• SBI Life Insurance Savings Plans

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    Overview

    SBI Life Insurance has a lot of plans to offer that are centered around traditional insurance plans like term insurance along with other endowment, participating and non-participating plans. Some of these plans give policyholders the chance to get high sum assured without having to pay premiums that are very high and some of the plan don’t offer any limits on the sum assured too. For the payment of premiums these plans can offer a variety of modes all designed to make paying the premiums more convenient for the policyholders. These insurance plans are a good option when it comes to ensuring that the financial future of your family is secure. These SBI Life Insurance plans can also be coupled with various riders that can help enhance the cover provided by the parent policy. Another benefit of these plans is that investments made in them are eligible for tax benefits under the relevant section of the IT Act.

    List of SBI Life Insurance Savings Plans

    Some of the savings insurance plans offered by SBI are:

    SBI Life - Smart Swadhan Plus

    This is a term assurance policy with the maturity benefit of the return of all premiums paid up until maturity. It offers a minimum sum assured of Rs. 5 lakhs and the option to pay premiums in monthly instalments or lump sums. It also offer life insurance cover for periods as long as 30 years.

    SBI Life - Smart Humsafar

    This is a joint insurance plan that allows the policyholder to cover themselves and their spouse under the same plan. It offers guaranteed bonuses, insurance pay outs in case one of the life assured passes away and it can also waive off future premiums in such a case. It also offers maturity benefits in case policyholders survive the policy.

    SBI Life - Smart Money Planner

    This is an insurance plan that offers the advantages of a life insurance policy along with those of a source of regular income. The premiums for this policy can either be paid for a limited period or as a lump sum when the policy if purchased. This plan also offers a maximum sum assured of up to Rs. 5 crores.

    SBI Life - CSC Saral Sanchay

    This is a plan that can be taken by individuals and offers a sum assured that is at least 10 times the annual premium. The premiums for this policy can also be paid every month and the least amount payable is Rs. 200. In case policyholders wish to increase the coverage, this policy also provides a top-up premium facility that will increase the cover by 125% of the top-up premium paid. This policy will also allow for withdrawals from the policy and offers maturity benefits of the premiums paid with an interest rate of 1% per annum.

    SBI Life - Smart Income Protect

    This is a plan that provides policyholders with a guaranteed annual income once the premium paying term is over. It also offers various bonuses like vested reversionary and terminal bonuses. It offers both death and maturity benefits where the maturity benefits can either be taken in a lump sum or in annual instalments.

    SBI Life - Smart Guaranteed Savings Plan

    This is a plan where in the policyholder only has to pay premiums for 7 years and still enjoy the benefits of the policy for a maximum tenure of 15 years. It comes with both maturity and death benefits. The death benefits are the payment of the sum assured along with any additions as applicable. The maturity benefits under this plan consist of the payment of the basic sum assured on maturity, along with guaranteed additions as applicable.

    SBI Life - Smart Money Back Gold

    This too is an insurance plan that offers death and maturity benefits to the policyholders. It also offers rebates when the sum assured is high. The maturity benefit of this plan is payment of the survival benefits in additions to bonuses like simple reversionary and terminal bonuses. The death benefit under this policy is a minimum of 105% of the premiums paid. It can also be paid with the addition of things like simple reversionary and terminal bonuses.

    SBI Life - Shubh Nivesh

    This is an endowment insurance plan that can provide insurance cover for as long as 100 years or age. This policy will pay the basic sum assured as the maturity benefit when the policyholder turns 100 years old. Its death benefits include the payment of the sum assured according to the options chosen by the policyholder.

    SBI Life - Saral Swadhan+

    This is a traditional term insurance product that also gives policyholders the assurance of a maturity benefit which is the return of up to 115% of the premiums paid, depending on the policy term. It also brings them the advantages of a reduced paid up policy where, if premiums are not paid, than, instead of lapsing the policy will turn into a paid up policy with reduced cover.

    SBI Life - Flexi Smart Plus

    This is a participation insurance plan that offers variable insurance. The death benefit with this policy will be a minimum of 105% of the annual premiums paid. The maturity benefit for this policy is the value of the policy account with any additional bonuses as applicable. The policy also offers a guaranteed minimum bonus of 1% per annum.

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    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    SBI Life Insurance Savings Plans Reviews

