SBI Life Smart Platina Plus
SBI Life Smart Platina Plus offered by SBI Life is an Individual, Non-linked, Non-participating, Life Insurance Savings Product. It gives you the assurance of regular guaranteed income.
This plan comes with 2 income plans which include Guaranteed Income and Life Income. In Guaranteed Income, you get the option of receiving a fixed regular income. Also, you get the option to choose the income benefit as yearly, half-yearly, quarterly or monthly.
You get this plan in the form of 7, 8 and 10 premium payment options. In this you are also provided tax exemption.
SBI Life Smart Platina Plus Features
The features of SBI Life Smart Platina Plus Plan are as follows-
- This plan offers you income protection along with providing life insurance cover during the policy term.
- In this, you get two options to choose the income plan. You can choose any plan from Guaranteed Income or Life Income as per your convenience.
- In this, 110% of the premium paid is returned to you as maturity benefit at the end of the policy term.
- In this, you get many options to choose income benefit. You can choose to receive your income benefit yearly, half-yearly, quarterly or monthly.
- In this you get the option of limited premium payment. You get the option of 7, 8 and 10 years for your premium payment.
- In this, you are also provided with tax benefits under the Income Tax Act, 1961.
SBI Life Smart Platina Plus Benefit
SBI Life Smart Platina Plus Benefit is as follows-
- Maturity Benefit:
If the life assured survives till the end of the policy term, 110% of the total premium paid by him is returned after the end of the policy term.
- Survival Benefit:
Guaranteed income is provided based on the payment frequency chosen by the life assured on survival till the end of the policy term.
- Death Benefit:
In case of accidental death of the life assured during the policy term, the death benefit is provided to the nominee by the life assured. In this, 11 times of the premium paid annually is given as Basic Sum Assured. While 105% of the premiums paid is provided till the date of death. Apart from this, annual guaranteed income is also provided.
- SBI Life Smart Platina Plus Tax Benefit:
Tax benefits are also provided to you in SBI Life Smart Platina Plus. You qualify for tax exemption under section 80C of the Income Tax Act 1961 on the premiums paid, while the maturity benefits received under section 10(10D).
- Read Also SBI Life Smart Platina Assure
SBI Life Smart Platina Plus Eligibility
Eligibility for SBI Life Smart Platina Plus Plan is as follows-
| Age at Entry | Minimum Age- 30 Days Maximum Age- 60 Years |
| Maturity Age | Maximum Age- 99 Years |
| Premium Payment Term | 7, 8, 10 Years |
| Annualized Premium (In Multiple of 1000) | Minimum- 50,000 Maximum- No Limit |
| Basic Sum Assured (11 x Annualized Premium) | Minimum- 5,50,000 Maximum- No Limit |
| Premium Modes | Yearly/Half-Yearly/Monthly |
Documents Required For SBI Life Smart Platina Plus
The documents required for SBI Life Smart Platina are as follows-
- filled application form
- identity proof
- Accommodation quantity
- Income ratio
- age proof
SBI Life Smart Platina Plus Premium
With SBI Life Smart Platina Plus, you are offered multiple premium payment options. The customer can choose any premium payment option as per his requirement and financial capability. In this, you get premium payment terms of 7, 8 and 10 years and you get the option to pay yearly, half-yearly and monthly as premium payment mode.
- Premium Payment Term- 7, 8, 10 Years
- Premium Modes- Yearly/Half-Yearly/Monthly
How To Buy SBI Life Smart Platina Plus?
SBI Life Smart Platina Plus is available for purchase through both online and offline channels. If you want to buy it through online medium then you have to go to the official website of SBI Life and buy it in easy steps.
If you are not comfortable to buy through online medium then you can easily buy it through offline medium also by visiting your nearest SBI bank branch or through insurance agents.