SBI Life Smart Lifetime Saver
  • Whole life cover
  • Guaranteed regular income
  • Rider benefits
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SBI Life Smart Lifetime Saver

SBI Life Smart Lifetime Saver is a non-participating Whole Life Insurance plan. It offers dual benefits of insurance & saving under the same policy. This plan will pay regular guaranteed and non-guaranteed income through cash bonuses.

SBI Life Smart Lifetime Saver 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 Smart Lifetime Saver Plan offers you a range of benefits including:

why-choose
  • Whole life cover
  • Tax Benefits
  • Flexibility
  • Guaranteed survival income
  • Rider benefits 
  • Hassle-free process

Eligibility Criteria for SBI Life Smart Lifetime Saver

Your Occupation

Entry age

Minimum age: 90 Days Maximum age: 55 Years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum maturity age: 100 years

Your Gender

Policy tenure

100 minus Age at Entry

Maternity Benefit Rider

Premium payment term

10/12/15 Years

Dr YSR Aarogyasri Trust

Premium payment frequency

Yearly, Half-yearly, Monthly

Maternity Benefit Rider

Sum assured

Minimum sum assured: 30,000 Maximum sum assured: No Limit

How Does the SBI Life Smart Lifetime Saver Plan Work?

Let's understand how the SBI Life Smart Lifetime Saver Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Ms. Varsha is a 45-year-old non-smoker looking for an investment plan to create long-term wealth for her child.

Solution

Her financial advisor advised her to buy the SBI Life Smart Lifetime Saver. She visited PolicyX.com

Let's understand how the SBI Life Smart Lifetime Saver Plan works for her with a premium illustration table.

Age of policyholder Premium Payment Term Policy tenure Sum Assured Premium Amount
45 years 15 years Lifetime Rs 13,50,000 Rs. 3 Lac annually

 

Features of SBI Life Smart Lifetime Saver

Here are some features of SBI Life Smart Lifetime Saver:

SBI Investment Plans

SBI Life Smart Lifetime Saver is a non-participating Whole Life Insurance plan. It offers dual benefits of insurance & saving under the same polic...

Unique Features

  • Whole life cover
  • Guaranteed regular income
  • Rider benefits

SBI Life Smart Lifetime Saver (Pros)

SBI Life Smart Lifetime Saver
  • Cash Bonus
  • Rider Benefit
  • Tax Benefits

SBI Life Smart Lifetime Saver (Cons)

SBI Life Smart Lifetime Saver
  • No pre-existing condition
  • Suicidal exclusion
  • Aviation accident

SBI Life Smart Lifetime Saver (Other Benefits)

SBI Life Smart Lifetime Saver
  • Hassle-free
  • Maturity benefit
  • Death benefit

SBI Life Smart Lifetime Saver (Eligibility Criteria)

SBI Life Smart Lifetime Saver
  • Minimum entry age- 90 Days
  • Maximum entry age- 55 years
  • Minimum sum assured - 30
  • 000
  • Maximum sum assured - No limit
  • Maximum policy term- 100 minus age at entry

SBI Life Smart Platina Plus is a comprehensive, non-linked, non-participating individual life insurance savings product offered by SBI Life Insurance....

Unique Features

  • Guaranteed addition on maturity
  • Flexible income payout option
  • Limited premium payment option

SBI Life Smart Platina Plus (Pros)

SBI Life Smart Platina Plus
  • Guaranteed Income Benefit
  • Loan Benefit
  • Tax Benefits

SBI Life Smart Platina Plus (Cons)

SBI Life Smart Platina Plus
  • No pre-existing condition
  • Suicidal exclusion
  • Aviation accident

SBI Life Smart Platina Plus (Other Benefits)

SBI Life Smart Platina Plus
  • 2 Plan options
  • Survival benefit
  • Death benefit

SBI Life Smart Platina Plus (Eligibility Criteria)

SBI Life Smart Platina Plus
  • Minimum entry age- 30 Years
  • Maximum entry age- 60 years
  • Minimum sum assured - 5
  • 50
  • 000
  • Maximum sum assured - No limit
  • Maximum policy term- 36 years

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...

Unique Features

  • Limited Premium Payment
  • No medical test required
  • Annual guaranteed additions

SBI Life New Smart Samridhi (Pros)

SBI Life New Smart Samridhi
  • No medical needed
  • Joint cover
  • Grace period

SBI Life New Smart Samridhi (Cons)

SBI Life New Smart Samridhi
  • No pre-existing condition
  • Suicidal exclusion
  • Aviation accident

SBI Life New Smart Samridhi (Other Benefits)

SBI Life New Smart Samridhi
  • Guaranteed additions
  • Death benefits
  • Tax Benefits

SBI Life New Smart Samridhi (Eligibility Criteria)

SBI Life New Smart Samridhi
  • Minimum entry age- 30 Days
  • Maximum entry age- 50 years
  • Minimum sum assured - 65
  • 000
  • Maximum sum assured - 10
  • 18
  • 000
  • Maximum policy term- 20 years

SBI Life Smart Humsafar Plan is an insurance cum savings plan that provides you with dual benefits of protection along with saving benefits. It is a j...

