SBI Life - New Smart Samriddhi | Savings Plan With Guaranteed Returns

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SBI Life – New Smart Samriddhi

UIN: 111N129V03

Product Code: 2P

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SBI Life New Smart Samriddhi Premium Details

A life of
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An Individual, Non-Linked, Non-Participating, Life Insurance Savings Product

With SBI Life - New Smart Samriddhi, get a solution that provides you Guaranteed Additions, which enables you to earn benefits for your loved ones. This product comes with ease of enrolment and prompt processing, to keep your family financially protected.

Key Features –
  • Guaranteed additions^
  • Limited premium payment periods
  • No Medical Examination

^The Guaranteed Additions will be 5.5% for annualized premium less than Rs. 30,000 and 6.0% for annualized premium greater than or equal to Rs. 30,000. The Guaranteed Additions defined above is at a simple rate and not at compounding rates


SBI Life New Smart Samriddhi Premium Details

Traditional Non-participating Individual Savings Plan

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plan profile

Aryan has invested his funds while being assured of its growth with just limited premium payments.

You too can secure your future with SBI Life – New Smart Samriddhi. Fill in the form fields below to know how.




Male Female Third Gender

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Policy Term

Annual Premium

12,000 75000

A little information about the premium options...

Premium Frequency

Premium Payment Term

sum assured

Sum Assured

premium frequency

Premium frequency

Premium amount
(excluding taxes)

premium paying

Premium Payment Term

policy term

Policy Term

maturity benefits

Maturity Benefit

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  • Insurance cover throughout the policy Term
  • Guaranteed additions^ at the rate of 5.5% # or 6.0% #
  • Limited premium payment
  • Reasonable premium




  • Life cover as well as savings to ensure your family is financially secure


  • Easy application and quick processing of the policy


  • Receive benefits for 12, 15 or 20 years by paying premiums only for a limited period of 6, 7 or 10 years respectively
  • Guaranteed additions^ at maturity


  • Twin benefits of life cover and savings at reasonable premiums

Avail tax benefits*

Maturity Benefit (For In-force policies):

On survival of the life assured till the end of Policy Term, Basic Sum Assured Plus accrued Guaranteed Additions ^, as applicable, would be paid.



Death Benefit (For In-force policies):

In the unfortunate event of death of the Life Assured at any time during the policy term, ‘Sum Assured on death’ along with accrued guaranteed additions ^, if any, will be payable to the Nominee/ beneficiary.


Where, Sum Assured on death is Higher of (Basic Sum Assured or 10 times the Annualized Premium or 105% of the total premiums received@ upto the date of death).

@Total Premiums received/paid means total of all the premiums received, excluding any extra premium and applicable taxes
For more details on risk factors, terms and conditions of SBI Life – New Smart Samriddhi, read the following documents carefully.
**All the references to age are age as on last birthday.
***However the maximum sum assured limit of INR 25,00,000 per life, across all policies of SBI Life insurance company sold through POSPs and CPSC-SPV would be applicable
Note: If the life assured is minor, date of commencement of policy and date of commencement of risk shall be same. If the life assured is minor, the policy term should be appropriately chosen so as to ensure that life assured will be at least 18 years (last birthday) as on the maturity date.


^The Guaranteed Additions (GA) would apply on the cumulative premiums paid, which is the sum of the premiums paid by the policyholder till date, excluding the applicable taxes, underwriting extra premiums and loading for the modal premium, if any, at the end of each policy year for in-force policies, at a simple rate.

It will be 5.5% for Annualized premium# less than Rs. 30,000 and 6.0% for Annualized premium# greater than or equal to Rs. 30,000.

#Annualized Premium shall be the premium amount payable in a year, as chosen by the policyholder, excluding applicable taxes, underwriting extra premiums and loadings for modal premium, if any.

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. For further details, click here.