SBI Life New Smart Samridhi
- Limited Premium Payment
- No medical test required
- Annual guaranteed additions
SBI Life Smart Samridhhi Plan is a fusion of an insurance plan as well as a savings plan. This SBI plan offers you life coverage throughout the policy tenure along with maturity benefits which range from 143% to 229% of annual premiums in exchange for limited-term premium pay. Along with dual benefits it also offers you guaranteed additions annually based on your premium payments. These benefits ultimately increase your maturity payment or life cover.
For premiums less than Rs 30,000, the guaranteed benefits rate is 5.5% while for premiums greater than Rs 30,000, the rate is 6%. You can purchase this plan without a medical test. This plan is an ideal choice if you are looking for a life cover along with a guaranteed lump sum to meet your financial obligations.
SBI Life New Smart Samriddhi is a versatile savings plan life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
SBI Life New Smart Samriddhi Plan offers you a range of benefits including:
Minimum entry age: 30 days Maximum entry age: 50 Years
Maximum maturity age: 65 years
12,15 and 20 years
Same as the policy term
Monthly,Yearly
Minimum sum assured: 65,000 Maximum sum assured: 10,18,000
Let's understand how the SBI Life New Smart Samriddhi Plan works with a simple premium illustration.
Mr Raghubir aged 34 years wanted a versatile insurance plan.
His financial advisor advised him to buy the SBI Life New Smart Samriddhi Plan. He visited PolicyX.com
Let's understand how the SBI Life New Smart Samriddhi works for him with a premium illustration table.
| Annual premiums | Total premiums paid | Policy tenure | Premium payment tenure | Sum assured | Maturity benefits |
| Rs 50,000 | Rs 3,50,000 | 15 years | 7 Years | Rs 3,88,000 | Rs 6,40,000 |
Here are some features of SBI Life New Smart Samridhi:
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Here is the list of documents required to buy the SBI Life New Smart Samriddhi
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the SBI Life New Smart Samridhi official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of SBI Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'SBI Life New Smart Samriddhi'.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the SBI Life New Smart Samriddhi Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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