SBI Life Insurance has launched the SBI Life – Smart Platina Supreme, a non-linked, non-participating life insurance savings plan. The plan combines life coverage with guaranteed pay-outs, catering to the increasing demand for financial products offering future income certainty.Index Fund CornerSponsoredScheme Name1-Year ReturnInvest NowFund CategoryExpense RatioAxis Nifty 50 Index Fund+32.80%Invest NowEquity: Large Cap0.12%Axis Nifty 100 Index Fund+38.59%Invest NowEquity: Large Cap0.21%Axis Nifty Next 50 Index Fund+71.83%Invest NowEquity: Large Cap0.25%Axis Nifty 500 Index Fund–Invest NowEquity: Flexi Cap0.10%Axis Nifty Midcap 50 Index Fund+46.03%Invest NowEquity: Mid Cap0.28%The Smart Platina Supreme offers flexibility in premium payment terms, policy durations, and income payout frequencies.It provides guaranteed income, which is predetermined by the policyholder, and ensures a return of 110% of total premiums paid at the end of the payout period.

The plan aims to provide long-term financial stability and act as a safety net for individuals and families.The product is designed to suit a wide range of financial needs across different age groups. It offers enhanced guaranteed income for higher premium amounts and includes options for additional protection through the SBI Life – Accident Benefit Rider.Key features of SBI Life – Smart Platina Supreme:Comprehensive coverage: Provides life insurance cover throughout the policy termFlexibility: Customisable premium payments, policy terms, and payout frequenciesAdditional protection: Option to add the SBI Life – Accident Benefit RiderEnhanced guaranteed income: Available for higher premiumsMaturity benefit: Guaranteed income pay-outs and 110% return of premiums at the end of the payout period, with an option for lumpsum paymentDeath benefit: Provides financial support to the nominee in case of the insured’s death during the policy termFirst Published: Dec 17, 2024 5:31 PM IST

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