What are SBI Life Smart Wealth Builder? Explain its features and benefits.

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SBI Smart Wealth Builder- SBI Life Insurance offers a unit-linked, non-participating insurance plan. Individuals can benefit from this policy in two ways: increased investment opportunities by parking money in investment funds and life insurance coverage. Based on the policy period, SBI Smart Wealth Builder gives guaranteed additions.

SBI Life is one of India's most well-known life insurance companies. It is a joint venture between the State Bank of India and BNP Paribas Cardiff, a renowned global insurer. At low rates, the organization offers a wide choice of life insurance and pension solutions.

Features of SBI Smart Wealth Builder

The features of SBI Smart Wealth Builder plan are as under:

  • Life insurance coverage
  • Guaranteed increases can be up to 125 percent of one annual regular premium depending on the policy length.
  • There are no premium allocation charges after the 11th year.

From the 6th policy year onwards, you have the option to increase or decrease the sum assured as well as the frequency of premium payments.

Seven distinct fund options provide increased investment opportunities.

Starting in the 6th policy year or when you turn 18 years old, you can make partial withdrawals.

Benefits of SBI Smart Wealth Builder

The plan benefits offered under SBI Smart Wealth Builder are as under:

  • Maturity Benefit: If the life guaranteed survives to maturity, the fund value will be paid in a lump sum.
  • Death Benefit: The greater of the fund value or the sum assured will be paid, with a minimum of 105 percent of basic premiums paid up to the date of death notification being paid.

To know more about SBI Life Smart Wealth Builder Plan, kindly contact Jayant Harde on 9373284136 or +91 7122282029. You can also visit our website: www.jayantharde.com

Location: 51, Gurukripa, Old Sneha Nagar, Wardha Road, Nagpur – 440015.

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