Bangalore: SBI Life launches a variable non participating insurance plan - Flexi Smart Insurance. The objective of this product is to provide safety for customer's investment and stable returns to risk-averse customers having preference for non market linked plans. The product is available at an affordable minimum premium amount of Rs. 1,500 per month.
The Flexi Smart Insurance has Premium Holiday Option available. During financial problems, the policy holder can take a break from paying premium payments upto three years during the policy term. However, the life cover will continue to be available to the policyholder during this premium-holiday period, without deduction of mortality charge.
Flexi Smart Insurance also provides the option of investing any money in the form of Top-up premium. Also, depending on the changing protection needs, customer can choose to increase or decrease the Sum Assured without increasing the regular premium, from the 4th Policy Year onwards.
