Regular returns, enduring security, all in one product.

SBI Life - Smart Money Back Saver is an Individual, Non-linked, Participating, Life Insurance Savings Product offering periodic payouts at defined intervals with life coverage throughout the policy term. This regular premium money-back plan aligns premium payment with the policy term, delivering survival benefits while your family remains secure. As a participating money-back insurance plan, you receive reversionary bonuses, if declared & terminal bonuses, if any that enhances value over time. The money-back life insurance structure supports expenses like education fees and family milestones. SBI Life - Smart Money Back Saver brings financial certainty to every step of your journey.

Know about SBI Life – Smart Money Back Saver

UIN: 111N176V01 | Product Code: 4D

Financial readiness is what turns aspirations into achievements. When significant expenses require attention, having accessible returns makes all the difference in how you move forward. Reliability in finances gives you the liberty to focus on the people and priorities that give your life meaning.

SBI Life - Smart Money Back Saver is an Individual, Non-linked, Participating, Life Insurance Savings Product that delivers periodic payouts at periodic intervals alongside continuous life coverage throughout the policy term. This money-back plan aligns premium payments with the policy duration, ensuring returns arrive at predetermined periods when financial demands often peak. As a regular premium money-back insurance policy, the structured payouts support immediate needs such as educational expenses, household requirements, or important family occasions.

As a participating money-back life insurance plan, you receive reversionary bonuses, if declared & Terminal bonus, if any that reflect your shared performance, enhancing the amount you accumulate over the years. The money-back structure offers financial flexibility during challenging periods, maintaining your stability while life coverage remains in place. Should circumstances require it, your family receives the support needed to continue forward with dignity and financial independence.

SBI Life - Smart Money Back Saver brings together regular periodic returns and enduring coverage, helping you stay prepared for the moments that define your family's story. Each payout serves a purpose, each bonus adds strength, and every year builds the financial foundation that keeps your loved ones secure.

Periodic Payouts During The Policy Term

Combines Savings With Insurance

Life Cover For Financial Protection

Features

Periodic Cash Payouts: SBI Life - Smart Money Back Saver delivers regular cash payouts at predetermined intervals throughout your policy term, ensuring you have funds when life's important moments arrive. These periodic returns bring financial support when major expenses require attention. The money-back insurance policy structure allows you to access funds without disrupting your long-term savings.

Total Survival Benefit of 130% of the Sum Assured along with Bonuses^: Over the policy term, structured payouts deliver a total survival benefit amounting to 130% of the Sum Assured through increasing returns of 10%, 15%, 25%, and 35% of the Sum Assured at defined periodic intervals, followed by a final payout of 45% of the Sum Assured along with Bonuses at maturity. As a participating money-back life insurance plan, reversionary bonuses, if declared & terminal bonus, if any enhance the overall value you accumulate, strengthening the foundation you are building for your loved ones.

Disciplined Savings Through Regular Premiums: The regular premium payment structure encourages consistent financial discipline, helping you build wealth systematically. By aligning premium payments with the policy duration, this Smart Money Back Saver creates a sustainable savings rhythm that fits within your financial capacity.

Policy Term of 20 to 25 Years: SBI Life - Smart Money Back Saver offers policy terms ranging from 20 to 25 years, ensuring your money-back insurance policy aligns with major long-term financial objectives. This extended duration works in harmony with your timeline, supporting you as your priorities evolve over the years.

Premium Discounts for Higher Sum Assured: Choosing a higher Sum Assured brings premium discounts, making extensive coverage more accessible while delivering periodic payouts and strengthened life coverage.

Enhanced Coverage with optional SBI Life - Accident Benefit Rider^&: SBI Life - Smart Money Back Saver’s comes with an optional SBI Life - Accident Benefit Rider adds extra security, providing additional coverage in case of accidental loss of life or disability in the event of an accident, ensuring your family receives deeper support when circumstances require it.

Tax Benefits Under Prevailing Norms^^: Premiums paid may qualify for deductions under Section 80C, while maturity benefits and periodic payouts may be exempt under Section 10(10D), subject to conditions. This offers you the liberty to contribute towards your family's goals to a greater extent.

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

^{^^}Tax benefits are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for further details.

^&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 coverage provides financial support for your family, ensuring they can continue their journey with dignity and independence should circumstances require it. This means the life you have built together remains intact, allowing your loved ones to move forward with confidence knowing they are secure.

Flexibility: Disciplined savings through regular premium payment terms in this money-back plan create a sustainable pattern that adapts to your financial capacity and evolving needs. This structured approach provides consistency and clarity, giving you the ease to focus on other priorities while your plan continues working for your family's tomorrow.

Simplicity: Periodic cash payouts based on your chosen policy term arrive at predetermined intervals, bringing clarity to your financial planning. Premium discounts for higher Sum Assured make extensive coverage more accessible, ensuring the security your family needs remains within reach as your responsibilities grow.

Reliability: A total survival benefit of 130% of the Sum Assured is delivered through increasing payouts of 10%, 15%, 25%, and 35% at periodic intervals, followed by a final payout of 45% of the sum assured at maturity, along with bonuses^. This money-back insurance policy structure ensures returns arrive consistently throughout your policy term, rewarding your sustained commitment and strengthening the financial foundation that supports your loved ones.

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

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 the last survival benefit instalment which is equal to 45% 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

Tax Benefits*: Income tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your tax advisor for details

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

^$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.

Downloads

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

• Product Brochure/Prospectus

• Product Guide

• Product 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?

Premium Payment Term & Policy Term	Premium Payment Term		Policy Term
Age at Entry (age last birthday)	Minimum: 30 Days^#		Maximum: 45 Years
Age at Maturity (age last birthday)	Minimum: 20 Years		Maximum: 70 Years
Sum Assured	Minimum: ₹3,00,000		Maximum: No limit; subject to Board Approved Underwriting Policy.
Premium Payment Term & Policy Term	Regular Premium (Same as policy term)		20-25 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	18,000	No Limit, subject to Board Approved Underwriting Policy.
	Half -Yearly	10,000
	Monthly	2,000
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 underwriting loadings and rider premium, if any.

^#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