84,000 PPT of 5 yrs: Rs. 60,000
PPT of 7 yrs : Rs. 48,000 PPT till child attains 18 yrs : Rs. 12,000
There is no limit for the maximum premium for any Premium Payment Term

Top-up Premium

Any additional income at any point of time can be invested under this plan as a Top-Up premium payment. Top-Ups are not allowed in case of unpaid premium and they will not have an impact on the Sum Assured. No Top-Up premium will be allowed after the death of the Life Assured.
Each nominal Top-Up amount has a 36 months lock-in period from payment date. This is not applicable for Top-Up received within the last 3 Policy Years.
Top-Up Premium (x 1,000)
Min : Rs. 2,000
Max: 25% of the basic regular premium paid till date

Sum Assured Details

Min Sum Assured :
5*AP (Annualized Premium)
Max Sum Assured :
For Age 18-40 yrs : 25*AP
For Age 51-57 yrs : 15* AP
For Age 41-50 yrs : 20 *AP

Investment Details of the Plan

Fund Options:

Currently there are 5 investment fund options which are available to you viz. Equity Optimiser Fund, Equity Fund, Bond
Fund, Growth Fund and Balanced Fund. Details and Asset Allocation of the funds are given below.

You can invest in any one or combination of the above mentioned funds (x 5%).

The various fund names offered under this contract do not in any way indicate the quality & nature of these funds, their future
prospect and returns.

The company reserves the right to add new fund option or close any of the above mentioned funds. The company shall
select the investments, including derivatives and units of mutual funds, by each fund at its sole discretion subject to the
investment objectives for the respective plan and the IRDA regulations.

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 & Money Market Instruments	Nil	40%	High

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

Assets	Minimum	Maximum	Risk Profile
Equity & Equity Related Instruments	80%	100%	High
Debt & Money Market Instruments	Nil	20%	High

Bond Fund: The objective of this fund is to allow the policyholder an option to park his funds in debt instrument which
may be relatively safer and help in reducing the volatility of the investments.

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

Growth Fund: The objective of this diversified fund is to provide long term capital appreciation through investments
primarily in Equity and Equity Related Instruments.

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

Balanced Fund: The objective of this diversified fund is to provide accumulation of income through investments 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 & Money Market Instruments	40%	60%	Medium

Withdrawal

Partial Withdrawl
We recognize your need for immediate liquid cash. Keeping this in mind we give you the flexibility of withdrawing your money anytime after the completion of 3 Policy Years and on payment of 3 years premium. 4 Partial Withdrawals are free per Policy Year. This facility is not available after death of the Life Assured.

Premium allocation Charges

Premium Allocation Charges:

Premium Allocation Charges: (in % of Regular Premium)
Annualized Premium	Upto Rs. 500,000	Rs. 500,100-Rs.1,000,000	Rs. 1,000,100 & above
Year 1	18%	17%	15%
Year2-3	5%	5%	5%
Year4-7	2%	2%	2%
Year 8 Onwards	1%	1%	1%
Top-Up Premium Allocation Charges : 1 % of Top-Up Premium Amount

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 Fund	1.5%p.a.
Equity Optimiser Fund	1.5% p.a.
Bond Fund	1%p.a.
Growth Fund	1.35% p.a.
Balanced Fund	1.25% p.a.

These charges may be increased upto 2.5% p.a. for Equity Optimiser, Growth Fund & Balanced Fund and upto 2% p.a. for Equity Fund & Bond Fund subject to prior approval from IRDA.

Mortality Charges

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

Policy Administration Charges

Policy Administration Charges:
Monthly Policy Administrative Charges are Rs.60/- for the financial year 2007-08. This will be increased by 2% p.a. for each subsequent year on the first business day of the Policy Month following 1st April each year, subject to maximum of Rs. 300/- per month.
These charges will be deducted on the first business day of each Policy Month by way of 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:
4 switches are free in a Policy Year, any switch in excess of the free switches will attract a charge of Rs. 100/-.

Surrender Charges

Surrender Charges:

The Surrender Charge will be recovered from the surrender amount. Surrender Charges are in percentage of the Fund Value
and will be relevant to the Policy Year in which the surrender request has been received or relevant to the Policy Year of the
first unpaid premium if the unpaid premium pertains to the first three Policy Years.

Year 2 : 25%

Year 3 : 15%

Year 4 : 4%

Year 5 : 2%

Year6onwards:Nil

Returns (as on 27-Feb-2026)

Period	Absolute (%)	Annualised (%)
1 Week	-0.6	0
1 Month	0.4	5.6
3 Months	-1.7	-6.6
6 Months	2.5	5.1
1 Year	8.8	8.8
2 Years	13.8	6.7
3 Years	34.3	10.3
5 Years	52.7	8.8

NAV Chart

Historic Graph:

From

52-week High

₹75.4444

02-Jan-2026

52-week Low

₹67.0639

04-Mar-2025

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.

Why do I need health insurance? +

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.

What is a premium? +

A premium is the amount you pay for your health insurance every month. Depending on your plan, the premium may vary based on factors like age, location, and level of coverage.

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.

What are copayments and coinsurance? +

Copayment (copay): A fixed amount you pay for a covered health care service, typically when you get the service. Coinsurance: The percentage of the cost you pay for covered health services after you've paid your deductible. For example, if your coinsurance is 20%, you pay 20% of the bill, and the insurance company pays the remaining 80%.

What is an out-of-pocket maximum? +

The out-of-pocket maximum is the maximum amount you can spend on your health insurance. If you exceed this amount, your insurance company will pay 100% of your medical expenses.

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

In-network providers: Health care providers that have a contract with your health insurance plan to provide services at negotiated rates. Out-of-network providers: Providers that don't have a contract with your insurance plan. Services from these providers may cost more or not be covered at all.

What is a Special Enrollment Period (SEP)? +

The Special Enrollment Period (SEP) is a special time during the year when you can sign up for or make changes to your health insurance plan. If you miss this period, you may have to wait until the next one unless you qualify for a Special Enrollment Period (e.g., due to a life event like marriage or having a baby).

Can I keep my doctor with health insurance? +

If you have a preferred doctor, it’s important to check if they are in-network with your insurance plan. If they are not in-network, you may need to pay more out-of-pocket, or you may have to switch to another doctor who is in-network.

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.

What does the term "pre-existing condition" mean? +

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? +

Many health insurance plans cover prescription medications, but the coverage may vary. Plans typically have a formulary, or list of covered drugs, and different drugs may have different levels of coverage, depending on whether they are generic, brand-name, or specialty drugs.

What is preventive care? +

Preventive care includes health services that help prevent illnesses, such as vaccinations, screenings, and annual checkups. Under the Affordable Care Act, most preventive services are covered by health insurance plans at no additional cost to the policyholder.

What should I do if my health insurance claim is denied? +

If your claim is denied, you can appeal the decision. Review the denial letter for reasons, contact your insurer for assistance, and file a written request for a hearing. If you win the appeal, you may be able to get a refund or other compensation.

How can I choose the best health insurance plan for me? +

When selecting a plan, consider factors like: Your health care needs (e.g., frequent visits, prescriptions) The plan’s network of doctors and hospitals The cost of premiums, deductibles, copays, and out-of-pocket maximums Coverage for specialized care or treatments Compare the different plans and benefits to find one that meets your needs.

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.

What types of auto insurance coverage are available? +

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.

How much auto insurance do I need? +

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.