Sbi Smart Wealth Builder
vs
Smart Life Plan

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Sbi Smart Wealth Builder vs Smart Life Plan

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 ...

Smart Life Plan

Kotak SmartLife is a non-linked, participating life insurance plan. It provides an option to get cash bonus payouts from the end of the 1st policy year to look after immediate financial needs. Policyholders can use such bonuses to take care of their families in their absence. Kotak SmartLife Pl...

PLAN DETAILS

Sbi Smart Wealth Builder


Smart Life Plan

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
  • Explore All about Kotak SmartLife Insurance
  • Understand the Key Features & Benefits
  • Check Eligibility Criteria
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions
  • Comprehensive Protection
  • Survival Benefit
  • Maturity benefit
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 75 years
Premium payment term 5 to 30 years 6, 8, 10, 12, and 15 years
Plan Entry Age Minimum Age - 7 years Maximum Age - 55 years Minimum Age - 3 years Maximum Age - 55 years
Sum assured 10 X Annualized Premium Rs. 2,50,000 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 75 years less entry age of life insured
Claim Settlement Ratio (2023-24) Minimum Age- 14 year Minimum Age - 5 year

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.