Unique Features

  • Joint life plan
  • Waiver of premiums
  • Participation in profits

SBI Life Smart Hamsafar Plan (Pros)

SBI Life Smart Hamsafar Plan
  • Guaranteed bonuses
  • Accidental death benefit
  • Staff discounts

SBI Life Smart Hamsafar Plan (Cons)

SBI Life Smart Hamsafar Plan
  • No pre-existing condition
  • Suicidal exclusion
  • Aviation accident

SBI Life Smart Hamsafar Plan (Other Benefits)

SBI Life Smart Hamsafar Plan
  • Participation in profits
  • Waiver of premiums
  • Tax Benefits

SBI Life Smart Hamsafar Plan (Eligibility Criteria)

SBI Life Smart Hamsafar Plan
  • Minimum entry age- 18 Years
  • Maximum entry age- 46 years
  • Minimum sum assured - 1 Lakh
  • Maximum sum assured - 5 Crores
  • Maximum policy term- 30 years

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

SBI Shubh Nivesh Plan (Pros)

SBI Shubh Nivesh Plan
  • Corpus Building
  • Assured Returns
  • Flexibility

SBI Shubh Nivesh Plan (Cons)

SBI Shubh Nivesh Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Shubh Nivesh Plan (Other Benefits)

SBI Shubh Nivesh Plan
  • Policy Loan Facility
  • Discounts on High Sum Assured
  • Participation in Profits

SBI Shubh Nivesh Plan (Eligibility Criteria)

SBI Shubh Nivesh Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- Rs 75000
  • Maximum sum assured- No limit
  • Maximum policy term- 30 years

Your Family Depends on you! Ensure to give them a life you have dreamt of. With SBI Life Smart Money Back Gold, invest your money and get higher retur...

Unique Features

  • All About SBI Life Smart Money Back Gold
  • Key Features & Benefits of The Plan
  • Sample Illustration of The Plan

SBI Smart Money Back Goal (Pros)

SBI Smart Money Back Goal

SBI Smart Money Back Goal (Cons)

SBI Smart Money Back Goal

SBI Smart Money Back Goal (Other Benefits)

SBI Smart Money Back Goal

SBI Smart Money Back Goal (Eligibility Criteria)

SBI Smart Money Back Goal

Don't save money to Save. Save Money To Invest & Fulfil your Long-term Goals. With SBI Life Smart Platina Assure, give your family an assurance th...

Unique Features

  • Explore SBI Life Smart Platina Assure
  • Key Features of The Plan
  • Get an idea of how the plan works

SBI Smart Platina Assure (Pros)

SBI Smart Platina Assure

SBI Smart Platina Assure (Cons)

SBI Smart Platina Assure

SBI Smart Platina Assure (Other Benefits)

SBI Smart Platina Assure

SBI Smart Platina Assure (Eligibility Criteria)

SBI Smart Platina Assure

Save yourself and your family from the rising inflation with SBI Life Smart Bachat. It is important to plan for future savings and expenses wisely whi...

Unique Features

  • Know All About SBI Life Smart Bachat
  • Explore the Key Features & Benefits
  • Understand the Exclusions

SBI Smart Bachat (Pros)

SBI Smart Bachat
  • Maturity Benefits
  • Death Benefits
  • Choice of Plan Option

SBI Smart Bachat (Cons)

SBI Smart Bachat
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Bachat (Other Benefits)

SBI Smart Bachat
  • Policy Loan
  • Revival
  • Multiple Policy Renewal Payment Options

SBI Smart Bachat (Eligibility Criteria)

SBI Smart Bachat
  • Minimum entry age- 3 years
  • Maximum entry age- 50 years
  • Minimum sum assured- Rs 2
  • 00
  • 000
  • Maximum sum assured- No limit
  • Maximum policy term- 21 minus entry age
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of SBI Life Smart Lifetime Saver Plan

There are various benefits to buying the SBI Life Smart Lifetime Saver Plan. Let’s understand each of them in detail:

  • Death benefitsUpon the unfortunate demise of the life insured during the policy term, the SBI Life Smart Lifetime Saver will pay the death benefit among the highest mentioned in the policy terms.
  • Survival Income Survival income refers to the regular amount paid to the life insured if he/she survives a said period in policy terms.
  • Tax Benefit SBI Life Smart insured offers tax benefits for up to 1.5 lacs under section 80C of the Income Tax Act 1961.
  • Maturity benefitsMaturity benefits will be offered if the life assured survives until the end of the policy term.

Documents Required to Buy SBI Life Smart Lifetime Saver

Here is the list of documents required to buy the SBI Life Smart Lifetime Saver

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy SBI Life Smart Lifetime Saver?

You can buy the SBI Life Smart Lifetime Saver official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of SBI Life Insurance.

  • Step 2

    Hover over the 'Investment Plans' from the top of the menu.

  • Step 3

    Click on the 'SBI Life Smart Lifetime Saver'.

  • Step 4

    Click on ‘Buy Now’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the SBI Life Smart Lifetime Saver Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of SBI Life Smart Lifetime Saver Plan

  • Suicide within 12 months of the policy purchase is not covered.
  • Consumption of any intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports

Conclusion

SBI Life Smart Lifetime Saver is an ideal savings—and protection-oriented plan that helps you build wealth to achieve future goals while providing assured life cover.

For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.

SBI Life Smart Lifetime Saver: FAQs

1. What is the minimum age to purchase the SBI Lifetime Saver plan?

90 days

2. Can I take a policy loan under the Life Smart Lifetime Saver?

No, a policy loan is unavailable under the same plan.

3. How much returns can I expect under SBI Life Smart Lifetime Saver?

You can expect between 4 to 8 percent returns.

4. What premium payment terms are available under SBI Life Smart Lifetime Saver?

This plan offers you premium payment terms such as annual, semi-annual, quarterly, and monthly.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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varun saxena

Written By: Varun Saxena

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.