Your financial journey doesn’t end at retirement—it evolves. Ensure that the lifestyle, comfort, and security you enjoy today continue even in your golden years. With comprehensive life insurance and pension plans like SBI Life – Retire Smart Plus, you can build a strong retirement corpus, protect your loved ones, and enjoy long-term financial independence.
An Individual, Unit Linked, Non-Participating Pension Savings Product
A market-linked retirement plan designed to help you accumulate wealth steadily while enjoying long-term flexibility, fund growth, and protection.
Important Note
Unit Linked Insurance Products (ULIPs) do not offer liquidity during the first 5 years. Surrender or withdrawals—full or partial—are not allowed until the lock-in period ends.
Key Highlights
- ULIP-Based Retirement Plan
- Secure Pension Planning
- Market-Linked Growth
- Life Insurance Protection
- Flexible Premium Options
Why Choose SBI Life – Retire Smart Plus?
1. Build Your Retirement Corpus
Create long-term wealth through market-linked returns with 7 diverse fund options.
2. Enjoy Maximum Flexibility
- Choice of single, limited, or regular premium payments
- Unlimited free fund switches
- Option to increase policy term/premium term
- Option to defer or extend vesting date
- Partial withdrawals (post lock-in) in emergencies
3. Boost Your Fund Value Automatically
- 🎁 Loyalty Additions: 0.3% every year from the end of the 15th policy year
- 🎁 Terminal Addition: 1.5% of fund value at maturity/vesting or death
4. Secure Your Family’s Future
Higher of:
- Fund Value + Terminal Addition
OR - 105% of total premiums paid
Maturity / Vesting Benefits
On survival till maturity and if the policy is active, you receive:
Fund Value at vesting/maturity + 1.5% Terminal Addition
How You Can Use Your Corpus
Choose from 3 flexible options:
Option 1:
Purchase an Immediate or Deferred Annuity (with choice to buy from other insurers up to the allowed limit).
Option 2:
Commute up to 60% of the corpus and use the rest to buy annuity.
Option 3:
Extend your accumulation period up to age 70 (subject to regulations).
Life Insurance Benefits
In case of the unfortunate death of the life assured:
Death Benefit = Higher of:
- Fund Value + Terminal Addition (1.5%)
OR - 105% of Total Premiums Paid
This ensures your family stays financially protected regardless of market volatility.
Additional Advantages
Security
Enjoy complete peace of mind with lifelong pension, annuity options, and wealth preservation.
Reliability
Automatic fund additions boost long-term returns.
Tax Benefits
You may avail deductions/exemptions as per the prevailing Income Tax laws.*
Smart Features
- Fund diversification across equity, debt, and hybrid funds
- Market-linked growth for better long-term wealth creation
- Emergency liquidity after 5-year lock-in via partial withdrawal
- Balanced financial planning for retirement, insurance, and investment needs
Covering All Life Insurance Categories
This landing page also serves as a complete resource for major life insurance categories:
Term Insurance Plans
Pure protection for your family’s financial future.
ULIP Plans
Market-linked investment + insurance combined.
Retirement & Pension Plans
Guaranteed annuities, market-linked pension products, and corpus-building solutions.
Endowment & Savings Plans
Stable, long-term savings with guaranteed maturity benefits.
Child Future Plans
Secure your child’s education and career goals.
Whole Life Plans
Lifetime protection with wealth creation.
All major life insurance goals can be achieved through these tailored plan categories, helping individuals plan their protection, savings, and retirement needs smartly.
Who can buy?
Disclaimer
Unit Linked Life Insurance Products (ULIPs) are subject to market risks. Fund values may fluctuate based on market performance. Past performance is not indicative of future returns. The policy offers no liquidity in the first five years of the contract; withdrawals/surrenders are restricted until the lock-in period ends. Tax benefits are subject to prevailing laws. Please read the sales brochure, terms & conditions, and risk factors carefully before purchasing. SBI Life – Retire Smart Plus is the name of the product; it does not guarantee returns.