SBI Life Smart Humsafar Plan Details

SBI Life Smart Humsafar Plan offered by SBI Life is an individual, non-linked, parcipang life insurance savings product. This is a joint life plan in which both husband and wife are covered. It provides the benefit of savings along with insurance cover for both husband and wife.

In SBI Life Smart Humsafar plan, you get the inbuilt premium waiver benefit. There is also an option to add additional riders for comprehensive coverage at a nominal cost.

Features Of SBI Life Smart Humsafar Plan

Features of SBI Life Smart Humsafar Plan are as follows-

1. In this plan, you are offered a savings plan along with life insurance coverage.
2. You can avail a joint life insurance through this.
3. In this you are offered a guaranteed minimum bonus during the policy term.
4. If any person dies, then they are provided with the benefit of premium waiver benefit.
5. You can further enhance your life insurance coverage by adding riders to this plan.
6. You get this plan for a minimum policy term of 10 years and a maximum of 30 years.
7. You get multiple premium payment options.
8. In this you are also provided with tax benefits.

Benefits Of SBI Life Smart Humsafar Plan

1. Maturity Benefit:

Maturity benefit is paid if one or both the people survive till the end of the policy term. The following benefits are provided to them in the form of maturity benefits-
Basic Sum Assured + Vested Simple Reversionary Bonuses + Terminal bonus

2. Death Benefit:

Death benefit is provided if either of the spouses dies during the policy term. In this you are provided with the following death benefits-

i) Sum assured on death is higher of Basic Sum Assured or 10 times of annualized premium.
ii) 105% of the total premiums received & upto the date of death under the base policy.

3. Rider Benefit:

In SBI Life Smart Humsafar Plan you get the option of increasing your insurance coverage by adding riders. You can enhance your insurance coverage as per your requirement through these riders. It is worth noting that you have to pay some additional premium for adding the rider.
You can add the following riders to the SBI Life Smart Humsafar plan-

i) SBI Life – Accidental Death Benefit Rider

4. Tax Benefit:

In this you get tax benefit under section 80C of the Income Tax Act 1961 on the premium paid. While you are eligible for tax benefit under Section 10 (10D) of the Income Tax Act 1961 on the maturity benefit received.

SBI Life Smart Humsafar Plan Eligibility

Eligibility for SBI Life Smart Humsafar Plan  is as follows-

• Read Also SBI Life Smart Swadhan Plus Plan

Documents Required For SBI Life Smart Humsafar Plan

To buy SBI Life Smart Humsafar , you also have to provide some necessary documents. We have told you below about these necessary documents which you will be required to provide at the time of purchasing this plan.

The documents required for SBI Life Smart Humsafar  are as follows-

• application 
• identity proof 
• Accommodation quantity 
• Income ratio 
• age proof 

SBI Life Smart Humsafar Plan Premium

SBI Life Smart Humsafar Plan  gives you multiple premium payment options. You can choose to pay your premium payments annually, half-yearly, quarterly or monthly. 

You have to pay premiums equal to the policy term in the form of premium paying term. Below we have provided you all the information related to SBI Life Smart Humsafar Plan Premium-

How To Buy SBI Life Smart Humsafar Plan?

If you are thinking of buying an SBI Life Smart Humsafar , then you can easily buy it online or offline through any medium as per your convenience. 

If you want to buy this plan offline, then you can buy life insurance plan through insurance agents or by visiting your nearest SBI branch. 

If you want to buy this plan through online medium, then you can easily do it sitting at home. For this you have to visit the official website of SBI Life and buy this plan by paying the premium after providing the required details.