Sbi Life Smart Platina Plus

You have the option to choose between two income plans – Guaranteed Income and Life Income, based on your financial needs. With the Guaranteed Income Benefit, you can enjoy a fixed regular income during the chosen payout period. At maturity, you will receive 110% of the total premiums paid throughout the policy term. You also have flexibility in choosing the frequency of income benefit – yearly, half-yearly, quarterly or monthly. Additionally, there are various limited premium payment options available for 6, 7, 8 and 10 years. The plan also offers tax benefits as per prevailing norms under the Income Tax Act of India in effect at that time.

The tax benefits offered by Sbi Life Smart Platina Plus are in accordance with the Income Tax laws and may be modified periodically. It is advisable to seek advice from a tax consultant for more information on this matter.


During the duration of the policy, SBI Life Smart Platina Plus provides life insurance coverage to ensure the financial security of your family.


Select the duration for receiving payouts according to your personal objectives. You also have the flexibility to modify the frequency of income payments before the chosen payout period begins.


Offers a convenient application procedure for smooth and effortless issuance.


Assured fixed income for an extended period of time.

Maturity Benefit (For In-force policies):

If the policyholder survives until the end of the policy term, they will receive a refund of 110% of the total premiums paid for both Income Plan options.

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Survival Benefit (For In-force policies):

In the case of both Income Plan choices, a guaranteed income will be given to the policyholder during the payout period. The amount of this income will depend on the frequency at which it is paid out and will only be provided if the insured person is still alive.

In-force Policy Death Benefit: SBI Life Smart Platina Plus

The payout in case of death for the two income options is as mentioned below.

In the event of the life assured passing away during the policy term, a lump sum amount equivalent to the sum assured on death will be given to the nominee or legal heir. This payment marks the end of the policy.

The sum assured on death will be determined based on the higher value of the following options.

The Basic Sum Assured for SBI Life Smart Platina Plus can be calculated in three ways. It is either 11 times the annualized premium, or 105% of the total premiums paid until the date of death, or it is determined by multiplying the Annual Guaranteed Income with its corresponding Death Benefit Factor and adding it to the Maturity Benefit multiplied by its corresponding Death Benefit Factor.

The annualized premium refers to the amount of money that the policyholder needs to pay in a year for their insurance policy. This excludes any taxes, additional premiums due to underwriting, and any extra charges for choosing monthly or quarterly payment options.

The total amount of premiums paid or received refers to the overall sum of all the premiums that have been received, excluding any additional premium charges and taxes.

The age mentioned refers to the age of the person on their most recent birthday.

If the person whose life is being insured is under 18 years old, the start date of the policy and the start date of coverage will be the same. The parents or legal guardian can be the ones who take out the policy. This follows our approved rules for assessing risk. Once the minor reaches 18 years old, they will become the owner of the policy.

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What does the Platinum Plus plan entail?

PNB MetLife Smart Platinum Plus is a comprehensive insurance plan that combines life protection and savings features. This policy provides financial security to your family in the unfortunate event of your demise, ensuring they are protected during difficult times. Additionally, it offers various options tailored to meet your specific goals and objectives.

One of the key benefits of PNB MetLife Smart Platinum Plus is its whole life coverage. Unlike term insurance plans that provide coverage for a specific period, this policy ensures lifelong protection for you and your loved ones. This means that no matter when the unfortunate event occurs, your family will receive the necessary financial support.

Moreover, this plan also focuses on helping you achieve long-term savings goals. It offers specially designed alternatives that allow you to grow your wealth over time while providing adequate life cover simultaneously. These alternatives can be customized based on factors such as risk appetite, investment preferences, and future aspirations.

What is the benefit of SBI Life Smart Platina Plus?

Why Choose SBI Life – Smart Platina Plus?

When it comes to securing your future and protecting your loved ones, SBI Life – Smart Platina Plus is the ideal choice. This comprehensive life insurance plan offers a range of benefits that ensure financial stability for you and your family.

The Maturity Benefit provided by SBI Life – Smart Platina Plus serves as a valuable safety net, ensuring that all your hard-earned money is returned to you at maturity. This can be particularly beneficial if you have long-term financial goals or if you are planning for major expenses such as education or retirement.

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P.S: With SBI Life – Smart Platina Plus, not only do you secure yourself financially but also enjoy added rewards with its attractive Maturity Benefit feature. Invest in this plan today and reap the benefits tomorrow!

What does SBI Life 1 lakh policy entail?

Moreover, this life insurance plan from SBI Life Insurance Company Limited comes with additional benefits like tax savings under Section 80C of the Income Tax Act. Policyholders can avail tax deductions on premiums paid towards this plan up to Rs 1.5 lakh per year. This makes it not only a valuable investment but also an effective way to optimize tax planning strategies.

Furthermore, SBI Life Smart Platina Plus offers various rider options that allow policyholders to enhance their coverage further by adding critical illness cover or accidental death benefit riders at an additional cost. These riders provide extra financial protection against unforeseen circumstances and help mitigate any potential risks associated with health-related emergencies or accidents.

What is the lowest wage in SBI life insurance?

The minimum salary for an Associate at SBI Life Smart Platina Plus is ₹2.5 Lakhs per year, while for a Development Manager it is ₹3.1 Lakhs per year. The salaries vary based on the position and level of responsibility within the company.

SBI Life Smart Platina Plus offers various job positions with different salary levels to its employees. An Associate, who may be in an entry-level role, can expect a minimum annual salary of ₹2.5 Lakhs. This position typically involves supporting senior team members and assisting with day-to-day tasks.

On the other hand, a Development Manager at SBI Life Smart Platina Plus receives a higher minimum annual salary of ₹3.1 Lakhs per year. This role entails managing and overseeing projects, coordinating teams, and ensuring successful implementation of strategies.