Insurance

Life Smart Platina Plus

A long-term savings plan with guaranteed income during payout years, flexible life-stage planning and an optional rider.

Policy typeIndividual, non-linked, non-participating life insurance savings product Published premium floorAnnualised premium from ₹50,000 Entry ageMinimum 30 days; maximum 45 years through POSP/CPSC-SPV channels and 60 years through other channels

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 Plus as an individual, non-linked, non-participating life insurance savings product.

Source: Life Smart Platina Plus Brochure V06
Page / section: Key Features
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Published premium floorAnnualised premium from ₹50,000View source

The official page lists annualised premium from ₹50,000.

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

Open official source ↗

Entry ageMinimum 30 days; maximum 45 years through POSP/CPSC-SPV channels and 60 years through other channelsView source

The plan table distinguishes the maximum entry age by distribution channel.

Source: Life Smart Platina Plus — official product page
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Key coverageRegular guaranteed income during payout years, flexible life-stage options and optional rider protectionView source

The official key benefits list guaranteed income, flexibility and enhanced protection with an optional rider.

Source: Life Smart Platina Plus
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 ↗

UIN111N133V06View source

The brochure identifies the product as 111N133V06.

Source: Life Smart Platina Plus Brochure V06
Page / section: Cover
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Premium payment term6, 7, 8 or 10 yearsView source

The official plan table and features publish premium payment terms of 6, 7, 8 and 10 years.

Source: Life Smart Platina Plus — official product page
Page / section: Plan at a Glance; Features
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Policy term20 years for 6-year payment; 23/28/33/38 years for 7-year payment; 24/29/34/39 years for 8-year payment; 26/31/36 years for 10-year paymentView source

The brochure table lists the policy-term combinations for each premium-payment and payout period.

Source: Life Smart Platina Plus Brochure V06
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Payout period13 years with 6-year payment; 15/20/25/30 years with 7- or 8-year payment; 15/20/25 years with 10-year paymentView source

The brochure table publishes the payout-period choices for each payment term.

Source: Life Smart Platina Plus Brochure V06
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maximum maturity age65 years through POSP/CPSC-SPV channels and 99 years through other channelsView source

The brochure table publishes channel-specific maximum ages at maturity.

Source: Life Smart Platina Plus Brochure V06
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Minimum annualized premium₹50,000 in multiples of ₹1,000View source

The page and brochure list minimum annualized premium ₹50,000, in multiples of ₹1,000.

Source: Life Smart Platina Plus — official product page
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

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

The brochure states no maximum annualized premium subject to the Board-approved underwriting policy.

Source: Life Smart Platina Plus Brochure V06
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Minimum basic sum assured₹5,50,000 (11 times annualized premium)View source

The plan table states basic sum assured is 11 times annualized premium, minimum ₹5,50,000.

Source: Life Smart Platina Plus — official product page
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maximum basic sum assuredNo limit, subject to Board-approved underwriting policy; POSP/CPSC-SPV channel caps Sum Assured on Death at ₹25,00,000 per lifeView source

The brochure states no maximum basic sum assured subject to underwriting and separately records the / death-benefit cap.

Source: Life Smart Platina Plus Brochure V06
Page / section: Plan at a Glance; Notes
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 premium modes and the non-yearly modal factors.

Source: Life Smart Platina Plus Brochure V06
Page / section: Plan at a Glance
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Income plan optionsGuaranteed Income and Life IncomeView source

The page and brochure state that the customer chooses between Guaranteed Income and Life Income.

Source: Life Smart Platina Plus — official product page
Page / section: Features
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Guaranteed-income payout frequencyYearly, half-yearly, quarterly or monthlyView source

The official page lists yearly, half-yearly, quarterly and monthly payout frequencies.

Source: Life Smart Platina Plus — official product page
Page / section: Features
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maturity benefit110% of total premiums paid at the end of the policy term for both income optionsView source

The states that 110% of total premiums paid is payable at maturity for an in-force policy.

Source: Life Smart Platina Plus Customer Information Sheet
Page / section: Policy Coverage/Benefits
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Death benefitHigher of basic sum assured (11 times annualized premium), 105% of total premiums paid to date, or the stated guaranteed-income and maturity-benefit factor formula; future guaranteed income continues after payout begins under Guaranteed Income optionView source

The brochure sets out the higher-of formula and continuation of future guaranteed income after payout starts.

Source: Life Smart Platina Plus Brochure V06
Page / section: Death Benefit
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Policy loanAvailable after the policy acquires surrender value, limited to 50% of surrender value; nominal rate is 150 basis points above the 10-year benchmark government security rate, compounded half-yearlyView source

The brochure publishes the policy-loan limit and benchmark-linked interest methodology.

Source: Life Smart Platina Plus Brochure V06
Page / section: Policy Loan
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

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

The brochure names the optional Accident Benefit Rider and its two options.

Source: Life Smart Platina Plus Brochure V06
Page / section: Key Features; Rider
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

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

The states a 30-day free-look period.

Source: Life Smart Platina Plus Customer Information Sheet
Page / section: Free Look Period
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 specifies the grace period by premium mode.

Source: Life Smart Platina Plus Customer Information Sheet
Page / section: Grace Period
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Suicide exclusionWithin 12 months of commencement of risk or revival, the death benefit is not payable; the stated 80% of premiums or surrender-value provision applies when the policy is in forceView source

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

Source: Life Smart Platina Plus Customer Information Sheet
Page / section: Exclusions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Sum assuredMinimum ₹5,50,000 (11 times annualized premium); no fixed maximum is published, with a ₹25,00,000 per-life cap for POSP/CPSC-SPV channelsView source

The page’s calculator rules publish the minimum sum assured and the / range; other channels are subject to underwriting.

Source: Life Smart Platina Plus — official product page
Page / section: Calculator and Sum Assured rules
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 at least 80% of total premiums paid, or the higher of 80% of premiums and surrender value after revival, if the policy is in forceView source

The current page and policy document publish the two suicide scenarios and the stated payment floor.

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

Open official source ↗

Geographic limitsRegular guaranteed income during payout years, flexible life-stage options and optional rider protectionView source

The manually reviewed product record states: “Regular guaranteed income during payout years, flexible life-stage options and optional rider protection”.

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

Open official source ↗

Benefits and features

Guaranteed payout income
Flexible plan choices
Optional rider

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.

TablePremium payment termChoose column

6 years · Payout period13 years

This value is copied from Smart Platina Plus — payment, payout and policy-term combinations. Check the table notes before relying on it.

Source: Life Smart Platina Plus Brochure V06 · Plan at a Glance Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 4 rows · 3 columnsSmart Platina Plus — payment, payout and policy-term combinationsComplete plan matrix transcribed from the official brochure.View tableHide table

Scroll sideways to view every column

Smart Platina Plus — payment, payout and policy-term combinations
Premium payment term	Payout period	Policy term
6 years	13 years	20 years
7 years	15 / 20 / 25 / 30 years	23 / 28 / 33 / 38 years
8 years	15 / 20 / 25 / 30 years	24 / 29 / 34 / 39 years
10 years	15 / 20 / 25 years	26 / 31 / 36 years

Minimum annualized premium is ₹50,000 in multiples of ₹1,000; premium modes are yearly, half-yearly and monthly.

Life Smart Platina Plus Brochure V06 · Plan at a Glance · accessed 29 Aug 2026Open official source ↗

Table 2 · 4 rows · 2 columnsSmart Platina Plus — income payout modal factorsModal factors used for the selected income frequency.View tableHide table

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Smart Platina Plus — income payout modal factors
Income frequency	Modal factor
Yearly	100%
Half-yearly	49%
Quarterly	24%
Monthly	8%

Life Smart Platina Plus Brochure V06 · How does the plan work — Modal Factor · accessed 29 Aug 2026Open official source ↗

Life Smart Platina Plus

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 Plus