Smart Platina Advantage

Protection with Guaranteed Savings

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Certainty in savings that carries your family forward.

Know about SBI Life - Smart Platina Advantage

UIN: 111N175V01 | Product Code: 4E

Assurance of Guaranteed Benefits

Guaranteed Additions to boost Maturity Benefit

Flexibility Of Monthly, Half-Yearly or Yearly Premiums

Know Your Life Insurance Plan

Features

Life Cover with Assured Benefits: Your aspirations move forward with the backing of reliable support. SBI Life - Smart Platina Advantage provides both life coverage and a guaranteed benefit for you and your loved ones.
 
Guaranteed Benefits: SBI Life - Smart Platina Advantage delivers guaranteed benefits for a policy term of 15, 20 or 30 years. This steady growth supports the goals you are working towards.
 
Flexible Payment: A payment structure that fits your approach makes planning simpler. With SBI Life - Smart Platina Advantage, you can choose to pay for just 7 or 10 years, while enjoying the benefits for the entire policy term.
 
Payment Options: SBI Life - Smart Platina Advantage aligns with your planning, offering coverage at a pace that suits you. Whether you prefer Yearly / Half –Yearly / Monthly premiums, your planning complements your broader goals.
 
Optional Rider: Life brings moments that call for additional support. You can choose to enhance your SBI Life - Smart Platina Advantage coverage with an optional rider, offering extra security for your loved ones when circumstances require it.
 
Tax Benefits*: Planning efficiently today opens greater possibilities for tomorrow. SBI Life - Smart Platina Advantage helps you enjoy savings under the Tax Act, 1961, allowing you the flexibility to concentrate on reaching your goals.

Advantages

Security: With SBI Life - Smart Platina Advantage, consistent and dependable backing remains in place, even as life's circumstances change. Your loved ones can move forward with confidence as their tomorrow stays supported
 
Flexibility: The choices you make today shape the stability you build for tomorrow. SBI Life - Smart Platina Advantage offers the option to pay monthly, half-yearly or yearly, allowing you to choose a payment schedule that fits your lifestyle. In addition, you also have the flexibility to receive the maturity benefit in lumpsum or in instalments up to 7 years as per your needs.
 
Simplicity: Streamlined processes make securing coverage easier for you. The application process for SBI Life - Smart Platina Advantage is designed to provide seamless access to the coverage you need.
 
Reliability: As your life progresses through different stages, your financial plan should keep pace. SBI Life – Smart Platina Advantage offers guaranteed additions at the end of every policy year, steadily enhancing your benefits and supporting your evolving goals with confidence.

Plan Benefits

Maturity Benefit:
On survival of Life Assured till the end of the policy term, provided the policy is in-force, Sum Assured on Maturity plus accrued Guaranteed Additions is payable as a lumpsum.
Where,
Sum Assured on Maturity is equal to the 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 accrued Guaranteed Additions; OR
• 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^
 
Settlement Option:
Maturity Benefit under the product is payable in lumpsum by default, however, Settlement Option is available at policy maturity. To exercise the settlement option the policyholder is required to intimate SBI Life at least 3 months prior to the maturity date. The Policyholder can choose one of the following two options:
• To take Maturity Benefit amount in monthly / quarterly / half-yearly / yearly instalments payable in arrears for a period of 2 to 7 years.
• To take a part of Maturity Benefit as lumpsum and rest in instalments payable in arrears. Policyholder can choose proportion of lumpsum and instalment period.
• The minimum instalment amount for varoius modes will be as below
Mode of Instalment Payment Minimum Instalment Amount (Rs)
Monthly 5,000
Quarterly 15,000
Half Yearly 25,000
Yearly 50,000

If the instalment amount payable as per chosen settlement option is less than the minimum amounts mentioned above, then the maturity benefit will be paid in lumpsum.

The instalment amount during the settlement period as per option chosen, will be basis the 10- year benchmark G-sec rate compounded half-yearly as on 1st April of the Financial Year in which the maturity date falls less 150 basis points. The 10-year benchmark G-Sec rate compounded half-yearly as on 1st April 2025 is 6.58% p.a.

In case of death of the Life Assured during the settlement period, instalments as scheduled will continue to be payable to the Nominee or Legal Heirs as the case maybe. Nominee/legal heirs can avail the option to take the lumpsum amount.

At any time during the settlement period, the present value of future scheduled instalments can be taken as lumpsum. The interest rate for calculating the present value will be the 10-year benchmark G-sec rate compounded half-yearly as on 1st April of the Financial Year during which the request is received less 100 basis points.

$$Sum Assured is the absolute amount of benefit granted under the policy at inception.

^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 Platina Advantage , 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?

