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Individual, Non-Linked, Participating, Life Insurance Savings Product. You can avail dual benefits of regular income and security for your family.
SBI LIFE - SMART MONEY PLANNER
"Today you plan. Tomorrow you reap."
1. Life cover throughout the policy term
2. Regular income during benefit payment period
3. Single and limited premium payment options
4. Simple reversionary bonuses
Individual, Non-Linked, Participating, Life Insurance Savings Product
Are you adequately prepared to meet various financial demands at different stages of life? Have you invested in a financial plan that can provide regular income?
Now you can avail dual benefits of regular income and security for your family under the same plan with SBI Life - Smart Money Planner.
1. Security - through life cover
2. Reliability - with regular income throughout benefit payment period
3. Flexibility - through four different plan options
Enter your details in the benefit illustrator below and see how you can benefit from this plan.
HIGHLIGHTS
1. Savings Plan
2. SBI Life - Smart Money Planner
3. Income Plan
4. Money back
5. Traditional Plan
Features & Advantages
Features
1. Life cover throughout the policy term
2. Get sum assured in equal instalments throughout the benefit payment period
3. Four plan options
4. Limited Premium Payment and Single Premium Payment options
Advantages
Security
1. Get financial support to ensure your family is protected
Reliability
1. Regular income ensures your financial goals are met
Flexibility
1. Four plan options tailored to suit your financial requirements
2. Choose the Premium Payment Period as per your financial obligations.
Avail tax benefits*
Plan Benefits
Death Benefit:
For Limited Premium : In the unfortunate event of death during the term of the policy, provided the policy is in-force:
1. Higher of A or B is paid to the nominee, where:
A = Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal bonus, if any.
Where Sum assured on death is higher of Basic Sum Assured or 10 times the annualized premium
B = Minimum death benefit, which is equal to 105% of the total premiums received up to the date of death
Annualized Premium is the premium amount payable in a year chosen by the policy holder, excluding the Applicable Taxes, underwriting extra premium and loadings for modal premiums, if any.
The total premiums received means total of all the premiums received, excluding any extra premium, and taxes
For Single Premium : In the unfortunate event of death during the term of the policy, provided the policy is in-force:
Sum Assured on death + Vested Simple Reversionary Bonuses + Terminal bonus, if any.
Where Sum assured on death is higher of Basic Sum Assured or 1.25 times the single premium
Survival Benefits:
On survival during the benefit payout period you will be paid regular payouts at the end of each policy year which will be equal to 20% of basic sum assured for 5 years under Plan 1 & 3 and 10% of the basic sum assured for 10 years under Plan 2 & 4, excluding the final survival benefit payout installment.
Maturity Benefit:
On survival till maturity, you will get vested reversionary bonuses plus terminal bonus, if any, along with the final benefit installment i.e. Guaranteed Sum assured on maturity. Where, guaranteed sum assured on maturity is 10% or 20% of the basic sum assured depending on the plan opted.
Who can buy?
Covered
Four plan options tailored to suit your financial requirements.
