SBI Life Smart Bachat - Best Endowment Assurance Plan

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UIN: 111N108V03

Product Code: 2D

SBI Life Smart Bachat Endowment Insurance Policy

Kuch apno ke liye, kuch apne liye.

  • Limited premium payment term
  • Two plan options
  • Optional Premium Waiver Benefit
Individual, Non-linked, Participating Life Insurance Savings Product

Are future uncertainties keeping you from committing to a long-term investment plan?
Safeguard your family’s future and meet your investment needs wisely with SBI Life – Smart Bachat.

This limited premium payment plan offers –
  • Security – to financially safeguard yourself and your family
  • Reliability – with simple reversionary bonuses throughout the policy term
  • Flexibility – to choose your premium payment term and policy term

Enter your details in our benefit illustrator below and see how you may secure yourself and your family.
Secure your finances, secure your happiness!


SBI Life Smart Bachat Plan

Individual, Non-linked, Participating Endowment Assurance Plan

Nikhil, a working professional, has chosen this insurance plan to not only financially secure his family in case of an eventuality but also to safeguard his future.

Fill in the form fields below to get a snapshot of how SBI Life – Smart Bachat will benefit you.




Male Female Third Gender


Staff Non-Staff

Kerala Resident:

Yes No

Life Assured:

Yes No

Choose your policy term...


Option A (Endowment Option)

Option B (Endowment Option with in-built Accidental Death and Total Permanent Disability Benefit)

AD & TPD Benefit Sum Assured

Policy Term

12 25

A little information about the premium options...

Premium Frequency

Sum Assured

1 Lakh 250000000

Premium Payment Term


Sum Assured

Premium frequency

Premium amount
(excluding taxes)

Premium Payment Term

Policy Term

Maturity Benefit

At assumed rate of returns** @ 4%

@ 8%

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  • Life insurance coverage through two plan options
  • Simple reversionary bonuses throughout the policy term
  • Option of in-built premium waiver benefit
  • Choose between four premium payment terms and a wide range of policy term



  • Financially protect you and your family in case of any eventuality with two options
    • Option A : Endowment Option
    • Option B : Endowment Option with in-built Accidental Death and Total Permanent Disability (AD&TPD) Benefit


  • Build your corpus through regular simple reversionary bonuses
  • Premium waiver on Accidental Total & Permanent Disability (only for Option B)


  • Opt for a policy term according to your insurance needs
  • Choose premium payment term as per your convenience

Avail tax benefits*

Maturity Benefit for both Options :

On survival till the end of the policy term, Basic Sum assured$ + Vested Simple Reversionary Bonuses + Terminal bonus, if any, is paid to the policyholder.

Note: In case of paid up policies, the Paid up Sum Assured will be paid instead of the Basic Sum Assured.

$Basic Sum Assured is the absolute amount of benefit, which is guaranteed to become payable on maturity and is chosen by the policyholder at the inception of the policy.

Death Benefit for both Options :

On death of the life assured during the policy term, the beneficiary is entitled to get higher of A or B
  • Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal Bonus, if any.
    Where Sum Assured on death will be higher of Basic Sum Assured or 10 times annualized$$ premium
  • 105% of the total premiums received^^ up to the date of death.

$$Annualized Premium is the premium payable in a policy year as chosen by the policy holder, excluding the Applicable Taxes, underwriting extra premium and loadings for modal premiums, if any.

^^Total Premiums received means total of all the premiums received, excluding any extra premium and applicable taxes.


In built Accidental Death and Total Permanent Disability (AD&TPD) Benefit, applicable only for Option B:

a) In case of Accidental Death of the life assured during the policy term,
  • An additional amount equivalent to the Basic sum assured would be payable in lump sum as an AD&TPD Benefit ##  PLUS
  • Death benefit as explained under 'Death Benefit for both Options'
  • Policy will terminate and no further benefits will be payable

b) In case of Accidental Total and Permanent Disability of the life assured during the policy term
  • AD&TPD Benefit## would be payable in lump sum
  • All future premiums would be waived off AND
  • The base policy continues till surrender, death or maturity, whichever is earlier
##AD & TPD Benefit will be lower of (a) and (b):
  • Basic Sum assured
  • Rs.50,00,000 subject to the condition that total sum assured under this benefit on all your individual policies with SBI Life put together should not exceed Rs. 50,00,000
  • This cap shall apply for Accidental Death and Accidental Total and Permanent Disability put together.
The benefit will be paid only once during the policy term, either on accidental death or on accidental total permanent disability.
For more details on risk factors, terms and conditions of SBI Life – Smart Bachat, read the following documents carefully.
^All the references to age are age as on last birthday.
# For Monthly mode, upto 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card).
For Monthly Salary Saving Scheme (SSS), upto 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction

2D.ver.01-11-19 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 may be 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.

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