SBI Life Individual Products : Product wise Commission

SR
Product Name Code Category UIN No PPT RP / LPPT SP
No
Y1
Y 2 & 3 Y 4+ SP
Term 10 Yrs 20.00%
7.50% 5.00%
1 SBI Life - Shubh Nivesh 35 Par - Savings 111N055V04 Term 11-14 Yrs 25.00%
7.50% 5.00%
Term 15-30 Yrs 30.00%
7.50% 5.00%
All Terms NA 2.00%
Y1 Y 2+ SP
Term 5-9 yrs 10.00% 5.00%
Term 10-14 yrs 15.00% 5.00%
2 SBI Life - Smart Shield 45 Pure Risk 111N067V07
Term >=15 years 20.00% 5.00%
All Terms NA 6.50%
For Web Aggregators there is no commission from second year onwards
Y1 Y 2-3 Y 4+ SP
Premium Payment Term 5-7 Years 15.00% 7.50% 5.00%

Premium Payment Term 8-9 Years 20.00% 7.50% 5.00%

SBI Life - Smart Champ
3 1P Par - Savings 111N098V03 Premium Payment Term 10-14
Insurance 25.00% 7.50% 5.00%
Years
Premium Payment Term 15-18
30.00% 7.50% 5.00%
Years
All Premium Payment Term NA 2.00%
For Broker & IMF commission rate in 2nd & 3rd year is 5%
Y1 Y 2-3 Y 4-5 Y 6+ SP
4 SBI Life - Smart Scholar 51 ULIP 111L073V03 All Terms (5 yrs ppt & above) 5.50% 3.00% 2.50% 1.00%
All Term NA 2.00%
Y 1-5 Y 6-7 Y8-10 Y11-12 SP
7 yrs PPT 2.50% 1.00% NA NA
10 yrs PPT 2.50% 1.00% 1.00% NA
5 SBI Life - Smart Elite 53 ULIP 111L072V04
12 yrs PPT 2.50% 1.00% 1.00% 1.00%
All Terms NA 2.00%
For Web Aggregators there is no commission from second year onwards.
SBI Life - Smart Wealth Y1 Y2+ SP
6 55 ULIP 111L077V03
Assure All Terms NA 2.00%
SP
7 SBI Life -Smart Annuity Plus 2W Annuity 111N134V05
All Terms (SP) NA 2.00%
Y 1-5 Y 6+ SP
RP/LPPT 2.50% 1.00%
8 SBI Life - Smart Privilege 2B ULIP 111L107V03
SP NA 2.00%
For Web Aggregators there is no commission from second year onwards.
SP
For Brokers/Corporate Agents &
9 SBI Life - Grameen Bima 1F Pure Risk 111N087V02 NA 2.00%
Individual Agents
For Micro Insurance Agents NA 10.00%
Y1 Y2+ SP
5 -9 year Term 20.00% 5.00%
10 - 14 year term 30.00% 5.00%
10 SBI Life - Saral Jeevan Bima 2Q Pure Risk 111N128V01 >=15 35.00% 5.00%
All Terms 2.00%
For Web Aggregators there is no commission from second year onwards. Also, Saral Jeevan Bima is eligible for
Performace based commission*
Y1 Y 2+ SP
Term 5-9 Years 10.00% 5.00%
SBI Life - Sampoorn Cancer
11 2E Health 111N109V03 Term 10-20 Years 15.00% 5.00%
Suraksha
Term 21-30 Years 20.00% 5.00%
For Web Aggregators there is no commission from second year onwards
Y1 Y 2+ SP
Policy Term 10 to 14 Years 5.00% 2.00%
12 SBI Life - Retire Smart 1H ULIP Pension 111L094V03 2.00%
Policy Term >=15 Years 7.50% 2.00%
For Web Aggregators there is no commission from second year onwards
Y1 Y 2-3 Y 4+ SP
SBI Life - Smart Money Back Option 1 20.00% 5.00% 2.50%
13 1N Par - Savings 111N096V03
Gold Option 2 25.00% 5.00% 2.50% 2.00%
Option 3 30.00% 5.00% 2.50%
Y1 Y 2+
SBI Life - Saral Retirement Traditional RP 7.50% 2.00%
14 1E 111N088V03
Saver Par Pension SP NA 2.00%
For Web Aggregators there is no commission from second year onwards
Y1 Y2 Y3 Y 4+
Term 10-14 Years 15.00% 7.50% 7.50% 5.00%
15 SBI Life - Smart Humsafar 1W Par - Savings 111N103V03 Term 15-20 Years 20.00% 7.50% 7.50% 5.00%
Term 21-30 Years 25.00% 7.50% 7.50% 5.00%
For Broker & IMF , commission rate in 2nd & 3rd year onwards is 5%
Pure Risk Y1 Y 2+
16 SBI Life - Smart Swadhan Plus 1Z with Return 111N104V02 LPPT & RP 15.00% 5.00%
of Premium SP NA 2.00%
Y1 Y 2+ Internal
SBI Life - Smart Income Term 7 Years 15.00% 5.00%
17 1B Par - Savings 111N085V04
Protect Term 12 Years 20.00% 5.00%
 SBI Life Individual Products : Product wise Commission
SR SBI Life - Smart Income
17 Product Name Code
1B Category
Par - Savings UIN No
111N085V04 PPT RP / LPPT SP
No Protect
Term 15 Years 25.00% 5.00%
Y1 Y 2+
Pure Risk
All Terms 15.00% 5.00%
18 SBI Life - Saral Swadhan + 1J with Return 111N092V03
of Premium For POSPs engaged by the Intermediaries and Persons engaged by CPCS - SPV : No commission is payable

