SBI Life Guaranteed Income Plan: Know features and other key details of this life insurance savings plan 'Smart Platina Supreme'
Smart Platina Supreme offers customisable premium payment terms, policy durations, and income payout frequencies to align with individual's financial goals.
SBI Life Insurance's 'SBI Life - Smart Platina Supreme' is a life insurance savings plan that offers protection and guaranteed pay-outs. The newly launched plan provides a customisable life insurance plan along with guaranteed future income, which is predetermined by the consumer. Let's take a look at its features and other key details.
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What is SBI Life - Smart Platina Supreme?
It is a non-linked, non-participating life insurance savings plan that offers protection and guaranteed pay-outs.
Guaranteed returns
SBI Life Smart Platina Supreme fulfills consumer's need for assurance amidst increasing market volatility, by providing guaranteed income along with the safety of life cover.
Features of Smart Platina Supreme insurance plan
SBI Life - Smart Platina Supreme provides customisable features, such as flexible policy premium payment terms, policy term, pay-out period, level and increasing guaranteed income and a return of 110 per cent of total premiums paid at the end of the pay-out period.
Comprehensive coverage
The newly launched plan provides life insurance cover during policy term for financial protection of family.
Flexibility
The plan offers customisable premium payment terms, policy durations, and income payout frequencies to align with individual's financial goals.
Additional protection
There is an option to enhance protection through SBI Life - Accident Benefit Rider and an enhanced guaranteed income for higher premiums.
Maturity benefit
The plan provides a maturity benefit in the form of level or increasing guaranteed income pay-outs with an option to avail guaranteed income at the beginning or end of the chosen income frequency and return of 110 per cent of total premiums paid at the end of the pay-out period.
Future benefit
There is also an option to receive the discounted value of the future benefits (future guaranteed income and 110% of total premiums paid), in the form of lumpsum.
Death benefit
In case of the insured's untimely demise during the policy term, death benefit will be paid to support the nominee or family.
Who should opt this plan?
The plan is a valuable financial solution for a child's education, a secure retirement or simply building a financial cushion for life's uncertainties.