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Sbi Smart Bachat vs Fixed Maturity Plan

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Sbi Smart Bachat vs Fixed Maturity Plan

Sbi Smart Bachat

Save yourself and your family from rising inflation with SBI Life Smart Bachat. It is important to plan for future savings and expenses wisely while considering the present inflation rate. Investing in a plan that helps you save enough to fulfill your long-term financial goals is crucial, and SBI Li...

Fixed Maturity Plan

Aditya Birla Sun Life Fixed Maturity Plan is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump sum on maturity. The ABSLI Fixed Maturity Plan is a savings vehicle that offers life insurance protection and savings advantages to protect your loved ones fro...

PLAN DETAILS

Sbi Smart Bachat


Fixed Maturity Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Know All About SBI Life Smart Bachat
  • Explore the Key Features and Benefits
  • Understand the Exclusions
  • Tax Benefits u/s 80C & 10 (10D)
  • Single Premium
  • ZERO Withdrawal Charges
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Policy Loan
  • Policy loan
  • Enhanced sum assured
  • Tax benefit
Plan Maturity age Maximum Maturity Age: 65 years 70 years
Premium payment term 7/10/15 years Single, Limited, Regular
Plan Entry Age Minimum Age: 3 years, Maximum Age: 50 years 8 years
Sum assured Rs 2 lakh to No limit Rs. 15000- no limit
Premium payment frequency Annual, half-yearly, quarterly and monthly Single, Limited, Regular
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term: 15 years, Maximum term: 30 years Minimum: 5 years to Maximum: 10 years.
Claim Settlement Ratio (2024-25) Minimum Age - 5 year 98.65%

Know More About Plans

Save yourself and your family from rising inflation with SBI Life Smart Bachat. It is important to plan for future savings and expenses wisely while considering the present inflation rate. Investing in a plan that helps you save enough to fulfill your long-term financial goals is crucial, and SBI Life Smart Bachat is one such plan. It is an individual, non-linked, and participating life insurance savings product. SBI Life Smart Bachat is available in two plan types: Endowment plan and Endowment plan with Accidental Death and Total Permanent Disability Benefit. The plan offers a Limited Premium Paying Term (LPPT) option, reducing the obligation of long premium payment tenures.

SBI Life Smart Bachat Plan offers a range of benefits including:

  • Financial Protection
  • Tax Benefits
  • Policy Revival
  • Multiple Policy Renewal Payment Options
  • Maturity Benefits
  • Death Benefits

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