Are you searching for the BEST LIFE INSURANCE SBI policy in India-2022 which creates wealth and long-term insurance coverage? if yes you are in the right place.
step by step details on this page on how it helps you achieve your financial goal in the future, as well as you, are covering long-term insurance coverage.
After getting all details from this article, you are able to decide if this policy is suitable for your Financial Goal or different!
If you have any doubt or any clarification, contact us
I am DATTATREYA, working as an insurance advisor with 18 years of experience in the industry.
I am an insurance man,
A financial advisor,
My knowledge and training uniquely qualify me to help you plan for your Familie”s financial security.
I have secured the future of Thousand of Families.
I can also secure the future of thousands of families.
But only if they know that the future is not secure.
WHY INVESTMENT IN INSURANCE
Let me start.
What is the benefit of SBI Life Insurance?-smart platina plus.
It is an individual, Non-Linked, non-participating, Life insurance traditional plan.
It gives you a promise to ‘enjoy a little extra with Regular Guaranteed Income”
Regular income at payout period.
The flexibility that suits your financial goal.
It gives financial protection to your family with tax benefits.
Key features-smart platin plus policy.
1. Life insurance sbi, Sum assured coverage gives you to protect your family with unforeseen events Like natural death, Accidental death.
2. Choice of two-income plan options to suit your financial requirements. Guaranteed income plan and life income plan.
3. Guaranteed income payout option gives you regular income during the payout period.
4. Flexibility to choose the payout period which suits your life goal.
5. Flexibility choice of the frequency of income payout options. yearly, half-yearly, quarterly, or monthly.
6. Limited premium payment options, 7,8, and 10 years.
7. Enjoy the Tax Benefit as per the Income-tax Act of 1961.
SBI LIFE INSURANCE- SMART PLATINA PLUS -HOW DOES IT WORK?
smart Platina plus life insurance plan is an individual, Non-Linked, Non Participating savings plan.
- First, you choose your Annualised premium and choose Premium payment frequency.
- Next, choose your premium payment term. choose your payout period. policy term would be premium payment period+one-year holiday+payout period.
For example, if your premium payment period is 10 years, and your payout period is 15 years, then the total policy term is 26 years.
- Choose the frequency of your receiving guaranteed income payout period.
Sbi life-smart Platina plus provides Guaranteed Income during the payout period. offers you two types of income options.
- Life Income-Once you opt for the frequency of payout period at the time of inception, you can not change this option later.
The guaranteed income option-You will receive the Guaranteed income during the payout period. But you can change the option at a later stage. 9 months before the expiry of the premium payment term you can change the Payout frequency. [payment frequency is yearly, Half-Yearly, quarterly, and Monthly.]
The above options Life cover throughout the policy period.
|Premium payment term||payout period.||policy term
[Premium Payment term+1 year+Payout period]
|7 years||15/20/25/30 years||23/28/33/38 years|
|8 years||15/20/25/30 years||24/29/34/39 years|
|10years||15/20/25 years||26/31/36 years.|
ILLUSTRATION OF INCOME OPTION.
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Performance illustration- If you invest 500000 per annualized premium, your payout for 15 -,20, and 25 years approx as below. The payout amount depends upon your age factor.
WHAT BENEFITS DID YOU GET FROM SBI LIFE INSURANCE SMART PLATINA PLUS POLICY?
- MATURITY BENEFIT-In both income options you will get a maturity amount that is 110% more than the premium paid by you at the end of the policy term.
- SURVIVAL BENEFIT-In both income options [Life income or Guaranteed Income option] Guaranteed income paid during the payout period, to the Survival Sum Assured which is mentioned in the policy. Guaranteed income payout is subject to your selected payout Frequency.
- DEATH BENEFITS- Death benefits are different in both options.
- LIFE INCOME-If sum assured death during the policy term, the sum assured is payable to the Nominee or Legal heir of the policyholder and the policy will be terminated.
