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Overview
Your family depends on you. Provide them with the life you've dreamt of. With SBI Life Smart Money Back Gold, invest your money and get higher returns in the future.
SBI Life Smart Money Back Gold is a non-linked, participating life insurance savings plan. It offers life cover and cash inflows at regular intervals to deal with your financial requirements at important stages of life. With this policy, you can plan for all the special moments of your life, be it a wedding, having kids, their education, and much more. The plan offers a wide range of features that safeguard your family and meet financial needs at the same time.
SBI Smart Money Back Gold Plan offers a range of benefits including:
- Three Money-back Options
- Regular Payout
- Cash Inflows
- Discount on High Sum Assured
- Survival Benefits
- Maturity Benefits
How to Buy SBI Smart Money Back Gold Plan Online via PolicyX.com
- Visit the PolicyX.com website.
- 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.
Benefits of SBI Smart Money Back Gold
There are various benefits to buying the SBI Smart Money Back Gold Plan. Let's understand each of them in detail:
- Regular Payout: The plan offers a regular payout of 15% of the basic sum assured. It provides the flexibility to choose the policy term and the payout frequency.
- Renewability: In case of a lapsed policy, it can be reinstated to full coverage within 5 years from the due date of the first unpaid premium. All outstanding premiums, along with extra premiums and rider premiums, must be paid, and a written request for revival submitted to the insurance company.
- Discount: The plan offers an attractive discount on opting for a high sum assured.
- Tax Benefits: You can claim a deduction of up to ₹1.5 lakhs on your total income under Section 80C of the Income Tax Act, 1961.
Three Money-back Options
The plan offers three money-back options to assist the insured with different requirements at various stages of life.
Policy Loan Facility
If you need financial support in case of any emergency, the plan will allow you to avail a loan equivalent to 90% of the surrender value.
Convenience
It offers the flexibility to choose the premium payment term: single, regular, or limited.
Surrender Value
The plan will offer a paid-up and/or surrender value only if premiums (for regular/limited premium options) have been paid for at least 2 consecutive years.
How to Buy SBI Smart Money Back Gold Plan Offline
- Visit the official website of SBI Life Insurance.
- Hover over the 'Investment Plans' from the top of the menu.
- Click on the 'SBI Smart Money Back 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.
Exclusions
- In case the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, is paid.
Documents Required to Buy SBI Smart Money Back Plan
Here is the list of documents required to buy the SBI Smart Money Back Plan:
- Photo ID Proof
- Age Proof
- Address Proof
- Medical Records
- Income Proof
Photo ID Proof
Photo ID Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving License.
Age Proof
Age Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving License.
Address Proof
Address Proof (any one of the following) - Utility Bill, Passport, Voter ID, Ration Card.
Medical Records
Medical records of the policyholder (if requested).
Income Proof
Income Proof (any one of the following) - Bank Statement, last three months' salary slips (for salaried individuals).
Plan at a Glance
| What's Good Here | What's Missing |
|---|---|
| Maturity Benefits | Premium Offset |
| Death Benefits | High Sum Assured Rebate |
| Policy Loan Facility | Auto Cover Continuance |
| Survival Benefit | Top-up Premium |
In a Nutshell
If you are looking for an investment plan that offers guaranteed returns for you and your family, consider the SBI Smart Money Back Gold Plan, which offers guaranteed benefits.
For more information about this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts can help you find the best solution for your unique needs.
