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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:
Minimum age: 90 Days Maximum age: 55 Years
Maximum maturity age: 100 years
100 minus Age at Entry
10/12/15 Years
Yearly, Half-yearly, Monthly
Minimum sum assured: 30,000 Maximum sum assured: No Limit
Let's understand how the SBI Life Smart Lifetime Saver Plan works with a simple premium illustration.
Ms. Varsha is a 45-year-old non-smoker looking for an investment plan to create long-term wealth for her child.
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 |
Here are some features of SBI Life Smart Lifetime Saver:
You will get a whole life cover up to 100 years of age.
Eligible to receive guaranteed survival income from the end of the Premium Payment Term.
You get an option to accumulate Survival Income.
Option to enhance protection with additional riders.
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There are various benefits to buying the SBI Life Smart Lifetime Saver Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the SBI Life Smart Lifetime Saver
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the SBI Life Smart Lifetime Saver 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 Smart Lifetime Saver'.
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 Smart Lifetime Saver Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
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.
90 days
No, a policy loan is unavailable under the same plan.
You can expect between 4 to 8 percent returns.
This plan offers you premium payment terms such as annual, semi-annual, quarterly, and monthly.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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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.
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February 5, 2023
Asia/Kolkata
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