6 Best Savings Plan From SBI Life

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SBI Life's savings plan helps individuals to prepare ahead,  as the saving plan is combined with life insurance cover. Low-risk investors can consider this option which will help them to save for a child's wedding or education, buying a house or that dream vacation along with insurance coverage.

Here are some of the plans catering different needs:

SBI Life - Smart Women Advantage

Smart Women Advantage is a participating individual traditional endowment plan along with added protection features which will help you with financial planning and offers you that security that you will value forever.

Working women and housewife who juggle between home and work, can find this plan helpful.

The plan offers a comprehensive insurance plan designed for females providing benefits of - Life Cover, Savings, Critical Illness (CI) benefit.

Individuals can avail tax benefits under Section 80 D, for premiums paid towards Health Benefit & 80C benefits under the base policy.

SBI- Smart Swadhan Plus

Smart Swadhan Plus, an individual non-linked non-participating term assurance with return of premium plan. The plan caters to meet your need of insurance, with the added advantage of getting your total basic premiums paid back on maturity.
The plan offers different premium payment option, according to your needs.
Best for the income earning member of the family as it gives life insurance coverage against any eventuality. In case of survival till maturity, returns and the total basic premiums paid under the policy are handed over.
Individuals can avail tax benefit under section 80C on your premiums paid, as well as Section 10(10D) benefit on the maturity amount.

SBI Life Smart Humsafar

Smart Humsafar is a joint life non-linked participating endowment plan. The plan comes with multiple benefits of savings and insurance cover for both husband and wife.

This is a best plan for couples, as it is a joint life insurance along with savings plan wherein you can take insurance cover for yourself and your spouse under a single policy.

Minimum bonus for first 3 years at 2.50% of the Basic Sum Assured if eligible.

It provides financial protection in the event of death of either or both the lives assured. It will pay maturity amount on survival of one or both the lives assured at the end of the policy term.

SBI Smart Money Planner

Smart Money Planner is an individual, non linked, with profit endowment assurance plan with added feature of guaranteed ash inflow at regular intervals tailored to suit your financial requirements.

It offers you financial support for fulfilling your long and short term goals, while providing you a life cover throughout the policy term without burdening you with premium payment for the entire policy term.

SBI Life- Flexi Smart Plus

Flexi Smart Plus is individual, participating, variable insurance product, which helps you in fulfilling your dreams.

It also gives you flexibility to adapt to your ever-changing needs, while assuring guaranteed benefits to take care of your savings.

A minimum bonus interest rate of 1.00% p.a. is guaranteed for the whole term. An Interim bonus interest rate will be declared at the beginning of each financial year which will apply to the policies existing during the financial year.

Partial withdrawals are allowed from the 6th policy year to cater to your liquidity needs.

SBI Life - Smart Guaranteed Savings Plan

Smart Guaranteed Savings Plan is a traditional non-participating individual savings plan that provides your savings a boost with guaranteed additions.

In addition, your family has total peace of mind as you have a protection of insurance cover. So while you enhance your good habit of saving, we reward you with loads of add on benefits. 

Eligible policyholders get guaranteed additions, at the end of each policy year, depending upon the installment premium amount chosen.

Premiums payments can be made for only limited period of 7 years and enjoy the benefits throughout the policy.

Read more about: sbi life, saving, insurance
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