SBI Life - Smart Platina Assure

You have accomplished what you had aimed for and are a true champion. You take smart decisions to ensure that you always stay one step ahead in life.

A smart choice for champions like you is choosing the right savings plan which can minimize risk and assure a guaranteed return while providing life insurance.

We at SBI Life understand this and are pleased to Introduce SBI Life - Smart Platina Assure, an individual, non-linked, non-participating, life endowment assurance savings product which assures guaranteed returns with an advantage of paying premiums for a limited term. This smart endowment life insurance product will ensure that your money works harder while you work hard for your family and also give you peace of mind.

This endowment plan offers:
Security-protection for your loved ones in the case of an eventuality
Flexibility-choose between monthly or yearly premium payments
Simplicity-easy online application process
Reliability-through guaranteed additions

HIGHLIGHTS
Life Insurance
Savings Plan
Guaranteed Additions
Monthly Mode
SBI Life - Smart Platina Assure

Features & Advantages
Features
Get Life cover along with Assured return
Enjoy Guaranteed Additions of 5.25% to 5.75% at the end of each policy year
Pay for just 6 or 7 years and enjoy the benefit throughout the policy term of 12 or 15 years respectively
Option to choose Monthly or Yearly premium payment frequency, as per convenience
Get tax benefits as per the prevailing norms under the Income Tax Act, 1961

You can avail tax benefits on payment of premium under Sec 80C of Indian Income Tax Act 1961.

Advantages
Security
Financial protection that ensures your familY's security in the event of\ the death of the Life Assured.

Flexibility
Monthly and yearly payment options for added convenience.

Simplicity
Provides you with an easy application process for hassle-free issuance

Reliability
Guaranteed Additions based on the annualized premium, at the end of each policy year

Guaranteed Additions

Guaranteed additions as per the table below are added at a rate on the sum of the annualized premiums paid till date, at the end of each policy year for in-force policies.

Guaranteed addition amount = Rate of Guaranteed additions X cumulative premiums paid excluding applicable taxes, underwriting extra premiums and loading for the modal premium.



Annualized premium shall be premium payable in a year chosen by the policyholder, excluding applicable taxes underwriting extra premiums and loadings for modal premiums, if any.

Plan Benefits
Maturity Benefit (For In-force policies):
Guaranteed Sum Assured on maturity plus Accrued Guaranteed additions, as applicable.

Death Benefit (For In-force policies):
In the unfortunate event of the death of the Life Assured, Sum Assured on Death along with accrued Guaranteed Additions, if any, will be payable to the beneficiary.

Where, Sum Assured on Death is higher of 10 times the Annualized Premium or 105% of total premiums paid up to the date of death.

Annualized premium shall be premium payable in a year chosen by policyholder, excluding applicable taxes underwriting extra premiums and loading for modal premiums, if any.



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.