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 typeRegular-premium participating money-back life-insurance savings planView source
Life describes Smart Money Back Saver as a participating money-back life-insurance plan with regular premiums.
- Source
- Life Smart Money Back Saver
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
Published minimum premiums₹18,000 yearly; ₹10,000 half-yearly; ₹2,000 monthly; maximum is not limited subject to Board-approved underwritingView source
The official table lists the minimum annual, half-yearly and monthly premiums and no maximum subject to underwriting.
- Source
- Life Smart Money Back Saver — official product page
- Page / section
- Who Can Buy — Premium Amount
- Accessed
- 29 Aug 2026
- Confidence
- high
Entry age30 days to 45 yearsView source
The official eligibility table lists entry age from 30 days to 45 years.
- Source
- Life Smart Money Back Saver
- Page / section
- Who Can Buy
- Accessed
- 23 Aug 2026
- Confidence
- high
Policy term20 or 25 years with regular premium for the full policy termView source
The official plan table lists regular premium and policy terms of 20–25 years.
- Source
- Life Smart Money Back Saver
- Page / section
- Who Can Buy
- Accessed
- 23 Aug 2026
- Confidence
- high
Key benefitsPeriodic payouts totalling 130% of sum assured through 10%, 15%, 25% and 35% survival benefits, followed by 45% at maturity plus bonusesView source
The official features list the payout percentages and participating bonuses.
- Source
- Life Smart Money Back Saver
- Page / section
- Features
- Accessed
- 23 Aug 2026
- Confidence
- high
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
Sum assuredMinimum ₹3,00,000; no maximum limit published, subject to Board-approved underwriting policyView source
The official Who Can Buy table lists ₹3,00,000 minimum sum assured and no maximum subject to Board-approved underwriting.
- Source
- Life Smart Money Back Saver — official product page
- Page / section
- Who Can Buy — Sum Assured
- Accessed
- 29 Aug 2026
- Confidence
- high
Key exclusionsSuicide within 12 months from commencement of risk or revival: death benefit is not payable; the claimant receives the higher of 80% of total premiums paid or surrender value, provided the policy is in forceView source
The policy document states the 12-month suicide exclusion and higher-of 80% premium/surrender-value payment rule.
- Source
- Life Smart Money Back Saver Policy Document
- Page / section
- Part C (II) clause 7, page 8; clause 14
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsPeriodic payouts totalling 130% of sum assured through 10%, 15%, 25% and 35% survival benefits, followed by 45% at maturity plus bonusesView source
The manually reviewed product record states: “Periodic payouts totalling 130% of sum assured through 10%, 15%, 25% and 35% survival benefits, followed by 45% at maturity plus bonuses”.
- Source
- Life Smart Money Back Saver — official product page
- Page / section
- Published product metadata
- Accessed
- 23 Aug 2026
- Confidence
- high
Benefits and features
- Regular cash payouts
- 130% survival benefit before bonuses
- Optional accident rider
Eligibility
- Entry age 30 days to 45 years
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Life Smart Money Back Saver Product Guideofficial-guide · current · accessed 29 Aug 2026
↗SBI Life Smart Money Back Saver — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗SBI Life Smart Money Back Saver Policy Documentofficial-policy-document · current · accessed 29 Aug 2026
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