SBI Life Smart Flexi Term Plus
- Offers Surrender Benefit
- Tax Benefits Available
- 100% Guaranteed Returns
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Updated on Jul 08, 2025 4 min read
SBI Life Flexi Smart Plus is a non-linked life insurance plan This plan offers the required comprehensive life insurance cover along with investment opportunities. It is a participating variable insurance plan that allows the beneficiary to receive the sum assured or 105% of total premiums paid as of the date of intimation of death claim in the form of death benefits.
This plan comes out with regular and guaranteed benefits along with few other advantages such as bonus interest rates, premium holidays, etc. It also offers the flexibility to adapt to your ever-changing needs, thus, it helps to accomplish all your goals.
This plan offers you various benefits including:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 65 years
Minimum 5 years to Maximum 30 years
Annual, half-yearly, quarterly & monthly
Annual, half-yearly, quarterly & monthly
10 times annual premium
Let’s understand how the SBI Life Flexi Smart Plus Plan works with the help of a simple illustration.
Mr. Verma is looking for a savings plan that provides him guaranteed returns along with a return on the amount he has invested.
His financial advisor advised him to buy the SBI Life Flexi Smart Plus Plan to get the dual benefits of a life insurance plan and a savings plan. He visited PolicyX.com
Let's understand how the SBI Life Flexi Smart Plus Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Basic sum assured | Guaranteed additions | Maturity benefits |
| 40 years | Rs. 5,000 | 15 years | 10 years | Rs 50,000 | Rs 50,000 | Rs 39,400 | Rs 89,400 |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.
Here are some features of SBI Life Smart Flexi Term Plus:
SBI Life Flexi Smart Plus is a non-linked life insurance plan This plan offers the required comprehensive life insurance cover along with...
Unique Features
Here is the list of documents required to buy the SBI Life Flexi Smart Plus Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the SBI Life Smart Flexi Term Plus 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 Company.
Hover over the ‘Plans’ and click on ‘Saving Plans’.
Click on ‘Online Plans’ and choose 'Exclusions of SBI Life Flexi Smart Plus Plan'.
Click on ‘Know More’ 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 Flexi Smart Plus offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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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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