Sbi Life Smart Lifetime Saver
vs
Lic

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Sbi Life Smart Lifetime Saver vs Lic

Sbi Life Smart Lifetime Saver

SBI Life Smart Lifetime Saver is a non-participating Whole Life Insurance plan. It offers dual benefits of insurance & saving under the same policy. This plan will pay regular guaranteed and non-guaranteed income through cash bonuses. SBI Life Smart Lifetime Saver is a versatile savings plan lif...

Lic

Jeevan Akshay- VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays annuity or pension to the policyholder on annuity age. The annuity plan also allows joint life cover. The plan provides annuity payments of a stated amount throughout the lifetim...

PLAN DETAILS

Sbi Life Smart Lifetime Saver


Lic

Premium Including GST
Key Features
(Key features of the plan)
  • Whole life cover
  • Guaranteed regular income
  • Rider benefits
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Whole life cover
  • Guaranteed survival income
  • Tax benefits
  • Annuity Options
  • Loan Facility
  • Guaranteed Annuity Rates
Plan Maturity age Maximum maturity age: 100 years Maximum Maturity Age - Whole life
Premium payment term 10/12/15 Years -
Plan Entry Age Minimum age: 90 Days Maximum age: 55 Years Minimum Age - 25 years Maximum Age - 100 years
Sum assured Minimum sum assured: 30,000 Maximum sum assured: No Limit Rs 1 lakhs to No limit
Premium payment frequency Yearly, Half-yearly, Monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 100 minus Age at Entry Minimum term - 5 years Maximum term - Whole life
Claim Settlement Ratio (2023-24) Minimum Age - 5 year 98.62

Know More About Plans

Overview

SBI Life Smart Lifetime Saver is a non-participating Whole Life Insurance plan. It offers dual benefits of insurance & saving under the same policy. This plan will pay regular guaranteed and non-guaranteed income through cash bonuses.

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

why-choose
  • Whole life cover
  • Tax Benefits
  • Flexibility
  • Guaranteed survival income
  • Rider benefits 
  • Hassle-free process

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.