  • Page 1 of 25 1 2 3 4 5
    • SBI Life Life Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I have take life insurance from Sbi life . Am satisfied with the premium amount . This policy covers accidental coverage and critical illness . Every 3 month i had to pay through cheque. They gave the tenure period of 13 years with 55years of policy coverage. Their customer service and response is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 17, 2018
    • SBI Life Life Insurance
      "Better Policy"
      0.5 5.0/5 "Blown Away!"
      Total tenure of the policy is 20 years. It is a cashback policy. Every 5 years i will get 10%. Every 5 years they will give the cashback policy. Once in 5 years, my number will update in their system, i have to give a blank cheque. At the end of th term , I would get bonus points I guess.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2018
    • SBI Life Life Insurance
      "Good insurance for life"
      0.5 4.0/5 "Great!"
      I have the life insurance policy with the SBI life and I am holding it from the last one year of time. Customer service is good one with them and the response is also good one too. Premium amount is nominal one for me with them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 07, 2018
    • SBI Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      With SBI life I hold the life insurance policy . I have got the Life insurance policy for more than 3 years. This policy has the tenure of 12 years. I get on time reminders to pay the premium . The customer support service and the response is excellent with the SBI.
      Was this review helpful? 0
      , chennai
      Reviewed on May 28, 2018
    • SBI Life Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy from the SBI life. I pay a premium of 1300 per year. The premium gets Auto debited from the account. I never had any issues with the policy and their services. I'll have to wait and see how this policy turns out in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2018
    • SBI Life Life Insurance
      "Best Pension Scheme"
      0.5 5.0/5 "Blown Away!"
      I started using this SBI Pension policy 4 years back. Total tenure of the policy is 10 years. I used to pay Rs. 50000 per annum. After 10 years every month i used to receive 5000 from the scheme till end of my life. Death coverage is there. My wife would be be beneficiary.
      Was this review helpful? 0
      , chennai
      Reviewed on May 25, 2018
    • SBI Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I"ve a life insuranc epolicy wiht the SBI life. I apy a premium of 1499 per year for a coverage of 10 Lacs coverage. The premium gets auto debited from my account which is pretty much convenient for me. Overall it is a good policy to have and never had any issues with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • SBI Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the LIC Jeevan Anand Life Insurance policy for the past 8 Years. I make Online Payments, being a Govt company the trust factor is there and I'm paying a premium of 20000 per year. I never faced any issues with the policy and its features.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 04, 2018
    • SBI Life Life Insurance
      "Better policy to use"
      0.5 3.0/5 "Satisfactory"
      Got the life insurance policy from the SBI life around 4 years ago. This policy has the tenure of 20 years. The customer support service and the responds is good with the SBI life. The plan benefits and the policy coverage are good with the SBI life insurance policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 30, 2018
    • SBI Life Life Insurance
      "SBI life insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken the life insurance from SBI life and the premium amount is 75000 for 20 years. Actually i have taken this life insurance since i have taken a home loan from State bank of India. The customer service and response is good with them.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 17, 2018
    • SBI Life Life Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I am having a life insurance policy with SBI life from last 3-4 months and it is one of the good policy to use. I am not aware of the maturity period of this policy. I pay my premium on monthly basis through ECS and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 06, 2018
    • SBI Life Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I hold the SBI life insurance policy for the past 1 year. The customer support service is good with the SBI and they give good response to the customers. This policy has the tenure of 5years. I pay the premium amount of Rs.10,000 in every year once.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 04, 2018
    • SBI Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with SBI life from last 2 years and it is a short term policy. The tenure of this life insurance policy is 10 years. I pay my premium once in 6 months and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 26, 2018
    • SBI Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The SBI Life give good returns to the customers. The coordination is excellent with the SBI life . This life insurance policy has the tenure of 10years, I pay the premium amount of Rs,30,000 per annum. The plan benefits and the coverage is good with this policy,
      Was this review helpful? 0
      , allahabad
      Reviewed on Mar 26, 2018
    • SBI Life Life Insurance
      "Average"
      0.5 1.0/5 "Really Bad"
      I have taken accidental policy with SBI Life since 2004. I have received the documents only for the first year and they are deducting some amount but am not receiving any documents. I have paid 100 or 200 rupees yearly, the premium was very low. I am not sure about other benefits.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 16, 2018
    • SBI Life Life Insurance
      "SBI life , life insurance"
      0.5 3.0/5 "Satisfactory"
      I have taken a life insurance from SBI LIFE. The total premium amount is 25000. I have to pay the premium for 5 years and after the maturity period i will get the sum assured plus the bonus amount. The premium amount will be directly debited from the salary account.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 15, 2018
    • SBI Life Life Insurance
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a savings plan and I have to pay a premium up to the age of 60 years. If anything is to happen to me my family will get a sum assured and bonus. Else I would get only the sum assured. Like wise there is a sum assured at the age of 100years too.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 28, 2018
    • SBI Life Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance from SBI Life. The best about this company is that the premium is low and economical. The tenure is till the age of 60 years. After which the beneficiary will get the benefits. The sum assured is also good. I am happy with the benefits.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 28, 2018
    • SBI Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with SBI Life.The premium amount is 19,000 in a year.The policy coverage is 3-4 lakhs,I have claim experience once they had covered 70 k.The policy is for 15 years.I had closed this policy and I am planning to open a new one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 26, 2018
    • SBI Life Life Insurance
      "Good policy to use"
      0.5 3.0/5 "Satisfactory"
      I have taken a Money back policy with SBI Life from last 20 years and it is a good policy to hold. The tenure of this life insurance policy is 20 years and i get a cash back after every 4 years. I pay my premium once in a year through net banking and the payment options are convenient for me. I get good coverage and returns in this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 21, 2018
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