SBI Life - Smart Power Insurance | Life Insurance with Disability Cover

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UIN: 111L090V02

Product Code: 1C

SBI Life Smart Power Premium Details

Whatever be the market scenario, your smile will stay intact.

  • Two plan options
  • Unique ‘Trigger Fund Option’
  • Accelerated Total & Permanent Disability Benefit
  • Liquidity through partial withdrawals
An Individual, Unit Linked, Non - Participating, Life Insurance insurance Product.

"The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in unit Linked Insurance Products completely or partially till the end of fifth year "

Do you wish to kick-start your financial planning through regular savings in a market-linked insurance plan? Are high premiums holding you back?

With SBI Life – Smart Power Insurance, begin your wealth creation journey with the help of reasonable premiums. Also obtain returns in tune with the current investment scenario.

This plan offers –
  • Security – to ensure your family is protected financially
  • Reliability – by meeting your changing financial needs
  • Flexibility – to manage the invested money as per your choice
  • Affordability – through affordable premiums
  • Liquidity – partial withdrawals to meet your expenses from the 6th policy year

Try the benefit illustrator below and see how you may benefit from this plan.
Start saving early and regularly to secure a better future.


SBI Life Smart Power

A non-participating, unit linked insurance plan

Dinesh, a 25-year-old engineer, can now meet his increasing liabilities, meet his short-term financial goals and secure his young family with this insurance plan.

Change the form fields below to see how you too can fulfil your life goals and secure your family’s future with SBI Life – Smart Power Insurance.




Male Female Third Gender

Kerala Resident:

Yes No


Yes No

Choose your policy term...

Policy Term

10 30

Increasing Cover Option


A little information about the premium options...

Premium Frequency Mode

Premium Amount

2,000 10,00,000

Sum Assured Multiplier Factor

10 20

Let's finalize the Fund options...

Select Fund

Smart Funds
Trigger Fund

How would you like to split your investment?

Equity Fund (%)

0 100

Equity Optimiser Fund (%)

0 100

Growth Fund (%)

0 100

Balanced Fund (%)

0 100

Bond Fund (%)

0 100

Money Market Fund (%)

0 100

Top 300 Fund (%)

0 100

Bond Optimiser fund (%)

0 100

PureFund (%)

0 100

Corporate Bond Fund (%)

0 100


Sum Assured

Premium frequency

Premium amount

Premium Payment Term

Policy Term

Maturity Benefit

At assumed rate of returns** @ 4%

@ 8%

Give a Missed Call


  • Secure your family’s financial future with Inbuilt Accelerated Total & Permanent Disability (TPD)
  • Choice of increasing cover option
  • Invest in any of the two fund options – Trigger Fund and Smart Funds, and two plan options - Level Cover Option and Increasing Cover Option.
  • Market-linked returns with affordable premiums
  • Partial withdrawals from 6th policy year



  • Ensure your family is financially secure in case of any eventuality


  • Meet your changing financial needs to live comfortably


  • Buy low and sell high with the Trigger Fund option or choose from 10 Smart Funds


  • Potential for wealth creation with nominal premiums


  • You can make withdrawals to meet your financial needs from the 6th policy year
Maturity Benefit:
  • On survival of the Life assured up to maturity, Fund Value will be paid in a lump sum.
Death Benefit:
  • In the unfortunate event of death of the Life Assured, while the policy is in-force, Higher of A, B & C is payable to nominee/Beneficiary/Legal Heir:
A. Fund Value as on the date of intimation of death
B. Basic Sum Assured as applicable, less Applicable Partial Withdrawal#.
C. 105% of the total premiums received up to the date of death, less   applicable Partial Withdrawal# is paid.
#Applicable Partial withdrawal is equal to partial withdrawals if any in the last 2 years immediately preceding the death of the Life assured.
In-built Accelerated Total and Permanent Disability (TPD) Benefit:
  • In case of TPD due to Accident or Sickness, 100% of the Death Benefit (as defined above) will be paid immediately and thereafter the policy would terminate.
Avail Tax Benefits*
For more details on risk factors, terms and conditions of SBI Life – Smart Power Insurance, read the following documents carefully.
#All the references to age are age as on last birthday.
$For monthly mode, upto 3 months premium to be paid in advance and renewal premium payment is allowed only though ECS, Credit Card, Direct debit and SI-EFT.
^Annualized Premium means the premium amount payable in a year excluding the applicable taxes.

1C.ver.01-01-20 WEB ENG

**Assumed rates of returns @4% and @8% p. a., are only illustrative scenarios at these rates after considering all applicable charges. These are not guaranteed and they are not higher or lower limits of returns. Unit Linked Life Insurance products are subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their future prospects or returns.

Unit Linked Life Insurance products are different from the traditional products and are subject to market risks. The premium paid in Unit Linked policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder is responsible for his/her decisions.

SBI Life Insurance Co. Ltd. is only the name of the insurance company and SBI Life – Smart Power Insurance  is only the name of the unit linked Life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document from the insurer.

The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, 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.

*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.

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