SBI Investment Plans

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SBI Life Investment Plans In India

SBI Life is one of the leading Life Insurance companies in India. It is a joint venture between India’s largest bank State Bank of India and the leading global insurance company BNP Paribas Cardif. This joint mission has excelled in presenting insurance and investment solutions all across the country and offers more than one product in the classes inclusive of life insurance, pension, child plans, investments and financial savings. The sheer variety of disposal blended with the great reach of SBI makes the corporation a formidable force in the insurance industry.

Benefits of SBI Life Savings Plans

  1. SBI Life Insurance savings Plans offers both protection and asset generation to secure the future of the policyholder and their loved ones.
  2. Savings plans come with a wide range of options for the policyholders to choose from.
  3. Most of the SBI Life Savings plans comes with additional benefits like bonus, riders etc. over and above the usual benefits like death benefits and tax benefits.
  4. Savings Plans allow insureds to claim tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961 on the premium paid for purchasing the insurance plan and on the maturity benefit.

Importance Of SBI Life Investment Plans

  1. Financial Protection - Your short and long term goals such as child's marriage, education, etc can be fulfilled in a planned manner
  2. Good Returns- Returns on investment plans are usually better if you consider post-tax yields compared to other investment options (especially in Unit-Linked Insurance Plans)
  3. Tax Benefits- You get a tax deduction for the premium you pay under Section 80C and the money you realize on maturity is tax-free under Section 10 (10) D of the Income Tax Act
  4. Riders Benefits- You can add riders like critical illness, accidental death, waiver of premium, etc.
  5. Loan- You can also avail a loan on the investments in case you need money at a later stage. Rate of interest differs from company to company.
  6. Dual Benefits - You get the benefit of saving your money for future needs as well as increasing your wealth by investing in the stock market.

Types Of SBI Investment Plans

SBI Life Insurance Company is offering a wide range of effective investment plans which can help you in getting desired protection and opportunites of wealth creation.

1. SBI Life- Smart Bachat:

Smart Bachat is a Limited Premium Payment Term (LPPT) endowment insurance plan. The policy term exceeds the premium payment term, so a policyholder can get a life cover up to 10 years after the last premium amount is paid.

Benefits and Features of SBI Life - Smart Bachat Plan:
  1. Allows you to choose from two options which basically depends upon your needs
    • Option A: Endowment Option
    • Option B: Endowment Option with in-built AD&TPD Benefit
  2. Easy to choose
    • Premium Payment Term of 5, 7, 10 and 15 years
    • Policy Term from 10 to 25 years depending on your financial goals
  3. Premium waiver in case of Accidental Total & Permanent Disability (under Option B)
  4. Offers the life cover for entire policy term i.e. even after the end of Premium Payment Term
  5. Rebate on Large Sum Assured
Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Bachat Minimum:
  • Endowment option: 8 years.
  • Endowment option with in-built AD&TPD benefit: 18 years.
Maximum: 50 years, for both options.
Maximum: 65 years Minimum as per payment frequency:
  • Monthly: Rs.450.
  • Quarterly: Rs.1,350.
  • Half-yearly: Rs.2,600.
  • Yearly: Rs.5,100.
Maximum: No limit.
2. SBI Life Smart Women Advantage

It is a participating traditional Endowment Plan, which is especially designed for women with added features for protection and security. The plan offers covers for life and savings along with critical illness benefit. There is also optional advanatges available for pregnancy and childbirth related issues.

Advanatges and Features of SBI Life - Smart Women Advantage Plan:
  1. It is an insurance plan which is designed to offer comprehensive coverage to females that includes Life Cover plus Critical Illness Benefit plus Savings.
  2. This plan comes out with additional advanatges of the optional Additional Pregnancy Complication and Congenital Anomalies (APC&CA), offering cover for complications which is related to pregnancy and abnormalities related to childbirth.
  3. The plan has two options to choose from:-
    • Gold Plan: Offering advanatges such as Savings, Cover for Life and against Critical Illnesses which are female specific.
    • Platinum Plan: offering benefits like Savings plus, Life Cover, plus coverage against Critical Illnesses specific to females, along with cover for other Critical Illnesses as well.
  4. The plan also offers Critical illness cover that completely depends upon on how severe it is, on diagnosing of the CI specified in the plan.
  5. There is the advanatges of Premium Waiver in case of a CI at Major Stage.
  6. IT also offers the opportunity to choose how much Death & CI cover the policyholder requirements. It can be once, twice or thrice of the Sum Assured (Basic).
  7. Sum Assured Rebate: Insured will get huge discounts on the rates of premium for those opting for a higher amount of Sum Assured (Basic).
Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Women Advantage Base Plan:
  • Minimum: 18 years.
  • Maximum: 50 years.
APC&CA Plan:
  • Minimum: 18 years.
  • Maximum: 35 years.
Maximum age for Base Plan: 60 years
Maximum age for APC&CA Plan: 45 years
Minimum premium as per payment frequency:
  • Monthly: Rs.1500.
  • Quarterly: Rs.4,000.
  • Half-yearly: Rs.7,500.
  • Yearly: Rs.15,000.
Maximum: Based on the Sum Assured.
3. SBI Life-Smart Swadhan Plus

