The freedom to meet today’s moments while preparing for tomorrow

SBI Life - Smart Money Back Plus is an Individual, Non-linked, Participating Life Insurance savings product that combines life coverage with periodic survival benefits. Designed to support both present commitments and long-term financial planning, the product provides guaranteed benefits along with regular payouts during the policy term. Flexible premium payment options and defined policy durations help align your contributions with your financial priorities, offering clarity and predictability in planning. SBI Life - Smart Money Back Plus enables you to move forward with assurance, supporting life as it unfolds while helping you secure what lies ahead

Know about SBI Life - Smart Money Back Plus

UIN: 111N174V02 | Product Code: 4B

Life is filled with cherished milestones, from advancing in your career to welcoming a child, supporting their education, and enjoying meaningful moments together. As you work towards these aspirations, the reassurance of steady financial support helps you move forward with confidence. SBI Life - Smart Money Back Plus helps provide this security, ensuring your future remains well protected.

This Individual, Non-linked, Participating Life Insurance Savings Product provides periodic guaranteed payouts for key stages of life, along with life insurance coverage throughout the policy term. As a participating policy, it combines guaranteed payouts with the potential for bonuses, supporting steady growth of savings and long-term financial security. With its dependable money-back insurance policy benefits, SBI Life - Smart Money Back Plus offers reliable support, helping maintain long-term goals while ensuring lasting confidence for you and your family.

Steady Support for your life’s Key Moments

Guaranteed Payouts with Bonus Potential

Flexibility That Keeps You Comfortable

Features

Periodic Cash Payouts: Financial support at key moments in life provides the stability to pursue goals. Embrace aspirations with confidence through a carefully structured money-back insurance policy.

Total Benefit of 130% of Sum Assured Along with bonuses: As SBI Life Smart Money Back Plus is a participating policy, you benefit from it’s participation in the company's 'with profits' life insurance business. This helps you build a strong financial foundation for the future. Your family's well-being remains supported with upside of potential bonuses^.

Survival Benefits: Receive 90% of the Sum Assured through increasing survival benefits of 15 % , 20% , 25% and 30% at key intervals, so that you can plan your expenses or meet meaningful milestones.

Maturity Benefit: At maturity, 40% of the Sum Assured is payable along with any Vested Reversionary Bonus, if declared, and Terminal Bonus, if any, supporting you in achieving significant financial ambitions.

Flexible Premium Payments: SBI Life - Smart Money Back Plus offers premium payment options that are thoughtfully designed to blend seamlessly with your financial planning supporting the smooth continuation of your long-term financial plans.

Enhanced Protection with Optional Accident Benefit Rider*: An optional rider that adds an extra layer of financial security in the event of an accident, offering added reassurance for you and your family. It works alongside the main plan to provide greater comfort and support during unexpected moments.

Premium Discounts for Higher Sum Assured: Higher Sum Assured unlock enhanced value in SBI Life Smart Money Back Plus.

^{^} Includes Vested Reversionary Bonus if declared, plus Terminal Bonus, if any.

^*SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)

Advantages

Security:Life insurance cover provides a strong financial foundation, helping to ensure the well-being of the family. Our money-back insurance policy offers security that brings reassurance, supporting both current and future needs.

Flexibility: Limited Premium Payment Terms of 7, 10, and 12 years make premium payments manageable and suited to different life phases. SBI Life - Smart Money Back Plus allows contributions to be comfortably planned alongside other financial commitments. This gives you the freedom to focus on living fully today while knowing your family's tomorrow is being built with care

Simplicity: Periodic cash payouts align with the chosen policy term, offering support at important moments. These structured payouts make it easier to plan for milestones

Premium Discounts: Higher Sum Assured brings added value, enhancing the benefits of the plan, making long-term security and savings even more rewarding over the policy term.

Reliability: Total benefits of 130% of the Sum Assured over the policy term, along with potential bonuses^, help savings grow steadily over time. This combination of guaranteed and potential bonuses^ supports financial stability for the future.

