Build wealth, protect your family, and enjoy full control over your investments — all in one place.
Whether you’re looking to grow your money through market-linked returns, ensure lifelong security for your loved ones, or access flexible savings options, we bring you a comprehensive range of life insurance solutions that match your goals.
A High-Value Unit-Linked Life Insurance Saving Plan**
An Individual, Unit-Linked, Non-Participating, Life Insurance Saving Product
Note: Unit Linked Insurance products do not offer any liquidity during the first 5 policy years. You cannot surrender or withdraw investments fully or partially until the end of the 5th year.
Why Choose Smart Elite Plus?
Are you seeking a flexible way to create long-term wealth while staying protected?
Do you prefer having full control over your investment portfolio?
You’ve found the perfect solution.
SBI Life – Smart Elite Plus provides life cover and enhances your wealth creation through market-linked returns, while offering unmatched flexibility to manage your funds.
Key Benefits at a Glance
Security
Protect your family financially with comprehensive life insurance coverage.
Flexibility
- Choose Limited Pay or Single Pay premium options
- Switch between funds anytime
- Redirect future premiums based on changing market conditions
Liquidity
Make partial withdrawals from the 6th policy year to meet emergencies or financial needs.
Inbuilt Protection
Accidental Death Benefit (ADB)
Accidental Total & Permanent Disability (ATPD)
Plan Highlights
- Individual ULIP
- Life Cover + Savings
- Wealth Creation with Market-Linked Returns
- Ideal for long-term financial planning
- Access to multiple funds
Core Features
1. Two Protection Options
- Gold Option
- Platinum Option
Choose coverage based on your risk appetite and financial goals.
2. Built-in Accidental Benefit Cover
Additional protection for accidental death or disability.
3. Flexible Premium Payment
- Limited Pay
- Single Pay
4. Fund Switch & Redirection
Easily rebalance your portfolio as markets fluctuate.
5. Partial Withdrawals
Accessible after 5 policy years (from year 6).
Advantages for Policyholders
Security
- Ensures your family stays financially stable during any unforeseen event.
Flexibility
- Select a premium payment term based on your comfort.
- Update fund allocations as the market changes.
Liquidity
- Withdraw funds partially after 5 policy years.
- Stay protected while accessing your money.
Tax Benefits
Under prevailing tax laws (subject to change). Consult a tax advisor.
Benefits You Receive
Maturity Benefit
(For in-force policies only)
At the end of the policy term, you receive the Fund Value as on the maturity date.
Death Benefit
(For in-force policies only)
Gold Option:
Higher of:
- Fund Value on the date of claim intimation
- Sum Assured – Applicable partial withdrawals*
- 105% of Total Premiums Paid up to the date of death
*Partial withdrawals in the last 2 years before death apply.
Platinum Option:
Higher of:
- (Fund Value + Sum Assured)
OR - 105% of total premiums paid up to the date of death
Inbuilt Benefits
Accidental Death Benefit (ADB)
Accidental Total & Permanent Disability (ATPD)
Additional payout in case of accidental death or disability.
Settlement Option
Nominee can receive the Death Benefit in instalments (Yearly / Half-yearly / Quarterly / Monthly) over 2 to 5 years.
During the settlement period, investment risk remains with the beneficiary.
Fund Management & Charges
Charges apply such as:
- Premium Allocation Charge
- Policy Administration Charge
- Fund Management Charge
- Mortality Charge
- Other applicable charges
All charges except allocation & mortality may be revised as per regulations.
Important Investment Notes
- Returns at 4% and 8% are only illustrative.
- ULIPs are market-linked; NAV may rise or fall.
- Past performance does not guarantee future returns.
- The policyholder bears investment risk.
Tax Benefits
As per existing tax laws; subject to changes.
Consult a tax professional for personalized guidance.
Disclaimer
- Unit Linked Insurance Products (ULIPs) are different from traditional insurance products and are subject to market risks.
- The premium paid is subject to market risks associated with capital markets, and the NAV of units may fluctuate based on fund performance and market factors.
- SBI Life – Smart Elite Plus is the name of the product; it does not indicate the quality, future prospects, or returns of the contract.
- Fund names do not represent the quality or performance of the funds.
- Past performance is not indicative of future results.
- Liquidity is not available during the first 5 policy years.
- Benefits are subject to terms and conditions mentioned in the policy document.
- Tax benefits are as per prevailing tax laws and may change. Please consult your tax advisor.
- Read the sales brochure carefully before making any investment decision.