SBI Life Insurance has launched the SBI Life – Smart Platina Supreme, a non-linked, non-participating life insurance savings plan. The plan combines life coverage with guaranteed pay-outs, catering to the increasing demand for financial products offering future income certainty.

The Smart Platina Supreme offers flexibility in premium payment terms, policy durations, and income payout frequencies.

It provides guaranteed income, which is predetermined by the policyholder, and ensures a return of 110% of total premiums paid at the end of the payout period.

The plan aims to provide long-term financial stability and act as a safety net for individuals and families.

The product is designed to suit a wide range of financial needs across different age groups. It offers enhanced guaranteed income for higher premium amounts and includes options for additional protection through the SBI Life – Accident Benefit Rider.

Key features of SBI Life – Smart Platina Supreme:

Comprehensive coverage: Provides life insurance cover throughout the policy term

Flexibility: Customisable premium payments, policy terms, and payout frequencies

Additional protection: Option to add the SBI Life – Accident Benefit Rider

Enhanced guaranteed income: Available for higher premiums

Maturity benefit: Guaranteed income pay-outs and 110% return of premiums at the end of the payout period, with an option for lumpsum payment

Death benefit: Provides financial support to the nominee in case of the insured’s death during the policy term