When savings grow with certainty, tomorrow feels within reach.  

SBI Life - Smart Platina Supreme is a savings product that offers guaranteed returns with life insurance coverage, supporting you as you shape the future you envision. This Individual, Non-linked, Non-participating, life insurance, savings product provides guaranteed additions each year, building a foundation that grows stronger over time. Choose premium payment terms and policy durations that align with how your life unfolds. At maturity, you receive a lump sum that brings aspirations closer. SBI Life - Smart Platina Supreme walks alongside you, offering the confidence that comes from predictable growth and enduring security. 

Know about SBI Life – Smart Platina Supreme

UIN: 111N171V03 | Product Code: 3G

Financial planning is shaped by responsibility. It is about ensuring continuity for your family while preparing for income needs over time. SBI Life - Smart Platina Supreme is an Individual, Non-Linked, Non-Participating, Life Insurance Savings product designed to address two essential needs, securing your family and supporting your personal goals. Throughout the policy term, insurance coverage ensures your loved ones remain financially supported. At the end of the policy term, you receive regular guaranteed income throughout the payout period to help you maintain financial stability and meet ongoing expenses.

Different goals require different approaches. Career advancement demands focus, retirement requires careful planning, and building additional income takes sustained effort. This product recognises these varied needs and provides the flexibility to adapt. Whether you are growing professionally or preparing for your later years, the structure works with your circumstances.

SBI Life - Smart Platina Supreme fulfils your commitment to your loved ones as your own aspirations move forward. What you build today becomes the foundation your family depends on tomorrow.

Guaranteed Income

Choice of Income Options and Frequency

Life Cover with optional Rider for enhanced protection

Features

Security: SBI Life - Smart Platina Supreme stands as your enduring commitment to those who count on you. Life insurance coverage throughout the policy term ensures loved ones remain financially secure, empowering them to maintain their lifestyle and pursue their goals with confidence.

Flexibility: SBI Life – Smart Platina Supreme offers two options to align with your individual financial planning needs. You have the liberty to select premium payment terms and frequency, policy term, pay-out period, and income frequency. This ensures alignment with your financial vision and long-term aspirations.

Maturity benefits^$ : In the form of Level or Increasing Guaranteed Income^ throughout the pay-out period, followed by 110 per cent of Total Premiums Paid^# at the end of the payout period .SBI Life - Smart Platina Supreme provides two income payout options to match your financial goals.

Level Guaranteed Income: Your payout amount stays the same throughout the entire payout period . This offers steady, unchanging income you can plan around with confidence.

Increasing Guaranteed Income: : The amount you receive grows by 5 per cent simple interest per annum from the payout period onwards. Each year brings a higher payout, ensuring your income rises alongside your evolving financial requirements.
From personal milestones to family needs, SBI Life - Smart Platina Supreme can help you fulfil them all.

Enhanced Protection: The SBI Life -Accident Benefit Rider^* strengthens your family's security through enhanced coverage options.

Increased Returns: SBI Life - Smart Platina Supreme offers higher guaranteed income for those who contribute larger premiums. When you pay more into the plan, you receive Enhanced Guaranteed Income, a higher level of regular payouts. This means your increased contributions translate directly into greater financial returns. Your commitment translates into greater security and possibilities for those who depend on you.

Loans Against Policy: SBI Life - Smart Platina Supreme delivers financial flexibility while preserving long-term plans. Access to funds during the policy term through loans against policy creates an additional resource. This supports you and your loved ones when circumstances require, allowing you to address immediate needs while your broader goals remain intact.

^$Option to receive the discounted value of the future benefits (future Guaranteed Income and 110% of Total Premiums Paid), in the form of lumpsum.

^{^}The policyholder will have an option to avail guaranteed income at the beginning or end of the chosen income frequency.

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

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

Advantages

Security:SBI Life - Smart Platina Supreme stands as your promise to keep loved ones secure through every stage ahead. Life insurance coverage supports your family throughout the policy term, providing the financial stability they need when circumstances require. The optional SBI Life - Accident Benefit Rider adds an extra layer of support during critical moments.

Flexibility: Choose your income flow on your own terms with the liberty to choose premium payments, premium frequency, policy duration, pay-out periods, and income frequency that suit your requirements. SBI Life - Smart Platina Supreme grows with you as children reach milestones, careers advance, and goals take shape, supporting you exactly when required.

Transparency: Guaranteed returns bring clarity to your tomorrow, showing exactly what you can provide for your loved ones. You know precisely how your contributions will support the aspirations you hold for your family. SBI Life - Smart Platina Supreme lets you plan with confidence, knowing your financial security is certain, allowing you to focus on the moments and opportunities ahead.

