SBI Life Smart Money Back Saver – Life Insurance Savings Plan
SBI Logo

Join Us

Tool Free 1800 22 9090

Menu
Home
cart

Online Plans

SBI Life - Smart Money Back Saver

UIN: 111N176V01

Product Code: 4D

play icon play icon
  1. home
  2. products
  3. individual plans
  4. money back / income plans
  5. SBI Life - Smart Money Back Saver
SBI Life Smart Money Back Saver Premium Details

Enjoy Life's
Special Moments
with Confidence

An Individual, Non-linked, Participating, Life Insurance Savings Product.

Life is a series of beautiful transitions. Whether you are building a professional legacy, welcoming a new family member, funding a child’s higher education, or stepping into your dream home, these milestones define your story and the key is to be financially prepared for them. Having a dependable financial cushion ensures that you don’t just reach these moments – you enjoy them with complete peace of mind.

At SBI Life, we walk alongside you, offering the financial foresight needed to secure every stage of your journey.

Presenting SBI Life – Smart Money Back Saver*, an Individual, Non-linked, Participating Life Insurance Savings Product. This is a Regular Premium product, where the premium payment term is same as policy term and offers periodic payouts at defined intervals while providing life insurance coverage throughout the policy term. It enables you to stay focused on your ambitions and empower your future with unwavering confidence.

*SBI Life – Smart Money Back Saver will be referred to as Smart Money Back Saver hereafter.

Key Benefits:
  • Get periodic cash payouts at defined intervals to empower your life’s key milestones^
  • Disciplined savings through regular premium payment
  • Enhanced Protection with Optional Accident Benefit Rider*

^Get survival benefit payout as per the policy term chosen.
*SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD).

Highlights

SBI Life Smart Money Back Saver

Individual, Non-linked, with profit endowment assurance plan

plan profile

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.

Name:

DOB:

Gender:

Discount:

Let's finalize the policy duration you are comfortable with...

State

Channel

A little information about the premium options...

Premium Payment Option

Policy Term

20 25

Premium Paying Term

Premium Frequency

Sum Assured

300000 No limit

SBI Life – Accident Benefit Rider (111B041V01)

Option A : Accidental Death Benefit (ADB)

Term For ADB Rider

25 25

ADB Rider Sum Assured

50,000 1500000

Option B : Accidental Partial Permanent Disability Benefit (APPD)

Term For APPD Rider

20 25

APPD Rider Sum Assured

50,000 500000
Reset
sum assured

Sum Assured

premium frequency

Premium frequency

Premium amount
(excluding taxes)

premium paying

Premium Paying Term

maturity benefits

Maturity Benefit Exclaim

At assumed rate of returns** @ 4%


or
@ 8%

Give a Missed Call

Features

  • Periodic cash payouts based on policy term chosen to meet your planned financial goals
  • Total Survival Benefit of 130% of the Sum Assured over the policy term along with bonuses^.
  • Discipled savings through Regular premium payment
  • Policy term of 20 to 25 years to suit long-term financial goals.
  • Premium discounts for higher Sum Assured
  • Enhanced Protection with Optional Accident Benefit Rider*
  • Tax benefits^^ as per prevailing norms under Income Tax Act, 1961

^ Includes Vested Reversionary Bonus if declared, plus Terminal Bonus, if any.
^^Tax benefits are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for further details.

Advantages

Security

  • Life insurance cover to provide financial protection of the family

Flexibility

  • Disciplined savings through Regular Premium Payment Term

Simplicity

  • Periodic cash payouts based on policy term chosen
  • Premium discounts for Higher Sum Assured

Reliability

  • Total Survival Benefit of 130% of the Sum Assured payable through increasing payouts of 10%, 15%, 25%, 35%, and a final payout at maturity of 45% of the Sum Assured along with bonuses ^.

^Includes Vested Reversionary Bonus if declared, plus Terminal Bonus, if any.

Bonus

Being a participating product, this policy shall participate in the profits arising out of the company's 'with profits' life insurance business. Reversionary bonus, if any, would be declared as a result of the surplus generated based on the Statutory Valuation carried out at the end of every financial year. Terminal bonus, if declared, would become payable in the policy year when the policy results into a claim either by death, surrender or maturity. Reversionary bonus would be expressed as a percentage of Sum Assured and Terminal bonus would be expressed as a percentage of accrued Reversionary bonuses.

Survival Benefits

The Survival Benefits instalments expressed as a fixed percentage of Sum Assured are payable on survival of Life Assured till the end of specified policy years during the policy term, subject to policy being in-force.

Maturity Benefits

On survival of Life Assured till the end of the policy term, provided the policy is in force, Sum Assured on Maturity plus Vested Reversionary Bonus if declared, plus Terminal Bonus, if any, is payable as a lumpsum.
Where Sum Assured on maturity is the last survival benefit instalment which is equal to 45% of Sum Assured

Death Benefit

In the unfortunate event of death of Life Assured during the policy term, provided the policy is in-force, Death Benefit is payable as lump sum, which is higher of the following:
  • Sum Assured on Death plus Vested Reversionary Bonuses, if declared plus Terminal Bonus, if any
  • 105% of the Total Premiums Paid## up to the date of death

where Sum Assured on Death is higher of Sum Assured$ or 11 times of Annualized Premium***

Death Benefit mentioned above is payable irrespective of Survival Benefits already paid, if any

##Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
$The Sum Assured is the absolute amount of benefit chosen by the policyholder at the inception of the policy.
***Annualized premium shall be the premium amount payable in a year, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premium.

Rider Benefit

Refer to the rider brochure for more information.
SBI Life Smart Money Back Saver Premium Details
**Premium amounts exclusive of underwriting loadings and rider premium, if any.
#If the life assured is minor, date of commencement of policy and date of commencement of risk shall be same and the policyholder/proposer can be parents, grandparents or legal guardian. This shall be as per our Board approved underwriting policy. The policy shall vest in the life of the minor insured once he / she attains majority i.e. 18 years

4D/ver1/01/26/WEB/B/ENG

For more details on Riders, terms and conditions please read rider brochure.
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 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. For further details, click here.