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SBI Life – Smart Platina Assure
UIN: 111N126V04
Product Code: 2K
Guaranteed
returns that
inspire you
for more.
Fulfil your aspiration to accomplish your dream and achieve your goals independently, while making sure that your loved ones are protected. With SBI Life - Smart Platina Assure, a guaranteed return savings plan that provides life cover for your family and helps to achieve your desired goals in life.
Key Features :
- Assurance of Guaranteed Maturity Benefit^ in lumpsum
- Reliability of Guaranteed Additions# to boost corpus
- Life Cover along with assured return and tax benefit*
Guaranteed Sum Assured on maturity (^) plus accrued guaranteed additions for in-force policies.
#Guaranteed additions are added at a rate on the sum of the annualized premiums paid till date, at the end of each policy year for in-force policies. The Guaranteed Additions will be 5.25% for annualized premium less than Rs. 1,00,000 and 5.75% for annualized premium of Rs. 1,00,000 and above.
*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.
Highlights
SBI Life - Smart Platina Assure
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 - Smart Platina Assure. Fill in the form fields below to know howName:
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Sum Assured
Premium frequency
Premium amount
(excluding taxes)
Premium Payment Term
Policy Term
Maturity Benefit
Features
- Get Life cover along with Assured return
- Enjoy Guaranteed Additions^ of 5.25% to 5.75% 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
Advantages
Security
- Financial protection that ensures your family’s security in the event of the death of the Life Assured.
Flexibility
- Monthly and yearly payment options for added convenience.
Simplicity
- Provides you with an easy application process for hassle-free issuance
Reliability
- Guaranteed Additions^ based on the annualized premium, at the end of each policy year
^Guaranteed Additions
Guaranteed additions as per the table below are added at a rate on the sum of the annualized 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 applicable taxes, underwriting extra premiums and loading for the modal premium.
| Annualized Premium less than Rs. 1,00,000 | Annualized Premium greater than or equal to Rs. 1,00,000 |
| 5.25% | 5.75% |
^^ Annualized premium shall be premium payable in a year 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 10 times the Annualized Premium* or 105% of total premiums paid upto the date of death.
*Annualized premium shall be premium payable in a year chosen by policyholder, excluding applicable taxes underwriting extra premiums and loading for modal premiums, if any.
NW/2K/ver2/01/22/WEB/ENG
*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 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. Please consult your tax advisor for details.