LIC Premium and Maturity Calculator

SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator - SBI's Life Flexi Smart Plus insurance policy is an Individual, Participating, Variable Insurance Product, which helps in fulfilling your dreams. Also gives you a flexibility to adapt to your ever-changing needs, while assuring guaranteed benefits to take care of your savings.

Key Features - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • Guaranteed Minimum Bonus Interest rate(Conditions apply*)
    • A minimum bonus interest rate of 1.00% p.a. is guaranteed for the whole term.
  • Interim bonus interest rate#
    • An Interim bonus interest rate will be declared at the beginning of each financial year which will apply to the policies exiting during the financial year.
  • Regular Bonus Interest rate
    • Regular Bonus interest rate will be declared at the end of every financial year.
  • Terminal Bonus Interest rate
    • Terminal bonus interest rate may be credited to your policy account at the time of exit on account of maturity, death or surrender.
  • Your policy will be credited with the Regular Bonus interest rates and Terminal Bonus interest rate, if any. Regular bonus interest rate once declared becomes guaranteed for the policy account.
    • Two Protection option available: Gold Option and Platinum Option
  • Partial Withdrawal
    • Partial withdrawals are allowed from the 6th policy year to cater to your liquidity needs.
  • Flexibility to increase or decrease your chosen Sum assured
    • Flexibility to increase your chosen policy term

Entry Age - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • Min: 18 years
  • Max: 60 years

Age^ at Maturity - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • Min: 23 years
  • Max: 65 years

Sum Assured - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • Basic Sum Assured = Annualised Basic Premium × SAMF
  • Sum Assured Multiple Factor (SAMF)
    • Min: SAMF Higher of 10 / 7 (age < 45 / age > = 45) OR 0.50/ 0.25(age < 45 / age > = 45) x Policy
    • Term Max: 20

Policy Term - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • Min: 5 years
  • Max: 30 years

Premium Paying Term: Same as policy term
Premium Frequency: Yearly / Half-yearly / Quarterly / Monthly

Benefits - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

Death benefits - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • 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 at 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.

Maturity Benefit - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • 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.

Tax Benefits - SBI Life Flexi Smart Plus Plan Premium and Maturity Calculator

  • You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.

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