SBI Life Unit Plus Elite:

SBI Life - Unit Plus Elite as the name goes is an insurance policy for the rich and the well-to-do people.  This plan gives you the privilege of having control over your investment. 

You can choose which investment fund you want your investment to go into at anytime of the year, your premium paying term and the term of policy. 

Another special clause available in this plan is that this plan allows you to have control over the security provided by this plan.

This plan provides the facility of saving your investment as well as making it work for you the whole time. This plan sees to it that your investment is put in business related schemes so that it will multiply and at the time of maturity you will receive a corpus amount.

In this plan all the decisions about what to do in your plan are left in your hands.  In other words, you are given the steering wheel of your plan.

By buying an SBI Life - Unit Plus Elite plan
You can buy the Gold Cover wherein at the time of maturity of the plan, you are eligible to receive the higher of the sum assured or the fund value.

If you buy the Platinum Cover, which is plan that is more advanced to the Gold Cover, you will receive at the time of maturity, the sum assured as well as the fund value.

You can choose between four fund options available in this plan.  They are the Equity Elite Fund, Growth Fund, Balanced Fund, and Bond Fund. This plan permits you to choose the term within which you want to pay your premiums.  

The premium paying term is different from the policy term.  Even if your premium paying term is shorter than the policy term, you will be provided with life cover even after the premium paying term is over.

SBI's Life Unit Plus Elite in other words, is a policy which secures your life as well as it gives financial security to your family.