SBI Smart Money Back Goal
  • All About SBI Life Smart Money Back Gold
  • Key Features & Benefits of The Plan
  • Sample Illustration of The Plan
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Investment Plan for you.

Select Your Annual Income

15 Lacs+ P.A. 10-15 Lacs P.A. 7-10 Lacs P.A. 5-7 Lacs P.A. 3-5 Lacs P.A. Upto 3 Lacs P.A.

Age

SBI Smart Money Back Goal

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 returns in the future.

SBI Life Smart Money Back Gold is a non-linked, participating life insurance savings plan. It offers an added advantage of life cover and cash inflow at regular intervals to deal with your financial requirements at important stages of life. With this policy, you can plan for all the special moments of your life, be it a wedding, having kids, their education, and much more. The plan comes out with a wide range of features that safeguard your family and meet financial needs at the same time.

SBI Smart Money Back Gold Plan offers you a range of benefits including:

why-choose
  • Three Money-back Options
  • Regular Payout
  • Cash Inflows
  • Discount on High Sum Assured
  • Survival Benefits
  • Maturity Benefits

Eligibility Criteria for SBI Smart Money Back Goal

Your Occupation

Entry age

Minimum Age - 14 years Maximum Age - 55 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 70 years

Your Gender

Policy tenure

Minimum term - 15 years Maximum term - 25 years

Maternity Benefit Rider

Premium payment term

15 to 25 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

Rs 2,00,000 to No limit

How Does the SBI Smart Money Back Plan Work?

Let's understand how the SBI Smart Money Back Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for an investment plan to create long-term wealth.

Solution

His financial advisor advised him to buy the SBI Smart Money Back Gold Plan. He visited PolicyX.com

Let's understand how the SBI Smart Money Back Gold Plan works for him with a premium illustration table.

Age of policyholder Annual Premium PPT Policy tenure Sum Assured Maturity Benefits
30 years Rs 1,68,840 8 years 15 years Rs 20,00,000 Rs 27,52,000

Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 27,52,000 are paid to the policyholder.

Features of SBI Smart Money Back Goal

Here are some features of SBI Smart Money Back Goal:

SBI Investment Plans

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 Smart Money Back Gold

There are various benefits to buying the SBI Smart Money Back Gold Plan. Let’s understand each of them in detail:

  • Regular Payout: The plan offers a regular payout of 15% of the basic sum assured. It even provides the flexibility to choose the policy term and the payout frequency.
  • Renewability: In case of a relapsed policy, it can be reinstated to full coverage within 5 years from the due date of the first unpaid premium. You have to pay all outstanding premiums along with extra premiums, rider premiums, and a written request for revival to the insurance company.
  • Discount: The plan offers an attractive discount on opting for a high sum assured.
  • Tax Benefits: You can claim a deduction of Rs 1.5 lakhs on your total income under section 80C of the Income Tax Act, 1961.

Documents Required to Buy SBI Smart Money Back Plan

Here is the list of documents required to buy the SBI Smart Money Back Plan:

Photo ID Proof

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

How to Buy SBI Smart Money Back Goal?

You can buy the SBI Smart Money Back Goal 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 Smart Money Back Plan'.

  • 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 Smart Money Back 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 Smart Money Back Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Plan At a Glance

What’s Good Here What’s Missing
Maturity Benefits Premium Offset
Death Benefits High sum assured rebate
Policy Loan Facility Auto cover continuance
Survival Benefit Top-up premium

In a nutshell

If you are looking for an investment plan that offers guaranteed returns for you and your family you must opt for SBI Smart Money Back Gold Plan. This plan offers guaranteed benefits.

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.

FAQs: SBI Life Smart Money Back Gold

1. I want to revive my SBI Smart Money Back Gold Plan. Can I do that?

Yes, you can revive your policy within 5 consecutive years from the date of the first unpaid premium.

2. Can I avail loans under SBI Money Back Policy?

No loan facility is not available under SBI Life Smart Money Back Gold.

3. What Premium Payment Options are available under SBI Life Insurance Money Back Plan?

One can choose to pay their SBI Smart Money Back Gold premium as Single Premium, Limited Premium or Regular Premium.

4. I am not happy with my SBI Money Back Policy. I want to cancel my policy. How can I do that?

The company allows the policyholder to cancel their policy within 15 days, from the date of receipt of the policy document.

5. Am I eligible to avail Tax Benefits under SBI Life Smart Money Back Gold.

According to the applicable income tax regulations in India, which are subject to change from time to time, you may be entitled for Income Tax benefits/exemptions.

Life Insurance Companies

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

Share your Valuable Feedback

Rating Icon

4.6

Rated by 855 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings
Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.