You are an achiever—admired for the decisions that have shaped your life. Every milestone reflects the strength of your choices. Now, it’s time to make another powerful decision for your financial future.
SBI Life – Smart Privilege Plus, an Individual, Unit Linked, Non-Participating Life Insurance Savings Product, is specially designed for individuals who aim for high-value protection, wealth creation, and the freedom to manage investments on their own terms.
Note: Unit Linked Insurance Products do not offer any liquidity during the first five years. No complete or partial withdrawals/surrender are allowed during this period.
Why Choose SBI Life – Smart Privilege Plus?
A perfect blend of life cover + market-linked wealth creation, this plan empowers you with unmatched flexibility, transparency, and long-term financial strength.
Key Benefits
- Wealth Creation through market-linked returns with 12 diverse fund options
- Loyalty Additions from the end of the 6th policy year, boosting fund value (for in-force policies only)
- Unlimited Free Switching based on your market outlook
- Life cover that protects your family while your investment grows
- Ideal for UHNI customers seeking premium wealth solutions
Plan Highlights
- ULIP (Unit Linked Insurance Plan)
- Designed for Wealth Creation
- Exclusive SBI Life – Smart Privilege Plus benefits
- Tailored for UHNI investors
- Offers Life Insurance + Investment Growth
Features That Empower Your Financial Journey
1. Life Insurance + Market-Linked Returns
Enjoy protection and wealth creation simultaneously, with funds aligned to your risk appetite.
2. Loyalty Additions
Starting from the end of the 6th policy year, loyalty additions are credited to enhance your fund value.
3. Flexible Premium Payment Options
Choose how you want to pay:
- Entire policy term
- Limited premium payment
- Single premium option
4. 12 Fund Options
Choose or switch between equity, debt, hybrid, and specialized funds—based on market movements or your investment strategy.
5. Unlimited Free Fund Switching
Adjust your portfolio anytime—absolutely free. Manage risks smarter without additional costs.
6. Partial Withdrawals
From the 6th policy year or when the Life Assured turns 18 years, whichever is later.
Useful for unexpected financial needs.
7. Optional Riders
Strengthen your protection with add-on riders (additional premiums applicable).
Advantages That Matter
Security
Protect your family’s future while building long-term wealth.
Reliability
Benefit from regular loyalty additions that enhance your corpus over time.
Flexibility
- Switch funds as per market trends
- Redirect future premiums
- Choose premium payment mode
- Customize coverage with riders
Liquidity
Access funds via partial withdrawals after eligibility (from 6th year or age 18).
Tax Benefits
Premiums and maturity benefits may be eligible for tax exemptions as per prevailing tax laws.*
Benefits Explained
Maturity Benefit
On survival till policy maturity (with policy in-force), you receive:
Fund Value as on the maturity date, paid as a lump sum.
Death Benefit
In the unfortunate event of the life assured’s death (with all premiums paid), the nominee receives the highest of:
- Fund Value on date of death claim intimation
- Sum Assured – Applicable Partial Withdrawals (APW)
- 105% of Total Premiums Paid (including top-ups)
APW: Partial withdrawals made in the last 2 years immediately preceding death.
Understanding Market-Linked Returns
Illustrations at @4% and @8% p.a. are only examples and not guaranteed.
ULIPs are subject to:
- Capital market risks
- NAV fluctuations
- Applicable charges
Fund names do not indicate performance, quality, or future returns.
How can buy?
Disclaimer: Unit Linked Insurance Products are different from traditional life insurance products. These plans are subject to market risks, and the investment risk in the investment portfolio is borne entirely by the policyholder. The NAV of units may increase or decrease based on market conditions. Past performance of funds does not guarantee future results. Fund names do not indicate their prospects.
No liquidity is available during the first five policy years. Policyholders cannot surrender or withdraw funds (wholly or partially) during this lock-in period. All benefits under the policy are subject to prevailing tax laws, which may change from time to time. Please consult your tax advisor for updated tax information.
SBI Life Insurance Co. Ltd. is the name of the insurer, and SBI Life – Smart Privilege Plus is the name of the product; this does not represent the quality or future performance of the plan. Read all terms, conditions, exclusions, and risk factors in the sales brochure or policy document carefully before purchase.