SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI), the largest

state-owned banking and financial services company in India, and BNP Paribas Assurance. SBI owns 44% of the total capital and BNP Paribas Assurance the remaining 26% and others 30%. SBI Life Insurance has an authorized capital of 2,000 crore (US$446 million)and a paid up capital of 1,000 crore (US$223 million).

SBI life Insurance is an Indian private bank, and along with its five associate banks, offer a wide variety of life insurance products,Moreover, it has branches all over the country. It was formed as a result of a merger between a French Insurance Company and the State-Bank of India and its aim is to offer life insurance and pension services to its clients. History When the government of India opened the life insurance sector to private companies, SBI started SBI Life as a joint venture with BNP Paribas in 2001. While in its initial stage its business was mainly from bancassurance channel, now it is developing its own agency team for selling its life insurance

Details and Benefits of SBI Life Insurance plans

SBI is the very successful Indian enterprise, which is not only booming the banking sector, but also recently, as the very notion of investing a certain amount for future assurance is increasing rapidly, the SBI Life Insurance Company has stepped into insurance sector and even gaining tremendous growth. The company has come up with numerous investment schemes while proving itself as a trusted insurer for many years. The policies and investment plans are specifically designed in such a manner so that it can meet the upcoming needs of every person of every status, and this is not only personal investment plans one can choose, but also there are several products that benefits business class. In which Smart ULIP is very much in demand. So let us tell you further about the features of Smart ULIP and other products of SBI Life

Smart ULIP: this plan is totally depend on the markets vicissitudes. The
policyholder requires a portfolio, under which he can manage his funds during market fluctuation and the returns depends accordingly. Moreover, the returns are high mostly, but risk appetite is the major factor behind high returns. However, the best benefit of Smart ULIP is that it protects policyholder from taxation under tax act, 1961. The policyholders need to pay regular premium but at any point of time can change his funds during policy. Hence, business class who want to protect their money even in down market situation can choose ULIP plan in order to have better investment option. ULIP Elite: Under this plan, policyholder gets the flexibility of managing funds while protecting them against platinum and gold shields. This product has limited premium-paying years, which depends as per your suitability. One another positive point of ULIP Elite plan is that it covers health and accidental insurance. Protection cum Savings Product: this policy is much more flexible than Smart ULIP and ULIP Elite where the policyholder either can continue the policy until the maturity date or can opt for settlement before the maturity date. However, the settlement period is specified after every 3 years (depends on different terms and condition) when a policyholder can apply for settlement. However, the sum assured before maturity date do not include any extra bonuses.

Products offered by SBI Life

SBI Life Insurance aims at offering a comprehensive range of competitive and customer-driven life insurance and pension products in India and in the world at large. Insurance products offered by SBI Life Insurance are individual plans, group plans and health plans. clients have a wide choice of products to select from, which will suit with their needs.

TYPES OF PLANS

Introduction:
Unit Linked Insurance Plans are long term investment cum protection plans that offer you an opportunity of availing market linked returns while providing life insurance protection. Depending on your risk appetite, you have the option of choosing from host of funds having varied degree of risk exposure. Flexibility and transparency are some of the other attractive features that make ULIPs an attractive long term investment option. To help you fulfill your long term dreams, SBI Life presents you a wide range of ULIPs so that you continue to Celebrate Life!

1. SBI SMART PERFORMER

Introduction:
The equity market may have its ups and downs, but you now have a protective shield that will safeguard your investments, while providing upside potential. SBI Life brings you Smart Performer, a unique Unit Linked, Non Participating insurance product that offers you the twin benefits of Higher than the Highest of the daily NAV Guarantee and the prospect of market upside. Whats more, it also allows you to protect your gains through Automatic Rebalancing facility and offers you a choice of Single and Limited Premium Payment options.

2. SBI LIFE UNIT PLUS SUPER

Introduction:
SBI Life Unit Plus Super is a flexible non participating Unit linked insurance Plan, specially designed to meet your changing requirements at various stages of life. With a wide array of funds, riders and other options, this product gives you the complete freedom to fulfill all your investment and insurance needs. And thats not all; we now also offer you guaranteed additions and choice of payment options, giving you far superior value.

