SBI Life - Smart Swadhan Plus

SBI LIFE - SMART SWADHAN PLUS

"Securing happiness, assuring smiles."
1. Protection at reasonable cost
2. Refund of premiums
3. Multiple premium payment options

An Individual, Non-linked, Non-participating, Life Insurance, savings product with return of premium.

Are high premiums holding you back from getting that much-needed life insurance coverage?

Now get protection at a nominal cost, with the added benefit of getting your premiums back. With SBI Life - Smart Swadhan Plus, get guaranteed return of premiums and assurance of protecting your family.

This plan offers an array of benefits like -
1. Security - to meet your family's needs in case of an eventuality
2. Reliability - through return of total premiums paid^
3. Flexibility - to choose the policy term and premium payment options
4. Simplicity - through easy application process

Try the benefit illustrator and get peace of mind, knowing that your family and you are covered adequately.
Start building a safer tomorrow by making small savings today.

HIGHLIGHTS
1. SBI Life - Smart Swadhan Plus
2. Protection
3. Security
4. Return of Premium

Features & Advantages

Features

1. Life insurance coverage
2. 100% return of total premiums paid^ at maturity
3. Option of regular, limited or single premiums and to choose policy term
4. Short application process

Advantages

Security
1. Protect your family's future with life cover

Reliability
1. Assurance of getting back the total premiums paid^ by you , on maturity

Flexibility
1. Freedom to decide your policy term and premium payment frequency as per your requirements

Simplicity
1. Enjoy a hassle-free enrolment process through a simplified proposal form

Avail tax benefits^^
^Total Premiums Paid is equal to total of all the premiums received, excluding any extra premium and applicable taxes.

Plan Benefits

Maturity Benefit (For In-force policies):
On survival of the Life Assured up to maturity, 100% of the total premiums paid during the policy tenure, will be paid in a lump sum.

Death Benefit (For In-force policies):
In the unfortunate event of death of the Life Assured, Sum Assured on Death will be payable to the beneficiary.

Sum Assured on death:
For Single Premium (SP) Policies: Higher of (Basic Sum Assured# or 1.25 times of Single Premium)

For Limited Premium Payment Term (LPPT) / Regular Premium (RP) Policies: Higher of (Basic Sum Assured# or 10 times of Annualized Premium## or 105% of the total premiums received up to the date of death)

Where,

#Basic Sum Assured is the absolute amount of benefit chosen by the policy holder at the inception of the policy.

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

Who can buy?


* Age mentioned in this document is age last birthday on the date of proposal
**For Monthly mode, up to 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card).For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction.