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 product with return of premiumView source
Life describes the plan as an individual non-linked, non-participating product with return of premium.
- Source
- Life Smart Swadhan Supreme
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
Premium frequency and minimum premiumYearly, half-yearly and monthly payment modes are available. Minimum premium: ₹6,000 yearly, ₹3,060 half-yearly and ₹510 monthly. Maximum premium is not limited, subject to Board-approved underwriting. Half-yearly loading is 51.00% of annual premium and monthly loading is 8.5%.View source
The official table lists the three modes, their minimum premiums, no maximum subject to underwriting and modal loadings.
- Source
- Life Smart Swadhan Supreme — official product page
- Page / section
- Who Can Buy — Premium Frequency and Premium Amount
- Accessed
- 29 Aug 2026
- Confidence
- high
Entry and maturity ageEntry age: 18 to 60 years. Maximum age at maturity: 75 years. Age is measured as age last birthday on the proposal date.View source
The official Who Can Buy matrix publishes minimum entry age 18 years, maximum entry age 60 years and maximum maturity age 75 years.
- Source
- Life Smart Swadhan Supreme — official product page
- Page / section
- Who Can Buy
- Accessed
- 29 Aug 2026
- Confidence
- high
Key coverageLife cover with total refund of premiums upon survival at the end of the policy termView source
The official key benefits state that premiums are refunded on survival at the end of the policy term.
- Source
- Life Smart Swadhan Supreme
- Page / section
- Key Benefits
- 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
Policy and premium-payment termsLimited-pay (LPPT) 7- or 10-year payment terms allow a 15–30-year policy term; LPPT 15 allows 20–30 years; regular premium (RP) allows 10–30 years.View source
The published table lists LPPT-7 & 10 as 15–30 years, LPPT-15 as 20–30 years and RP as 10–30 years.
- Source
- Life Smart Swadhan Supreme — official product page
- Page / section
- Who Can Buy — Policy Term / Premium Payment Term
- Accessed
- 29 Aug 2026
- Confidence
- high
Basic sum assuredBasic Sum Assured starts at ₹25,00,000, in multiples of ₹50,000. No maximum is published; higher amounts are subject to the Board-approved underwriting policy.View source
The official matrix states Basic Sum Assured in multiples of ₹50,000, minimum ₹25,00,000 and no limit subject to Board-approved underwriting.
- Source
- Life Smart Swadhan Supreme — official product page
- Page / section
- Who Can Buy — Basic Sum Assured
- Accessed
- 29 Aug 2026
- Confidence
- high
Death benefitFor an in-force policy, Sum Assured on Death is paid as a lump sum. It is the highest of Basic Sum Assured, 11 times Annualized Premium, or 105% of Total Premiums Paid up to death.View source
The official plan-benefit wording gives the three-part higher-of death-benefit formula and in-force condition.
- Source
- Life Smart Swadhan Supreme — official product page
- Page / section
- Plan Benefits — Death Benefit
- Accessed
- 29 Aug 2026
- Confidence
- high
Maturity benefitIf the Life Assured survives to the end of the policy term and the policy is in force, 100% of total premiums paid under the base product is paid in a lump sum.View source
The official page states that 100% of Total Premiums Paid is payable at maturity for an in-force policy.
- Source
- Life Smart Swadhan Supreme — official product page
- Page / section
- Plan Benefits — Maturity Benefit
- Accessed
- 29 Aug 2026
- Confidence
- high
Suicide exclusionIf suicide occurs within 12 months from commencement of risk or revival, the death benefit is not paid. For an in-force base policy, the claimant receives the higher of 80% of total premiums paid up to death or the surrender value available at death.View source
The policy document states the 12-month suicide exclusion and the higher-of 80% premium or surrender-value payout.
- Source
- Life Smart Swadhan Supreme Policy Document ( 111N140V02)
- Page / section
- Part A page 6; Part C clause 12, page 25
- Accessed
- 29 Aug 2026
- Confidence
- high
Premium grace period30 days from the due date for yearly and half-yearly premiums; 15 days for monthly premiums. The base policy remains in force during the grace period, subject to the stated deduction at claim time.View source
The policy publishes 30 days for yearly/half-yearly mode and 15 days for monthly mode.
- Source
- Life Smart Swadhan Supreme Policy Document ( 111N140V02)
- Page / section
- Part A page 6; Part C clause 5, page 21
- Accessed
- 29 Aug 2026
- Confidence
- high
Revival periodThe policy may be revived for full benefits within five consecutive complete years from the first unpaid premium, on payment of overdue premiums with interest and subject to acceptance.View source
The policy and clauses 8.1–8.10 specify a five-year revival period with overdue premiums and interest.
- Source
- Life Smart Swadhan Supreme Policy Document ( 111N140V02)
- Page / section
- Part A page 6; Part C revival clauses, pages 22–23
- Accessed
- 29 Aug 2026
- Confidence
- high
Free-look period30 days from receipt of the policy document to cancel the base policy if the terms are not acceptable, subject to the policy’s refund deductions and procedure.View source
The policy grants a 30-day free-look option from receipt of the policy document.
- Source
- Life Smart Swadhan Supreme Policy Document ( 111N140V02)
- Page / section
- Welcome Letter, pages 1–2; page 6
- Accessed
- 29 Aug 2026
- Confidence
- high
Policy loanA policy loan is available during the policy term after the base policy acquires surrender value, up to 50% of the surrender value. The loan interest rate is declared by the company from time to time; the policy states 8.00% p.a. compounded half-yearly for FY 2025–26.View source
The policy limits loans to 50% of surrender value and publishes the 2025–26 interest rate as 8.00% compounded half-yearly, subject to change.
- Source
- Life Smart Swadhan Supreme Policy Document ( 111N140V02)
- Page / section
- Part A page 6; Part C clauses 9.1–9.5, pages 23–24
- Accessed
- 29 Aug 2026
- Confidence
- high
Surrender valueThe base policy acquires surrender value after one full policy year's premium has been received and Guaranteed Surrender Value after at least two full policy years' premiums. On surrender, the higher of GSV or Special Surrender Value is payable.View source
The and policy clauses state when surrender value and GSV are acquired and that the higher of GSV or SSV is paid.
- Source
- Life Smart Swadhan Supreme Policy Document ( 111N140V02)
- Page / section
- Part A page 6; Part C clauses 7.2, pages 21–23
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsLife cover with total refund of premiums upon survival at the end of the policy termView source
The manually reviewed product record states: “Life cover with total refund of premiums upon survival at the end of the policy term”.
- Source
- Life Smart Swadhan Supreme — official product page
- Page / section
- Published product metadata
- Accessed
- 23 Aug 2026
- Confidence
- high
Benefits and features
- Life cover
- Return of premium
- Premium from ₹6,000
Eligibility
- Minimum entry age 18 years
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Life Smart Swadhan Supreme brochure / prospectusofficial-brochure · current · accessed 29 Aug 2026
↗SBI Life Smart Swadhan Supreme Customer Information Sheetofficial-customer-information-sheet · current · accessed 29 Aug 2026
↗SBI Life Smart Swadhan Supreme leafletofficial-leaflet · current · accessed 29 Aug 2026
↗SBI Life Smart Swadhan Supreme — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗SBI Life Smart Swadhan Supreme Policy Document (UIN 111N140V02)official-policy-document · current · accessed 29 Aug 2026
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