You’ve worked hard to be where you are today. Now make a smart move that helps your money grow safely while securing your family’s future.
SBI Life – Smart Platina Assure is an Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan designed for individuals who want guaranteed returns, minimal risk, and life cover in one smart plan.
This guaranteed savings plan ensures your money works harder, grows steadily, and remains protected—while you enjoy complete peace of mind.
Why Choose Smart Platina Assure?
A perfect blend of Security + Savings + Stability + Guaranteed Growth.
Security
Life insurance protection to safeguard your family from unforeseen events.
Flexibility
Choose premium payment mode—Monthly or Yearly—as per your convenience.
Simplicity
Quick, simple, and hassle-free online purchase process.
Reliability
Guaranteed Additions every year that boost your returns.
Key Highlights
- Life Insurance Coverage
- Guaranteed Additions Every Year
- Assured Savings Plan
- Monthly / Yearly Premium Options
- Optional Rider for Enhanced Protection
Plan Features
1. Life Cover + Assured Returns
Get guaranteed maturity benefits along with life protection throughout the policy term.
2. High Guaranteed Additions
Guaranteed Additions^ credited at the end of every policy year:
| Annualized Premium | Guaranteed Additions |
|---|---|
| Less than ₹1,00,000 | 4.90% p.a |
| ₹1,00,000 & above | 5.40% p.a |
These additions are applied on cumulative premiums paid (excluding taxes, rider premium, loadings, etc.).
3. Short Premium Payment Term
Pay premiums for:
- 7 years → Enjoy full benefits for 15 years
- 10 years → Enjoy full benefits for 20 years
Enjoy long-term benefits by paying for a shorter period.
4. Premium Payment Choice
Choose what fits your budget:
- Monthly
- Yearly
5. Enhanced Protection with Rider
Add optional rider(s) for extra financial security.
6. Tax Benefits
Get tax advantages under Income Tax Act, 1961, as applicable.
(Consult your tax advisor for details.)
Guaranteed Additions – How They Work
Guaranteed additions are calculated as:
Guaranteed Addition = GA% × (Total Annualized Premiums Paid Till Date)
(excluding taxes, riders, underwriting extras, etc.)
This amount is added to your policy every year until maturity (for in-force policies).
Benefits Offered
1. Maturity Benefit
At the end of the policy term (for in-force policies), you receive:
Guaranteed Sum Assured on Maturity + Accrued Guaranteed Additions
This ensures predictable and steady long-term growth.
2. Death Benefit
In case of the unfortunate death of the Life Assured, the beneficiary receives:
Sum Assured on Death + Accrued Guaranteed Additions
Where Sum Assured on Death =
Higher of:
- 10 × Annualized Premium
- 105% of Total Premiums Paid till date
(Excluding taxes, rider premium, and loadings.)
This ensures complete financial security for your family.
Advantages of Smart Platina Assure
Security
Financial protection that ensures peace of mind for your loved ones.
Flexibility
Pay monthly or yearly—whatever suits your financial planning.
Simplicity
Smooth and quick process from application to policy issuance.
Reliability
Guaranteed Additions every year help grow your savings with certainty.
Who Should Buy SBI Life – Smart Platina Assure?
This plan is ideal if you are looking for:
- Guaranteed and stable returns
- Low-risk savings plan
- Life insurance + maturity benefit
- Short premium payment terms
- Long-term wealth creation
- Tax benefits
Who can buy?
Frequently Asked Questions (FAQ)
Is this policy market-linked?
No. It is a Non-Linked, Non-Participating plan with guaranteed returns.
Do I get bonuses?
No bonuses. Instead, you get Guaranteed Additions, which are fixed and predictable.
Can I choose monthly premium payments?
Yes. You can choose Monthly or Yearly premium payment modes.
Is life cover included?
Yes, this plan includes Life Insurance Coverage.
Can I enhance protection?
Yes. Riders are available at an additional premium.
Disclaimer: This page provides general information about SBI Life – Smart Platina Assure, an Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan. Benefits, features, terms, conditions, and tax advantages are subject to policy documents and prevailing laws under the Income Tax Act, 1961. Tax benefits may change. Please read the sales brochure carefully before purchasing and consult your tax advisor for personalized guidance.