SMART MONEY BACK GOLD

Get your money back when you need it the most

  • Three money back plan options
  • Total survival benefits of 110% of sum assured
  • Discount on large sum assured

An Individual, Non-linked, Participating, Life Insurance Savings Product
Are you worried about meeting various financial obligations in the years to come? Do you wish to safeguard your family’s future?

Invest in SBI Life – Smart Money Back Gold insurance plan, and avail twin benefits of life cover as well as periodic income to meet your financial requirements at crucial points in life.

This policy offers –

  • Security – protect your family’s future
  • Reliability – money back at regular intervals
  • Flexibility – choose your money back plan option

Live life to the fullest by freeing yourself from financial worries.

On Survival:

  • Before Maturity:
    The survival benefit installments expressed as a fixed percentage of basic sum assured payable at the end of specified durations during the policy term (expect the last survival benefit at the end of the policy term), as explained below which helps you to meet your key milestones at crucial junctures in life.

Given below are the various Policy term and frequency options of accompanying Moneyback payouts:

All Accrued Simple Reversionary Bonus, if declared will be paid along with the last Moneyback payout at maturity, which will be the total amount of bonus accrued under the policy during the entire term. The bonus will apply to the basic sum assured. Terminal Bonus (if any) will also be paid along with the last Moneyback payout.

  • At Maturity:
    Final survival benefit installment + Vested Simple Reversionary Bonus, if declared + Terminal Bonus, if any.

On Death:

In the unfortunate event of death during the policy term of the plan, provided the policy is in-force:

  • Higher of A or B is paid to the nominee, where:

A = Sum Assured on death + Vested Simple Reversionary Bonuses, if declared + Terminal bonus, if any.Where Sum assured on deathFor RP & LPPT policies is higher of Basic Sum Assured or 11 times the annualized premiumFor SP policies is higher of Basic Sum Assured or 1.25 times the single premium

B = Minimum death benefit which is equal to 105% of all the total premiums received up to the date of death.

Annualized Premium is the premium payable in a policy year as chosen by the policy holder, excluding the Applicable Taxes, underwriting extra premium and loadings for modal premiums, if any.
The total premiums paid means tatal of all premiums recived,excluding any extra premiums and taxes.
Basic Sum assured is the absolute amount of benefit, which is guaranteed to become payable on maturity and as chosen by the policyholder at the inception of the policy.