Is there anything different that SBI Life Insurance ULIP offers over competitors’ products?
SBI Life’s ULIPs have been designed to cater to different customers. Those who know about the markets can opt for Unit Plus products where they can manage their investment options and change them throughout the term of the policy in keeping with their risk appetite. Entry charges have been calculated to be, on average, on a 10-to-15-year basis, on the same level as a mutual fund. Moreover, we offer guaranteed additions by way of free allocation of units to loyal customers. Our Unit Plus product is a Swiss knife ULIP product, where one product caters to almost all insurance needs. ULIP products offer market-related returns but they require investors to revisit the asset allocation according to risk appetite, market conditions and term to maturity. You may opt to take higher risk against probability of higher return when you are not close to maturity; but you would like to secure your returns when you come closer to maturity. Most people do not have sufficient knowledge of the financial
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