Smart Platina plus

Steady Income for a Confident Tomorrow

Buy Now

Building Stability for Tomorrow

Know about SBI Life – Smart Platina Plus

UIN: 111N133V06 | Product Code: 2X

Regular Guaranteed Income During Payout Period

Flexibility^ to Suit Life Goals

 

Enhanced Security with Optional Rider^^

Know Your Life Insurance Plan

Features

Two Paths to Financial Security: SBI Life - Smart Platina Plus offers the flexibility to select between two income plan options to meet your financial needs
• Guaranteed Income
• Life Income
 
Maturity Benefit: As you transition into your next chapter, you need financial confidence to pursue what comes next. SBI Life - Smart Platina Plus addresses this by providing 110 per cent of the total premiums paid at the conclusion of your policy term. This amount gives you the ability to embrace new opportunities and aspirations with assurance.
 
Payout Frequency: SBI Life - Smart Platina Plus ensures consistent support that aligns with your lifestyle. Your income arrives at the frequency that suits you best: annually, half-yearly, quarterly, or monthly. This means you can plan your expenses with confidence, knowing regular support will arrive exactly when you need it.
 
Flexible Payment Options: SBI Life Smart Platina Plus premium contributions can be structured over 6, 7, 8, or 10 years, allowing your plan to accommodate your financial circumstances
 
Optional Rider^^: SBI Life – Smart Platina Plus offers enhanced protection with an optional rider^^.
 
Tax Benefits*: 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 detail.

Advantages

Security: With SBI Life - Smart Platina Plus, you receive life insurance that provides enduring coverage for your family throughout the entire policy term. This ensures they remain supported and secure, enabling you to continue building their lives with confidence.
 
Flexibility: The SBI Life - Smart Platina Plus product features a payout structure designed around your unique needs, giving you complete choice over the frequency of your income to match your lifestyle and goals. This adaptability ensures support arrives on your terms, aligning with how you live.
 
Simplicity: Begin with confidence and clarity from day one. Getting started with SBI Life - Smart Platina Plus.
 
Reliability: Consistent long-term income stands beside you and your loved ones throughout the years, offering dependable support during crucial moments. This steady presence provides the reassurance that your finances remain stable through changing circumstances.

Plan Benefits

Maturity Benefit (For In-force policies):
For both the Income Plan options on survival of the life assured till the end of the policy term, 110% of the total premiums paid would be refunded at the end of the policy term.
 
Survival Benefit (For In-force policies):
For both the Income Plan options, Guaranteed Income will be paid during the payout period depending on the payout frequency chosen provided the life assured is surviving.
 
Death Benefit (For In-force policies):
The death benefit under the two income options are as follows:

1. Life Income: On death of the life assured at any time during the policy term, Sum Assured on death is payable as lump sum to the nominee or legal heir of the life assured and the policy terminates.
2. Guaranteed Income: The death benefit payable before the commencement of the payout period and during the payout period are different.

● On death of the life assured before the commencement of the payout period, Sum Assured on death is payable as lump sum to the nominee or legal heir of the life assured and the policy terminates.
On death of the life assured after the commencement of the payout period, Sum Assured on death is payable as lumpsum to the nominee or legal heir of the life assured and the nominee or legal heir shall continue to receive the future Guaranteed Income during the payout period. The nominee or legal heir shall have an option to receive the discounted value of the future Guaranteed Income, in the form of a lumpsum, anytime during the payout period, discounted at 8.25% per annum.

Where Sum Assured on death is higher of the following:
Basic Sum Assured = 11 times of annualised premium^ or
105% of total premiums paid# up to the date of death or
Annual Guaranteed Income * Death Benefit Factor for Guaranteed Income + Maturity Benefit * Death Benefit Factor for Maturity Benefit
 

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

 

#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 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?

PLAN AT A GLANCE
Premium Payment Term (in years) Payout Period (in years) Policy Term (in years) Minimum Age* at Entry Maximum Age* at Entry (in years) Maximum Age* at Maturity (in years)
6 13 20 30 days^ POSPs and CPSC-SPV Channel: 45 POSPs and CPSC-SPV Channel: 65
7 15/20/25/30 23/28/33/38 For Other Channels: 60 For Other Channels: 99
8 15/20/25/30 24/29/34/39
10 15/20/25 26/31/36
Minimum annualized Premium: (in multiples of ₹1000) ₹50,000
Maximum annualized Premium@ No limit, subject to Board approved underwriting policy
Basic Sum Assured(11*Annualized Premium) Minimum :₹5,50,000
Maximum :No limit, subject to Board approved underwriting policy
Premium Modes Yearly / Half-yearly/Monthly
Basic Sum Assured(11*Annualized Premium) Minimum :₹5,50,000 Maximum :No limit, subject to Board approved underwriting policy
Premium for Non - Yearly Modes Half-Yearly :51.00% of annualized premium
Monthly : 8.50% of annualized premium
Premium for Non - Yearly Modes SBI Life - Accident Benefit Rider UIN: 111B041V01 Option A :Accidental Death Benefit (ADB)
Option B :Accidental Partial Permanent Disability Benefit (APPD)

*All the references to age are age as on last birthday

^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 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.

