Life is full of responsibilities — protecting your family, planning for milestones, and ensuring long-term financial stability. As you move through various stages of life, your needs evolve…but so do the uncertainties.
That’s why we bring you comprehensive Life Insurance Plans designed to provide:
- Financial Protection
- Guaranteed Returns
- Long-Term Benefits
- Transparent Savings Growth
Whether your goal is wealth creation, family security, or guaranteed income, our plans help you stay prepared for life’s every moment.
Introducing SBI Life – Smart Platina Supreme
An Individual, Non-Linked, Non-Participating Life Insurance Savings Product
A guaranteed return plan that offers stable, assured benefits to support your dreams and safeguard your loved ones. With regular guaranteed income and flexible payout options, you gain complete peace of mind for the future.
Highlights
- Savings Plan designed for long-term financial goals
- Guaranteed Returns with assured income payouts
- Long-Term Protection with insurance coverage throughout the policy term
Key Features
1. Security First
Life insurance cover throughout the policy term ensures your family stays financially protected, even in your absence.
2. Full Flexibility
Customize your policy as per your life goals:
- Choose your Premium Payment Term
- Select Income Frequency (Yearly, Half-Yearly, Quarterly, Monthly)
- Choose Policy Term & Pay-out Period
- Modify income payout frequency before policy term ends
3. Guaranteed Maturity Benefit
At the end of the policy term, you receive:
- Level or Increasing Guaranteed Income^ during the payout period, AND
- 110% of Total Premiums Paid# at the end of the payout period
Optional: Receive the discounted lump sum value of future guaranteed benefits.
4. Enhanced Protection Options
Add SBI Life – Accident Benefit Rider* for:
- Accidental Death Benefit
- Accidental Partial Permanent Disability Benefit
5. Loan Facility
Need financial support? You can avail a loan against the policy.
6. Higher Premiums = Higher Guaranteed Income
Enjoy enhanced benefits when you choose higher premium slabs.
Guaranteed Income Benefit Options
Choose at the start of the policy:
A. Level Guaranteed Income
Fixed guaranteed income throughout the payout period.
B. Increasing Guaranteed Income
Your income increases at 5% simple interest every year, starting from the 2nd year.
Payout Period Options:
15, 20, 25, or 30 years
Income Frequency Options:
Monthly, Quarterly, Half-Yearly or Yearly
Frequency can be changed before the payout period begins.
Maturity Benefit
If the life assured survives till the end of the policy term (policy is in-force):
- Guaranteed Income begins as per chosen frequency
- 110% of Total Premiums Paid# is paid at payout period end
- Option to take discounted lump sum of future Guaranteed Income + 110% Premium Return
Guaranteed Income can start at the beginning or end of each payout cycle.
Death Benefit (For In-Force Policies)
If the life assured passes away during the policy term, the nominee receives the Sum Assured on Death as a lump sum.
Sum Assured on Death is the highest of:
- 11 × Annualized Premium^
- Future Guaranteed Income × Factor 1 + 110% of Total Premiums Payable × Factor 2
- 105% of Total Premiums Paid#
Once the death benefit is paid, the policy terminates.
Tax Benefits
Eligible for deductions/exemptions under current Indian Income Tax laws (as applicable).
Please consult a tax advisor before making decisions.
Why Choose Our Life Insurance Plans?
Security
Ensure long-term family protection with life cover and additional rider options.
Flexibility
Customize premium term, income frequency, and payout duration to match your goals.
Transparency
Guaranteed income ensures predictable and stable returns without market risk.
Perfect For People Who Want:
- Guaranteed income for long-term stability
- Life insurance + savings in a single product
- Retirement income planning
- Child education and future security
- Wealth creation with zero market risk
Who can buy?
Disclaimer: This landing page provides a summary of features, benefits, and terms for SBI Life Insurance plans, including the Smart Platina Supreme product. All benefits are subject to policy terms & conditions as per the official sales brochure. Tax benefits are subject to prevailing laws and may change. Please read the full policy document and consult financial or tax advisors before purchase. Riders are optional and available at additional premium. Insurance is the subject matter of solicitation.