Y1 Y 2-5 Y 6 -7 Y 8-10 Y 11+ SP

Regular Premium 10.00% 2.00% 1.50% 1.00% 1.00%
7 Years Premium Payment Term 10.00% 2.00% 1.50% NA NA

10 Years Premium Payment Term 10.00% 2.00% 1.50% 1.00% NA

SBI Life - Smart Wealth
19 1K ULIP 111L095V03
Builder
12 Years Premium Payment Term 10.00% 2.00% 1.50% 1.00% 1.00%

15 Years Premium Payment Term 10.00% 2.00% 1.50% 1.00% 1.00%

SP NA 2.00%
For Web Aggregators there is no commission from second year onwards.
Y1 Y2 Y3 Y 4+ SP
Plan 1 15.00% 7.50% 7.50% 5.00%
Plan 2 15.00% 7.50% 7.50% 5.00%
SBI Life - Smart Money
20 1R Par - Savings 111N101V03 Plan 3 20.00% 7.50% 7.50% 5.00%
Planner
Plan 4 20.00% 7.50% 7.50% 5.00%
All Plans NA 2.00%
For Broker and Insurance marketing firm channel, commission rate in 2nd & 3rd year is 5%
Y1 Y 2&3 Y 4+
6 Years Premium Payment Term 10.00% 5.00% 5.00%

7 Years Premium Payment Term 15.00% 7.50% 5.00%

21 SBI Life - Smart Bachat 2D Par - Savings 111N108V03
10 Years Premium Payment Term 20.00% 7.50% 5.00%

15 Years Premium Payment Term 25.00% 7.50% 5.00%

For Broker and Insurance marketing firm channel, commission rate in 2nd & 3rd year is
SBI Life - Smart Power Y1 Y 2-5 Y 6-8 Y9 Y 10+
22 1C ULIP 111L090V02
Insurance All Terms 5.00% 3.00% 2.00% 1.50% 1.00%
SBI Life - Saral InsureWealth Y1 Y 2-25
23 2H ULIP 111L124V02
Plus All Terms 13.00% 2.00%
Y1 Y 2 &3 Y 4+ upto ppt
SBI Life - Smart Platina Non- par
24 2K 111N126V05 7 Year PPT 21.00% 4.00% 2.00%
Assure Savings
10 Year PPT 30.00% 4.00% 2.00%
Web
Insuran
Policy Term = PT Aggregat CA, BR, Insurance Agent and
ce
(in years) or, CA, IMFs
Agent SP
BR, IMF
Policy Term = PT
Y1 Y1 Y2-Y5 Y6+
(in years)
25 SBI Life - eShield Next 2N Pure Risk 111N132V01
SP : PT 5 to 12 NA NA NA 5.00%
SP : PT - 13+ NA NA NA 7.50%
For RP & LPPT - PT - 5 to 9 15.00% 10.00% 5.00% Nil NA
For RP & LPPT - PT - 10 to 29 25.00% 20.00% 5.00% Nil NA
For RP & LPPT - PT - 30 + 30.00% 25.00% 5.00% Nil NA
For Web Aggregators there is no commission from second year onwards. Also, eShield Next is eligible for Performace
based commission

