(An Individual, Non-linked, Non-participating Life Insurance Savings Product)

 

 

In life you thrive to provide more happiness and security to your loved ones. Build a strong foundation to achieve your goals with SBI Life-Smart Swadhan Plus an Individual Non-linked, Non-participating Life Insurance Savings Product which gives you return of premium while protecting your family.

 

 

• Protection: In case of any eventuality, financial needs of the family will be taken care-of.

 

• 100% Return of Premiums: On survival till maturity, the plan returns 100% of total premiums paid^ under the policy.

 

• Option to pay premiums through a single payment or for a limited period (5, 10, 15 years) or throughout the policy term.

 

• Flexibility: To choose the period for which you want protection. You can choose the policy term from 10 years to 30 years.

 

• High Sum Assured Rebate: Discount on premium rates for customers opting for higher level of protection.

 

• Tax Saving*: As per the prevailing norms under the Income Tax Act, 1961.

 

^Total premiums paid is equal to total of all the premiums received, excluding any extra premium and applicable taxes.

*Tax Benefits are as per Income Tax Laws and are subject to change from time to time. Please consult your Tax Advisor for details.

 

 

India Post Payments Bank (IPPB) is offering the product in partnership with SBI Life Insurance Co. Ltd. (SBI Life). The details are as under.

 

 

 

** Age as on last birthday.

 

##For Monthly mode, upto 3 months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or

 

Standing Instructions (where payment is made either by Direct Debit of Bank Account or Credit Card). For Monthly Salary Saving Scheme (SSS), 2 months premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction.

 

To know more, please contact your nearest IPPB Branch/Relationship Manager.

 

Disclaimer - The participation by IPPB’s customer in insurance products is purely on a voluntary basis. There is no ’linkage’ either direct or indirect between the provision of banking services offered by the bank to its customers and use of the insurance products.