Insurance

Life Smart Platina Advantage

A limited-premium savings plan with guaranteed maturity benefit, guaranteed additions and life cover.

Policy typeIndividual, non-linked, non-participating life insurance savings product Published premium floorAnnualised premium from ₹50,000 Entry ageMinimum 30 days; maximum 60 years (age last birthday)

Official product page ↗Compare category

✓ 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 typeIndividual, non-linked, non-participating life insurance savings productView source

The brochure expressly describes Smart Platina Advantage as an individual, non-linked, non-participating life insurance savings product.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Key Features
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Published premium floorAnnualised premium from ₹50,000View source

The official product page lists an annualised premium starting at ₹50,000.

Source: Life Smart Platina Advantage
Page / section: Key Features
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Entry ageMinimum 30 days; maximum 60 years (age last birthday)View source

The Who Can Buy section publishes minimum entry age 30 days and maximum entry age 60 years.

Source: Life Smart Platina Advantage — official product page
Page / section: Who Can Buy
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Key coverageGuaranteed maturity benefit in a lump sum, guaranteed additions and life coverView source

The official page lists guaranteed maturity, guaranteed additions and life cover with tax benefits subject to law.

Source: Life Smart Platina Advantage
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

Open official source ↗

UIN111N175V02View source

The brochure identifies the product as 111N175V02.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Cover; Key Features
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Policy term15, 20 or 30 yearsView source

The official page and brochure publish policy terms of 15, 20 or 30 years.

Source: Life Smart Platina Advantage — official product page
Page / section: Features; Who Can Buy
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Premium payment term7 or 10 yearsView source

The eligibility table lists limited premium payment terms of 7 years and 10 years.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Eligibility Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maximum maturity ageMinimum 18 years; maximum 75 years (age last birthday)View source

The Who Can Buy section publishes minimum maturity age 18 years and maximum maturity age 75 years.

Source: Life Smart Platina Advantage — official product page
Page / section: Who Can Buy
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Minimum premiumYearly ₹50,000; half-yearly ₹25,500; monthly ₹5,000View source

The brochure lists the minimum premium for yearly, half-yearly and monthly frequencies.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Eligibility Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maximum premiumNo limit, subject to Board-approved underwriting policyView source

The premium table states that the maximum premium has no limit subject to the Board-approved underwriting policy.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Eligibility Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Minimum sum assured₹1,69,855View source

The official eligibility table lists minimum sum assured of ₹1,69,855.

Source: Life Smart Platina Advantage — official product page
Page / section: Who Can Buy
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maximum sum assuredNo limit, subject to Board-approved underwriting policyView source

The brochure states no maximum sum assured subject to the Board-approved underwriting policy.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Eligibility Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Premium modesYearly, half-yearly or monthly; half-yearly is 51% and monthly is 8.5% of annualized premiumView source

The brochure publishes the three payment modes and modal factors.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Eligibility Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Guaranteed additionsAccrue at the end of every policy year; rate depends on annualized-premium band and policy termView source

The brochure states that guaranteed additions accrue at the end of each policy year and vary by premium band and policy term.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Benefits — Guaranteed Additions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maturity benefitSum Assured on Maturity plus accrued Guaranteed Additions, payable as a lump sum if the policy is in forceView source

The official page describes the maturity benefit as sum assured on maturity plus accrued guaranteed additions.

Source: Life Smart Platina Advantage — official product page
Page / section: Plan Benefits — Maturity Benefit
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Death benefitHigher of Sum Assured on Death plus accrued Guaranteed Additions, or 105% of total premiums paid to date; Sum Assured on Death is higher of Sum Assured or 11 times annualized premiumView source

The brochure gives the two-part death benefit formula and defines Sum Assured on Death.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Benefits — Death Benefit
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Settlement optionMaturity benefit can be paid in monthly, quarterly, half-yearly or yearly instalments over 2 to 7 years, or partly as lump sum and partly in instalments; minimum instalments are ₹5,000, ₹15,000, ₹25,000 and ₹50,000 respectivelyView source

The page publishes the available instalment frequencies, 2–7 year period and minimum instalment amounts.

