SBI Smart Platina Assure

Overview

Don't save money to save. Save money to invest and fulfill your long-term goals.

SBI Life Smart Platina Assure gives your family the assurance to fulfill their dreams. It is an individual, non-participating, non-linked, life endowment assurance savings product that combines life cover with guaranteed returns. This plan not only covers your life but also provides savings that can be redeemed upon maturity. Its wide range of features ensures your hard-earned money yields benefits for you and your family.

SBI Life Smart Platina Plan offers a range of benefits including:

• Guaranteed Additions
• Flexible Premium Payment Options
• Convenience
• Loans on Policy
• Free-Look Period
• Revival of Lapsed Policy

How to Buy SBI Life Smart Platina Assure Plan Online via PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the 'Investment' tab.
3. A new page will appear.
4. Fill out the form with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), then proceed to pay.

Benefits of the SBI Smart Platina Assure Plan

There are various benefits to buying the SBI Smart Platina Assure Plan. Let's understand each of them in detail:

• Maturity Benefits: If the policyholder survives the policy term, they will receive the Guaranteed Sum Assured on maturity plus Accrued Guaranteed Additions, as applicable.
• Death Benefits: In the unfortunate event of the policyholder's death, the Sum Assured on Death along with accrued Guaranteed Additions will be paid to the nominee. This benefit will be 10 times the annualized premium or 105% of the total premiums paid up to the date of death, along with the guaranteed additions accumulated each year.
• Reduced Paid-Up Value: If you encounter financial difficulties and are unable to make further premium payments, you can convert your policy into a reduced paid-up insurance policy. This reduces your premium but guarantees a limited benefit.
• Tax Benefits: You can claim a deduction of up to Rs 1.5 lakhs on your total income under Section 80C of the Income Tax Act, 1961.

Free Look Period

If the policyholder is not satisfied with the plan's features and wishes to discontinue, they can cancel it within 30 days of receiving the documents.

Policy Loan

If an emergency arises and you require financial assistance, you can avail a loan against this plan once it acquires a surrender value.

Surrender Value

If you choose to surrender the plan within the initial 2 years, you will not receive any value back. However, if you surrender after paying premiums for 2 years, the policy will acquire a surrender value.

Revival

If you are unable to pay your premiums on time, even within the grace period, your policy will lapse. However, the plan allows you to revive the lapsed policy within 5 years.

How to Buy SBI Life Smart Platina Assure Plan Online via SBI Life Insurance

1. Visit the official website of SBI Life Insurance.
2. Hover over 'Investment Plans' from the top menu.
3. Click on the 'SBI Life Smart Platina Assure Plan'.
4. Click on ‘Buy Now’ and you will be redirected to a new page.
5. Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

Exclusions

• If the policyholder commits suicide within 12 months of policy purchase, no death benefits are offered to their family members. In such cases, either 80% of the premiums paid to date or the surrender value acquired to date, whichever is higher, will be paid.

Documents Required to Buy SBI Life Smart Platina Plan

Here is the list of documents required to buy the SBI Life Smart Platina Assure Plan:

• Photo ID Proof: Passport, Aadhaar card, PAN card, Driving License (any one of the following).
• Age Proof: Passport, Aadhaar card, PAN card, Driving License (any one of the following).
• Address Proof: Utility bill, passport, Voter ID, ration card (any one of the following).
• Medical Records: Medical records of the policyholder (if requested).
• Income Proof: Bank statement, last three months' salary slips (for salaried individuals) (any one of the following).

Plan at a Glance

In a Nutshell

If you are looking for an investment plan that offers guaranteed returns for you and your family, you should consider the SBI Life Smart Platina Assure Plan. This plan offers guaranteed benefits.

For more information about this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution.