IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
Wealth creation designed for those who aim higher.
SBI Life - Smart Privilege Plus is an Individual, Unit-Linked, Non-Participating, Life Insurance, Savings product tailored for high achievers seeking wealth accumulation alongside life insurance coverage. This plan offers a curated selection of fund options with professional management, allowing your contributions to work towards ambitious financial goals. Our plan provides loyalty additions that reward your long-term commitment, enhancing the value you receive over time. SBI Life - Smart Privilege Plus supports your journey towards financial excellence while ensuring your loved ones remain secure.
Know about SBI Life – Smart Privilege Plus
यूआईएन: 111L143V01 | उत्पाद कोड: 3N
Your achievements reflect careful decisions and smart choices that have shaped your journey. Continue to build on your legacy with SBI Life - Smart Privilege Plus, a solution designed to support your goals.
SBI Life - Smart Privilege Plus is a life insurance and wealth creation plan that combines flexibility, growth potential, and financial security. This is an Individual, Unit-linked, Non-participating, Life Insurance Savings product which offers a range of benefits tailored for high achievers like yourself. SBI Life - Smart Privilege Plus provides access to twelve diverse funds, with loyalty additions from the end of 6th policy year for in-force policies, to enhance the value of your contributions over time.
Contributing to SBI Life - Smart Privilege Plus secures your family's tomorrow with life coverage while creating a platform for wealth accumulation. With the ability to switch between funds and redirect premiums, as well as features like unlimited free switches it adapts to your evolving financial needs. This flexibility ensures your plan grows alongside your ambitions, supporting both your life coverage and your wealth creation journey. Your vision for tomorrow takes shape today, with a foundation that endures through every milestone and aspiration you pursue.
Wealth Creation Through 12 Diverse Funds
Loyalty Additions From the end of the 6th Policy Year
Unlimited Free Fund Switching
Know Your Life Insurance Plan
Advantages
Plan Benefits
On survival of the life assured up to maturity provided the policy is in-force, the Fund Value as on the date of maturity shall be paid in lump sum.
In case of an unfortunate death of the life assured during the policy term, provided all due premiums are paid till date of death, the beneficiary will receive highest of the following:
Higher of
- Fund Value as on the date of intimation of the death claim to the Company or
- Sum Assured less Applicable Partial Withdrawals (APW)#, or
- 105% of the Total Premiums Paid^ upto the date of death
#APW is equal to partial withdrawals, if any, in the last 2 years immediately preceding the death of the Life Assured.
^Total Premiums Paid means total of all the premiums received under the base product including top-ups premium paid, if any.
*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. Please consult your tax advisor for details.
For further details click here.
Downloads
• Product Brochure/Prospectus
• Product Guide
• Policy Document
• Customer Information Sheet (CIS)
• SBI Life - Accident Benefit Rider - Linked Brochure/Prospectus
• SBI Life – Accident Benefit Rider – Linked Policy Document
• SBI Life - Accident Benefit Rider - Linked Customer Information Sheet (CIS)
Who Can Buy?
| Age¹ at Entry | Minimum: Regular Pay/Limited Pay: 8 years Single Pay: 13 years | Maximum: 55 Years | |
|---|---|---|---|
| Age¹ at Maturity | Minimum: 18 years | Maximum: 70 years | |
| Plan Type | Regular Pay/Limited Pay / Single Pay | ||
| Premium Payment Term (PPT) and Corresponding Policy Term (PT) | Plan Type | Policy Term (Years) | Premium Payment Term (Years) |
| Regular Pay | 10 to 30 (both inclusive) | Same as policy term | |
| Limited Pay | 15 to 30 (both inclusive) | Min: 5 Max: Policy Term minus 1 year | |
| Single Pay | 5 to 30 (both inclusive) | One time payment at policy inception | |
| Premium Amount | Plan Type | Minimum (₹) | Maximum (₹) |
| Regular Pay / Limited Pay | Yearly : 6,00,000 | No Limit Shall be as per Board Approved Underwriting Policy | |
| Half – Yearly : 3,00,000 | |||
| Quarterly : 1,50,000 | |||
| Monthly: 50,000 | |||
| Single Pay | 6,00,000 | ||
| Premium Frequency | Single/Yearly / Half – Yearly / Quarterly / Monthly^ | ||
| Sum Assured | Plan Type | Sum Assured | |
| Regular Pay & Limited Pay | 7 × Annualised Premium² | ||
| Single Pay | 1.25 × Single Premium³ | ||
| Rider | SBI Life - Accident Benefit Rider - Linked (UIN : 111A042V01) Option A: Accidental Death Benefit (ADB) Option B: Accidental Partial Permanent Disability Benefit (APPD) | ||
1Age mentioned in this document is age last birthday
For more details on Riders, terms and conditions, exclusions, please read rider sales brochure.
2Where Annualized Premium means the premium amount payable in a year, excluding taxes, rider premiums and underwriting extra premiums on riders, if any.
3Single Premium means the premium amount payable in lump sum at policy inception excluding taxes, rider premiums and underwriting extra premium on riders, if any
^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.For Monthly Salary Saving Scheme (SSS), upto 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction
Note: In case of the minor lives, the policy term should be appropriately chosen so as to ensure that life assured will be at least aged 18 years (last birthday) as on the maturity date. In case of minor lives, date of commencement of policy and date of commencement of risk shall be same.
अपना प्रीमियम गणना करें
आपके जीवन का हर अध्याय अपनी जिम्मेदारियों के साथ आता है। सही योजना आपके साथ बढ़ती है, आपके लक्ष्यों और आपके प्रियजनों के लिए समर्थन देती है।
आपकी आयु, कवरेज, प्रीमियम भुगतान अवधि और पॉलिसी की अवधि के आधार पर, ऐसा प्रीमियम खोजें जो आपके जीवन के अनुकूल हो।
Validation Errors
अक्सर पूछे जाने वाले प्रश्नों
एसबीआई लाइफ - स्मार्ट प्रिविलेज प्लस जैसे यूएलआईपी जैसे जीवन बीमा उत्पादों के लिए भुगतान किए गए प्रीमियम आयकर अधिनियम, 1961 की धारा 80सी के तहत कर कटौती के पात्र हैं, जिससे आप प्रत्येक वित्तीय वर्ष में अपनी कर योग्य आय को 1.5 लाख रुपये तक कम कर सकते हैं। आपका बीमा निवेश दीर्घकालिक संपत्ति निर्माण के साथ-साथ कर दक्षता का मार्ग प्रशस्त करता है।
स्मार्ट प्रिविलेज प्लस के लिए आयु मानदंड निम्नलिखित हैं:
न्यूनतम आयु:
- नियमित वेतन/सीमित वेतन: 8 वर्ष
- एकल वेतन: 13 वर्ष
- अधिकतम आयु: 55 वर्ष
दुर्भाग्यवश, स्मार्ट प्रिविलेज प्लस पॉलिसी अभी ऑनलाइन खरीदने के लिए उपलब्ध नहीं है। अधिक जानकारी प्राप्त करने या पॉलिसी में नामांकन करने के लिए आप हमारे प्रतिनिधियों से संपर्क कर सकते हैं या हमारे विशेषज्ञों से बात कर सकते हैं।
**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 Privilege Plus 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 funds 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.
For more details on risk factors, terms and conditions of riders please read rider 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.
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 money invested in Unit Linked Insurance Products completely or partially till the end of fifth year.