SBI Life Individual Products : Product wise Commission
SR No Product Name Code Category Channel UIN No PPT RP / LPPT SP
Y1 Y2+ SP
5 -9 year Term 20.00% 5.00%
IA, CA,BR ,POSPs, CPSC-SPV, Direct (no
10 - 14 year term 30.00% 5.00%
SBI Life - Saral Jeevan commission payable) , Online (no
1 2Q Pure Risk 111N128V02 >=15 35.00% 5.00%
Bima commission payable) , IMF & Web
All Terms 2.00%
Aggregators
Web Aggregators : no commission from second year onwards. Also, Saral Jeevan Bima is eligible for Performace based
commission*
Policy Term = PT Web Aggregator, CA, BR,
CA, BR, Insurance Agent and IMFs
(in years) IMF, IA
SP
Policy Term = PT
Y1 Y2-Y5 Y6+
Online mode through Company Website (no (in years)
commission payable), Web Aggregators, BR, SP : PT 5 to 12 NA NA NA 5.00%
2 SBI Life - eShield Next 2N Pure Risk 111N132V02
CA, IA, Direct (no commission payable) and SP : PT - 13+ NA NA NA 7.50%
IMF For RP & LPPT - PT - 5 to 9 15.00% 5.00% Nil NA
For RP & LPPT - PT - 10 to 29 25.00% 5.00% Nil NA
For RP & LPPT - PT - 30 + 30.00% 5.00% Nil NA
Web Aggregators : no commission from second year onwards.
Y1 Y2+ SP
IA, CA,Web Aggregator, IMF ,BR,POSPs,CPSC-
Pure Risk with 7 Year Term 21.00% 5.00% NA
SBI Life - Saral SPV ,
3 3F Return of 111N139V02
Swadhan Supreme (no commission
Premium >=10 30.00% 5.00% NA
payable - Online & Direct)
Web Aggregators : no commission from second year onwards.
Y1 Y2+ SP
Pure Risk with IA, CA,Web Aggregator, IMF ,BR, 7 Year Term 21.00% 5.00% NA
SBI Life - Smart
4 3D Return of (no commission 111N140V02
Swadhan Supreme
Premium payable - Online & Direct) >=10 30.00% 5.00% NA
Web Aggregators : no commission from second year onwards.
Commission rates strictly for UIN as mentioned and subject to change with modification of products Internal
For Internal Circulation Only
SBI Life Individual Products : Product wise Commission
SR No Product Name Code Category Channel UIN No PPT RP / LPPT SP
Y1 Y2 - Y3 Y4+
IA, CA,Web Aggregator, IMF ,BR, 10 Year PPT 30.00% 7.50% 5.00%
SBI Life - Smart
5 2Z Par - Savings (no commission 111L136V02 12 Year PPT 35.00% 7.50% 5.00%
Lifetime Saver
payable - Online & Direct) 15 Year PPT 35.00% 7.50% 5.00%
Web Aggregators : no commission from second year onwards
Y 1-5 Y 6+ SP
IA,CA,BR, Web aggregator & Direct/online
SBI Life - Smart RP/LPPT 2.50% 1.00%
6 3N ULIP through company's website (no commission 111L143V01
Privilege Plus SP NA 2.00%
payable)
Web Aggregators : no commission from second year onwards
Y 1-5 Y 6-7 Y8-10 Y11-12 SP
IA, CA,BR, Web aggregator & Direct/online 7 yrs PPT 2.50% 1.00% NA NA
SBI Life - Smart Elite 10 yrs PPT 2.50% 1.00% 1.00% NA
7 3S ULIP through company's webiste (no commission 111L146V01
Plus 12 yrs PPT 2.50% 1.00% 1.00% 1.00%
payable)
All Terms NA 2.00%
Web Aggregators : no commission from second year onwards
Y1 Y 2-3 Y 4-5 Y 6 - 10 Y 11+ SP
IA, CA,Web Aggregator, IMF ,BR,
SBI Life - Smart All Terms (>=5 yrs ppt) 5.50% 3.00% 2.50% 1.00% NA
8 3Q ULIP (no commission 111L144V01
Scholar Plus All Term NA 2.00%
payable - Online & Direct)
Web Aggregators : no commission from second year onwards
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%
IA, CA,Web Aggregator, IMF ,BR, 7 Years PPT 10.00% 2.00% 1.50% NA NA
SBI Life - Smart 10 Years PPT 10.00% 2.00% 1.50% 1.00% NA
9 3M ULIP (no commission 111L142V01
Fortune Builder 12 Years PPT 10.00% 2.00% 1.50% 1.00% 1.00%
payable - Online & Direct)
15 Years PPT 10.00% 2.00% 1.50% 1.00% 1.00%
SP NA 2.00%
Web Aggregators : no commission from second year onwards
Y1 Y 2 &3 Y 4+ upto ppt
7 Year PPT 21.00% 4.00% 2.00%
IA, CA, BR , Direct (no commission payable) ,
SBI Life - Smart Non- par 10 Year PPT 30.00% 4.00% 2.00%
10 2K Online (no commission payable) , IMF & Web 111N126V06
Platina Assure Savings
Aggregators Web Aggregators : no commission from 2nd year onwards ; IMF are eligible for upto 50% of 1st Y commission and upto
10% of renewal commission as reimbursement of expenses towards recruitment, training and mentoring of their ISP’s.
