SBI Life – Smart Women Advantage Plan Review & Analysis

SBI life – Smart women Advantage plan offers – Life Cover, Saving / Investment, Covers Female specific critical illness. Check benefits & Premium of Smart Women Advantage Plan which was launched on international women day (08-Mar-2016)

The plan comes with two basic options – Gold Plan and Platinum Plan.

Maturity Benefit on Survival – Basic Sum Assured* + Vested Simple Reversionary Bonuses + Terminal bonus.

Critical illness Benefit (For In-force policies): Is payable based on stage of severity:-

1. At the Minor Stage of CI, the benefit payable is 25% of CI Sum Assured.
2. At the Major Stage of CI, the benefit payable is 100% of CI Sum Assured less any previously paid CI claims under the policy.
3. At the Advanced Stage of CI, the benefit payable is 150% of CI Sum Assured less any previously paid CI claims under the policy.

Where CI sum assured = SAMF x Guaranteed Sum Assured at Maturity.

CI sum assured and absolute amount assured on death are equal.

Important Details of Smart Women Advantage Saving Plan: