SBI Life Smart Platina Advantage Launched for Long-Term Guaranteed Financial Security

KEY TAKEAWAYS:

SBI Life has introduced Smart Platina Advantage, a guaranteed savings life insurance plan.
The plan offers assured benefits with life cover throughout the policy term.
It targets long-term goals such as education, retirement and wealth creation.

In a time of rising aspirations and increasing financial responsibilities, SBI Life Smart Platina Advantage has been launched to offer long-term certainty through guaranteed benefits and life insurance cover. Introduced by SBI Life Insurance, the new product is designed for individuals seeking stability, predictability and disciplined savings in their financial planning.

The plan addresses the growing demand for low-risk financial solutions that are insulated from market volatility.

Savings-Oriented, Non-Linked Insurance Plan: SBI Life Smart Platina

SBI Life Smart Platina Advantage is an individual, non-linked, non-participating life insurance savings plan. It focuses on delivering guaranteed outcomes over the long term, making it suitable for customers who prioritise financial security over market-linked returns.

By combining savings and protection, the plan allows policyholders to build a corpus while remaining insured for the entire policy duration.

Limited Premium Term, Lifelong Protection

One of the key features of the plan is its limited premium payment structure. Customers pay premiums for a defined period, while the benefits and life cover continue for the full policy term.

This structure supports efficient cash flow planning while ensuring uninterrupted financial protection.

Designed for Key Life Goals

The product has been tailored to support major long-term financial milestones, including children’s education, retirement planning, wealth creation and the development of a secondary income stream. It promotes disciplined savings through assured guaranteed additions credited every policy year.

Defined maturity benefits enable customers to plan future commitments with confidence, without exposure to market fluctuations.

Flexibility Through Settlement Options

SBI Life Smart Platina Advantage offers flexibility alongside certainty. Policyholders can opt to receive maturity proceeds in instalments, ensuring post-maturity liquidity and smoother cash flow management.

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Optional riders and settlement choices further enhance the plan’s adaptability, allowing it to evolve with changing financial needs.

Tax Benefits and Low-Risk Profile

The plan is eligible for tax benefits under applicable provisions of the Income Tax Act, 1961. With returns that are not linked to market performance, it is well-suited for individuals who prefer a structured, low-risk savings approach.

Guaranteed benefits provide reassurance during periods of economic uncertainty, helping families stay financially prepared.

SBI Life Smart Platina: Strengthening Long-Term Financial Discipline

By offering predictable returns along with continued life cover, the plan encourages long-term financial discipline and responsible planning. It is positioned as a solution for individuals looking to balance protection and savings without taking on market-related risks.

SBI Life Insurance, one of India’s most trusted private life insurers, continues to expand its portfolio of protection, pension, savings and health solutions, focusing on financial inclusion, digital innovation and customer-centric service delivery.

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