Smart Swadhan Plus pays back the total basic premiums paid by the policyholders till maturity date, provided the policy is still in force. Smart Swadhan Plus is a non-participating, non-linked term plan with the option to select a payment term as per the policyholder’s convenience.

Benefits and Features of SBI Life - Smart Swadhan Plus Plan:
  1. The plan comes with double benefits of:
    • Protection: Life coverage against any unforeseen situations.
    • 100% Premium Return: If the policyholder is allive at the policy maturity, the return is equal to the total Premiums (Basic) paid for the Policy.
  2. The policy is providing the option of premium payment through single payment or limited period payment (5 or 10 or 15 years) or regular payment throughout policy term.
  3. It also offers the opportunity to select the protection period required by the policyholder. The protection term can be between 10 to 30 years.
  4. Sum Assured Rebate: Policyholders opting for high protection level get to enjoy high discount on the rates of premium.
Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Swadhan Plus
  • Minimum: 18 years.
  • Maximum: 65 years.
Minimum: Not applicable.
Maximum: 75 years
Minimum premium as per payment frequency:
  • Single premium: Rs.21,000.
  • Monthly: Rs.250.
  • Quarterly: Rs.650.
  • Half-yearly: Rs.1,200.
  • Yearly: Rs.2,300.
Maximum: No limit.
4. SBI Life- Smart Humsafar

It i a joint participating insurance plan for married couples. This endowment plan offers coverage to both the husband and wife with insurance cover and comes with multiple rider options. You will also get a guaranteed minimum bonus at 2.50% of the sum assured for the first 3 years.

Benefits and Features of SBI Life - Smart Humsafar Plan:
  1. It isna joint plan which is basically the combinantion of both life insurance coverage and savings underwhich the policyholder can get insurance cover for both themselves and theirs within the ambit of this single policy.
  2. With this plan you will get guaranteed bonus amounting to a minimum of 2.50% of the Sum Assured (Basic) during the first 3 years of policy commencement.
  3. This plan will provide financial assistance in case of the unfortunate demise of one or both of the lives assured.
  4. A maturity payout at the end of the term of the policy is bestowed on survival of either or both of the lives assured.
  5. The advanatges under this plan also comprises of waiver of premium in the case of death of either of the joint-policyholders as long as the policy is in force.
  6. The plan comes along with thee additional riders which is there at a very affordable cost.
Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Humsafar
  • Minimum: 18 years.
  • Maximum: 46 years.
Minimum: Not applicable.
Maximum: 65 years
Minimum premium as per payment frequency:
  • Monthly: Rs.500.
  • Quarterly: Rs.1,500.
  • Half-yearly: Rs.3,000.
  • Yearly: Rs.6,000.
Maximum: Based on the Sum Assured.
5. SBI Life- Smart Mone

It is a non-linked individual insurance plan that offers guarantees periodic cash inflow, thus offering the policyholder with a avenue of financial support. With this plan, you will also get the option for lower premium payment term while maintaining coverage throughout the term of the policy. The policy term is divided into Premium Payment Period, Growth Period and Benefit Payment Period.

Benefits and Features of SBI Life - Smart Money Planner Plan:
  1. This plan come out with the option of regular income to the policyholder throughout Benefit Payment Period tailored that goes well with the requirement of the policyholder.
  2. It also comes along with a special feature which is known as ’Growth period’ throughout which the maturity benefit that increases aggressively.
  3. This plans offers life coverage throughout the policy term that includes the Premium Payment Period, the Growth Period and the Benefit Payment Period.
  4. It gives the flexibility to opt between payment terms - Limited Premium or Single Premium.
  5. This plan also offers rebates on premium for high Sum Assured policies.
Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Money Planner
  • Plan 1: Minimum 18 years and maximum 60 years.
  • Plan 2: Minimum 18 years and maximum 55 years.
  • Plan 3: Minimum 18 years and maximum 55 years.
  • Plan 4: Minimum 18 years and maximum 50 years.
Minimum: Not applicable.
Maximum: 75 years
Depends directly on the Sum Assured.
6. SBI Life- CSC Saral Sanchay

It is a non-participating, individual, variable insurance plan that you can buy from any authorised Common Service Centre under the National e-Governance Plan (NeGP) of Government of India. The policy comes with a lock-in period of 5 years. The policyholder can also choose to top up the initial premium amount to raise insurance cover.

