SBI Investment Plans

What are SBI Investment Plans

SBI Investment Plans cater to the investment needs of a diverse range of investors, including those with a low risk appetite who are looking for stable returns, as well as those with a higher risk tolerance who are willing to take on greater risk in the pursuit of higher returns. These plans offer a wide range of investment options, each with its own unique features and benefits.

Whether you are an experienced investor or just starting out, SBI Investment Plans provide you with the opportunity to build a diversified investment portfolio that aligns with your financial goals and risk profile.

Comparison Between

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

7.5% ^(TAX-FREE)

Returns After Tax

7.5%

Guaranteed Returns

Yes

Life Cover

Yes

Tax on Profit

Tax Free*

Risk

No Risk

Still Better than FD’s and Debt Mutual Fund

Fixed Deposits

Returns Before Tax

7% ^(TAXABLE)

Returns After Tax

4.8%

Guaranteed Returns

Yes

Life Cover

No

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

No

Life Cover

No

Tax on Profit

Taxable

Risk

High Risk

VIEW PLANS

*For annual premium upto ₹5 Lacs

SBI Investment Plans

SBI Life Insurance Company offers various types of Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits.

1. SBI Smart Humsafar 

   A traditional joint life endowment plan with the following features:

   • The husband and wife can be covered under a single policy

   • Guaranteed bonuses @ 2.50% of the Sum Assured in the first 3 years of the plan

   • On maturity of both the lives the Sum Assured including simple reversionary bonus and terminal bonus, if any, is paid

   • On death of either of the husband or wife higher of the basic Sum Assured or 10/7 times the annual premium or 105% of the total premiums paid till death is paid. Furthermore, all future premiums are waived off and the plan continues

   • In the event of the second death, higher of the basic Sum Assured or 10/7 times the annual premium or 105% of the total premiums paid till death is paid

   • SBI Life Accidental Death Benefit Rider can be availed which promises an additional amount in case of accidental death

   • Rebates are allowed in premium for choosing higher Sum Assured levels of Rs.3 lakhs and above

   • The premiums paid in this SBI Investment Plan are exempt from taxation under Section 80C of the Income Tax Act and the claim received is exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details

   	Minimum	Maximum
   Entry Age	18 years	46 years
   Maturity Age	-	65 years
   Policy Term	10 years	30 years
   Sum Assured	Rs.1 lakh	Rs.5 crores
   Annual Premium Amount	Rs.6000	No limit
   Premium Payment Term	Equal to policy term
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

2. SBI Life Smart Money Planner 

   This SBI Investment Plan has the following features:

   • The plan has a concept of Growth Period and Benefit Period which depends on the Premium paying term of the plan

   • The Growth Period starts after the Premium paying term which is limited

   • The Benefit Period starts after the completion of the Growth Period and during this period a fixed percentage of the Sum Assured is paid to the policyholder.

   • In case of death, the Sum Assured on death along with the vested simple bonus and terminal bonus if any is payable

   • The Sum Assured on death is higher of the basic Sum Assured or the final benefit instalment payable at maturity or 10/7 times the annual premium or 1.25/1.10 times the single premium paid or 105% of all premiums paid till death

   • On maturity, the final instalment of the benefit amount and the vested simple bonus and terminal bonus if any is payable

   • Rebates are allowed in premium for choosing higher Sum Assured levels of Rs.3 lakhs and above

   • The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details

   	Minimum	Maximum
   Entry Age	18 years	60 years
   Maturity Age	-	75 years
   Policy Term	15 years	25 years
   Sum Assured	Rs.1 lakh	Rs.5 crores
   Premium Payment Term	6 or 10 years
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

3. SBI CSC Sarai Sanchay 

   A traditional variable insurance plan with the following features:

   • Guaranteed interest @1% is paid in every year of the plan

   • The premium paid is invested in a policy account net of allocation charges

   • Additional interest rate @4% of the policy account is credited in each quarter during the first 5 years and thereafter the rate becomes 0.5%

