Sbi Smart Wealth Builder
vs
Lic Siip

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Sbi Smart Wealth Builder vs Lic Siip

Sbi Smart Wealth Builder

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It comes out with a dual benefit of insurance and investment. The plan offers a guaranteed bonus at different stages during the policy tenure. It is specifically designed for achieving life goals ...

Lic Siip

LIC SIIP is a unit-linked non-participating individual life insurance plan. The plan comes out as an opportunity to monetize the investment options offered by the market. The plan is available offline and online along with four different fund options to invest your hard-earned money. Like all other ...

PLAN DETAILS

Sbi Smart Wealth Builder


Lic Siip

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 85 years
Premium payment term 5 to 30 years 10 to 25 years
Plan Entry Age Minimum Age - 7 years Maximum Age - 55 years Minimum Age - 90 days Maximum Age - 65 years
Sum assured 10 X Annualized Premium Rs 10 lakhs to No limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 5 to 30 years Minimum term - 10 years Maximum term - 25 years
Claim Settlement Ratio (2023-24) Minimum Age- 14 year 98.62

Know More About Plans

Overview

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It comes out with a dual benefit of insurance and investment. The plan offers a guaranteed bonus at different stages during the policy tenure. It is specifically designed for achieving life goals such as higher education for your children, marriage, buying a house, travel, etc.

With SBI Life Smart Wealth Builder one can build a financial corpus and can easily fulfill his/her long-term financial goals. Continue reading to explore more about the plan.

SBI Life Smart Wealth Builder Plan offers you a range of benefits including:

why-choose
  • Flexibility to pay premiums for 7, 10, or 12 years
  • Accidental Death and Accidental Total and Permanent Disability Benefit
  • Free look period of 15 days
  • Tax Benefits
  • Life Insurance Coverage
  • Switching Option

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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.