Sbi Life New Smart Samriddhi vs Lic Bima Shree

SBI Life Smart Samriddhi Plan is a fusion of an insurance plan and a savings plan. This SBI plan offers life coverage throughout the policy tenure along with maturity benefits, which range from 143% to 229% of annual premiums, in exchange for limited-term premium payments. Along with dual benefits, it also offers guaranteed annual additions based on your premium payments. These benefits ultimately increase your maturity payment or life cover.

For premiums less than Rs 30,000, the guaranteed benefits rate is 5.5%, while for premiums greater than Rs 30,000, the rate is 6%. You can purchase this plan without a medical test. This plan is an ideal choice if you are looking for life cover along with a guaranteed lump sum to meet your financial obligations.

SBI Life New Smart Samriddhi is a versatile savings life insurance plan. We will discuss the plan in detail in the section below for more clarity and better understanding.

SBI Life New Smart Samriddhi Plan offers a range of benefits, including:

• Coverage through policy tenure
• Tax Benefits
• Maturity Benefits
• Grace period
• Guaranteed additions
• Death benefits

LIC Bima Shree Policy is a traditional, non-linked, and with-profit money-back life insurance policy that features guaranteed additions to provide security along with savings to you and your family. It is a limited premium paying plan known for offering financial protection in dual cases: if the policyholder survives the policy term or in the event of the policyholder's death before the term ends.

The plan pays out maturity benefits in the form of multiple guaranteed 'survival benefits' throughout the policy tenure. Under this plan, the policyholder is also eligible for a regular liquidity facility.

LIC Bima Shree Plan offers a range of benefits including:

• Death Benefits
• Maturity Benefits
• Survival Benefits
• Additional riders to choose from
• Waiver of premium benefit
• Free-look period