SBI Life has launched a variable plan – ‘Flexi Smart’, which aims to provide stable returns to investors. Flexi Smart Plan would give investors an option to change the sum assured and flexibility of premium payment and interim and additional interest rates.
Salient Features of Flexi Smart Plan
1- Guaranteed Interest Rate
Guaranteed interest rate of 2.50% p.a., will be guaranteed for the entire policy term.
2- Interim Interest RateAn interim interest rate will be declared at the beginning of every financial year, which will be equal to or more than Guaranteed Interest Rate and will be guaranteed for that year.
3- Additional Interest RateAn additional interest rate may also be declared, as on 31st March, every year. Policy account will be credited with interim interest rate and additional interest rate,if any.
4- Other Flexibilities
• Flexibility in premium frequency i.e. Yearly, Half Yearly, Quarterly and Monthly.
• Option of premium holiday during the policy term.
• Enjoy complete flexibility to increase or decrease your Sum Assured.
• Option to choose sum assured multiplier factor (SAMF).
• Option to boost investments through Top-ups.