SBI Life - Smart Samriddhi | Savings Plan With Guaranteed Returns

By pursuing your navigation on our website, you allow us to place cookies on your device. These cookies are set in order to secure your browsing, improve your user experience and enable us to compile statistics  For further information, please view our "privacy policy"

SBI Logo

Join Us

Tool Free 1800 22 9090

SBI Life – Smart Samriddhi

UIN: 111N097V03

Product Code: 2G

SBI Life Smart Samriddhi Premium Details

The assurance behind your dreams.

  • Life Cover throughout the policy term
  • Simple and Swift processing
  • Guaranteed additions
  • Limited premium payment period
  • No Medical Examination
An Individual, Non-Linked,Non-Participating, Life Insurance Savings Product
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 Guaranteed 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.


SBI Life Smart Samriddhi Premium Details

Traditional Non-participating Individual Savings Plan

Calculate Here


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




  • Life cover as well as savings to ensure your family is financially secure


  • Easy application and quick processing of the policy


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


  • 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 annualized premiums paid by the policyholder till date, at the end of each policy year, for in-force policies. It will be 5.5%# for Annualized premiums ranging from Rs. 12,000 to Rs. 29,000 and 6.0%# for Annualized premiums ranging from Rs. 30,000 to Rs. 75,000. For paid-up policies, GAs would be paid on a proportionately reduced rate.

Where the Annualized Premium shall be the premium amount payable in a year, as chosen by the policyholder, excluding applicable taxes, underwriting extra premiums and loadings for modal premium, if any.

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

Maturity Benefit (For In-force policies):

On survival of the life assured till the end of Policy Term, Basic Sum Assured Plus accrued Guaranteed Additions, as applicable, would 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 Nominee/beneficiary.
Where, Sum Assured on death is Higher of (Basic Sum Assured or 10 times the Annualized Premium or 105% of the total premiums received@ upto the date of death).

@Total Premiums received/paid means total of all the premiums received, excluding any extra premium and taxes
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.01-04-20 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 may be 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.

Call us toll free at

1800 267 9090(Available from 9:00 am to 9:00 pm everyday)

E-mail us at