3. SBI LIFE - SMART WEALTH ASSURE

CHILD PLAN
1. SBI LIFE SCHOLAR II

2. SBI LIFE SMART SCHOLAR Introduction: Life begins afresh when you become a parent. Its a joy you never felt and a feeling you never experienced. When your child takes baby steps towards you, you wonder what else bliss could be? Amidst all this divine happiness, theres a new sense of responsibility that fills your heart. Like you may not really believe that lifes a rose bed or a tender cushion, but you certainly want it to be for your lovely children. At SBI Life, we understand and we provide you with a unique, flexible and allencompassing solution through our SBI Life - Smart Scholar Plan.

PENSION PLAN
1. SBI LIFE LIFE LONG PENSION PLUS
Introduction:
SBI Life - Lifelong Pension Plus is a unique individual non participating traditional pension plan, which gives you total safety and security while offering you complete transparency and flexibility. This Plan is a perfect way for you to accumulate your savings and purchase an annuity with it, a time of your choice, to give you regular income. You would agree that all this will surely give you a secure future, and a joyous retirement.

2.SBI LIFE SMART PENSION

Introduction:
SBI Life -Smart Pension, a unit linked deferred pension plan. With the changing social and economic environment, shifting individual and family needs, it is advisable to follow a dynamic retirement planning process to improve the probability of success of your retirement plan.

A unit linked deferred pension plan, which offers you the flexibility to provide for all your retirement goals at one go or as per your convenience, spread over a period of time. Whats more, it provides you a minimum guaranteed return on the gross premiums paid.

PROTECTION PLAN
1. SBI LIFE SMART SHIELD

Introduction:
SBI Life - Smart Shield is a traditional non-participating pure term plan, which is a one stop solution that meets all your insurance needs. With Options and benefits specially tailored for those who want best financial protection at an affordable cost, this is the perfect plan from your preferred insurance provider. Now your family stays protected, even when you are not around.

2. SBI LIFE SARAL SHIELD

Introduction
SBI Life - Saral Shield is a traditional non-participating pure term plan, At a affordable cost, Saral Shield provides cover for your family and ensures that a proper safety net is created. Thus, it guarantees that there will be absolutely no compromise on your dreams and ambitions for your loved ones, at all times.

FEATURES:
Hassle-free,

convient and easy issuance. Complete Financial Security at truly lower costs. Tax benefits as per prevailing norms under the Income Tax Act, 1961.

SAVINGS PLAN

1. SBI LIFE MONEY BACK

INTRODUCTION:
SBI Life Money Back is a traditional participating savings plan with added advantage of life cover and cash inflow at regular intervals. In order to meet your various financial obligations at crucial junctures, it offers a wide range of terms options with regular payments of Guaranteed Survival benefits made at different durations during the policy term.

2. SBI LIFE FLEXI SMART INSURANCE

Introduction:

SBI Life Flexi Smart Insurance, an Individual, Non-Participating traditional life insurance cum savings plan, which helps you in fulfilling all your dreams. It gives you flexibility to adapt to your ever-changing needs, while assuring guaranteed benefits to take care of your savings.

3. SBI LIFE SARAL LIFE

Introduction:
SBI Life - Saral Life, a traditional, participating endowment plan which helps you to meet any requirement in life and is designed with a differencea take away insurance especially weaved for you with the threads of Simplicity, Availability & value for your money.

HEALTH PLANS

Financial planning is incomplete without planning health insurance. Due to todays hectic lifestyle, improper diet, lack of exercise we are at higher risk of contingencies of untimely serious illnesses. Sudden health problems could have deep hole in your pockets. Medical science has advanced by leaps and bounds in the last few decades. Theres a definite need to cover for health insurance to reduce the financial burden.

SBI LIFE CRITI9

Introduction

SBI Life - Group Criti9 is a traditional non participating Group Health Plan. This plan provides protection against 9 critical illnesses where Sum Assured is paid in lump sum on diagnosis of any one of covered critical illnesses. So provides you money at time when you need it most.

CAREER
Introduction:
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Assurance of France. We are the first private life insurance company to make profit for three consecutive years, and to receive AAA rating from CRISIL signifying highest financial strength. In the 2007 survey conducted by ACNielsen ORG MARG and Economic times, we have been voted as the most trusted private life insurance brand. Join us for a rewarding and enriching career.

THANK YOU
PRESENTED BY S.JOSEPHINE VICTORIA