SBI Life Insurance launches Flexi Smart Plus

MUMBAI: SBI Life Insurance today launched Flexi Smart Plus, a product designed to to create wealth with protection cover.

"The Flexi Smart Plus plan strengthens our product offering by catering to customers who are looking to create wealth, while protecting their loved ones. It also assures guaranteed returns," SBI Life Managing Director and CEO Atanu Sen said in a release issued here.

The product is available at a minimum premium amount of Rs 50,000 per annum, with an option of annual, half-yearly, quarterly premium and monthly modes.

The policy term is minimum five years and maximum 30 years with the flexibility to increase the chosen policy term and is open for the age group of 18 to 60 years with the maximum age of maturity being 65 years.

SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif.