SBI Life Smart Platina Assure
SBI Life Smart Platina Assure plan offered by SBI Life is an Individual, Non-linked, Non-participating, life endowment assurance savings product. This plan offers you guaranteed maturity benefit along with life cover. In this, you are promised a guaranteed addition of 5.25% to 5.75% per annum.
One of the main features of this plan is that you have to pay premium for it only for 6 or 7 years. While you can avail the policy term up to 12 or 15 years.
In this, you get monthly and annual premium payment option. Along with this, you are also offered tax benefit on this.
Features Of SBI Life Smart Platina Assure
Following are the features of SBI Life Smart Platina Assure –
- In this you are promised assured return along with life cover.
- In this, you are provided with a guaranteed addition of 5.25% to 5.75% at the end of each policy year.
- You get this plan for a policy term of up to 12 or 15 years, while you have to pay premiums for it only for 6 or 7 years.
- In this, you get the option of paying premium as per your convenience. You can choose to pay your premium monthly or annually.
- In this you get tax benefit as per section 80C of the Income Tax Act, 1961
SBI Life Smart Platina Assure Benefit
The following are the benefits of SBI Life Smart Platina Assure Plan-
- Maturity Benefit:
In case the life assured is alive at the end of the policy term, he/she receives the Guaranteed Sum Assured on maturity as well as accrued Guaranteed additions.
- Death Benefit:
In case of accidental death of the life assured during the policy term, the benefit of Sum Assured along with accrued Guaranteed Additions along with death benefit is provided to the beneficiary.
The Sum Assured paid in case of death is 10 times the annualized premium or higher of 105% of the total premiums paid till the date of death.
SBI Life Smart Platina Assure Eligibility
Eligibility for SBI Life Smart Platina Assure is as follows-
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| Age at Entry | Minimum- 3 Years Maximum- 60 Years |
| Maturity Age | Maximum- 75 Years |
| Policy Term | 12 & 15 Years |
| Premium Payment Term | 6 years for policy term of 12 year 7 years for policy term of 15 year |
| Premium Frequency | Yearly/Monthly |
| Annualized Premium (In Multiple of 1000) | Minimum- 50,000 Maximum- No Limit |
| Basic Sum Assured | Minimum- 2,40,000 Maximum- No Limit |
Documents Required For SBI Life Smart Platina Assure
To buy SBI Life Smart Platina Assure Plan, you need to provide some necessary documents .
Documents Required for SBI Life Smart Platina Assure are as follows-
- application
- identity proof
- Accommodation quantity
- age proof
- Income ratio
SBI Life Smart Platina Assure Premium
Multiple premium payment options are provided to the customer for SBI Life Smart Platina Assure Plan. You get this plan for a policy term of 12 or 15 years. Whereas you have to pay the premium only for 6 or 7 years.
You are provided with the option to pay monthly and annually as premium frequency. If you pay the premium annually, then you have to pay a minimum annual premium of ₹ 50,000. There is no limit on the maximum premium paid.
Premium Payment Term
- 6 years for policy term of 12 year
- 7 years for policy term of 15 year
Premium Frequency
- Yearly
- Monthly
Annualized Premium (In Multiple of 1000)
- Minimum- 50,000
- Maximum- No Limit
How To Buy SBI Life Smart Platina Assure?
If you are planning to buy SBI Life Smart Platina Assure Plan then buying it is quite easy. You can buy it online or offline as per your convenience.
If you want to buy this plan through online medium then you can buy it easily in easy steps by visiting the official website of SBI Life.
To buy through offline, you will either have to visit your nearest SBI bank branch and buy this plan or you can easily buy this plan through insurance agents.