SBI Investment Plans: Compare & Buy Online | PolicyX
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SBI Investment Plans

SBI Investment Plans offered by SBI Life provide individuals with the dual benefits of investment and insurance. They ...Read More

Minimum Age - 5 year
Claim settlement ratio
Rs 50,000 to No limit
Annual Premium
8
Active plans
80 years
Solvency ratio
🛡️ IRDAI Approved
4.6/5 · 917 reviews
Minimum Age - 5 year claim settlement ratio
📊 80 years solvency ratio
🌐 Annual, half-yearly, pan-India

What you get with SBI Investment Plans

The headline features and policy mechanics, at a glance.

Annual Premium Rs 50,000 to No limit

Affordable premium options starting from entry-level to comprehensive whole-life protection.

Minimum Age - 5 year claim settlement ratio

Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.

80 years solvency ratio

Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.

8 active life plans

Choose from level cover, increasing cover, and return-of-premium variants.

Annual, half-yearly, pan-India presence

Branch offices and claim service centres across India for easy policy servicing.

SBI Investment Plans: Overview

SBI Investment Plans are a renowned and trusted choice for customers seeking to secure their future. Since 2001, SBI Life has addressed diverse insurance and investment needs through a wide variety of products. SBI Investment Plans offer both protection and opportunities for wealth creation. A portion of the premium paid provides insurance coverage, while the remainder is invested in financial instruments based on your risk appetite.

Plans like SBI Investment Plans for 5 years and SBI Investment Plans for 7 years help you build a financial corpus for future goals, such as a child's marriage, education, or retirement savings. SBI Investment Plans offered by SBI Life provide the dual benefits of investment and insurance, allowing you to save money for the future and grow your wealth through market investments.

Furthermore, SBI Life's savings and investment plans offer a greater number of options, including choices for investment funds, sum assured, and premium payment terms.

SBI Investment Plans cater to your investment needs by offering:

  • Good Returns
  • Rider Benefits
  • Additional Benefits
  • Tax Benefits

Features of SBI Life Insurance

Good Solvency Ratio: SBI Life Insurance has a Solvency Ratio of 2.3, as per the IRDAI annual report 2022-23.

High Claim Settlement Ratio: As per the IRDAI annual report of 2022-23, SBI Life Insurance's claim settlement ratio is 93.09%.

Annual Premiums: The annual premium of SBI Life Insurance is Rs. 50,254 Cr, as per the IRDAI annual report 2022-23.

Pan-India Presence: SBI Life has a pan-India presence with over 970 branch offices across India.

Benefits of SBI Life Investment Plans

Here are the key advantages provided by the insurer:

Good Returns

SBI Life Investment Plans often offer competitive returns compared to other investment options. You can choose plans designed to provide significant coverage at affordable premiums.

Rider Benefits

Rider benefits are available with SBI Life Investment Plans. You can add riders like critical illness, accidental death, and total and permanent disability riders for enhanced coverage.

Flexible Plans

SBI Investment Plans offer various coverage options, allowing you to select a plan that best meets your individual needs.

Additional Benefits

You may receive discounts for a higher sum assured and for on-time premium payments. Plans may offer a premium waiver in case of total and permanent disability due to an accident. These plans also provide valuable survival, death, and maturity benefits.

Tax Benefits

Investment plans allow policyholders to claim tax benefits. Premiums paid are eligible for tax exemption under Section 80C of the Income Tax Act, 1961. The amount received upon policy maturity is also tax-free under Section 10(10D) of the Income Tax Act, 1961.

Riders You Can Avail With SBI Investment Plans

Name of the Rider Benefits
SBI Life Accidental Death Benefit Rider In case of your demise due to an accident, your family can receive additional income benefits over and above your sum assured.
SBI Life Accidental Total & Permanent Disability (ATPD) Benefit Rider This rider provides protection against disabilities. In the unfortunate event of ATPD, the rider sum assured is paid, and the policy and other benefits continue.

Types of SBI Investment Plans Plans

Every plan currently being sold by SBI Investment Plans, shown side-by-side so you can shortlist quickly.

SBI Investment Plans
SBI Smart Platina Assure

SBI Smart Platina Assure

Don't save money to save. Save money to invest and fulfill your long-term goals.SBI Life Smart Platina Assure gives your family the assurance to fulfi...

Unique Features
  • Explore SBI Life Smart Platina Assure
  • Key Features of the Plan
  • How the Plan Works
Sum assured 7, 10 years
Entry age Minimum Age - 18 years Maximum Age - 60 years
View plan
SBI Investment Plans
SBI Smart Money Back Gold

SBI Smart Money Back Gold

Your family depends on you. Provide them with the life you've dreamt of. With SBI Life Smart Money Back Gold, invest your money and get higher returns...

Unique Features
  • All About SBI Life Smart Money Back Gold
  • Key Features & Benefits of the Plan
  • Sample Illustration of the Plan
Sum assured 15 to 25 years
Entry age Minimum Age - 14 years Maximum Age - 55 years
View plan
SBI Investment Plans
SBI Shubh Nivesh Plan

SBI Shubh Nivesh Plan

A penny saved is a penny earned. Save your money with SBI Life Shubh Nivesh Plan and meet your long-term financial goals. SBI Life Shubh Nivesh is a n...

Unique Features
  • Explore SBI Life Shubh Nivesh
  • Understand the Key Features
  • Check the Eligibility Criteria
Sum assured 5 to 30 years
Entry age Minimum Age - 18 years Maximum Age - 60 years
View plan
Investment Plan
SBI Life Smart Hamsafar Plan

SBI Life Smart Hamsafar Plan

SBI Life Smart Humsafar Plan is an insurance-cum-savings plan that offers dual benefits of protection and savings. It is a joint life insurance plan t...

