New Delhi: In today’s fast-changing world, where rising responsibilities go hand in hand with growing aspirations, financial security is no longer limited to wealth creation alone. It now encompasses certainty, peace of mind, and the ability to safeguard loved ones at every stage of life. Addressing this evolving need, SBI Life Insurance, one of India’s most trusted private life insurers, has announced the launch of ‘SBI Life – Smart Platina Advantage’, a guaranteed savings life insurance plan designed to deliver long-term financial assurance.
‘SBI Life – Smart Platina Advantage’ is an individual, non-linked, non-participating life insurance savings product that offers life cover along with guaranteed benefits throughout the policy term. The plan has been thoughtfully crafted to help individuals plan confidently for key life goals such as children’s education, retirement planning, wealth creation, and building a secondary income source.
The product enables disciplined long-term savings through assured guaranteed additions credited every policy year. It offers the convenience of limited premium payment while ensuring life insurance coverage for the entire policy duration, along with a predefined and guaranteed maturity benefit—providing both predictability and flexibility to policyholders.
Key features of SBI Life – Smart Platina Advantage include:
-
Life insurance protection combined with long-term guaranteed benefits
-
Limited premium payment term with life cover continuing for the full policy duration
-
Tax benefits as per applicable provisions of the Income Tax Act, 1961
-
Option to receive maturity proceeds in instalments, ensuring post-maturity liquidity and financial flexibility
Designed as a long-term guaranteed savings solution, the plan is well suited for individuals seeking stability amid market volatility and wishing to remain financially prepared across different life stages. By combining guaranteed savings with life insurance protection, the product helps customers stay disciplined and committed to their long-term financial goals.
Commenting on the launch, M. Anand, President and Chief Distribution Officer, SBI Life Insurance, said, “In the current uncertain environment, consumers are increasingly looking for solutions that offer certainty, discipline, and dependable outcomes. ‘SBI Life – Smart Platina Advantage’ has been developed with this need in mind, offering guaranteed benefits along with life protection that customers can rely on, independent of market fluctuations. As financial planning continues to evolve, our aim is to help individuals achieve their long-term aspirations with secure and guaranteed benefits. This solution enables customers to pay premiums for a limited period while safeguarding their future commitments with assured outcomes. It reflects SBI Life’s continued commitment to strengthening financial resilience among individuals and families through transparent and certainty-driven insurance solutions.”
With flexible settlement options and optional riders, ‘SBI Life – Smart Platina Advantage’ adapts to changing financial needs while delivering guaranteed value over the long term. The launch further reinforces SBI Life’s promise of ‘Apne Liye, Apno Ke Liye’, strengthening its role as a trusted partner in ensuring peace of mind, guaranteed savings, and lifelong financial protection for customers across India.
