Everything You Need To Know About SBI Life Smart Platina Assure Plan
Table of Contents
The future is unpredictable. Ever stressed the fact that one day your dependents would have to survive without you? Hence, if you are covered under the SBI Life Smart Platina Assure plan, then it will provide financial security to your family in case an unanticipated event occurs such as the demise during the policy term.
SBI Life Smart Platina Assure Plan is a non-linked and non-participating life insurance plan. With this plan, you can enjoy life-cover benefits along with assured returns at the end of each policy year. Besides maturity and guaranteed benefits, this plan offers you the flexibility of paying premium for a limited time period.
Features Of SBI Life Smart Life Platina Assure Plan
Below mentioned are the features of the SBI Life Smart Platina Assure plan that the policyholder can avail of:
- Life insurance and guaranteed returns
- Guarantee returns and maturity benefits at the end of the insurance period.
- Guaranteed 5.25% or 5.75% increments are given at the end of each insurance year.
- Ability to pay premiums more flexibly for up to 6 or 7 years and receive benefits for up to 12 or 15 years.
- Gain tax advantages.
- Flexibility to select between yearly and monthly subscription payments.
Benefits Of SBI Life Smart Platina Assure Plan
Check out some of the benefits of buying the SBI Life Smart Platina Assure Plan in the below section:
-
Financial Security:
In case of an unpredictable event, such as the sudden demise of the policyholder, this plan will provide life cover and financial security to your family. This plan provides a death benefit in such cases, the death benefit can act as a financial shield for the family of the life assured during difficult times. With the help of death benefits received from this plan, the family of the life assured can fulfil their immediate financial needs, and future financial needs and pursue their dreams even in the absence of the life assured.
-
Maturity Benefit:
If the policyholder survives during the policy tenure, then they would be eligible to enjoy the maturity benefits covered under this plan. Hence, you will get the guaranteed return at the end of the policy period.
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Guaranteed Add-ons:
This plan provides guaranteed additions, which are declared at the end of each policy term at an interest rate of 5.25% or 5.75%. These guaranteed additions shall be provided along with the maturity benefit or death benefit payout. With the help of guaranteed additional benefits under this plan, the life assured can grow a corpus for a financially secured future for them and their family.
Eligibility Criteria Of SBI Life Smart Platina Assure
Check out the eligibility criteria for the SBI Life Smart Platina Assure Plan in the below table:
|
Parameters |
Eligibility |
|
Minimum Entry Age |
3 Years |
|
Maximum Entry Age |
60 Years |
|
Maximum Maturity Age |
75 Years |
|
Policy Term |
12/15 Years |
|
Premium Payment Term |
6 Years (12 Years Policy Term) 7 Years (15 Years Policy Term) |
|
Minimum Sum Assured |
INR 2,40,000 |
|
Maximum Sum Assured |
No Limit |
|
Premium Payment Mode |
Monthly/Yearly |
Conclusion
SBI life is a renowned insurance company with high claim settlement ratio of 93.06%. Hence, you can buy SBI Life Smart Platina Assure to secure your dear ones financially in your absence.
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