SBI Life Maha Anand ULIP – Review

July 22, 2009 · Author: · Category: insurance 

SBI Life has recently launched SBI Life Maha Anand — a unit linked (ULIP), non participating insurance plan. It is an simple and affordable scheme which does not require any medical examination, offers flexibility to increase investments of policyholders through top-ups and liquidity through partial withdrawals.

Under the scheme, a policyholder needs to choose premium amount and policy term. The premium after deduction of premium allocation charges will be invested into funds chosen by policyholder. On maturity accumulated fund value will paid and in case of unfortunate event of death, the nominee will receive higher of fund value or sum assured.

The minimum entry age is 0 years whereas maximum is 55 years. The maximum maturity age is 65 age. The payment mode of premium is yearly, half yearly, quarterly and monthly. The minimum premium amount is Rs 6000 (yearly), Rs 3000 (half yearly), Rs 1500 (quarterly) and Rs 500 (monthly). While the maximum premium amount is Rs 30,000 (yearly), Rs 15,000 (half yearly), Rs 7500 (quarterly) and Rs 2500 (monthly). The policy term under this scheme is 10 years, 15 years and 20 years.

Under the scheme, partial withdrawal is possible only after completion of 5 policy years to meet any sudden or unforeseen expenses. The 3 investment fund options available under the scheme are Equity Fund, Optimiser Fund and Bond Fund.

Comments

12 Responses to “SBI Life Maha Anand ULIP – Review”

  1. RajeshKumar.S on August 31st, 2010 11:42

    Hi ,

    I am rajesh from coimbatore,tamilnadu .

    31/aug/2010 i have invested Rs 12000 yearly premium.

    and i didnt get enough information from SBI insurance agent.

    i need to check my fund value in online . how to get that access kindly guide me

    regards,

    Rajesh

  2. M.VEERAPATHIRAN on April 16th, 2011 14:32

    Hi ,

    I am veera from madurai,tamilnadu .
    i have invested sbi maha anand quartly Rs.1500/- premium.

    i need to check my fund value in online . how to get that access kindly guide me

    regards,

    veerapathiran.m

  3. prabhakaran on June 6th, 2012 23:15

    Hi
    I am prabhakaran from ooty, tamilnadu.
    I have invested sbi maha anand monthly 1000/- premium.

    I need to check my fund value in online. how to get that access kindly guide me.

    regards
    prabhakaran.B

  4. RATTAN SINGH TANWAR on June 15th, 2012 16:54

    Hai
    I AM RATTAN SINGH TANWAR FROM SHIMLA. MY SBI LIFE ULIP POLICY NO. 33017400902. I WOULD LIKE TO SUBMIT HERE THAT I HAVE NOT RECEIVED THE POLICY BOND AS YET DESPITE MY REPEATED REQUEST. I HAD TO STOP THE QUATERLY PREMIUM OF RS. 15000/- AFTER JANUARY, 20012 ON THE ASSURANCE OF THE OFFICIALS WHO RANG ME UP FROM KOLKATA AND MUMBAI THAT THEY WILL INSURE THE DELIVERY OF THE POLICY BOND WITHIN A FORTNIGHT BUT AS YET I HAVE NOT RECEIVED IT. I WANT TO MAKE SURE THAT MY POLICY SHOULD NOT BE LAPSED BECAUSE OF THE FAULT OF THE SBILIFE INSURANCE. PLEASE GUIDE ME IN THIS REGARD .

  5. Gajender Singh on August 8th, 2012 14:27

    Hi ,
    I am Gajender Singh from Dharuhera, distt. Rewari, Haryana.
    i have invested sbi maha anand quartly Rs.5000/- premium.
    i need to check my fund value in online . how to get that access kindly guide me
    regards,
    Gajender Singh.

  6. Angad B. Sutar on August 15th, 2012 23:01

    I am Angad Sutar, Pol. no.34026515608 from Pune, maharashtra.

    15/aug/2012 i have invested Rs 3000 quarterly premium.

    and i didnt get enough information from SBI insurance agent.

    i need to check my fund value in online . how to get that access kindly guide me

    Thanks & regards,
    Angad Sutar.

  7. Krishnaveni on October 1st, 2012 14:20

    As I am in need of my policy status and fund value against SBI Maha Anand and ULIP, i request you to kindly advice me how to get access the same.

  8. Bhushan Chaudhari on November 11th, 2012 10:04

    I am bhushan chaudhari,
    Pol. no.34027446502 – 20000 Yearly from 27/11/2009 Jalgaon , maharashtra.
    Pol. no.33022149105 – 50000 Yearly from 27/11/2009 Jalgaon , maharashtra.
    Pol. no.34027447605 – 30000 Yearly from 27/11/2009 Jalgaon , maharashtra.

    and i didnt get enough information from SBI insurance agent.

    i need to check my fund value in online . how to get that access kindly guide me

    Thanks & regards,
    Bhushan Chaudhari.

  9. faim khan on January 15th, 2013 21:30

    Hi ,
    I am faim from balaghat, mp .
    31/aug/2010 i have invested Rs 12000 yearly premium.
    and i didnt get enough information from SBI insurance agent.
    i need to check my fund value in online . how to get that access kindly guide me
    regards,
    faim khan

  10. anchu maria raju on February 28th, 2013 22:38

    hi

    i am anchu

    i have invested money in SBI maha anand. i need to check my fund value in online. how to get that access please guide me
    regards,
    anchu

  11. k.malliga on March 7th, 2013 08:02

    hi how to get the access and know the fund value aboutsbi life ulip maha anand plan

  12. shikha das on April 29th, 2013 10:42

    Hi

    I have deposited Rs.15000/- on 23.04.13 through agent . My Policy No. 34022510709.
    Now i want to know whether the amount is deposited with my policy no or not .

    Thanks
    Shikha

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