Money Back Insurance Policy | SBI Life Smart Money back Gold

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SBI Life – Smart Money Back Gold

UIN: 111N096V03

Product Code: 1N

SBI Life Smart Money Back Gold Premium Details

Get your money back when you need it the most

  • Three money back plan options
  • Total survival benefits of 110% of sum assured
  • Discount on large sum assured
An Individual, Non-linked, Participating, Life Insurance Savings Product

Are you worried about meeting various financial obligations in the years to come? Do you wish to safeguard your family’s future?

Invest in SBI Life – Smart Money Back Gold insurance plan, and avail twin benefits of life cover as well as periodic income to meet your financial requirements at crucial points in life.

This policy offers –
  • Security – protect your family’s future
  • Reliability – money back at regular intervals
  • Flexibility – choose your money back plan option

Fill in your details in the benefit illustrator below to see how you can protect your family and meet your financial needs at the same time.

Live life to the fullest by freeing yourself from financial worries.

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SBI Life Smart Money Back Gold

Individual, Non-linked, with profit endowment assurance plan

Mitesh used this money back plan to help him enroll his daughter in school and go for that international holiday, and is assured that his family’s financial future is secure.

Enter your details in the form field below and see how you can secure a brighter future.




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Policy Term

A little information about the premium options...

Premium Payment Option

Premium Payment Term

Premium Frequency

Sum Assured

200000 No limit


Sum Assured

Premium frequency

Premium amount
(excluding taxes)

Premium Paying Term

Policy Term

Maturity Benefit

At assumed rate of returns** @ 4%

@ 8%

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  • Three Money Back Options specially tailored to suit your milestones in life
  • Regular payouts of 15% of the basic sum assured
  • Flexibility to chose your Policy Term and payout frequency (every 3, 4 or 5 years) 
  • Convenience of choosing your Premium Payment Term – Single, Limited Premium Payment or Regular Premium Payment
  • Regular cash inflows to achieve your financial goals 
  • Total Survival Benefit of 110% of Sum Assured 
  • Attractive premium discount for higher Sum Assured




  • Meet your financial obligations and secure your family’s future


  • Regular cash flow at specific intervals to meet your financial needs


  • Three money back plan options to suit your needs


On Survival:

  • Before Maturity:
    The survival benefit installments expressed as a fixed percentage of basic sum assured payable at the end of specified durations during the policy term (expect the last survival benefit at the end of the policy term), as explained below which helps you to meet your key milestones at crucial junctures in life.

Given below are the various Policy term and frequency options of accompanying Moneyback payouts:

All Accrued Simple Reversionary Bonus, if declared will be paid along with the last Moneyback payout at maturity, which will be the total amount of bonus accrued under the policy during the entire term. The bonus will apply to the basic sum assured. Terminal Bonus (if any) will also be paid along with the last Moneyback payout.
  • At Maturity:
    Final survival benefit installment + Vested Simple Reversionary Bonus, if declared + Terminal Bonus, if any.

On Death:

In the unfortunate event of death during the policy term of the plan, provided the policy is in-force:

  • Higher of A or B is paid to the nominee, where:

A = Sum Assured on death + Vested Simple Reversionary Bonuses, if declared + Terminal bonus, if any.
Where Sum assured on death
For RP & LPPT policies is higher of Basic Sum Assured or 11 times the annualized premium
For SP policies is higher of Basic Sum Assured or 1.25 times the single premium

B = Minimum death benefit which is equal to 105% of all 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.
The total premiums paid means tatal of all premiums recived,excluding any extra premiums and taxes.
Basic Sum assured is the absolute amount of benefit, which is guaranteed to become payable on maturity and as chosen by the policyholder at the inception of the policy.

For more details on risk factors, terms and conditions of SBI Life – Smart Money Back Gold, read the following documents carefully.

^^All the references to age are age as on last birthday.
^The maximum sum assured would be subject to board approved underwriting policy. The maximum premium would be based on the sum assured offered.

1N.ver.01-11-19 WEB ENG 

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

*Tax Benefit:
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. Please consult your tax advisor for details.