SBI Life Flexi Smart Plus Insurance
SBI Life Flexi Smart Plus Insurance Plan is an Individual, Participating, Variable Insurance Product. You get it in two plan options (Gold Option and Platinum Option). Through this you can ensure the financial security of your family. In this you get guaranteed minimum bonus interest rate (1% p.a.).
You can change your policy term as per your requirement. Partial withdrawals can also be made through this plan if required after the 6th year of the policy term.
SBI Life Flexi Smart Plus Insurance plan is available to you for a minimum policy term of 5 years and a maximum of 30 years. In this, you get many options to pay the premium.
Features Of SBI Life Flexi Smart Plus Insurance Plan
- SBI Life Flexi Smart Plus Insurance Plan offers you guaranteed minimum bonus interest rate which is 1% p.a. for the entire policy term.
- Bonus interest rate is declared at the end of each financial year.
- SBI Life Flexi Smart Plus insurance plan is available to you in two options – Gold Option and Platinum Option.
- In this insurance plan, you can also make partial withdrawals from the sixth year of the policy term.
- In this you get the option to increase or decrease your Sum Assured. In this, you are also given the option to extend your policy term as per your requirement.
Benefits Of SBI Life Flexi Smart Plus Insurance Plan
- Death Benefit:
In SBI Life Flexi Smart Plus Insurance Plan , death benefit is provided to the person nominated by the insured if the insured dies accidentally during the policy term.
- Read Also SBI Life Smart Champ Insurance
(i) Gold Option
Higher of Policy Account Value or Sum Assured / Paid-up Sum Assured or 105% of total premiums paid till the date of intimation of death claim.
(ii) Platinum Option
Higher of Policy Account Value or Sum Assured + Paid-up Sum Assured or 105% of total premiums paid till the date of intimation of death claim.
- Maturity Benefit:
In SBI Life Flexi Smart Plus insurance plan, if the life assured survives till the end of the policy term, then the maturity benefit is provided to him. In this, the policy account value is provided to the life assured which also includes the terminal bonus interest rate.
- Tax Benefits:
In SBI Life Flexi Smart Plus Insurance Plan (SBI Life Flexi Smart Plus Insurance in Hindi), you can also get tax benefits as per income tax laws. In this, you can get tax benefits on the premiums paid and maturity benefits received.
Eligibility For SBI Life Flexi Smart Plus Insurance Plan
The eligibility of SBI Life Flexi Smart Plus Insurance is as follows-
| Age at Entry | Min: 18 years Max: 60 years |
| Age at Maturity | Min: 23 years Max: 65 years |
| Sum Assured | Basic Sum Assured= Annualised Basic Premium x SAMF (Sum Assured Multiple Factors) |
| Policy Term | Min: 5 years Max: 30 years |
Documents Required For SBI Life Flexi Smart Plus Insurance Plan
The documents required for SBI Life Flexi Smart Plus Insurance Plan are as follows-
- application
- Recognition rate
- address proof
- age proof
- Income ratio
SBI Life Flexi Smart Plus Insurance Plan Premium
The premium for SBI Life Flexi Smart Plus Insurance is as follows-
| Premium Paying Term | Same as Policy Term |
| Premium Frequency | Yearly, Half-Yearly, Quarterly and Monthly |
| Premium Amounts (in multiples of 100) | Minimum Yearly- 50,000 Half-Yearly- 30,000 Quarterly- 20,000 Monthly- 9,000 Maximum: No Limit |
How To Buy SBI Life Flexi Smart Plus Insurance Plan?
If you want to buy SBI Life Flexi Smart Plus Insurance Plan then you can buy it through online or offline medium.
To buy through online mode, you have to visit the official website of SBI Life and buy this plan after providing the required details.
You can buy insurance plans through insurance agents through offline medium or you can easily buy SBI Life Flexi Smart Plus Insurance Plan by visiting your nearest SBI bank branch.