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smart elite plus

Systematic Wealth Building with Defined Maturity Returns

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Market-linked growth meets lifelong coverage for ambitious goals.  

Know about SBI Life - Smart Elite Plus

UIN: 111L146V01 | Product Code: 3S

Wide Range of Funds

Two Cover Options

Flexible Premium Payments

Know Your Life Insurance Plan

Features

Two Cover Options: Designed to align with your life goals, the SBI Life - Smart Elite Plus plan presents Gold and Platinum options that establish comprehensive security for your family and their tomorrow. Each option has been calibrated to deliver distinct levels of coverage, allowing you to select a plan that meets your aspirations and responsibilities.
 
Inbuilt Accidental Benefit Cover: Additional protection through accidental cover strengthens the safety net for your family when life takes unforeseen turns. This in-built SBI Life - Smart Elite Plus feature ensures that sudden events do not compromise the financial stability you have constructed over time.
 
Flexible Payment Choices: The SBI Life - Smart Elite Plus plan offers you the choice between a single payment or contributions spread across selected years. This adaptability allows proper alignment between your insurance commitments and your cash flow patterns to support your wealth growth journey.
 
Switch and Redirection Facility: As life's priorities transform, the ability to realign contributions ensures the portfolio continues reflecting your goals at each stage of the journey. As you move through life stages like marriage, the birth of your children, and retirement, this flexibility helps you adapt to your family's evolving needs while giving returns throughout SBI Life - Smart Elite Plus' policy tenure.
 
Partial Withdrawals From 6th Policy Year: Face life’s unforeseen requirements without losing sight of your long-term wealth creation objectives with SBI Life - Smart Elite Plus. After the initial five years of uninterrupted growth, access to accumulated funds becomes available when needs arise, preserving the plan's momentum while providing financial relief.

Advantages

Security: When needs arise, SBI Life - Smart Elite Plus ensures that the coverage for your loved ones remains steadfast. Your family's quality of life and cherished aspirations continue uninterrupted, allowing them to move forward along the path you've envisioned.
 
Flexibility: SBI Life - Smart Elite Plus plan’s choice of premium payment terms accommodates your unique financial situation, while the ability to adjust fund allocation ensures that your investments remain responsive to shifting market dynamics and evolving priorities. Your plan grows and changes alongside your life's journey, adapting as circumstances evolve.
 
Liquidity: From the sixth policy year onwards, SBI Life - Smart Elite Plus gives you access to a portion of accumulated funds, providing you with financial support to navigate life's moments with confidence. This measured withdrawal facility offers relief when needs arise while preserving the wealth creation structure you have built with care.

Plan Benefits

Maturity Benefit:

Applicable only for in-force policies:

On completion of Policy Term, Fund Value as on the date of maturity will be paid.
 
Death Benefit:

Applicable only for in-force policies:

For Gold Option: Highest of Fund Value as on date of intimation of death claim or Sum Assured less applicable partial withdrawal* or 105% of Total Premiums Paid^ upto the date of death.

For Platinum Option: Higher of (Fund Value as on date of claim intimation plus Sum Assured) or 105% of total premiums received upto the date of death is payable.
 
 
In-built Benefit:

Accidental Death and Accidental Total and Permanent Disability (Accident Benefit):

Provides an additional benefit for Accidental Death or Accidental TPD.

The death benefit can be taken as a lump sum or as per settlement option.

Settlement Option: Nominee or beneficiary or legal heir has the option to receive the Death Benefit, in instalments over 2 to 5 years under ‘Settlement’ Option as yearly, half yearly, quarterly or monthly payouts as required, from the date of death.

*Applicable partial withdrawal is equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.

 

^Total premiums paid means total of all the premiums paid under the base product excluding any extra premium and taxes, if collected explicitly 

 

Note: During the settlement period, the investment risk in the investment portfolio is borne by the beneficiary.

 

Downloads

For more details on risk factors, terms and conditions of SBI Life - Smart Elite Plus , read the following documents carefully.

• Product Brochure/Prospectus

• Policy Document

• Product Guide

• Customer Information Sheet (CIS)
 

Who Can Buy?