Benefits

Maturity Benefit (For In-force policies)
The maturity benefit is payable if the life assured survives at the end of the policy term, provided the policy is in force.
The maturity benefit is payable in the form of Guaranteed Income at the end/beginning^* of each income frequency chosen during the pay-out period and 110% of the Total Premiums paid^# at the end of the pay-out period, irrespective of the survival of the life assured during the pay-out period.
The life assured/nominee (in case of death of the life assured after the policy term) has an option to take the discounted value^** of the future benefits (future Guaranteed Income and 110% of Total Premiums paid^#) in the form of a lump sum.

Guaranteed Income Benefit
The policyholder has to choose one of the following income pay-out options at inception:
1. Level Guaranteed Income: Guaranteed Income remains level throughout the pay-out period.
2. Increasing Guaranteed Income: Guaranteed Income will increase every year at a simple interest rate of 5% p.a., starting from the second year of the pay-out period.
Once chosen, the income plan option cannot be changed during the policy term. The policyholder can choose a pay-out period of 15, 20, 25 or 30 years, depending on their future requirements.
The income pay-out frequencies allowed are Yearly, Half-Yearly, Quarterly and Monthly.
The policyholder can choose any one of the income pay-out frequency options at the inception of the policy and also has an option to change the income pay-out frequency option before the end of the policy term. Once the income pay-out starts, the frequency cannot be changed.

Death Benefit (For In-Force Policies)
On the death of the life assured, provided the policy is in force, at any time during the policy term, the sum assured on death will be payable as a lump sum to the nominee or legal heir of the life assured, as the case may be. The policy terminates, and there will be no further benefits payable under the policy.
Where the sum assured on death is the highest of the following:
● Sum Assured = 11 multiplied by Annualized Premium^{^}
● Annual Guaranteed Income × Factor 1 + 110% of Total Premiums Payable^~ × Factor 2
● 105% of total premiums paid^# up to the date of death
Where, Factor 1 is discounting factor for future guaranteed income and Factor 2 is discounting factor for 110% of Total Premiums payable at the end of Payout Period.
For Increasing Guaranteed Income option, Annual Guaranteed Income of first year of pay-out period will be considered.
The factors will depend on the policy term, Guaranteed Income Option, Pay-out Period and the policy year during which the death claim is made.

^*3 months before maturity, the policyholder will have an option to opt for receiving the guaranteed income at the beginning of the chosen income pay-out frequency, by intimating the company. Guaranteed Income payable at the beginning will be Guaranteed Income amount X Percentage as per the chosen Income payout frequency (which is for Yearly = 93%, Half -Yearly = 97%, Quarterly = 98% & Monthly = 99%)

^**Discounted value would be calculated using discount rate per annum, where discount rate is 30-year prevailing G-Sec rate as on 1st April of each of the Financial Year plus 50 basis points.

^{^}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

^~Total Premiums payable means total premiums payable during policy term 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 Supreme, 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?

Premium Payment Term / Policy Term / Pay-out Period (in Years)	Premium Payment Term	Policy Term	Pay-out Period
Entry Age* (in Years)	Minimum: 3^		Maximum: For POSPs & CPSC-SPV: 57 For Other Channels: 60
Maturity Age* (in Years)	Minimum: 18		Maximum: For POSPs & CPSC-SPV: 65 For Other Channels: 75
	7	8 to 12	15 / 20 / 25 / 30
	8	9 to 13
	10	11 to 15
Sum Assured	Minimum: ₹ 5,50,000/-		Maximum: For POSP & CPSC-SPV: Rs. 25 Lakhs@ For Other Channels: No Limit (as per Board Approved Underwriting Policy)
Annualized Premium	Minimum: ₹ 50,000/-		Maximum: For POSP & CPSC-SPV: As required to cover max SA of Rs 25 Lakhs per life For Other Channels: No Limit (as per Board Approved Underwriting Policy)
Rider	SBI Life – Accident Benefit Rider (UIN:111B041V01) Option A: Accidental Death Benefit (ADB) Option B: Accidental Partial Permanent Disability Benefit (APPD)
Premium Modes	Yearly \|\| Half-Yearly \|\| Monthly
Premium for Non-Yearly Modes	Half-Yearly: 51.00% of annualized premium \|\| Monthly: 8.50% of annualized premium

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

^{^}Subject to minimum maturity age. 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: Maximum Sum Assured on Death of Rs. 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 Riders cannot be attached to the policies sold through POSPs and CPSC-SPV channel