Smart Platina Plus SBI Life Insurance

4.5

Paybima Rating

Policy Brochure

Policy Wording

Claim Form

For those who want to enjoy a little extra from their life insurance plans along with the income guaranteed under the plan should opt for the SBI Life Smart Platina Plus Policy. The Smart Platina Plus is a non-participating, non-linked individual savings life insurance plan, which is crafted for individuals who want the best of everything for their family, even if they are not around.

Highlights of Smart Platina Plus - SBI Life Insurance

Claim settlement Ratio - 98.39%

Tax Benefits - Available as per prevailing tax laws

Critical Illness Coverage - Available

Accidental death benefit - Available

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Pros & Cons Smart Platina Plus - SBI Life Insurance

With SBI Life Smart Platina Plus Plan, you can ensure the security of your family in terms of finance

The Smart Platina Plus plan comes with the option of two income plans that can be chosen as per your requirement namely, the Guaranteed Income and the Life Income

Further, if the policyholder outlives the plan till maturity, he/she can avail 110% of total premium as maturity benefit at the end of the policy

In addition, the Smart Platina Plus Plan allows the insured the flexibility to opt for the payout period as per the set goals of your life

The policy allows limited premium payment options at 7,8 and 10-years term

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SBI Life
Insurance Company

SBI Life Insurance, founded in the year 2000, is a leading life insurance conglomerate in India. The company was established as a collaborative scheme between State Bank of India (SBI) and a French Financial Institution called BNP Paribas Cardiff where SBI holds about 55.50% stake, while 0.22% stake is owned by the French company. Over the years, SBI Life insurance has been serving millions of people in India with its diverse insurance products on investments, savings, protection, health, pension and so on. With a claim settlement ratio of 93.09%, SBI Life is one of the most trusted insurers in the country.

Founded in

2000

Incurred Claim Ratio

78.73%

Turnover (GWP)

10,828.40 Crores

JV Partners

State Bank of India and BNP Paribas Cardif S. A.

Claims Experience

Claims Experience Rating 4.7

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

98.39%

% of Complaints received on overall claims
% customers unhappy with claims experience

Less

Partner Branches

143+

Benefits of Retire Smart Plus - SBI Life

Key Benefits
Death benefit	Death benefit paid if active.
Guaranteed income benefit	Guaranteed income during payout.
Tax Benefits	Subject to change.
Other Benefits
Maturity benefit	110% premiums refunded at maturity.
Survival Benefit	Guaranteed income upon survival.
Options Available
Plan Options	Income plan options selection

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Yes, SBI Life - Smart Platina Plus allows the investor to avail tax exemptions against the premiums paid against the plan.

No, loan facility is not available under the SBI Platina Plus Plan.

One can revive the SBI Platina Plus plan within 5 consecutive years from the date of its first unpaid premium payment.

SBI Life - Smart Platina Plus plan is a policy that allows guaranteed income during the Payout period along with receiving survival benefit for a year.

Age limit for SBI Platina Plus Plan is 30 Days to 60 Years.