SBI Life - Smart Platina Assure - One Pager - V05

Why SBI Life – Smart Platina Assure?
Fulfil your aspiration to accomplish your dream and achieve your goals independently, while making sure that your loved ones are
protected. With SBI Life - Smart Platina Assure, a guaranteed return savings plan that provides life cover for your family and helps
to achieve your desired goals in life.
• Protection: Life cover throughout the policy term
• Guaranteed Additions: Enjoy Guaranteed Additions^ of 5.75% or 6.25% at the end of each policy year
• Limited Premium Payment Term: Pay for just 7 or 10 years and enjoy the benefit throughout the policy term of 15 or 20 years
respectively.
• Tax benefits*: Get tax benefits as per the prevailing norms under the Income Tax Act, 1961
*Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for further details
^Guaranteed Additions
Guaranteed additions are added at a rate on the sum of the annualized premiums^^ paid till date, at the end of each policy year
for in-force policies.
Guaranteed addition amount = Rate of Guaranteed additions X cumulative premiums paid excluding applicable taxes, underwriting
extra premiums and loading for the modal premium.
The Guaranteed Additions will be 5.75% for annualized premium less than `1,00,000 and 6.25% for annualized premium of
` 1,00,000 and above.
Illustration
Mr. Malik aged 40 years, has chosen an annualized premium of `1,00,000^^ p.a. for Premium Payment Term of 7 years and 15 years
Policy Term. His Basic Sum Assured is `8, 40,000.
Pay
`1,00,000 p.a.
Total premium paid `7,00,000 during the premium paying term of 7 years.
Get
Benefit Summary
Basic Sum Assured `8,40,000

Guaranteed Additions `5,25,000
Maturity Benefit `13,65,000
(Basic Sum Assured + Guaranteed Additions)
^Ânnualized premium shall be premium payable in a year chosen by the policyholder, excluding applicable taxes, underwriting extra premiums and loadings for
modal premiums, if any.
Note: Above illustration is for a healthy male life assured and assumes all due premium until maturity are paid. The Benefits might vary depending upon the age
and annualized premium.
In case of unfortunate event of death of Mr. Malik, the nominee will get `10, 00,000 + Accrued Guaranteed Additions, if any, as Death Benefit
Smart Platina
Assure Apne liye. Apno ke liye.
UIN: 111N126V05
Plan at a Glance
Age** at Entry Minimum: 30 days Maximum: 60 years

If the life assured is minor, date of
commencement of policy and date of
commencement of risk shall be same and the
policyholder/proposer can be parents or legal
guardian. This shall be as per our Board
approved underwriting policy.
Maximum Age** at Maturity 75 years
Policy Term 15 & 20 years

Note: If the life assured is minor, the policy term should be appropriately chosen so as to
ensure that life assured will be at least 18 years (last birthday) as on the maturity date.
Premium Payment Term (PPT) 7 years for policy term of 15 years

10 years for policy term of 20 years
Premium Frequency Yearly / Monthly

The monthly premium for monthly mode as percentage of annualized
premium is 8.50% of annualized premium.
Annualized Premium^^ Minimum: `50,000 Maximum: No limit

(in multiples of `1,000) (subject to Board approved underwriting policy)
Basic Sum Assured (BSA) Minimum: `3,15,000 Maximum: No limit

(subject to Board approved underwriting policy)
BSA = Maturity factor X PPT X Annualized Premium

Where, the Maturity Factor would be based on the Age at entry and Premium
Payment Term, which is as given below:
Premium Payment Term

Age at Entry** (years)
7 years 10 years
0 to 17 120% 145%
18 to 40 120% 145%
41 to 50 110% 135%
51 to 55 100% 125%
56 to 60 90% NA
**All the references to age are age as on last birthday

^Ânnualized premium shall be premium payable in a year chosen by the policyholder, excluding applicable taxes underwriting
extra premiums and loadings for modal premiums, if any.
Prohibition of Rebates
Section 41 of Insurance Act 1938, as amended from time to time, states:

a) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or
continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the
commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continu-
ing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectus or tables of
the insurer
b) Any person making default in complying with the provisions of this section, shall be liable for a penalty which may extend to
ten lakh rupees.
(Customer Service timing : 24X7)
SBI Life - Smart Platina Assure is an Individual, Non-linked, Non-participating, Life Endowment Assurance Savings product
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are
requested to lodge a police complaint.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Trade logo displayed above belongs to State Bank
of India and is used by SBI Life under license. SBI Life Insurance Company Limited. Registered and Corporate Office: Natraj, M V Road & Western Express Highway
Junction, Andheri (East), Mumbai - 400 069. IRDAI Regn. No. 111 | CIN L99999MH2000PLC129113
2K/ver2/09/23/SP/ENG

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Why SBI Life – Smart Platina Assure?

Basic Sum Assured `8,40,000

Age** at Entry Minimum: 30 days Maximum: 60 years

Maximum Age** at Maturity 75 years

Policy Term 15 & 20 years

Premium Payment Term (PPT) 7 years for policy term of 15 years

Premium Frequency Yearly / Monthly

Annualized Premium^^ Minimum: `50,000 Maximum: No limit

Basic Sum Assured (BSA) Minimum: `3,15,000 Maximum: No limit

BSA = Maturity factor X PPT X Annualized Premium

Premium Payment Term

**All the references to age are age as on last birthday

Section 41 of Insurance Act 1938, as amended from time to time, states:

(Customer Service timing : 24X7)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS

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