Life is made of small yet meaningful moments—moments of happiness, dreams, and achievements. SBI Life – Smart Platina Plus helps you secure these moments with a guaranteed long-term income, flexibility in payouts, life cover protection, and assured financial returns.
This plan is designed for individuals seeking regular income, life-long security, and assured savings—so you can live life with freedom and confidence.
Why Choose SBI Life – Smart Platina Plus?
Guaranteed Long-Term Income
Receive a regular guaranteed income during your chosen payout period.
Flexible Plan Options
You get to choose:
- Income Plan Option
- Premium Payment Term
- Payout Period
- Income Payout Frequency
(Yearly, Half-Yearly, Quarterly, Monthly)
Enhanced Financial Protection
Boost your coverage with an optional rider:
SBI Life – Accident Benefit Rider (UIN: 111B41V01)
- Option A: Accidental Death Benefit (ADB)
- Option B: Accidental Partial Permanent Disability Benefit (APPD)
Easy, Simple & Reliable
A smooth application process, guaranteed payouts, and trusted protection from one of India’s leading life insurers.
Plan Highlights
- Savings Plan
- Guaranteed Returns
- Long-Term Protection & Income
Smart Platina Plus – Key Features
1. Two Income Plan Options
Choose the plan that suits your financial needs:
- Guaranteed Income
- Life Income
2. Guaranteed Income Benefit
Enjoy fixed, regular income throughout the chosen payout period.
3. Guaranteed Maturity Benefit
Receive 110% of Total Premiums Paid at the end of the policy term.
4. Flexible Payout Frequency
Select how you want to receive your guaranteed income:
- Yearly
- Half-Yearly
- Quarterly
- Monthly
5. Limited Premium Payment Options
Pay premiums for only 6, 7, 8, or 10 years.
6. Enhanced Protection with Riders
Add coverage for accidental death and partial permanent disability.
7. Tax Benefits
Eligible for tax benefits under the Income Tax Act, 1961.
Smart Platina Plus – Advantages
Security
Life insurance cover ensures your family’s financial stability during the policy term.
Flexibility
Customize your payout period and income frequency as per your life goals.
You can also change the payout frequency before payouts begin.
Simplicity
Smooth and hassle-free application and issuance.
Reliability
Assured, guaranteed, long-term income for financial peace of mind.
Smart Platina Plus – Benefits Overview
1. Maturity Benefit
(For In-force Policies)
At survival till policy term end, the policyholder receives:
110% of Total Premiums Paid
2. Survival Benefit
Guaranteed income is paid during your selected payout period (based on chosen frequency), as long as the life assured is alive.
3. Death Benefit
Sum Assured on Death is payable depending on the selected Income Plan:
Option 1: Life Income
- Sum Assured on Death paid as a lump sum
- Policy terminates thereafter
Option 2: Guaranteed Income
Before Payout Period Starts:
- Sum Assured on Death paid as lump sum; policy terminates
After Payout Period Starts:
- Sum Assured on Death paid as lump sum
- PLUS the nominee continues receiving guaranteed income
- Option to receive discounted future income as lumpsum (discount rate 8.25% p.a.)
Sum Assured on Death (whichever is highest):
- 11 × Annualised Premium^
- 105% of Total Premiums Paid#
- (Annual Guaranteed Income × Death Benefit Factor) + (Maturity Benefit × Death Benefit Factor)
^Annualised premium excludes taxes, rider premiums, extras
#Total Premiums Paid excludes taxes and extras
Who can buy?
Disclaimer: Insurance is the subject matter of solicitation. The information provided here is for general awareness and should not be considered financial advice. All benefits, tax provisions, riders, features, and terms are as per policy documents issued by SBI Life Insurance Co. Ltd. and are subject to change as per IRDAI and Income Tax laws. Please read all policy documents, brochures, and terms & conditions carefully before purchasing. Consult your financial advisor for personalized guidance.