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Sbi Life New Smart Samriddhi
VS
Lic Jeevan Akshay
| PLAN DETAILS |
Sbi Life New Smart Samriddhi |
Lic Jeevan Akshay |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum maturity age: 65 years | Maximum Maturity Age - NA |
| Premium payment term | Same as the policy term | 5 to 20 years |
| Plan Entry Age | Minimum entry age: 30 days Maximum entry age: 50 Years | Minimum Age - 25 years Maximum Age - 85 years |
| Sum assured | Minimum sum assured: 65,000 Maximum sum assured: 10,18,000 | Rs 10 lakh to No limit |
| Premium payment frequency | Monthly,Yearly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 12,15 and 20 years | Minimum term - 10 years Maximum term - 20 years |
| Claim Settlement Ratio (2023-24) | Minimum Age - 5 year | 98.62 |
SBI Life Smart Samridhhi Plan is a fusion of an insurance plan as well as a savings plan. This SBI plan offers you 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 pay. Along with dual benefits it also offers you guaranteed additions annually 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 a life cover along with a guaranteed lump sum to meet your financial obligations.
SBI Life New Smart Samriddhi is a versatile savings plan life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
SBI Life New Smart Samriddhi Plan offers you a range of benefits including:
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