UIN: 111N171V01
Product Code: 3G
Smart Platina Supreme - Guaranteed Long Term Income Savings Plan
Name of Life assured:
DOB:
Gender:
Male Female Third GenderStaff:
Yes NoSum Assured
Premium frequency
Premium amount
(excluding taxes)
Premium Payment Term
Policy Term
$Option to receive the discounted value of the future benefits (future Guaranteed Income and 110% of Total Premiums paid), in the form of lumpsum.
^The policyholder will have an option to avail guaranteed income at the beginning or end of the chosen income frequency.
#Where, Total Premiums paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
*SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD).
^3 months before maturity, the policyholder will have an option to opt for receiving the guaranteed income at the beginning of the chosen income pay-out frequency, by intimating the company. Guaranteed Income payable at the beginning will be Guaranteed Income amount X Percentage as per the chosen Income payout frequency (which is for Yearly = 93%, Half -Yearly = 97%, Quarterly = 98% & Monthly = 99%)
#Where, Total Premiums paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
**Discounted value would be calculated using discount rate per annum, where discount rate is 30-year prevailing G-Sec rate as on 1st April of each of the Financial Year plus 50 basis points.
Where, Factor 1 is discounting factor for future guaranteed income and Factor 2 is discounting factor for 110% of Total Premiums payable at the end of Payout Period.
For Increasing Guaranteed Income option, Annual Guaranteed Income of first year of pay-out period will be considered.
The factors will depend on the policy term, Guaranteed Income Option, Pay-out Period and the policy year during which the death claim is made.
^Annualized premium shall be the premium amount payable in a year, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.
#Total Premiums paid means total of all the premiums paid under the base product, excluding any extra premium, and taxes, if collected explicitly
~Total Premiums payable means total premiums payable during policy term under the base product, excluding any extra premium and taxes, if collected explicitly.
3G/ver1/11/24/WEB/ENG
Anyone aged between 3 years (minimum) and 60 years (maximum for other channels; 57 years for POSPs and CPSC-SPVs) can buy this policy. The minimum maturity age is 18 years, while the maximum maturity age is 75 years (65 years for POSPs and CPSC-SPVs).
The policyholder can choose between:
The Premium Payment Terms are:
The corresponding policy terms range between 8–15 years, and the payout period can be 15, 20, 25, or 30 years.
The payout period is the duration during which guaranteed income is disbursed to the policyholder. With SBI Life - Smart Platina Supreme, the payout period options are 15, 20, 25, or 30 years, chosen at the policy's inception.
A guaranteed return insurance plan provides assured financial returns during a payout period, regardless of market fluctuations. In SBI Life - Smart Platina Supreme, the policyholder receives guaranteed income benefits along with 110% of the total premiums paid at the end of the payout period.
Yes, investing in a guaranteed return plan offers financial stability and peace of mind with predictable returns, life insurance coverage, and tax benefits. SBI Life - Smart Platina Supreme is particularly beneficial for individuals seeking a combination of assured income and savings.
The maturity benefit includes:
The maturity benefit includes:
Yes, this policy may require medical underwriting depending on the sum assured, policy terms, and the underwriting guidelines set by SBI Life. Medical evaluations ensure the policyholder's eligibility and risk assessment.