SBI Life - Smart Samriddhi | Savings Plan With Guaranteed Returns
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SBI Life – Smart Samriddhi

UIN: 111N097V02

Product Code: 2G

Smart Samriddhi Savings Insurance Plan

The assurance behind your dreams.

  • Life Cover throughout the policy term
  • Simple and Swift processing
  • Assured additions and savings
  • Limited premium payment period
  • No Medical Examination
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A Non-linked,Non-participating,Endowment Life Insurance Plan
Do you have enough savings to provide a cushion during financial emergencies? It’s time to start saving today for a brighter tomorrow.

SBI Life – Smart Samriddhi provides protection cover to your family in case of an unfortunate event and also rewards your saving habit with assured additions.

This plan offers –
  • Security – to cover your family’s financial needs in case of an eventuality
  • Simplicity – Easy and prompt processing of policy
  • Reliability –of guaranteed additions^ every year
  • Affordability – through reasonable premiums

Enter your details in the illustrator below and start saving for your family, for your dreams and for a rainy day.
Let the assurance of a financial safety net give you the confidence to soar high.

Highlights

SBI Life Smart Guaranteed Plan

Traditional Non-participating Individual Savings Plan

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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 Samriddhi. Fill in the form fields below to know how.

Name:

DOB:

Gender:

Male Female

Kerala Resident:

Yes No

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Policy Term

Annual Premium

15,000 75000

A little information about the premium options...

Premium Frequency

Premium Payment Term


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Sum Assured


Premium frequency

Premium amount
(excluding taxes)


Premium Payment Term


Policy Term


Maturity Benefit

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Features

  • Insurance cover
  • Guaranteed additions^ at the rate of 5.5% or 6.0%
  • Limited premium payment
  • Reasonable premium

Advantages

 

Security

  • Savings as well as life cover to ensure your family is financially secure

Simplicity

  • Easy application and quick processing of the policy

Reliability

  • Receive benefits for 15 years by paying premiums only for a limited period of 7 years
  • Assured returns^ at maturity

Affordability

  • Twin benefits of life cover and savings at reasonable premiums

Avail tax benefits*


^The Guaranteed Additions (GA) are defined as percentage of the sum of premiums paid & as on the end of any policy year. It will be 5.5 #for Annual premiums of Rs. 15,000 to Rs. 29,000 and 6.0% # for Annual premiums of Rs. 30,000 to Rs. 75,000. For paid-up policies, GAs would be paid on a proportionately reduced rate.


# The Guaranteed Additions defined above is at a simple rate and not at compounding rates.

& For Monthly Premium payment policies, the Guaranteed Additions would be calculated on the premiums paid excluding loading for the modal premium.

Maturity Benefit (For In-force policies):

 

On completion of Policy Term, Basic Sum Assured Plus accrued Guaranteed Additions, will be paid.

 


Death Benefit (For In-force policies):

In the unfortunate event of death of the Life Assured, ‘Sum Assured on death’ along with accrued guaranteed additions will be payable to the beneficiary. Where, Sum Assured on death is Higher of (Basic Sum Assured or 10 times the Annualized Premium or 105% of total premiums paid as on the date of death).

 


Tax Benefits*:

 

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.

 

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

For more details on risk factors, terms and conditions of SBI Life –Smart Samriddhi, read the following documents carefully.
**All the references to age are age as on last birthday.

2G.ver.01-01-19 WEB ENG

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

*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. You may visit our website for further details here. Please consult your tax advisor for details.

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