SBI Smart Bachat
- Know All About SBI Life Smart Bachat
- Explore the Key Features & Benefits
- Understand the Exclusions
Save yourself and your family from the rising inflation with SBI Life Smart Bachat. It is important to plan for future savings and expenses wisely while considering the present inflation rate. And what could be better than investing in a plan that helps you save enough to fulfill your long-term financial goals? 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 i.e. Endowment plan and Endowment plan with Accidental Death and Total Permanent Disability Benefit. The plan comes out with the Limited Premium Paying Term (LPPT) option, designed to keep the obligation of paying the premium over a long tenure at bay.
SBI Life Smart Bachat Plan offers you a range of benefits including:
Minimum Age - 3 years Maximum Age - 50 years
Maximum Maturity Age - 65 years
Minimum term - 15 years Maximum term - 30 years
7/10/15 years
Annual, half-yearly, quarterly & monthly
Rs 2 lakh to No limit
Let's understand how the SBI Life Smart Bachat Plan works with a simple premium illustration.
Mr. Verma is looking for an investment plan to create long-term wealth.
His financial advisor advised him to buy the SBI Smart Bachat Plan. He visited PolicyX.com
Let's understand how the SBI Smart Bachat Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premiums | PPT | Policy tenure | Sum Assured | Maturity Benefits |
| 30 years | Rs 57,405 | 6 years | 20 years | Rs 5,00,000 | Rs 5,80,500 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 5,80,500 are paid to the policyholder.
Here are some features of SBI Smart Bachat:
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Here is the list of documents required to buy the SBI Smart Bachat Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the SBI Smart Bachat official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of SBI Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'SBI Life Smart Bachat Plan'.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the SBI Life Smart Bachat Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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