Y1 Y 2+ SP
IA, CA,BR , Direct (no commission payable) ,
SBI Life - Retire Smart Policy Term 10 to 14 Years 5.00% 2.00%
11 2Y ULIP Pension Online (no commission payable) , IMF & Web 111L135V02 2.00%
Plus Policy Term >=15 Years 7.50% 2.00%
Aggregators
Web Aggregators : no commission from second year onwards
IA, CA,BR , Direct (no commission payable) , SP
SBI Life -Smart
12 2W Annuity Online (no commission payable) , IMF & Web 111N134V08
Annuity Plus All Terms (SP) NA 2.00%
Aggregators
Y1 Y 2-3 Y 4-PPT
6 Years PPT 18.00% 4.00% 2.00%
IA, CA, BR,Online (no Commission payable)
7 Years PPT 21.00% 4.00% 2.00%
SBI Life - New Smart Non Par - POSPs, Direct (no commission payable), Web
13 2P 111N129V04 10 Years PPT 30.00% 4.00% 2.00%
Samriddhi Savings aggregator, Common Service Centre (CSC)/
CPSC- SPV & IMF Web Aggregators : no commission from 2nd year onwards. POSPs engaged by the Intermediaries & Persons engaged by
CPSC-SPV: Commission is payable only to the Intermediaries and CPSC -SPV.
SP
SBI Life - Saral IA, CA,BR, IMF, Web Aggregator, Direct & Online
14 2R Annuity 111N130V03 All Terms (SP)
Pension (no commission payable), POSPs & CPSC - SPV NA 2%
Y1 Y2 - Y3 Y4 - PPT
6 Year PPT 18.00% 4.00% 2.00%
IA, CA,BR, IMF, Web Aggregator, Direct (no 7 Year PPT 21.00% 4.00% 2.00%
SBI Life - Smart Non Par - commission payable), Online (no commission 8 Year PPT 24.00% 4.00% 2.00%
15 2X 111N133V04
Platina Plus Savings payable), Point of Sales Persons (POSPs) 10 Year PPT 30.00% 4.00% 2.00%
and CPSC-SPV
Web Aggregators : no commission from 2nd year onwards. POSPs engaged by the Intermediaries & Persons engaged by
CPSC-SPV: Commission is payable only to the Intermediaries and CPSC -SPV.
Pure Risk with
Y1 Y 2+
16 SBI Life - eShield Insta 3C Return of CA 111N141V01
Premium Commission rates strictly for UIN as mentioned and subject to change
RP with modification of 25.00%
products 5.00% Internal
For Internal Circulation Only
SBI Life Individual Products : Product wise Commission
SR No Product Name Code Category Channel UIN No PPT RP / LPPT SP
Y1 Y2 to Y5 Y6 & above
SBI Life - Smart Shield IA,CA,Broker,IMF,web Aggregator,Direct 5 Years 15.00% 5.00% Nil
17 3K Pure Risk 111N145V01
Premier Marketing ( no commission Payable) 10 years to 29 years 25.00% 5.00% Nil
30 years and above 30.00% 5.00% Nil
Web Aggregators : no commission from second year onwards
Staff Definition: 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.
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.
Commission rates strictly for UIN as mentioned and subject to change with modification of products Internal
For Internal Circulation Only