   • On death, higher of the policy fund account or Sum Assured including any top-up increments, total premiums paid including top-up premiums compounded @1% or 105% of all total premiums paid is payable

   • On maturity, higher of the policy account balance or total premiums paid including top-up premiums compounded @1% is payable

   • Partial withdrawals can be made from the policy account after first 5 policy years

   • Top-up premiums can be payable

   • The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details

   	Minimum	Maximum
   Entry Age	18 years	60 years
   Maturity Age	-	70 years
   Policy Term	10 years	15 years
   Sum Assured	7 / 10 times the annual premium
   Annual Premium Amount	Rs.2400	Rs.20, 000
   Premium Payment Term	6 or 10 years
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

4. SBI Life Smart Income Protect 

   A participating savings plan which promises regular annual payouts. 

   This SBI Investment Plan has the following features:

   • On maturity, the vested reversionary bonus and terminal bonus, if any is paid and regular annual payouts @11% of the Sum Assured is paid for 15 years

   • The policyholder can choose to take a lump sum amount on maturity wherein 110% of the Sum Assured and vested reversionary bonus and terminal bonus, if any is paid

   • On death during the payout period post maturity, the payouts continue without any effect

   • On death before maturity, during the term, higher of the Sum Assured including the vested reversionary bonus and terminal bonus or 105% of all premiums paid till death is paid

   • Rebates in premium for choosing higher Sum Assured levels of Rs.2 lakhs and above

   • SBI Life - Accidental Death Benefit (ADB) Rider, SBI Life - Accidental Total and Permanent Disability (ATPD) Benefit Rider, SBI Life Criti-Care 13 Non- Linked Rider and SBI Life – Preferred Term Rider are available under theplan

   • The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details

   	Minimum	Maximum
   Entry Age	8 years	58 years
   Maturity Age	18 years	65 years
   Policy Term	7, 12 or 15 years
   Sum Assured	Rs.1 lakh	No limit
   Premium Payment Term	Equal to policy term
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

5. SBI Life Smart Guaranteed Savings Plan 

   This SBI Investment Plan has the following features:

   • Guaranteed Additions @ 5.5% or 6% of the cumulative premiums paid are paid from the end of the first policy year

   • On maturity, the Sum Assured along with the cumulative Guaranteed Additions are paid

   • On death, higher of the Sum Assured along with the cumulative Guaranteed Additions or 105% of all premiums paid till death is paid

   • Loan is available under the plan up to a maximum of 90% of the Surrender Value

   • The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details

   	Minimum	Maximum
   Entry Age	18 years	50 years
   Maturity Age	-	65 years
   Policy Term	15 years
   Sum Assured	Depends on the premium
   Annual Premium Amount	Rs.15, 000	Rs.75, 000
   Premium Payment Term	7 years
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

6. SBI Life Smart Money Back Gold 

   This SBI Investment Plan is a money back plan with the following features:

   • The SBI Investment Plan has 4 options of availing money back benefits wherein the total money back benefits paid is 110% of the Sum Assured

   • On maturity, the last instalment of the money back benefit and the vested reversionary bonus and terminal bonus, if any is paid

   • On death, higher of 7/10 times the annual premium paid along with the cumulative Guaranteed Additions or 105% of all premiums paid till death is paid

   • Rebates in premium for choosing higher Sum Assured levels of Rs.2 lakhs and above

   • SBI Life - Accidental Death Benefit (ADB) Rider, SBI Life - Accidental Total and Permanent Disability (ATPD) Benefit Rider, SBI Life Criti-Care 13 Non- Linked Rider and SBI Life – Preferred Term Rider are available under theplan

   • The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details

   	Minimum	Maximum
   Entry Age	14 years	55 years
   Maturity Age	27 years	70 years
   Policy Term	12, 15, 20 or 25 years
   Sum Assured	Rs.75, 000	No limit
   Annual Premium Amount	Rs.4500	No limit
   Premium Payment Term	Equal to policy term
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

7. SBI Life Shubh Nivesh

   This SBI Investment Plan is a participating endowment plan with following features:

   • The plan has 3 coverage options of Endowment option, Endowment with Whole life option and Deferred Maturity Payment option

   • Under the first option, the Sum Assured and the vested bonuses is paid on maturity

   • Under the second option, the plan can be extended to cover the insured till 100 years. On maturity, the Sum Assured is paid and the plan continues. On death any time before reaching 100 years, the Sum Assured is again paid. If the insured reaches 100 years of age, the Sum Assured is again paid

   • Under the third option, post maturity, regular payouts can be received over 5, 10, 15 or 20 years post maturity

   • On death, the discounted vale of the remaining payouts is paid

   • Rebates in premium for choosing higher Sum Assured levels of Rs.1.5 lakhs and above

   • SBI Life - Accidental Death Benefit (ADB) Rider, SBI Life - Accidental Total and Permanent Disability (ATPD) Benefit Rider, and SBI Life – Preferred Term Rider are available under theplan

   • The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details of SBI Subh Nivesh

   	Minimum	Maximum
   Entry Age	18 years	60 years
   Maturity Age	-	65 or 100 years
   Policy Term	5 years	30 years
   Sum Assured	Rs.75, 000	No limit
   Annual Premium Amount	Rs.6000	No limit
   Premium Payment Term	Equal to policy term or Single Pay
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

8. SBI Life Flexi Smart + 

   This SBI Investment Plan is a variable insurance plan with following features:

   • The plan has two protection options of Gold & Platinum

   • A guaranteed bonus of 1% is paid along with regular bonus, interim bonus and terminal bonus, if any

   • The premiums paid net of charges are invested in the policy account

   • On maturity, the pokily account value is paid

   • On death, under the Gold Option, higher of the policy account balance or Sum Assured or 105% of all premiums paid till death is payable

   • Under the Platinum option, on death, higher of the policy account balance + the Sum Assured or 105% of all premiums paid is payable

   • One free partial withdrawal is allowed every year from the 6thn year onwards

   • The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

   Eligibility Details

   	Minimum	Maximum
   Entry Age	18 years	60 years
   Maturity Age	23 years	65 years
   Policy Term	5 years	30 years
   Sum Assured	Higher of 10/7 times the annual premium or 0.5/0.25*term*annual premium	20 times the annual premium
   Annual Premium Amount	Rs.50, 000	No limit
   Premium Payment Term	Equal to policy term or Single Pay
   Premium Payment Frequency	Yearly, half-yearly, quarterly, monthly

Benefits of SBI Investment Plans 

State Bank of India (SBI) is one of the most trusted and largest public sector banks in India. The bank offers a wide range of investment plans that cater to the diverse investment needs of individuals.

Here some of the key benefits of SBI Investment Plans.

• Diversification: SBI Investment Plans offer a wide range of investment options that cater to the diverse investment needs of individuals. These plans allow you to diversify your portfolio across various asset classes such as equity, debt, and hybrid instruments. By investing in multiple asset classes, you can reduce your overall risk and improve your chances of generating consistent returns.

• Flexibility: SBI Investment Plans offer flexibility in terms of investment amount, investment tenure, and investment options. You can choose the investment option that best suits your investment objectives, risk profile, and investment horizon. 

• Tax Benefits: Some of the SBI Investment Plans offer tax benefits under Section 80C of the Income Tax Act. By investing in these SBI Investment Plans, you can not only grow your wealth but also save on taxes. This makes SBI Investment Plans a great investment option for individuals looking to save taxes while generating good returns.

• Convenience: SBI Investment Plans offer the convenience of online investing. You can invest in these plans from the comfort of your home or office using SBI's online banking platform. This saves you time and effort, and allows you to manage your investments easily.

• Low Cost: SBI Investment Plans offer a low cost of investment. The charges associated with these plans are minimal, which means that you get to keep a higher portion of your returns. This makes SBI Investment Plans a cost-effective investment option for individuals looking to generate good returns without incurring high costs.

Applying for SBI Investment Plans from the company

1. Online

   The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

2. Intermediaries

   Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

SBI Life Traditional Plans - FAQ