Unique Features
  • Joint life plan
  • Waiver of premiums
  • Participation in profits
Sum assured Same as the policy term
Entry age Minimum entry age: 30 years Maximum entry age: 60 years
View plan
SBI Investment Plans
SBI Life New Smart Samridhi

SBI Life New Smart Samridhi

SBI Life Smart Samriddhi Plan is a fusion of an insurance plan and a savings plan. This SBI plan offers life coverage throughout the policy tenure alo...

Unique Features
  • Limited Premium Payment
  • No Medical Test Required
  • Annual Guaranteed Additions
Sum assured Same as the policy term
Entry age Minimum Entry Age: 30 days, Maximum Entry Age: 50 Years
View plan

Life Plans Comparison

Side-by-side across the 3 most-bought SBI Investment Plans plans on PolicyX.

SBI Investment Plans life plan comparison
Feature SBI Smart Bachat SBI Smart Platina Assure SBI Smart Money Back Gold
Plan type SBI Investment Plans SBI Investment Plans SBI Investment Plans
Sum assured 7/10/15 years 7, 10 years 15 to 25 years
Entry age Minimum Age: 3 years, Maximum Age: 50 years Minimum Age - 18 years Maximum Age - 60 years Minimum Age - 14 years Maximum Age - 55 years
Top benefits Maturity Benefits · Death Benefits Explore SBI Life Smart Platina Assure · Key Features of the Plan All About SBI Life Smart Money Back Gold · Key Features & Benefits of the Plan

Documents required

For policy purchase and claim submission. Have these ready before you start.

Photo ID Proof Passport, Aadhaar card, PAN card, Driving license.

Age Proof Passport, Aadhaar card, PAN card, Driving license.

Address Proof Utility bill, passport, voter ID, ration card.

Medical Records Medical records of the policyholder (if requested by the insurer).

Income Proof Bank statement, last three months' salary slips (for salaried individuals).

How to Buy a SBI Investment Plans Plan?

Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.

  1. Visit the PolicyX.com website or the SBI Investment Plans official website to compare and choose a suitable life plan.
  2. Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
  3. Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
  4. Fill in the proposal form with your contact details, nominee information, and medical history accurately.
  5. Upload the required documents: identity proof, address proof, income proof, and recent photographs.
  6. Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
  7. Complete the medical examination if required (depends on your age and sum assured).
  8. Receive your policy document via email and registered post after underwriting approval.
  1. Log in to the SBI Investment Plans customer portal or the PolicyX.com dashboard before your policy renewal date.
  2. Review your existing policy details — coverage, premium amount, and nominee information.
  3. Choose to continue with the same plan or upgrade your sum assured if eligible.
  4. Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
  5. Download the renewed policy document from your registered email or the insurer portal.
  1. Visit the official website of SBI Life Insurance Company.
  2. Click on 'Products' on the navigation bar and select the plan you want to buy.
  3. Click on the 'buy now' button and fill in the required details.
  4. Click 'Next' and select a plan as per your requirements.
  5. Select the cover option you want and make your payment. A payment confirmation will be sent to your registered email address.

What's covered — and what's not

The standard inclusions and exclusions across SBI Investment Plans plans. Specific plans may add benefits — always check the policy wording before purchase.

✗ Exclusions

  • If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive only the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.

Conclusion

In conclusion, SBI Life Insurance offers a range of flexible, customer-centric investment plans tailored to meet various financial needs and life goals. With its strong digital presence, robust claim settlement record, and diverse product portfolio, SBI Life stands out as a trusted partner for securing one's financial future. For more information on SBI Life Investment Plans, you can contact Policyx.com 24/7. Our trusted insurance experts are available to assist you and suggest the best possible solutions.

Why Choose PolicyX.com?

Don't just take our word for it — check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti Varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

Frequently asked questions

The 6 most-asked questions about SBI Investment Plans, answered.

Yes, you may need to serve a lock-in period for the liquidity of the amount. The lock-in period may vary with the plan and it is specified in the policy document.
The documents required to claim in the case of death of the assured life are: A duly filled claim form. Original copy of the policy received at the time of the issuance of the policy. KYC of identity proof of the beneficiary mentioned in the policy document. Original death certificate of the assured.
You can request the liquidity of maturity amount (both online and offline). Either, you can visit the official site of SBI Life Insurance and request for the claim after login into your account or you can also call the customer care representative and get proper guidelines about the procedure.
The company offers several ways through which one can check their SBI Investment policy status. Online through the Customer Portal: Log in to your "MyPolicy" account through Customer Self Service. Enter customer ID, date of Birth and policy number. The details of the policy along with the status will be displayed on the screen. Via SMS: Get your policy details by sending the following SMS to 56161 OR 9250001848
Yes, you have the option to modify your nomination. You can submit the change in nomination form at any SBI Life branch or the Central Processing Centre (address given below). SBI Life Insurance Co. Ltd. Central Processing Center 8th Level, F2 Wing, Seawoods Grand Central,Tower 2, Sector-40, Seawoods, Nerul Node,Navi Mumbai-400 706
Yes, as per the IRDAI, you can cancel your policy within a free-look period, which means that you have the ability to evaluate the terms and conditions of the policy and if you are not happy with it, you can easily cancel your policy within the period of 15 days of receipt of policy. However, once your free-look period is over, you need to personally visit the bank office and submit a written application stating your concern in order to cancel an SBI Life investment plan.

Customer satisfaction

Aggregate ratings from 917 verified PolicyX customers who bought a SBI Investment Plans plan.

4.6
out of 5
917 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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