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Sbi Smart Wealth Builder vs Lic

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Sbi Smart Wealth Builder vs Lic

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

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 Smart Wealth Builder


Lic

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
  • Annuity Options
  • Loan Facility
  • Guaranteed Annuity Rates
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - Whole life
Premium payment term 5 to 30 years -
Plan Entry Age Minimum Age - 7 years Maximum Age - 55 years Minimum Age - 25 years Maximum Age - 100 years
Sum assured 10 X Annualized Premium Rs 1 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 - 5 years Maximum term - Whole life
Claim Settlement Ratio (2024-25) Minimum Age- 14 year 98.5%

Know More About Plans

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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