Product Information
Saving And Investment Plans SBI Life – Flexi Smart Plus
This plan allows you to modify your insurance plan according to your ever-changing needs. It also offers regular bonus interest to help your savings grow.


  • Choose between two plan options
  • Guaranteed minimum bonus interest rate of 1.00% p.a. throughout the term, for in-force policies
  • Modify your sum assured and increase your policy term
  • Avail partial withdrawals from the 6th policy year


  • On Death:
  • In case of unfortunate event of death of the Life Assured, the beneficiary will receive the following benefit: For Gold Option: 
    Higher of Policy Account Value or Sum Assured / Paid-up Sum Assured as applicable or 105% of total premiums paid as on the date of intimation of death claim.
    Sum assured will be reduced to the extent of partial withdrawals made in the last 2 years for age on death below 60 years and for age on death 60 years & above all partial withdrawals made from 58 years onwards.
    For Platinum Option: 
    Higher of Policy Account Value PLUS Sum Assured / Paid-up Sum Assured as applicable or 105% of total premiums paid as on the date of intimation of death claim.
  • On Survival
  • Maturity Benefit: On maturity, the policy holder will be entitled to policy account value including Terminal Bonus interest rate if any, calculated on the maturity date and will be payable as a lump sum on maturity.
    Policy Account Value
    The policy account represents the value of the fund that belongs to you. The policy account will be credited with the premiums paid, net of all premium allocation charge under the policy, on which the additions as stated below will be credited. All other charges would be recovered from the policy account value. All withdrawals, payouts etc. made to you will also be deducted from your policy account.

Age at Entry

Min:18 years

Max:60 years

Age at Maturity

Min:23 years

Max: 65 years

Sum Assured

Min: Higher of Annualised premium *10/7 (age <45/ age>45)


Annualised premium * 0.50/0.25 (age <45/age>45) * Policy Term

Policy Term

Min:5 years

Max:30 years

Premium paying term

Same as policy term

Premium frequency


Premium amounts

(in multiples of Rs.100)


Yearly - Rs 50,000

Half yearly - Rs.30,000

Quarterly - Rs. 20,000

Monthly - Rs. 9000

Maximum: No limit