@Note: For POSPs and CPSC-SPV Channel: Policy Term allowed is 20 Years and the maximum Sum Assured on Death is restricted to INR 25,00,000 per life, across all policies of SBI Life Insurance Company sold through POSPs and CPSC-SPV. The acceptance of any case is subject to Board approved underwriting policy. The rider premium shall not exceed 100% of base premium. The Riders cannot be attached to the policies sold through POSPs and CPSC-SPV channel

SBI Life - Smart Platina Plus

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

Select Your Gender

Discount

Life Assured

2 Explore the Premium Option...
Distribution Channels
  • Point of Sales Persons (POSPs)
  • CPSC-SPV
  • Others
Premium Frequency
  • Yearly
  • Half-Yearly
  • Monthly
Annual Premium
50000 No Limit
Premium Payment Term
  • 6
  • 7
  • 8
  • 10
3 Choose Your Policy Option

Income Plan

Guaranteed Income Frequency
  • Yearly
  • Half-Yearly
  • Quarterly
  • Monthly
Payout Period
  • 13
  • 15
  • 20
  • 25
  • 30
Policy Term
  • ⓘ Please fill out your Name to proceed.
  • ⓘ Enter a valid calendar date for Assured's DOB.
  • ⓘ Please select Distribution Channels.
  • ⓘ Please select Premium Frequency.
  • ⓘ Please select Premium Payment Term.
  • ⓘ Please select Guaranteed Income Frequency.
  • ⓘ Please select Payout Period.
Sum Assured
₹
Premium Payment Term
10 Years
Policy Term
10 Years
Maturity Benefit
10 Years
Email This to Yourself

Frequently Asked Questions

SBI Life - Smart Platina Plus is an Individual, Non-linked, Non-participating life insurance savings product designed to support your future aspirations. It provides regular, guaranteed income during the payout period. This helps you achieve your aspirations while building financial confidence for the years ahead. Explore how SBI Life - Smart Platina Plus can work for you by speaking to our experts today.

SBI Life - Smart Platina Plus offers two flexible income options for financial security. At maturity, it returns 110 per cent of your total contributions. This amount enables you to pursue new opportunities with confidence. You can receive your income at intervals that suit your lifestyle—annually, quarterly, or monthly. You can also select premium payment terms of 6, 7, 8, or 10 years. An optional rider provides extra coverage for your loved ones. To know more about the main benefits and features of SBI Life - Smart Platina Plus, contact our experts today.

After you enrol in SBI Life - Smart Platina Plus, you make premium payments across your selected term. The policy term equals Premium Payment Term plus one year plus Payout Period. One year after your premium payments conclude, SBI Life - Smart Platina Plus delivers guaranteed income throughout your chosen payout period, providing steady financial support. At policy maturity, you receive 110 per cent of your total premiums paid, giving you the liberty to plan for the years ahead. Choose between two income options: Life Income or Guaranteed Income, and receive your payouts yearly, half-yearly, quarterly, or monthly to match your lifestyle. Use our premium calculator to get started.

The two plan options available under SBI Life Smart Platina Plus are:

 

Life Income: This option provides enduring financial security, particularly valuable during retirement years. You receive continuous income for as long as you live, allowing you to embrace each day with confidence.

 

 

Guaranteed Income: Receive a steady income for the payout period chosen. Should anything happen to you before the guaranteed term concludes; the payments continue to your beneficiary for the remaining duration, ensuring their journey forward remains supported.

 

SBI Life - Smart Platina Plus addresses two essential needs: securing your family and building long-term savings. It provides reassurance knowing your loved ones remain supported while helping you build tomorrow through savings. With guaranteed returns, flexible premium options, and tax benefits, it offers a straightforward approach to achieving your financial goals. Check your eligibility and explore your options now.

Before purchasing SBI Life - Smart Platina Plus, carefully read the policy document and prospectus to know whether the plan is a good match for you and your family. For further help, you can reach out to our experts.

View All

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.

 

^To choose Income plan option, Premium Payment Term, Payout Period, Income Payout Frequency

 

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

*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.
WT/2X/ver1/02/26/WEB/ENG