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What is SBI Smart Money Back Gold Plan?
The SBI Smart Money Back Gold Plan is an individual insurance product that is primarily designed to be a non-linked participating plan.
For an individual to enjoy special moments of life such as wedding, graduation, etc it is important to be financially ready. The SBI Smart Money Back Gold Plan assists the policyholder to plan for life’s special moments by offering a wide range of terms that take care of various financial obligations for life’s crucial moments.
What is offered under this SBI Smart Money Back Gold Plan?
Under the plan, a nominee receives the sum assured combined with:
- terminal bonus
- simple reversionary bonus
This is applicable in the event of the policyholder’s demise. These bonuses are paid out even if the survival benefits have been paid.
Why SBI’s Smart Money Back Gold Plan?
Some of the top reasons why buying SBI’s Smart Money Back Gold Plan can be beneficial:
- State Bank of India is one of the most reputed and well-established banks in the country.
- The bank’s insurance division, SBI Life Insurance, offers some of the most innovative and flexible products and services.
- Its insurance solutions are tailored to meet individual insurance requirements.
- The SBI Smart Money Back Gold Plan offers a number of policy terms to help an individual meet several financial obligations across various crucial stages of life.
- The nominee registered under the policy receives the sum assured and terminal bonus plus a simple reversionary bonus in case of the policyholder’s unfortunate demise.
Additional read – SBI gold deposit scheme
One can buy SBI Life’s smart money back plan offline through the bank branches or through an SBI agent. One must fill a physical application form and submit required documents while applying for SBI Life Smart Money Back Gold Plan.