- GUARANTEED INCOME-TWO TYPES.
The death benefit is payable before the commencement of payout and After the commencement of the payout.
Lumpsum is payable if the sum assured death before the commencement of the payout.
The lump sum payable at the time of the death of the Sum Assured to his/her nominee or Legel heir and Future payout is continued to Sum Assured nominee or legal heir in the case of Death after the commencement of payout.
Eligibility criteria of smart platina plus insurance plan.
|PREMIUM PAYMENT TERM||PAYOUT PERIOD||POLICY TERM||MINIMUM AGE AT ENTRY||MAXIMUM AGE AT ENTRY||MAXIMUM AGE AT MATURITY.|
|MINIMUM ANNUALISED PREMIUM||100000-00
|MAXIMUM ANNUALISED PREMIUM||NO LIMIT|
|BASIC SUM ASSURED
11* ANNUALISED PREMIUM.
MAXIMUM NO LIMIT
- It is a Non-Linked policy
- Guaranteed income.
- Death benefits are given both the Lime income option and the Guaranteed income option.
- Flexibility in choosing the premium payment option.
- The surrender option is available after the free-looking period.
- Flexibility in choosing payout period and choosing payout frequency mode.
- Flexibility to choosing premium payment frequency option.
- Life cover till the end of the policy term.
- It is Non Linked policy. The maturity amount and payout amount are fixed. so not able to meet the inflation.
- you can get the loan or surrender the policy only after completion of the 2 years of the policy.
ARE YOU READY TO HAVE THE BEST LIFE INSURANCE SBI POLICY -2022-SMART PLATINA PLUS PLAN?
If yes why do you wait yourneedshub.com is always in insurance and investment- services.
I am an IRDA Licence holder, if you want to have the policy following are required Documents.
- YOUR PAN CARD.
- YOUR AADHAR CARD.
- YOUR BANK DETAILS /CANCELED CHEQUE.
- YOUR RECENT PASSPORT SIZE PHOTO.
- IF YOU WANT TO INVEST IN YOUR KID’S NAME, KID’S DETAILS.
- NOMINEE DETAILS.
- YOUR INCOME PROOF, IF YOUR SUM ASSURED ABOVE 2000000, IF YOU ARE A SALARIED PERSON AT LEAST 3 MONTH SALARY SLIP OR AT LEAST 3 YEARS IT RETURNS FILE. FOR ANY OTHER PROFESSION OR BUSINESSMAN AT LEAST 3 YEARS IT RETURNS DETAILS.
Is any doubts or clarification, please contact us
NO INTEREST IN SMART PLATINA PLUS.
If you are NOT INTERESTED IN LIFE INSURANCE SBI-PLATINA PLUS, want to Different policy from sbi life policy I can provide you.
or if you want other than life insurance sbi [different companies’ life insurance policies including LIC or hdfc, icici pru life ex… within India companies] It may ULIP, TERM INSURANCE, ENDOWMENT, MONEYBACK OR CHILD POLICY ANYONE, I can provide you.
If you are NRI you can also invest in life insurance policies in India, many Life insurance companies in India offer insurance to foreign nationals to buy insurance in India by submitting proper documents.
or if you want any company Health Insurance within India, I can provide you
If you want to invest in mutual funds, also I can provide you.
If you are interested sbilife smart platina plus plan, fill out the below form for Discuss with the one of experts.
If you want both insurance and investment it is the best life insurance sbi policy-2022-smart platina plus plan. You can opt for it. If anybody asks me, which policy is the best life insurance without market-linked, I will recommend them sbi life smart-platina-plus as an Insurance Advisor.
The returns are equal to Bank FD or higher than that.
You will get Guaranteed income at the time of the payout period. It is not variable.
You can consider it for an investment plan, Limited term insurance plan, or child education plan.
If you heavy investor, this plan may reach your financial goal.
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