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

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SBI Life – New Smart Samriddhi

UIN: 111N129V01

Product Code: 2P

SBI Life New Smart Samriddhi Premium Details

A Life Of Assured Happiness With Ease

  • Life Cover throughout the policy term
  • Simple and Swift processing
  • Guaranteed additions ^
  • Limited premium payment period
  • No Medical Examination
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An Individual, Non-Linked, Non-Participating, Life Insurance Savings Product
Do you have enough savings to provide a cushion during financial emergencies? It’s time to start saving today for a brighter tomorrow.

SBI Life – New Smart Samriddhi provides protection cover to your family in case of an unfortunate event and also rewards your saving habit with Guaranteed additions^.

This plan offers –
  • Security – to cover your family’s financial needs in case of an eventuality
  • Simplicity – Easy and prompt processing of policy
  • Reliability –of guaranteed additions^ every year
  • Affordability – through reasonable premiums

Enter your details in the illustrator below and start saving for your family, for your dreams and for a rainy day.
Let the assurance of a financial safety net give you the confidence to soar high.


SBI Life New Smart Samriddhi Premium Details

Traditional Non-participating Individual Savings Plan

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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

Kerala Resident:

Yes No

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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

Premium frequency

Premium amount
(excluding taxes)

Premium Payment Term

Policy Term

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 15 years by paying premiums only for a limited period of 7 years
  • Guaranteed returns^ 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.

2P.ver.01-11-20 WEB ENG

^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. You may visit our website for further details here.