SBI Life Smart Money Back Gold is a participating Money Back Plan which provides lump sum amount at regular intervals thereby meeting cash requirements at various stages of life. It also provides comprehensive coverage for protection purposes
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
Options 1 & 2 – 15 years Options 3 & 4 – 14 years |
Options 1 & 2 – 55 years Option 3 – 50 years Option 4 – 45 years |
Maturity Age (Last Birthday) |
27 years |
70 years |
Policy Term (PT) in years |
12 / 15 / 20 / 25 years under options 1,2,3 & 4 respectively |
|
Premium Paying Term (PPT) in years |
Equal to policy term |
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
Premium |
Yearly – 4500 Half-yearly – 2400 Quarterly – 1200 Monthly - 400 |
No limit |
Sum Assured |
75,000 |
No limit |
Annual premium in Rupees for a male aged 30 years
Plan Options |
Option 1 |
Option 2 |
Policy term |
12 years |
15 years |
Premium |
53,325 |
42,815 |
Sum Assured |
500,000 |
500,000 |
Survival Benefits |
20% at the end of 4th year, 25% at the end of 8th year and 65% on Maturity |
15% of SA paid at the end of 3,6,9,12 years and 50% on Maturity |
Vested Bonuses @ 4% |
131,100 |
163,875 |
Vested Bonuses @ 8% |
207,000 |
258,750 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.