A Non-linked,Non-participating,endowment assurance product
You have accomplished what you had aimed for and are a true champion. You take smart decisions to ensure that you always stay one step ahead in life.
A smart choice for champions like you is choosing the right savings plan which can minimise risk and assure a guaranteed return while providing life insurance.
We at SBI Life understand this and are pleased to Introduce SBI Life - Smart Platina Assure, an individual, non-linked, non-participating endowment assurance product which assures guaranteed returns with an advantage of paying premiums for a limited term. This smart endowment life insurance product will ensure that your money works harder while you work hard for your family and also give you peace of mind.
This endowment plan offers:
Security – protection for your loved ones in the case of an eventuality
Flexibility – choose between monthly or yearly premium payments
Simplicity – easy online application process
Reliability – through guaranteed additions
SBI Life - Smart Platina Assure
Traditional Non-participating Individual Savings Plan
Enjoy Guaranteed Additions^ of up to 7.00% at the end of each policy year
Pay for just 6 or 7 years and enjoy the benefit throughout the policy term of 12 or 15 years respectively
Option to choose Monthly or Yearly premium payment frequency, as per convenience
Get tax benefits* as per the prevailing norms under the Income Tax Act, 1961
*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.
Financial protection that ensures your family’s security in the event of the death of the Life Assured.
Monthly and yearly payment options for added convenience.
Provides you with an easy application process for hassle-free issuance
Guaranteed Additions^ based on the annual premium, at the end of each policy year
Guaranteed additions as per the table below are added at a simple rate on the sum of the annual premiums ^^ paid till date, at the end of each policy year for in-force policies.
Guaranteed addition amount = Rate of Guaranteed additions X cumulative premiums paid excluding underwriting extra premiums and loading for the modal premium.
Annual Premium less than Rs. 1,00,000
Annual Premium greater than or equal to Rs. 1,00,000
^^ Annual Premium shall be chosen by the policyholder, excluding applicable taxes underwriting extra premiums and loadings for modal premiums, if any
Maturity Benefit (For In-force policies):
Guaranteed Sum Assured on maturity plus Accrued Guaranteed additions, as applicable.
Death Benefit (For In-force policies):
In the unfortunate event of the death of the Life Assured, ‘Sum Assured on Death’ along with accrued Guaranteed Additions, if any, will be payable to the beneficiary.
Where, Sum Assured on Death is higher of Guaranteed Sum Assured on maturity OR 10 times the Annualized Premium* or 105% of all premiums paid till the date of death OR Any absolute amount assured to be paid on death.
*Annualized premium denotes the premium payable in a policy year, excluding underwriting extra premiums and loading for modal premiums, if any.
For more details on risk factors, terms and conditions of SBI Life – Smart Platina Assure, read the following documents carefully.
**All the references to age are age as on last birthday.
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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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. You may visit our website for further details here. Please consult your tax advisor for details.