All You Need To Know About SBI Life Smart Elite Plan

SBI Life Smart Elite is a one-of-a-kind life insurance policy that offers you complete protection against all uncertainties of life. It gives you the option to customize your coverage as per your changing needs at different stages of life. What's more, it comes with an inbuilt critical illness cover and an accident benefit rider. So, if you're looking for a comprehensive life insurance policy, SBI Life Smart Elite is definitely worth considering.

All About SBI Life Smart Elite Plan

SBI Life Smart Elite Plan is a life insurance policy that offers you comprehensive coverage and protection. It provides you with a death benefit, maturity benefit and a surrender value. The policy also offers you an additional cover of Rs. 1 lakh for accidental death and dismemberment. The premium for this policy is payable monthly.
SBI Life Smart Elite Plan is a great life insurance policy for those who want the best of both worlds – protection and investment. The policy term of SBI Life Smart Elite Plan is 10 years, and it offers a death benefit as well as a maturity benefit. 
The investment options under SBI Life Smart Elite Plan include equity funds, debt funds, and balanced funds. You can choose to invest your premiums in any or all of these options according to your risk appetite and financial goals. SBI Life Smart Elite Plan is a great life insurance policy for those who want comprehensive protection and growth potential for their money.

Benefits of SBI Life Smart Elite Plan

SBI Life Smart Elite Plan is a unique life insurance policy that offers several benefits to policyholders. Some of the key benefits of this policy include:
1. Tax Benefits: SBI Life Smart Elite Plan offers tax benefits under Section 80C and 10(10D) of the Income Tax Act.
2. Maturity Benefits: Policyholders are entitled to receive the maturity benefit, which is the sum assured plus accrued bonuses, on the maturity of the policy.
3. Death Benefits: In case of death of the policyholder during the policy term, the nominee receives the sum assured as death benefit.
4. Flexibility: The policy provides flexibility in terms of premium payment options and policies terms. Policyholders can choose from a variety of premium payment options depending on their needs and budget. They can also choose from different policy terms ranging from 5 years to 30 years.
5. Bonuses: SBI Life Smart Elite Plan offers regular bonuses to its policyholders, which helps them earn higher returns on their investment.
Thus, SBI Life Smart Elite Plan is a beneficial life insurance policy that offers several features and benefits to policyholders.

Conclusion

The SBI Life Smart Elite Plan is a great option for those looking for a comprehensive life insurance policy. It offers a wide range of features and benefits, making it an ideal choice for those who want to be fully protected. With its competitive premiums and extensive coverage, the SBI Life Smart Elite Plan is definitely worth considering if you are in the market for a new life insurance policy.

Also Read: Essential Documents For Buying Term Insurance Plans