Age¹ at Entry Minimum: 18 years Maximum: Limited Pay: 55 years Single Pay: 60
Maximum Age¹ at Maturity Minimum: 70 years
Plan Type Limited Pay / Single Pay
Premium Payment Term (PPT) and Corresponding Policy Term (PT) Plan Type Policy Term (Years) Premium Payment Term (Years)
Limited Pay 15–30 (both inclusive) 7 / 10
15–30 (both inclusive) 12
Single Pay 5 to 30 (both inclusive) Onetime payment at policy inception
Premium Frequency Single / Yearly / Half-yearly / Quarterly / Monthly
Premium Amount (in multiples of ₹ 100) Plan Type Minimum (₹) Maximum (₹)
Limited Pay Yearly : 2,50,000 No Limit, subject to board approved underwriting policy
Half – Yearly : 1,25,000
Quarterly : 62,500
Monthly: 21,000
Single Pay 2,50,000
Sum Assured Limited Pay: 7 × Annualized Premium² Single Pay: 1.25 x Single Premium³

1Age mentioned in this document is age last birthday.

Where Sum Assured for Limited Pay is Annualized Premium × 7 and for Single Pay is Single Premium × 1.25

2“Annualized premium” means the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any.”

3Single Premium means the premium amount payable in lump sum at policy inception excluding taxes, rider premiums and underwriting extra premiums on riders, if any

Calculate Your Premium

Every chapter of your life comes with its own responsibilities. The right life insurance plan grows with you, supporting your goals and the ones you care about.

Based on your age, coverage, premium payment term and policy duration, discover a premium that fits your life.

1 Personal Details
  • ⓘ Please fill out your Name to proceed.
  • ⓘ Name must be between 2 and 100 characters long.
  • ⓘ Name contains invalid characters. Only letters are allowed.

Select Your Gender

Discount

2 Let's finalize the policy duration you are comfortable with...
Policy Term
5 30

Plan Type

Choose Channel
  • Direct Marketing
  • Agency
  • Corporate Agent
  • Broker
  • Web Aggregator
  • Online
3 A little information about the premium options...

Premium Frequency Mode

Premium Amount
250000 250000000

Premium Payment Term Option

Select Plan

4 How would you like to split your investment?
Equity EliteFund II (%)
0 100
Balanced Fund (%)
0 100
Bond Fund (%)
0 100
Money Market Fund (%)
0 100
Bond Optimiser Fund (%)
0 100
Midcap Fund (%)
0 100
Pure Fund (%)
0 100
Corporate Bond Fund (%)
0 100
Bluechip Fund (%)
0 100
Allocation total: 0% Must add to 100%.
  • ⓘ Please fill out your Name to proceed.
  • ⓘ Enter a valid calendar date for Assured's DOB.
  • ⓘ Date of Birth must be between 18 and 60 years.
  • ⓘ Please select channel type.
  • ⓘ Please Enter Proper Fund value. Your Total allocation should be 100%.
Sum Assured
NA
Premium Payment Term
NA
Policy Term
10 Years
Maturity Benefits

At assumed rate of returns**
@ 4% ₹
or
@ 8% ₹
Email This to Yourself
Or Download as a PDF
**Figures are for illustrative purposes & for healthy life. Please note that the above mentioned assumed rates of returns @4% and @8% p. a., are only illustrative scenarios, after considering all applicable charges. These are not guaranteed and they are not higher or lower limits of returns. Unit Linked Life Insurance products are subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their future prospects or returns. For more information, please request for your policy specific benefit illustration.

Frequently Asked Questions

To purchase the SBI Life - Smart Elite Plus plan, you need to be at least 18 years old. The maximum age of entry is 55 years for limited pay and 60 for the single pay option. To purchase, SBI Life - Smart Elite Plus, visit link and start your application today.

Yes, you can purchase the SBI Life - Smart Elite Plus plan online. Simply visit link, fill in your details, and begin protecting your family while building wealth for the future in just a few clicks.

Security, flexibility, and liquidity form the cornerstone of SBI Life - Smart Elite Plus, creating a comprehensive financial solution that adapts to the changing landscape of your life. Coverage for your loved ones remains steadfast, allowing your family to continue pursuing their goals. Premium payment terms and fund allocation adjustments keep your contributions responsive to evolving priorities. From the sixth policy year onwards, access to accumulated funds provides financial support to navigate life's moments while preserving the wealth structure you have built. To know more about SBI Life - Smart Elite Plus, contact our experts today.

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"The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year."
 
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to market risks. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. SBI Life Insurance Company is only the name of the insurance company and SBI Life – Smart Elite Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. Past performance of the Funds is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
 
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
WT/3S/ver1/02/26/WEB/ENG