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

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 that you are always there to fulfil their dreams. SBI Life Smart Platina Assure is an individual, non-participating, non-linked, and life endowment assurance savings product that combines life cover with guaranteed returns. This plan not only covers your life but also provides you with savings that can be redeemed upon maturity. With the Smart Platina Assure's wide range of features, you can be confident that your hard-earned money reaps benefits for you and your family.

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

why-choose
  • Guaranteed Additions
  • Flexible-Premium Payment Options
  • Convenience
  • Loans on Policy
  • Free-look Period
  • Reviving your Lapsed Policy

Eligibility Criteria for SBI Smart Platina Assure

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 50 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 65 years

Your Gender

Policy tenure

Minimum term - 12 years Maximum term - 15 years

Maternity Benefit Rider

Premium payment term

6, 7 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

Rs 3 lakh to No limit

How Does the SBI Life Smart Platina Assure Plan Work?

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

Why Buy Term Insurance Online?

Problem

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

Solution

His financial advisor advised him to buy the SBI Smart Platina Assure Plan. He visited PolicyX.com

Let's understand how the SBI Smart Platina Assure Plan works for him with a premium illustration table.

Age of policyholder Annual Premiums PPT Policy tenure Sum Assured Maturity Benefits
25 years Rs 50,000 6 years 12 years Rs 5,00,000 Rs 4,57,500

Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 5,80,500 are paid to the policyholder.

Features of SBI Smart Platina Assure

Here are some features of SBI Smart Platina Assure:

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SBI Shubh Nivesh Plan

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  • 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

SBI Smart Money Back Goal

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 retur...

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  • 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

SBI Smart Platina Assure

SBI Smart Platina Assure

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

SBI Smart Bachat

SBI Smart Bachat

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 the SBI Smart Platina Assuree Plan

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

  • Maturity Benefits: If the policyholder survives his policy term, then he will receive Guaranteed Sum Assured on maturity plus Accrued Guaranteed additions, as applicable.
  • Death Benefits: In the unfortunate death of the policyholder, the Sum Assured on Death along with accrued Guaranteed Additions will be paid to the nominee where the benefit will be 10 times the annualized premium or 105% of the total premiums paid up to the date of death along with the guaranteed additions which have been accumulating every year.
  • Reduced Paid-Up Value: If you encounter financial difficulties and are unable to make further premium payments, then instead of terminating their policy, you can convert it into a reduced paid-up insurance policy that reduces your premium but guarantees a limited benefit.
  • 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 Life Smart Platina Plan

Here is the list of documents required to buy the SBI Life Smart Platina Assure Plan:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

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

How to Buy SBI Smart Platina Assure?

You can buy the SBI Smart Platina Assure 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 Platina Assure 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 Life Smart Platina Assure 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 Platina Assure 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
Reviving Your Lapsed Policy 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 Life Smart Platina Assure 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 Smart Platina Assure

1. I forgot to pay the premium of my SBI Platina Assure Plan. Will my policy lapse?

The plan offers a grace period of 30 days wherein the premium can be paid even after the due date. If the policyholder fails to make payment within the grace period, the policy lapses.

2. Am I eligible for Tax Benefits under SBI Smart Platina Assure?

Under the Income Tax Act of 1961, one can avail tax exemptions against the premiums paid for the plan.

3. Can I avail loans against SBI Platina Assure Plan?

No, the loan is not available under the plan.

4. Will I be charged any loading on SBI Smart Platina Assure?

Yes, the plan has a loading as per the below table: Half-yearly 51.00% of annual premium Quarterly 26.00% of annual premium Monthly 8.50% of annual premium

5. I want to revive my SBI Platina Assure Plan. How can I do that?

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

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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.

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