Tax Benefits^^: Tax advantages under the Income Tax Act, 1961, help you make the most of your savings while securing the future. This helps you retain a greater portion of your earnings, as applicable under prevailing laws.

^{^} Includes Vested Reversionary Bonus if declared, plus Terminal Bonus, if any.

^{^^}You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. You are advised to consult your tax advisor on applicable tax benefits under the policy.

Plan Benefits

Bonus: Being a participating product, this policy shall participate in the profits arising out of the company's 'with profits' life insurance business. Reversionary bonus, if any, would be declared as a result of the surplus generated based on the Statutory Valuation carried out at the end of every financial year. Terminal bonus, if declared, would become payable in the policy year when the policy results into a claim either by death, surrender or maturity. Reversionary bonus would be expressed as a percentage of Sum Assured and Terminal bonus would be expressed as a percentage of accrued Reversionary bonuses.

Survival Benefits: The Survival Benefits instalments expressed as a fixed percentage of Sum Assured are payable on survival of Life Assured till the end of specified policy years during the policy term, subject to policy being in-force.

Maturity Benefits: On survival of Life Assured till the end of the policy term, provided the policy is in force, Sum Assured on Maturity plus Vested Reversionary Bonus if declared, plus Terminal Bonus, if any, is payable as a lumpsum.
Where, Sum Assured on maturity is equal to 40% of Sum Assured.

Death Benefit: In the unfortunate event of death of Life Assured during the policy term, provided the policy is in-force, Death Benefit is payable as lump sum, which is higher of the following:

Sum Assured on Death plus Vested Reversionary Bonuses, if declared plus Terminal Bonus, if any 105% of the Total Premiums Paid^## up to the date of death

where Sum Assured on Death is higher of Sum Assured^{^} or 11 times of Annualized Premium^**

Death Benefit mentioned above is payable irrespective of Survival Benefits already paid, if any

Rider Benefit Refer to the rider brochure for more information

^{^}The Sum Assured is the absolute amount of benefit chosen by the policyholder at the inception of the policy.

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

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

Downloads

For more details on risk factors, terms and conditions of SBI Life – Smart Money Back Plus, read the following documents carefully.

• Product Brochure/Prospectus

• Product Guide

• Policy Document

• Customer Information Sheet (CIS)

• SBI Life - Accident Benefit Rider Brochure/Prospectus

• SBI Life - Accident Benefit Rider Policy Document

• SBI Life - Accident Benefit Rider - Customer Information Sheet (CIS)

Who Can Buy?

Age at Entry (age last birthday)	Minimum: 30 Days^#		Maximum: 50 Years
Age at Maturity (age last birthday)	Minimum: 20 Years		Maximum: 70 Years
Sum Assured	Minimum: ₹2,00,000		Maximum: No limit; subject to Board Approved Underwriting Policy.
Premium Payment Term & Policy Term	Premium Payment Term		Policy Term (both inclusive)
	7 Years		20-25 Years
	10 Years
	12 Years
Premium Frequency	Yearly/ Half-Yearly/ Monthly The premiums for Half-Yearly & Monthly frequencies will be calculated as: Half-Yearly: 51.00% of Annualized Premium Monthly: 8.50% of Annualized Premium
Premium Amount	Premium Frequency	Minimum**	Maximum
	Yearly	20,000	No Limit, subject to Board Approved Underwriting Policy.
	Half -Yearly	10,200
	Monthly	1,700
Rider	SBI Life - Accident Benefit Rider: (UIN: 111B041V01) Option A: Accidental Death Benefit (ADB) Option B: Accidental Partial Permanent Disability Benefit (APPD)

^**Premium amounts exclusive of any taxes, underwriting loadings and rider premium, if any.

^#Subject to minimum maturity age. If the life assured is minor, date of commencement of policy and date of commencement of risk shall be same and the policyholder/proposer can be parents, grandparents or legal guardian. This shall be as per our Board approved underwriting policy. The policy shall vest in the life of the minor insured once he / she attains majority i.e. 18 years