Tool Free 1800 22 9090
UIN: 111N171V02
Product Code: 3G
Smart Platina Supreme - Guaranteed Long Term Income Savings Plan
Name of Life assured:
DOB:
Gender:
Male Female Third GenderStaff:
Yes No
Sum 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/ver1/06/25/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.