Benefits and Features of SBI Life - CSC Saral Sanchay Plan:
  1. It offers multiple benefit of Life Insurance and Savings with a simple process of enrolment.
  2. A Floor rate of minimum 1.00% p.a. is paid to the policyholder throughout the entire policy term.
  3. Under this plan you will get the advantage of Partial Withdrawal, a facility that allows the policyholder to withdraw a part of their funds from the policy account after the completion of 5 years of the policy, to meet emergency liquidity requirements.
Plan Name Entry Age Maturity Age Premium
SBI Life - CSC Saral Sanchay Minimum:
  • For a policy term of 10 years: 18 years.
  • Plan 2: Minimum 18 years and maximum 55 years.
  • For a policy term of 15 years: 18 years.
Maximum:
  • For a policy term of 10 years: 60 years.
  • For a policy term of 15 years: 55 years.
Minimum: Not applicable.
Maximum: 70 years
Minimum: For the payment frequency,
  • Monthly: Rs.200.
  • Quarterly: Rs.600.
  • Half-yearly: Rs.1,200.
  • Yearly: Rs.2,400.
Maximum: For the payment frequency,
  • Monthly: Rs.1,600.
  • Quarterly: Rs.5,000.
  • Half-yearly: Rs.10,000.
  • Yearly: Rs.20,000.
7. Sbi Life Smart Income Protect

Under ths plan the policyholder pays regular rates for a time period of seven, 12 or 15 years. After the tenure is over, the policyholder gets annual payouts for the next 15 years. They can also pick out to get hold of the complete sum as maturity gain on the stop of the coverage tenure. This coverage also boasts of a huge form of riders.

Benefits and functions of Sbi Life Smart Income Protect

This plan gives both life cover and a regular income to the policyholder.

The plan offers flexibility of coverage terms wherein the policyholder can choose from 7, 12 or 15 years as their policy time period.

In this plan, the premium payment term is the same as the chosen coverage term of the policyholder.

At the end of the tenure of the policy, a maturity benefit equaling to Vested Reversionary bonus plus Terminal bonus, is payable as a lump sum to the policyholder.

After policy maturity, the policy keeps to pay within the form of guaranteed every year payouts amounting to 11% of the Sum assured (basic) or Sum assured (Paid up) spread across a period of 15 years.

The policyholder also has an alternate option to get the maaturity benefit in a lump sum, identical to a 110% of the sum assured (simple), plus Vested Reversionary bonus, plus Terminal bonus.

The policy comes with the option to pick from the following riders to growth the range of cover:

  1. SBI Life - Accidental Death Benefit Rider.
  2. SBI Life - Accidental Total and Permanent Disability Benefit Rider.
  3. SBI Life - Criti Care 13 Non Linked Rider.
  4. SBI Life - Preferred Term Rider.
Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Income Protect Minimum:
  • For a policy term of 7 years: 11 years.
  • For a policy term of 12 years: 8 years.
  • For a policy term of 15 years: 8 years.
Maximum:
  • For a policy term of 7 years: 58 years.
  • For a policy term of 12 years: 53 years.
  • For a policy term of 15 years: 50 years.
Minimum: 18 years.
Maximum: 65 years
Depends directly on the Sum Assured.
8. SBI Life - Smart Guaranteed Savings Plan:

A traditional coverage plus financial savings plan which rewards its policyholders with a number of add-ons. The plans gives guaranteed additions on the stop of each 12 months depending on the premium. The premium tenure is an insignificant 7 years.

Benefits and features of SBI Life - Smart Guaranteed Savings Plan:

Relying on the chosen premium amount, policyholders can revel in guaranteed Additions, at the end of each year the coverage.

The above-cited additions can be added at easy rate of interest of five.5% or 6%. This interest will practice to the sum of the paid-up basic charges.

Policyholders want to pay charges for a limited length (7 years only) and gain the benefits over the complete 15 years term of the coverage.

The life insurance cover associated with this plan varies with the amount of premium chosen with the aid of the policyholder.

Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Guaranteed Savings Plan Minimum: 18 years.
Maximum: 60 years.
Minimum: Not applicable.
Maximum: 65 years
Minimum: Rs.15,500.
Maximum: Rs.75,000.
9. SBI- Smart Money Back Gold

It is a traditinal coverage plan, collaborating in nature that pays a normal Survival advantage. It also assures the family of the insured is financially secure after he/she is no more by paying out the overall Sum assured along with simple Reversionary Bonus, irrespective of the sum already paid as Survival gain.

Benefits and capabilities of SBI- Smart Money Back Gold

This plan comes with options for buying cash lower back at the charges paid which might be tailor-made specifically to fit the necessities of the policyholder.

The plan affords fixed cash payments to the policyholder allowing them to meet any in their financial duties.

The Survival benefit provided under this plan is identical to 110% of the Sum assured, with charges paid up until maturity.

This plan additionally offers rebates on premium for excessive Sum assured rules.

The coverage comes with the choice to select from the following riders to boom the range of cover:

  1. SBI Life - Accidental Death Benefit Rider.
  2. SBI Life - Criti Care 13 Non-Linked Rider.
  3. SBI Life - Accidental Total and Permanent Disability Benefit Rider.
  4. SBI Life - Preferred Term Rider.
Plan Name Entry Age Maturity Age Premium
SBI Life - Smart Money Back Gold Minimum:
  • For 12 year term: 15 years.
  • For 15 year term: 15 years.
  • For 20 year term: 14 years.
  • For 25 year term: 14 years.
Maximum:
  • For 12 year term: 55 years.
  • For 15 year term: 55 years.
  • For 20 year term: 50 years.
  • For 25 year term: 45 years.
  • Minimum: 27 years.
  • Maximum for 12 year term: 67 years.
  • Maximum for all other terms: 70 years.
Minimum:
  • Monthly PPT Rs.400.
  • Quarterly PPT Rs.1,200.
  • Half yearly PPT Rs.2,400.
  • Yearly PPT Rs.4,500.
Maximum: No limit.
10. SBI Life Shubh Nivesh

It is basically an endownment plan of a different kind as it provide Whole Life coverage option along with savings and a regular income.

Benefits and features of SBI life- Shubh Nivesh Plan:

Shubh Nivesh is a financial savings plan which comes with the power of availing an add-on advantage of whole life insurance.

The benefits associated with this plan encompass coverage cover, Wealth creation and normal income inflow.

The plan gives the power to pick either a single premium charge or a ordinary premium paying mode.

The plan also allows the policyholder to select to acquire the Sum assured (primary) at regular intervals of five years, 10 years, 15 years or twenty years over a stipulated time period.

The coverage comes with the option to choose from the subsequent riders to boom the variety of protection below this plan:

  1. SBI Life - Preferred Term Rider.
  2. SBI Life - Accidental Death Benefit Rider.
  3. SBI Life - Accidental Total and Permanent Disability Benefit Rider.
Plan Name Entry Age Maturity Age Premium
SBI Life - Shubh Nivesh
  • Minimum: 18 years.
  • Maximum: 58 years for Regular Premium and 60 years for Single Premium.
  • Maximum 50 years for Endowment with Whole Life.
  • Maximum for SP and RP: 65 years.
  • Maximum for Endowment with Whole Life: 100 years.
Minimum:
  • Monthly Rs.500.
  • Quarterly Rs.1,500.
  • Half yearlyRs.3,000.
  • Yearly Rs.6,000.
For SP mode, Minimum: Depends on the minimum Sum Assured. Maximum: No limit for any of the options.
11. SBI Life-Saral Swadhan+

Saral Swadhan+ is a non-participating, individual term insurance plan that offers life coverage during the policy period, and the entire premium amount on maturity, provided he/she has paid a minimum of 3 annual premiums.

Benefits and Features of SBI Life - Saral Swadhan+ Plan:
  1. It is basically a simple plan which is the combination of insurance cum savings plan that can be availed at an affordable cost.
  2. The plan offers easy enrollment into the policy with a proposal form simplified for the masses
  3. .
  4. The plan also offers a maturity benefit of on surviving till the end of policy period. This benefit is equal to:
    • For policy term of 10 years: 100% of cumulative premium paid.
    • For policy term of 15 years: 115% of cumulative premium paid.
  5. In the unfortunate event of the death of the policyholder, the nominee gets a death benefit equal to the Sum Assured under the policy.
Plan Name Entry Age Maturity Age Premium
SBI Life - Saral Swadhan+
  • Minimum: 18 years.
  • Maximum: 55 years
  • Maximum : 28 years.
  • Maximum:70 years.
Minimum: Rs.1,500 p.a.
Maximum: Rs.5,000 p.a.
12. SBI Life- Flexi Smart Plus

This is a participating variable product that offers the policyholder the freedom to choose each their policy term and change their Sum assured. The policy gives period in-between bonus, normal bonus and terminal bonus, and is derived in two options - Gold and Platinum. This policy additionally allows partial withdrawal from the sixth year of the policy.

