SBI Life Flexi Smart Plus - Variable Life Insurance Policy

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SBI Life – Flexi Smart Plus

UIN: 111N093V01

Product Code: 1M

SBI Life Flexi Smart Plus Variable Insurance Plan

Prosperity and security, assured.

  • Two plan options
  • Wealth creation
  • Partial withdrawals
  • Option to change sum assured and policy term
Individual, Participating, Variable Insurance Product

This plan does not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw the money invested in this plan completely or partially till the end of the 5th policy year.

Do you have a life insurance plan that provides enough flexibility to adapt to life changes?

SBI Life – Flexi Smart Plus allows you to modify your insurance plan according to your ever-changing needs. It also offers regular bonus interest to help your savings grow.

The plan offers -
  • Security – Ensure your family’s financial protection
  • Reliability – Guaranteed Minimum bonus interest rate for in-force policies.
  • Flexibility – Adjust your policy term and sum assured as per your changing needs
  • Liquidity – Partial withdrawals to meet any unforeseen expenses from the 6th policy year

Try our benefit illustrator below and see how you can financially secure your future.


SBI Life Flexi Smart Plus

SBI Life Flexi Smart Plus

Vaishali has ensured that she can meet her financial goals and secure her family’s future with this savings plan.

You too can avail of the advantages of SBI Life – Flexi Smart Plus. Try our benefit illustrator below to see how.




Male Female

Kerala Resident:

Yes No

Choose your policy term...

Policy Term

5 30

A little information about the premium options...

Premium Frequency Mode

Premium Amount

9,000 250000000

Sum Assured Multiplier Factor

7 20




Sum Assured

Premium frequency

Premium amount
(excluding taxes)

Premium Payment Term

Policy Term

Maturity Benefit

At assumed rate of returns** @ 4%

@ 8%

Give a Missed Call


  • Choose between two plan options
  • Guaranteed minimum bonus interest rate of 1.00% p.a. throughout the term, for in-force policies
  • Modify your sum assured and increase your policy term
  • Avail partial withdrawals from the 6th policy year




  • Two plan options – Gold and Platinum, to provide you with life cover to meet your family’s financial needs


  • Build your corpus through the years and fulfill your financial dreams


  • Increase or decrease the sum assured as per your changing requirements
  • Enhance your corpus with the option to increase your chosen policy term


  • Partial withdrawal allowed from 6th policy year to take care of any unexpected expenses

Avail tax benefits*

On Death

In case of unfortunate event of death of the Life Assured, the beneficiary will receive the following benefit:

For Gold Option:

Higher of Policy Account Value$ or Sum Assured^ / Paid-up Sum Assured^ as applicable or 105% of total premiums paid as on the date of intimation of death claim.

^Sum assured will be reduced to the extent of partial withdrawals made in the last 2 years for age on death below 60 years and for age on death 60 years & above all partial withdrawals made from 58 years onwards.

For Platinum Option:

Higher of Policy Account Value $PLUS Sum Assured / Paid-up Sum Assured as applicable or 105% of total premiums paid as on the date of intimation of death claim.

On Survival

Maturity Benefit:

On maturity, the policy holder will be entitled to policy account value$ including Terminal Bonus interest rate if any, calculated on the maturity date and will be payable as a lump sum on maturity.

$Policy Account Value

The policy account represents the value of the fund that belongs to you. The policy account will be credited with the premiums paid, net of all premium allocation charge under the policy, on which the additions as stated below will be credited. All other charges would be recovered from the policy account value. All withdrawals, payouts etc. made to you will also be deducted from your policy account.

The various layers of additions which will be applying to the policy account is stated as below -
  • The guaranteed minimum bonus interest rate for the product is 1.00% p.a for the whole term for in-force policies
  • In addition to the above, a non-zero positive regular bonus interest rate will be declared at the end of each financial year based on the surplus arising upon the statutory valuation of assets and liabilities.
  • An interim bonus interest rate will be declared at the beginning of each financial year which will apply to the policies exiting during the financial year. The regular bonus interest rate declared at the end of the year will not be less than the interim bonus interest rate.
  • At the time of policy exit (maturity/death/surrender), a terminal bonus interest rate may be paid.
For more details on risk factors, terms and conditions of SBI Life – Flexi Smart Plus, read the following documents carefully.
^ All the references to age are age as on last birthday.
## For Monthly Mode, 3 months premium to be paid in advance and renewal premium payment is allowed only through Electronic Clearing System (ECS), Credit Card, Direct Debit and SI - EFT.

1M.ver.04-10/17 WEB ENG

**Assumed rates of returns @4% and @8% p. a. respectively, are only illustrative scenarios at these rates after considering all applicable charges. The bonus rates are assumed constant during the bonus accrual period, where as actual bonus could vary, depending on the investment experience of the Company. These are not guaranteed and they are not higher or lower limits of returns. Returns are dependent on a number of factors including future investment performance.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.

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