Source: Life Smart Platina Advantage — official product page
Page / section: Settlement Option
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Optional riderSBI Life Accident Benefit Rider UIN 111B041V01: accidental death benefit and accidental partial permanent disability benefitView source

The brochure names the rider and its two benefit options.

Source: Life Smart Platina Advantage Brochure V02
Page / section: Rider Benefit
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Free-look period30 days from receipt of the policy documentView source

The policy document gives a 30-day free-look period, subject to the stated refund deductions and no claim.

Source: Life Smart Platina Advantage Policy Document
Page / section: Welcome Letter — Free Look Option
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Grace period30 days for yearly and half-yearly premiums; 15 days for monthly premiumsView source

The customer information sheet specifies the grace period by premium mode.

Source: Life Smart Platina Advantage Policy Document
Page / section: Customer Information Sheet — Grace Period
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Suicide exclusionIf suicide occurs within 12 months of commencement of risk or revival, death benefit is not payable; the stated higher of 80% of total premiums paid or surrender value is payable when the policy is in forceView source

The policy document states the 12-month suicide exclusion and the 80%/surrender-value provision.

Source: Life Smart Platina Advantage Policy Document
Page / section: Customer Information Sheet — Exclusions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Sum assuredMinimum ₹1,69,855; no maximum limit is published, subject to SBI Life Board-approved underwritingView source

The official page publishes the minimum sum assured and states that the maximum is subject to Board-approved underwriting without a fixed cap.

Source: Life Smart Platina Advantage — official product page
Page / section: Who Can Buy — Sum Assured
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Key exclusionsSuicide within 12 months from commencement of risk or revival: death benefit is not payable; the nominee receives the higher of 80% of total premiums paid or surrender value, if the policy is in forceView source

The current page and repeat the 12-month suicide exclusion and 80%/surrender-value payment rule.

Source: Life Smart Platina Advantage — official product page
Page / section: Exclusions — Suicide Exclusion
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsGuaranteed maturity benefit in a lump sum, guaranteed additions and life coverView source

The manually reviewed product record states: “Guaranteed maturity benefit in a lump sum, guaranteed additions and life cover”.

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

Open official source ↗

Benefits and features

Guaranteed maturity benefit
Guaranteed additions
Life cover

Eligibility

Minimum entry age 30 days

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.

Item

Age at entry · Published value30 days to 60 years

This value is copied from Smart Platina Advantage — published eligibility and premium limits. Check the table notes before relying on it.

Source: Life Smart Platina Advantage Brochure V02 · Eligibility Conditions; Benefits Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 7 rows · 2 columnsSmart Platina Advantage — published eligibility and premium limitsTranscribed from the official brochure and product page.View tableHide table

Scroll sideways to view every column

Smart Platina Advantage — published eligibility and premium limits
Item	Published value
Age at entry	30 days to 60 years
Age at maturity	18 to 75 years
Premium payment term / policy term	7 years / 15 or 20 years; 10 years / 20 or 30 years
Minimum premium	Yearly ₹50,000; half-yearly ₹25,500; monthly ₹5,000
Maximum premium	No limit, subject to Board-approved underwriting policy
Sum assured	Minimum ₹1,69,855; no maximum subject to Board-approved underwriting policy
Settlement instalments	2 to 7 years; monthly ₹5,000, quarterly ₹15,000, half-yearly ₹25,000, yearly ₹50,000 minimum

Premium amounts exclude underwriting loadings and rider premium, if any.

Life Smart Platina Advantage Brochure V02 · Eligibility Conditions; Benefits · accessed 29 Aug 2026Open official source ↗

Life Smart Platina Advantage

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 Platina Advantage