Insurance

Life Smart Fortune Builder

A life-insurance investment plan combining guaranteed additions, multiple funds and life cover.

Policy typeLife-insurance investment plan with guaranteed additions and multiple funds Entry and maturity ageEntry age: 2–55 years. Maturity age: 18–70 years (age last birthday). For a minor life, the selected term must ensure majority at maturity.Key benefitsGuaranteed additions linked to policy term, multiple investment options and life cover

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✓ Manually checked 23 Aug 2026 · active

Offered byState Bank of India

India, subject to Life underwriting and policy terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeLife-insurance investment plan with guaranteed additions and multiple fundsView source

Life describes Smart Fortune Builder as life insurance with guaranteed additions based on policy term and multiple investment options.

Source: Life Smart Fortune Builder
Page / section: Product overview
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Premium rangeRegular pay: ₹40,000–₹2.5 lakh yearly. Limited pay: ₹50,000–₹2.5 lakh yearly. Single pay: ₹65,000–₹2.5 lakh. Maximum is subject to SBI Life's board-approved underwriting policy.View source

The live page gives the three plan-type ranges and says the maximum is subject to board-approved underwriting.

Source: Life Smart Fortune Builder
Page / section: Who Can Buy — premium amount
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Entry and maturity ageEntry age: 2–55 years. Maturity age: 18–70 years (age last birthday). For a minor life, the selected term must ensure majority at maturity.View source

Life publishes the entry/maturity ranges and the minor-life maturity requirement.

Source: Life Smart Fortune Builder
Page / section: Who Can Buy — ages and minor-life note
Accessed: 27 Aug 2026
Confidence: high

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Key benefitsGuaranteed additions linked to policy term, multiple investment options and life coverView source

The official key benefits list guaranteed additions and multiple investment options.

Source: Life Smart Fortune Builder
Page / section: Key Benefits
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

InsurerSBI Life Insurance Company LimitedView source

Life's official catalogue lists these individual and group products under Life Insurance Company Limited.

Source: Life online plans and group insurance catalogue
Page / section: Life plan catalogue
Accessed: 23 Aug 2026
Confidence: high

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Policy and premium-payment termsRegular pay: 15–30 years, with payment term equal to policy term. Limited pay: 15–30 years with 7/10/12-year payment term, or 20–30 years with 15-year payment term. Single pay: 5–30 years with one payment at inception.View source

The official eligibility matrix lists the regular, limited and single-pay combinations.

Source: Life Smart Fortune Builder
Page / section: Who Can Buy — premium payment term and corresponding policy term
Accessed: 27 Aug 2026
Confidence: high

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Product codeUIN 111L142V01 | Product code 3MView source

The current official page identifies the plan as 111L142V01, product code 3M.

Source: Life Smart Fortune Builder
Page / section: Know about Life Smart Fortune Builder
Accessed: 27 Aug 2026
Confidence: high

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Sum assuredRegular and limited pay: 10× annualized premium. Single pay: 1.25× single premium.View source

The published table defines the sum-assured multiple for regular/limited and single-pay plans.

Source: Life Smart Fortune Builder
Page / section: Who Can Buy — sum assured
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Maturity benefitFund value at maturity paid as a lump sum, if the policy is in force. The plan page also describes guaranteed additions during the policy and a guaranteed addition on maturity; the amount depends on the product terms.View source

The page states the lump-sum fund-value maturity benefit and identifies guaranteed additions as a product feature.

Source: Life Smart Fortune Builder
Page / section: Plan Benefits — Maturity Benefit; Features — Guaranteed Additions
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Life cover benefitHighest of fund value at death-claim intimation, sum assured less applicable partial withdrawals, or 105% of total premiums paid including top-ups. Applicable partial withdrawals are withdrawals in the two years immediately before death.View source

The official page states the three-way higher-of death-benefit formula and the two-year APW definition.

Source: Life Smart Fortune Builder
Page / section: Plan Benefits — Life Cover Benefit
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

ULIP lock-in and partial withdrawalsNo surrender or complete/partial withdrawal during the first 5 years. Partial withdrawals are available from the 6th policy year onwards.View source

The page contains the first-five-year restriction and says partial withdrawals start in the sixth policy year.

Source: Life Smart Fortune Builder
Page / section: liquidity disclosure and Features — Partial Withdrawals
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Optional riderSBI Life Accident Benefit Rider (UIN 111A042V01): Option A Accidental Death Benefit or Option B Accidental Partial Permanent Disability Benefit.View source

The product matrix names the linked accident rider, and its two published choices.

