IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Wealth creation designed for those who aim higher.

Know about SBI Life – Smart Privilege Plus

sbil-corp-uin: 111L143V01 | sbil-corp-product-code: 3N

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

Features

Life Cover with Market-Linked Returns: SBI Life - Smart Privilege Plus serves as both your shield and catalyst, delivering coverage while connecting returns to market performance. This transforms your savings into growing wealth. This dual advantage ensures your family's security remains intact even as your investment portfolio pursues meaningful growth, allowing you to focus on pursuing your aspirations.
 
Loyality Additions: From the end of sixth policy year, SBI Life - Smart Privilege Plus honours your sustained commitment with Loyalty additions. These incremental rewards compound over time. This rewards your patience and long-term focus, strengthening the foundation you're building for your family's future.
 
Premium Payment Options: SBI Life - Smart Privilege Plus accommodates your individual path, whether through a single payment, contributions over select years, or steady commitments throughout the term. This flexibility allows you to match your insurance investment strategy with your income patterns and financial planning preferences, adapting as your life evolves.
 
Diverse Fund Options: SBI Life - Smart Privilege Plus offers twelve distinct fund pathways, each providing you with the opportunity to build a portfolio tailored to your personal aspirations. You can navigate from conservative debt funds to growth-oriented equity funds, tailoring risk and return to your comfort level and financial vision. This flexibility empowers you to build the financial foundation your family can rely on, both today and tomorrow.
 
Fund Switching and Redirection: SBI Life - Smart Privilege Plus enables smart adaptation, keeping investments aligned with your life's evolving priorities and emerging opportunities. Whether you wish to rebalance your portfolio as market conditions shift or your financial goals transform, you maintain control, ensuring your plan moves with you through every chapter.
 
Partial Withdrawals: From the sixth policy year forward, SBI Life - Smart Privilege Plus provides access to accumulated wealth during unforeseen circumstances while preserving your long-term goals. This liquidity feature serves as a financial safety valve, allowing you to navigate unexpected moments with confidence without surrendering the entire policy.
 
Enhanced Coverage Option: SBI Life - Smart Privilege Plus expands coverage through supplementary rider, creating additional security for those who count on you. These add-ons complete your comprehensive coverage framework and strengthen your family's security.

Advantages

Security: Smart Privilege Plus combines life coverage with wealth generation, securing your family's tomorrow while nurturing your long-term goals. When circumstances require, your loved ones receive both financial support and accumulated growth, enabling them to move forward with dignity and assurance.
 
Reliability: Loyalty additions entering your policy from the end of sixth year onwards build a strengthening reserve that grows more substantial with time. These consistent loyalty additions from SBI Life - Smart Privilege Plus create a dependable cushion, supporting your family through life's milestones and transitions.
 
Flexibility: SBI Life - Smart Privilege Plus lets you redirect premiums, switch between funds without restrictions. Your plan remains responsive to shifting circumstances and priorities, meeting you wherever life leads.
 
Liquidity: Starting from the sixth policy year or when the life assured reaches 18 years of age, whichever comes later, SBI Life - Smart Privilege Plus gives you controlled access to your accumulated fund value. The partial withdrawal feature offers relief during critical times while preserving the structure you have carefully built.

Plan Benefits

Maturity Benefit:

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.
Death Benefit:

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.

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.

SBI Life - Smart Shield Plus

आपले प्रीमियम मोजा

आपल्या जीवनातील प्रत्येक टप्पा आपली स्वतःची जबाबदारी घेऊन येतो. योग्य योजना आपल्यासोबत वाढते, आपले उद्दिष्टे आणि आपल्याला महत्व असलेल्या लोकांना समर्थन देते.

आपल्या वय, कव्हरेज, प्रीमियम पेमेंट कालावधी आणि पॉलिसी कालावधीच्या आधारावर, आपल्यासाठी योग्य प्रीमियम शोधा.

Age

Select Your Gender

Discount

Age
Premium Payment Term
1 14
Policy Term
5 30
Channel Type
  • Agency
  • Corporate Agent
  • Broker
  • Web Aggregator
  • Online
  • Direct Marketing

Premium Frequency

Premium Amount
50000 No Limit
Sum Assured Multiplier Factor
1.25 7
Calculated: ₹—
0 100
0 100
0 100
0 100
0 100
0 100
0 100
0 100
0 100
0 100
0 100
0 100
Total allocation: 100%
Validation: Total must be 100% (any single or multiple fund combination).
5 SBI Life- Accident Benefit Rider - Linked (111A042V01)

Premium Paying Term for ADB Rider
1 5
Term for ADB Rider
5 15
ADB Rider Sum Assured
50,000 12600000

Premium Paying Term for APPD Rider
1 5
Term for APPD Rider
5 15
APPD Rider Sum Assured
50000 4200000

Validation Errors

    सतत विचारले जाणारे प्रश्न

    एसबीआय लाईफ - स्मार्ट प्रिव्हिलेज प्लस सारख्या युलिप सारख्या जीवन विमा उत्पादनांसाठी भरलेले प्रीमियम आयकर कायदा, १९६१ च्या कलम ८०सी अंतर्गत कर कपातीसाठी पात्र आहेत, ज्यामुळे तुम्ही तुमचे करपात्र उत्पन्न प्रत्येक आर्थिक वर्षात ₹१.५ लाखांपर्यंत कमी करू शकता. तुमची विमा वचनबद्धता दीर्घकालीन संपत्ती निर्माण करताना कर कार्यक्षमतेचा मार्ग बनते.

    स्मार्ट प्रिव्हिलेज प्लससाठी वयाचे निकष खालीलप्रमाणे आहेत:

    किमान वय:

    • नियमित वेतन/मर्यादित वेतन: ८ वर्षे
    • एकेरी वेतन: १३ वर्षे
    • कमाल वय: ५५ वर्षे

    दुर्दैवाने, स्मार्ट प्रिव्हिलेज प्लस पॉलिसी अद्याप ऑनलाइन खरेदीसाठी उपलब्ध नाही. अधिक जाणून घेण्यासाठी किंवा पॉलिसीमध्ये नावनोंदणी करण्यासाठी तुम्ही आमच्या प्रतिनिधींशी संपर्क साधू शकता किंवा आमच्या तज्ञांशी बोलू शकता.

    सर्व पहा

    **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.

    WT/3N/ver1/02/26/WEB/ENG