Smart Swadhan Neo | Life Insurance Savings Plans | SBI Life Insurance
SBI Logo

Join Us

Tool Free 1800 22 9090

SBI Life – Smart Swadhan Neo

UIN: 111N148V01

Product Code: 3W

play icon play icon
SBI Life Smart Swadhan Neo with Return of Premium

Add more joy to
your life's journey
with Return of Premium

An Individual, Non-Linked, Non-Participating, Life Insurance Savings Product with Return of Premium.

As a responsible person you have always desired to secure the future of your family financially in case of any unfortunate event, by choosing to insure yourself at an affordable cost. Further, if life progresses as per your plan, you would also wish that the insurance plan you have paid for, would return back the amount you actually paid.

Build a strong foundation to achieve your goals with SBI Life - Smart Swadhan Neo which gives you return of premium while protecting your family.

Key Benefits :
  • Life insurance coverage with ease of issuance.
  • 100% Return of Total Premiums paid# as maturity benefit.
  • Flexibility to choose Policy Term and Premium Payment options.

#Total Premiums paid means total of all the premiums paid under the base product, excluding any extra premiums and taxes, if collected explicitly.

Highlights

SBI Life Smart Swadhan Neo with Return of Premium

SBI Life Smart Swadhan Neo

plan profile

Ali, a 33-year-old working professional, has ensured his family’s financial independence. And if life goes as planned, he has the added benefit of knowing he can receive a 100% return of premiums.

Fill in the form field to see how you too can benefit from this plan.

Name:

DOB:

Gender:

Male Female Third Gender

Staff:

Yes No

A little information about the premium options...

Plan Type

Premium Frequency


Let's finalize the policy duration you are comfortable with...

Policy Term

10 30

Premium Paying Term

Sum Assured

5 Lakhs 24,90,000

Channel Type


SBI Life – Accident Benefit Rider (111B041V01)

Term For ADB Rider

7 15

ADB Rider Sum Assured

50,000 1500000

Term For APPD Rider

7 15

APPD Rider Sum Assured

50,000 500000

Reset
sum assured

Sum Assured


premium frequency

Premium frequency

Premium amount
(excluding taxes)


premium paying

Premium Payment Term


Policy Term

Policy Term


maturity benefits

Maturity Benefit

Give a Missed Call

Features

  • Life insurance coverage with ease of issuance
  • 100% Return of Total Premiums paid# at maturity
  • Option to choose Regular, Limited or Single premium and Policy term
  • Optional Accident Benefit Rider@ available

Advantages

Security
  • Protect your family’s future with life cover
Reliability
  • Assurance of getting back the Total Premiums paid# by you, on maturity
Flexibility
  • Freedom to decide your Policy term and Premium Payment term as per your requirements
Simplicity
  • Enjoy a hassle-free enrolment process through a simplified proposal form
Avail tax benefits^^
#Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premiums 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).

Maturity Benefit (For In-force policies):
On survival of the Life Assured up to maturity, 100% of the Total Premiums paid# during the policy tenure, will be paid in a lumpsum.

Death Benefit (For In-force policies):
In the unfortunate event of death of the Life Assured during the policy term, Sum Assured on Death will be payable to the Nominee / Legal Heir in lumpsum.

Sum Assured on death:
For Single Premium (SP) Policies: Higher of (Sum Assured@ or 125% of Single Premium)
 

For Limited Premium Payment Term (LPPT) / Regular Premium (RP) Policies:
Highest of (Sum Assured@ or 10 times of Annualized Premium** or 105% of the Total Premiums paid# till the date of death)

There is no waiting period under the product. The Life Cover Benefit would be same (as defined above) throughout the policy term.

Where,

@Sum Assured is the absolute amount of benefit chosen by the policyholder at the inception of the policy.

**Annualized Premium is the premium amount payable in a year, excluding taxes, rider premium, underwriting extra premiums and loadings for modal premiums.

For more details on risk factors, terms and conditions of SBI Life - Smart Swadhan Neo, read the following documents carefully.

SBI Life Smart Swadhan Premium Details
*Age mentioned in this document is age last birthday on the date of proposal
##Monthly mode of premium will be accepted if payment is made by Electronic Clearing System (ECS), Salary Savings Scheme or Standing Instructions (where payment is made either by direct debit of bank account or credit card).

3W/ver1/10/24/WEB/ENG

^^Tax Benefits:
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. 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 riders please read the rider brochure carefully before concluding a sale.