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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:
Minimum Age - 14 years Maximum Age - 55 years
Maximum Maturity Age - 70 years
Minimum term - 15 years Maximum term - 25 years
15 to 25 years
Annual, half-yearly, quarterly & monthly
Rs 2,00,000 to No limit
Let's understand how the SBI Smart Money Back Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan to create long-term wealth.
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.
Here are some features of SBI Smart Money Back Goal:
The plan comes out with the three money-back options that assist the insured in dealing with the different requirements at different stages of life.
If you need financial support in case of any emergency, the plan will allow you to avail of a loan equivalent to 90% of the surrender value.
It offers the flexibility to choose the premium payment term- single, regular and limited premium payment.
The plan will offer a paid-up and/or surrender value only where the premiums (in the case of regular/limited premium) have been paid for at least 2 consecutive years.
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There are various benefits to buying the SBI Smart Money Back Gold Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the SBI Smart Money Back Plan:
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 Smart Money Back Goal 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 Smart Money Back Plan'.
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 Smart Money Back Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
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 |
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.
Yes, you can revive your policy within 5 consecutive years from the date of the first unpaid premium.
No loan facility is not available under SBI Life Smart Money Back Gold.
One can choose to pay their SBI Smart Money Back Gold premium as Single Premium, Limited Premium or Regular Premium.
The company allows the policyholder to cancel their policy within 15 days, from the date of receipt of the policy document.
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.
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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.
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February 5, 2023
Asia/Kolkata
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