SBI Life – Smart Platina Plus

Service Details

SBI Life – Smart Platina Plus

Enjoy Guaranteed Regular Income with Long-Term Financial Security

SBI Life – Smart Platina Plus is an Individual, Non-Linked, Non-Participating Life Insurance Savings Plan designed to provide regular guaranteed income along with life insurance protection. It helps you build a dependable income stream for future financial needs while keeping your loved ones financially protected.

Key Highlights

Guaranteed regular income during the payout period
Choice of Guaranteed Income or Life Income options
110% of Total Premiums Paid payable at maturity
Life insurance cover throughout the policy term
Flexible premium payment terms
Multiple payout frequency options
Optional Accident Benefit Rider
Tax benefits as per prevailing Income Tax laws.

Why Choose SBI Life – Smart Platina Plus?

Guaranteed Income

Receive a regular stream of guaranteed income during the payout period to help meet retirement expenses, household needs, or other financial goals.

Two Flexible Income Options

Guaranteed Income

Receive guaranteed income for the selected payout period.
If the Life Assured passes away during the payout period, the remaining guaranteed income continues to the nominee as per the policy terms.

Life Income

Receive income during your lifetime, providing financial support in your retirement years.

Maturity Benefit

At the end of the policy term, you receive 110% of the Total Premiums Paid, helping you achieve future financial goals with confidence.

Plan Features

Individual Non-Linked, Non-Participating Savings Plan
Guaranteed Regular Income
Two income plan options
Maturity Benefit of 110% of Total Premiums Paid
Life Insurance Protection
Flexible Premium Payment Terms (6, 7, 8 or 10 years)
Flexible payout frequency
Optional rider for enhanced protection
Tax-saving benefits under applicable laws.

Payout Frequency

Choose the income frequency that best suits your financial needs:

Monthly
Quarterly
Half-Yearly
Yearly

Eligibility (Plan at a Glance)

Criteria	Details
Entry Age	From 30 days (subject to plan conditions)
Premium Payment Term	6, 7, 8 or 10 Years
Minimum Annual Premium	₹50,000
Minimum Basic Sum Assured	₹5,50,000
Premium Modes	Yearly, Half-Yearly, Monthly

Optional Rider

Enhance your protection with:

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

(Available subject to eligibility and policy terms.)

Who Should Buy This Plan?

This plan is suitable for:

Individuals planning for retirement
Professionals seeking guaranteed future income
Business owners
People looking for guaranteed savings with insurance protection
Families seeking long-term financial security

Benefits at a Glance

Feature	Benefit
Plan Type	Non-Linked, Non-Participating Savings Plan
Guaranteed Income	✔ Available
Life Insurance Cover	✔ Yes
Income Options	Guaranteed Income / Life Income
Maturity Benefit	110% of Total Premiums Paid
Payout Frequency	Monthly / Quarterly / Half-Yearly / Yearly
Optional Rider	Accident Benefit Rider
Tax Benefits	As per prevailing Income Tax laws