Source: Life Smart Fortune Builder
Page / section: Who Can Buy — Rider
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Published charge termsRegular and limited pay: zero policy-administration charges for the first 5 years. No premium-allocation charge from the 11th year onwards. The page says fund management and other charges apply; see the sales brochure for the complete charge workings.View source

The current page gives the first-five-year administration-charge and post-year-10 premium-allocation-charge terms, while noting other charges are deducted.

Source: Life Smart Fortune Builder
Page / section: Features — Putting You First; charge disclosure
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Waiting period / accident claim timingNo separate general disease or life-cover waiting period is published. For the in-built Accident Benefit, accidental death must occur within 180 days of an accident during the policy term, and accidental total permanent disability must persist for at least 180 days to establish permanence.View source

The policy contains accident-event and permanence timing conditions but no separate general medical waiting-period clause.

Source: Life Smart Fortune Builder — reviewed official source set
Page / section: Customer Information Sheet and Accident Benefit clauses
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Suicide and accidental-benefit exclusionsSuicide within 12 months of policy commencement or revival: the fund value at death intimation is paid, risk cover ceases and post-death non-FMC charges are added back. Accident Benefit exclusions cover infection except qualifying external wounds, alcohol/solvent/drug abuse except medically directed use, self-inflicted injury, criminal acts, war or civil commotion, specified military/police service, nuclear contamination, non-commercial aviation and hazardous or professional sports/pastimes.View source

The official and policy clauses state the 12-month suicide treatment and enumerate the accident-benefit exclusion categories.

Source: Life Smart Fortune Builder Policy Document ( 111L142V01)
Page / section: Customer Information Sheet; exclusions and accident-benefit exclusion clauses
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsGuaranteed additions linked to policy term, multiple investment options and life coverView source

The manually reviewed product record states: “Guaranteed additions linked to policy term, multiple investment options and life cover”.

Source: Life Smart Fortune Builder — official product page
Page / section: Published product metadata
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Guaranteed additions
Multiple funds
Life cover

Eligibility

Minimum entry age 2 years

Passing a listed condition does not mean the bank will approve an application.

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Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Yearly household income to replaceThe income your family may need to replace.₹ten lakh rupees₹1,00,000₹1,00,00,000Years of income neededHow long your family may need that replacement income. years1 years30 yearsLoans still to be paidHome loans and other debts the cover may need to clear.₹twenty lakh rupees₹0₹5,00,00,000Cover and savings already availableExisting life cover and money already set aside for the family.₹five lakh rupees₹0₹5,00,00,000

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees

Income your family may need₹1,00,00,000one crore rupees

Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Plan type / item

Entry / maturity age · Published term2–55 years at entry · 18–70 years at maturity

This value is copied from Smart Fortune Builder — eligibility, contribution and benefits. Check the table notes before relying on it.

Source: Life Smart Fortune Builder · Who Can Buy; Features; Plan Benefits; disclosure Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 11 rows · 2 columnsSmart Fortune Builder — eligibility, contribution and benefitsCurrent SBI Life terms for this unit-linked product. Fund value and market-linked returns are not guaranteed.View tableHide table

Scroll sideways to view every column

Smart Fortune Builder — eligibility, contribution and benefits
Plan type / item	Published term
Entry / maturity age	2–55 years at entry · 18–70 years at maturity
Regular pay	Term 15–30 years · payment term equals policy term · ₹40,000–₹2.5 lakh yearly · 10× annualized premium sum assured
Limited pay — 7/10/12 years	Policy term 15–30 years · ₹50,000–₹2.5 lakh yearly · 10× annualized premium sum assured
Limited pay — 15 years	Policy term 20–30 years · ₹50,000–₹2.5 lakh yearly · 10× annualized premium sum assured
Single pay	Term 5–30 years · ₹65,000–₹2.5 lakh · 1.25× single-premium sum assured
Death benefit	Highest of fund value, adjusted sum assured or 105% of total premiums paid
Maturity	Fund value paid as lump sum; product also describes guaranteed additions
Liquidity	No surrender/withdrawal first 5 years; partial withdrawal from year 6
Funds	12 fund choices
Accident rider	Accidental death or accidental partial permanent disability option
Charge terms	No policy administration charge first 5 years for regular/limited pay; no premium-allocation charge from year 11

A minor life must reach majority at maturity. The product's detailed rider terms, charge amounts and exclusions are controlled by the linked prospectus/policy documents.
The premium maximum is shown subject to Life's board-approved underwriting policy.

Life Smart Fortune Builder · Who Can Buy; Features; Plan Benefits; disclosure · accessed 27 Aug 2026Open official source ↗

Life Smart Fortune Builder

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

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What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI General Arogya Top-Up Policy

SBI General Bharat Griha Raksha

SBI General Car Insurance

SBI General Cyber VaultEdge

Life Smart Fortune Builder