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SBI Life Launches 'Smart Platina Supreme' Plan to Secure Financial Future.

Banking & Finance | Dated: 25 Dec 2024

SBI Life Insurance, a private life insurance company, has launched 'SBI Life - Smart Platina Supreme', a non-linked, non-participating life insurance savings plan. This policy provides guaranteed income benefits, along with 110% of the total premiums paid at the end of the payout period.

🎯 Key Highlights:

  • - The 'Non-linked' aspect of this policy means that the returns are fixed and not influenced by market fluctuations, such as stock prices or mutual funds. Additionally, the 'Non-participating' feature indicates that policyholders do not receive any profits, bonuses, or dividends based on the insurance company's performance, in contrast to participating policies.

💡 Other Important Facts:

  • (i) The policy will be active for a period ranging from 8 to 15 years.
  • (ii) After the policy matures, the payouts can be received over a period of 15, 20, 25, or 30 years.
  • (iii) Anyone between the ages of 3 and 60 can buy this policy.

📚 Test Your Knowledge:

Which bank recently launched the 'Smart Platina Supreme' life insurance plan to Secure Financial Future?

Correct Answer: SBI

🚀 Quick Recap:

About SBI

  • Chairman : Challa Sreenivasulu Setty
  • Headquarter : Mumbai