SBI Life – Smart Money Back Plus

Enjoy Regular Cash Benefits While Securing Your Family's Future

SBI Life – Smart Money Back Plus is an Individual, Non-Linked, Participating Life Insurance Savings Plan that offers the perfect combination of life insurance protection and periodic money-back benefits. It is designed to help you meet important financial milestones while building long-term savings with the potential to earn bonuses.

Key Highlights

• Regular guaranteed survival benefits during the policy term
• Life insurance protection throughout the policy term
• Participating plan with the potential to earn bonuses
• Maturity benefit with bonus, if declared
• Flexible premium payment options
• Higher Sum Assured discounts
• Optional Accident Benefit Rider
• Tax benefits as per prevailing Income Tax laws

Why Choose SBI Life – Smart Money Back Plus?

Guaranteed Periodic Payouts

Receive money-back benefits at specified intervals during the policy term to help meet life's important expenses such as education, travel, celebrations, or other financial goals.

Life Insurance Protection

Your loved ones remain financially protected with life cover throughout the policy term.

Bonus Potential

Being a participating policy, you may receive Vested Reversionary Bonus (if declared) and Terminal Bonus (if applicable), helping enhance your overall returns.

Flexible Premium Payment

Choose a premium payment term that best suits your financial planning.

Plan Features

• Individual Non-Linked Participating Savings Plan
• Guaranteed Survival Benefits
• Life Cover throughout the policy term
• Maturity Benefit with applicable bonuses
• Premium discounts on higher Sum Assured
• Flexible premium payment options
• Optional SBI Life Accident Benefit Rider
• Tax-saving benefits under applicable laws

Survival Benefits

Receive 90% of the Sum Assured during the policy term through increasing payouts of:

• 15% of Sum Assured
• 20% of Sum Assured
• 25% of Sum Assured
• 30% of Sum Assured

These payouts are made at specified intervals based on the selected policy term.

Maturity Benefit

On successful completion of the policy term, you receive:

• 40% of the Sum Assured, plus
• Vested Reversionary Bonus (if declared), and
• Terminal Bonus (if applicable).

Death Benefit

In the unfortunate event of the Life Assured's demise during the policy term, the nominee receives the applicable death benefit as per the policy terms, ensuring continued financial security for the family.

Eligibility

Optional Rider

Enhance your protection with the:

• SBI Life Accident Benefit Rider
  • Accidental Death Benefit
  • Accidental Partial Permanent Disability Benefit

(Rider availability is subject to eligibility and policy terms.)

Who Should Buy This Plan?

This plan is ideal for:

• Salaried Professionals
• Business Owners
• Parents planning for children's education
• Individuals seeking periodic income
• Families looking for guaranteed payouts with life insurance
• Long-term savers who also want bonus potential

Benefits at a Glance

Documents Required

• Aadhaar Card
• PAN Card
• Address Proof
• Identity Proof
• Income Proof (if applicable)
• Passport-size Photograph
• Medical reports (if required)

Why Buy Through Us?

• Personalized financial planning
• Expert insurance guidance
• Hassle-free documentation
• Quick policy issuance
• Lifetime policy servicing
• Dedicated claim assistance