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Everything You Need To Know About SBI Life Smart Platina Assure

Published On Aug 15, 2021 11:00 AM By InsuranceDekho

SBI Life Smart Platina Assure plan is a non-linked and non-participating life insurance plan. This plan provides life cover along with assured returns at the end of each policy year. SBI Life Smart Platina Assure offers flexibility of paying premium for a limited period of time. This plan provides maturity benefits with guaranteed additions. SBI Life Smart Platina Assure plan provides financial security to the family of the life assured in case an unanticipated event occurs such as unforeseen demise of the life assured during the policy term.

Features of SBI Life Smart Platina Assure Plan

Below mentioned are the features of SBI Life Smart Platina Assure plan:

  • Life cover along with assured returns
  • Provides maturity benefits along guaranteed returns at the end of the policy term
  • Guaranteed additions of 5.25% or 5.75% provided at the end of each policy year
  • Flexibility of paying premium for upto 6/7 years an avail policy benefits upto 12/15 years
  • Get tax benefits
  • Flexibility to choose monthly or yearly premium payment

Benefits of SBI Life Smart Platina Assure Plan

Below mentioned are some benefits that you avail from SBI Life Smart Platina Assure plan:

  • Financial Security: SBI Life Smart Platina Assure plan provides life cover and financial security to the family of the life assured in case an unpredicted event takes place such as sudden demise of the life assured during the policy tenure. This plan provides a death benefit in such cases, the death benefit can act as a financial shield for the family of the life assured during difficult times. With the help of death benefits received from this plan, the family of the life assured can fulfil their immediate financial needs, future financial needs and pursue their dreams even in the absence of the life assured.
  • Maturity Benefit: Under SBI Life Smart Platina Assure plan maturity benefit is provided to the life assured in case he/she survives the entire policy term. The maturity benefit is provided along the guaranteed returns at the end of the policy term. The maturity benefit can help the life assured achieve his/her financial goals at the time.
  • Guaranteed Additions: This plan provides guaranteed additions, which are declared at the end of each policy term at an interest rate of 5.25% or 5.75%. These guaranteed additions shall be provided along the maturity benefit or death benefit payout. This plan allows wealth appreciation. With the help guaranteed additional benefit under this plan the life assured can grow a corpus for a financially secured future for them and their family.

Eligibility Criteria of SBI Life Smart Platina Assure Plan

Following is the eligibility criteria of SBI Life Smart Platina Assure plan:

Parameters

Eligibility

Minimum Entry Age

3 Years

Maximum Entry Age

60 Years

Maximum Maturity Age

75 Years

Policy Term

12/15 Years

Premium Payment Term

6 Years (12 Years Policy Term)

7 Years (15 Years Policy Term)

Minimum Sum Assured

INR 2,40,000

Maximum Sum Assured

No Limit

Premium Payment Mode

Monthly/Yearly

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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