Age at Entry (age last birthday) Minimum: 30 days# Maximum: 60 years
Age at Maturity (age last birthday) Minimum: 18 years Maximum: 75 years
Premium Payment Term & Policy Term Premium Payment Term Policy Term
7 years 10 years 15 years / 20 years 20 years / 30 years
Premium Amount Premium Frequency Minimum* Maximum
Yearly ₹ 50,000 No Limit, subject to Board Approved Underwriting Policy.
Half-Yearly ₹ 25,500
Monthly ₹ 5,000
Sum Assured Minimum: ₹ 1,64,780 Maximum: No limit; subject to Board Approved Underwriting Policy.
Premium Frequency Yearly / Half–Yearly / Monthly The premiums for Half-Yearly and Monthly frequencies will be calculated as : Half-Yearly: 51% of Annual Premium Monthly: 8.5% of Annual Premium
Rider SBI Life - Accident Benefit Rider (UIN:111B041V01) Option A: Accidental Death Benefit Option B: Accidental Partial Permanent Disability Benefit

*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.

SBI Life - Smart Platina Advantage

Calculate Your Premium

Every chapter of your life comes with its own responsibilities. The right life insurance plan grows with you, supporting your goals and the ones you care about.

Based on your age, coverage, premium payment term and policy duration, discover a premium that fits your life.

1 Personal Details
  • ⓘ Please fill out your Name to proceed.
  • ⓘ Name must be between 2 and 100 characters long.
  • ⓘ Name contains invalid characters. Only letters are allowed.

Select Your Gender

Discount

Gender(Proposer)

2 Let's finalize the policy duration you are comfortable with...
Choose a State
  • ANDAMAN AND NICOBAR
  • ANDHRA PRADESH
  • ARUNACHAL PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DAMAN AND DIU
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • HIMACHAL PRADESH
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • LAKSHADWEEP
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • MIZORAM
  • NAGALAND
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL
Choose a Channel
  • Web Aggregator
  • Broker
  • Online
  • Corporate Agent
  • Individual Agents
  • Direct Marketing
  • Insurance Marketing Firms (IMFs)
Annual Premium
50000 No Limit
Premium Payment Term
  • 7
  • 10
3 A little information about the premium options...

Premium Frequency

Policy Term
4 SBI Life- Accident Benefit Rider (111B041V01)
Term for ADB Rider
7 23
ADB Rider Sum Assured
50,000 33,00,000
Term for APPD Rider
7 23
APPD Rider Sum Assured
50,000 11,00,000
  • ⓘ Enter a valid calendar date for Assured's DOB.
  • ⓘ Age Must be between 30 Days Above and maximum 60 years
  • ⓘ Proposer age must be greater than 18 and less than 100
  • ⓘ Please select State.
  • ⓘ Please select Channel.
  • ⓘ Please select Premium Payment Term.
  • ⓘ Please select Policy Term.
Sum Assured
₹
Premium Payment Term
10 Years
Policy Term
10 Years
Maturity Benefit
10 Years
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Frequently Asked Questions

SBI Life – Smart Platina Advantage is a Non-linked, Non-participating, Life Insurance Savings Product that combines life insurance coverage with the benefits of savings. By paying premiums, you receive life insurance coverage along with guaranteed benefits payable at maturity, as defined under the policy terms. The product supports thoughtful planning for your loved ones while building predictability into your savings over time. This makes it a suitable choice for those seeking clarity and certainty in their long-term planning.

SBI Life - Smart Platina Advantage is structured independently of market-linked performance, ensuring that the value of your policy remains unaffected by market fluctuations. It provides guaranteed life coverage and a sum assured at maturity. The product also gives you the flexibility to choose how you want to receive maturity benefit, in lumpsum or in instalments up to 7 years, making it adaptable to your situation. The focus remains on offering guaranteed benefits with certainty you can rely on.

SBI Life - Smart Platina Advantage offers life coverage for your loved ones and a solid savings option. Additionally, SBI Life - Smart Platina Advantage includes benefit enhancement through guaranteed additions, which further improves the value of your policy. It serves as more than life insurance; it is a policy designed to support long-term planning. By selecting the right premium payment option, you gain flexibility while ensuring long-term stability.

Yes, SBI Life – Smart Platina Advantage guarantees a sum assured at maturity, along with guaranteed additions, as defined under the policy terms. Guaranteed Additions are accrued at the end of each policy year, helping build a predictable maturity value over a policy term of 15, 20, or 30 years, aligned with long-term financial planning needs.

The maturity amount for SBI Life - Smart Platina Advantage is sum assured on maturity along with guaranteed additions accrued throughout the term of your policy. This amount is fixed and will be provided to you at maturity. You can easily calculate this amount with the help of the premium calculator on the SBI Life - website or by consulting our expert.

SBI Life - Smart Platina Advantage product can be purchased online through a seamless process. You can easily enter your details, choose your premium payment option and complete the KYC process all on the SBI Life - website. Once done, you will receive your policy document electronically. From the beginning, your planning journey is made secure by us. Visit the SBI Life - website to begin your application today.

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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

For more details on Riders, terms and conditions, exclusions, please read rider brochure.

 

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