Y1 Y 2-3 Y 4+
7 Year Term 12.00% 5.00% 5.00%
10 Year Term 15.00% 7.50% 5.00%
SBI Life - Smart Future
27 2M Par - Savings 111N127V01 12 Year Term 20.00% 7.50% 5.00%
Choices
15 Year Term 25.00% 7.50% 5.00%
For Broker and Insurance marketing firm channel, commission rate in 2nd & 3rd year is 5% for PPT 7/10/12 years & 7.5%
for PPT 15 years ; Also, Smart Future Choices V01 is eligible for Performace based commission*
Y1 Y 2-3 Y 4-PPT
6 Years Premium Payment Term 18.00% 4.00% 2.00%

7 Years Premium Payment Term 21.00% 4.00% 2.00%

SBI Life - New Smart Non Par -
28 2P 111N129V03
Samriddhi Savings 10 Years Premium Payment Term 30.00% 4.00% 2.00%

For Web Aggregators there is no commission from second year onwards

Point of Sales Persons (POSPs) engaged by the Intermediaries and Persons engaged by
Common Public Service Centre – Special Purpose Vehicle (CPSC-SPV): Commission is
payable only to the Intermediaries and CPSC -SPV.

SP
29 SBI Life - Saral Pension 2R Annuity 111N130V02 All Terms (SP)
NA 2%
Internal
Y1 Y2 - Y3 Y4 - PPT
6 Year PPT 18.00% 4.00% 2.00%
Non Par -
30 SBI Life - Smart Platina Plus 2X 111N133V03
 SBI Life Individual Products : Product wise Commission
SR
Product Name Code Category UIN No PPT RP / LPPT SP
No
Non Par - 7 Year PPT 21.00% 4.00% 2.00%
30 SBI Life - Smart Platina Plus 2X 111N133V03
Savings 8 Year PPT 24.00% 4.00% 2.00%
10 Year PPT 30.00% 4.00% 2.00%
For Web Aggregators there is no commission from second year onwards. Point of Sales Persons
Y1 Y 2+ SP
Policy Term 10 to 14 Years 5.00% 2.00%
31 SBI Life - Retire Smart Plus 2Y ULIP Pension 111L135V01 2.00%
Policy Term >=15 Years 7.50% 2.00%
For Web Aggregators there is no commission from second year onwards
Y1 Y2 - Y3 Y4+
10 Year PPT 30.00% 7.50% 5.00%
SBI Life - Smart Lifetime
32 2Z Par - Savings 111L136V01 12 Year PPT 35.00% 7.50% 5.00%
Saver
15 Year PPT 35.00% 7.50% 5.00%
For Web Aggregators there is no commission from second year onwards

Important to note : Commission rates strictly apply to the products avaiable for sale with the UIN as provided.
The rates are subject to change from time to time with revision / modification in the products Strictly for internal circulation only.

Note:

No Commission will be payable to the sales intermediary under Staff cases

Staff cases are defined as all employees, retired employees, VRS holders, minor children and spouse of employees of SBI Life Insurance Co. Ltd. and State Bank, Associate
Banks, RRBs sponsored by State Bank of India and subsidiaries of State Bank Group.

No commission will be paid for Direct marketing and for policies sold online through the company’s website.
Direct Marketing refers to sales negotiated and finalized by the sales executives of the company and telemarketing. In case of online sale, the product shall be sold through
insurer’s website only.
For further details, kindly refer the Document of Approved Features (DAF) for the respective product.

Internal