Benefits and functions of SBI life - Flexi Smart Plus

Interest rate for assured bonus: A minimum bonus at the track of 1.00% p.a. interest quotes is guaranteed with this plan for the complete time period.

Interest charge for interim bonus: SBI life broadcasts an interest rate for meantime bonus at the start of each economic year. This bonus is relevant on all the policies which might be set to exit in the course of the stated economic year

.

Interest price for ordinary Bonus: This plan additionally affords everyday bonus to the policyholder at price of interest claim by SBI life at the end of financial year.

Interest price for Terminal Bonus: Terminal bonus, if applicable, is credited to the coverage account of the policyholder whilst exiting the policy on maturity, surrendering the coverage or at the death of the policyholder.

This coverage is available in 2 alternatives: the Gold and the Platinum choice.

Partial withdrawals: This coverage allows its buyers to withdraw part of their finances to satisfy emergency liquidity requirement after the of entirety of five years of the coverage.

This plan also comes with the twin flexibility to trade both the Sum assured and the policy term as according to the convenience of the policyholder.

Plan Name Entry Age Maturity Age Premium
SBI Life - Flexi Smart Plus
  • Minimum: 18 years.
  • Maximum: 60 years
  • Maximum :23 years.
  • Maximum:65 years.
Maximum :
  • Yearly: Rs.50,000.
  • Half-yearly: Rs.30,000.
  • Quarterly: Rs.20,000.
  • Monthly: Rs.9,000.
Maximum:No Limit.

Why do you need SBI Life Savings Plans?

SBI Life Savings Plans provide for greater security for your investment by virtue of being provided by an institution that represents the largest nationalised banking service in the country. These plans come with a great number of options to choose from, whether it be the funds for investment, the Sum Assured, the premium payment terms and most other variables. Anyone, from the poorest of the poor or the well-earning can opt for one of these plans and enjoy the benefits of a financially safe future for their loved ones.

Things To Check Before Investment Planning

  1. Investment objective - Normally, people invest their funds with a single objective of getting returns. The time period to meet the desired result may vary from months to years.

  2. Recognize The Fund House- While you put money into a fund, you provide permission to the fund house to use your money on your behalf. The fund house will take care of your investments.

  3. Fund overall performance- The ultimate purpose is returns. Investors ought to look at returns given by means of the fund at some stage in intervals and compare them with the benchmark, commonly an index, and much more. For equity mutual finances, take a look at the long-time period (3-5years) performance, at the same time for debt funds observe returns over the short to medium time period.

  4. Charges-Those small prices may have a huge effect on returns in the long run. A difference of 0.50% in ordinary price over an extended duration of 10 years can make a huge distinction. However, many people don't have a look at the fund house's claim ratio before making an investment. People should check the same as well.

  5. Research On Fund Manager-It is critical to recognize the fund supervisor as well. One could do so via analysing the overall performance of price range managed by him, specifically all through periods when markets went through tough times.

  6. Claim Intimation And Settlement Process -At SBI Life, it is a commitment to offer a worry-free future so that you can enjoy your present. It makes every effort to ensure that you recieve the claim amount that you or your family are entitled to, quickly and easily.

FAQ's

1
What is Fund Value?

Fund Value is the total number of units under the funds and the corresponding NAVs.

2
What is Deferment Period?

It is the period between the date of subscription to an insurance-cum-pension policy and the date on which you receive the first installment of pension. Such policies generally prescribe a minimum and maximum limit on the deferment period.

3
Why should I buy endowment plan?
  • Combination of insurance and investments
  • Offers Survival and Death Benefits
  • Helps to build funds
  • Tax benefits.
4
Why should i buy money back plan?
  • Combination of insurance and investments
  • Payout at regular intervals
  • Offers Survival and Death Benefits
  • Helps to build funds
  • Provides coverage
  • Tax benefits
4
Who should you invest in life insurance?
  • If you are the single breadwinner or contribute financially to your family
  • If you have dependents
  • Single parent with a child
  • If want coverage and build corpus
  • If you are homeowner with a house loan
  • If you want funds after retirement

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