SBI Life Retire Smart
SBI Life Retire Smart


Retire Smart Plan Provisions

1 Provisions
1.1 Renewal
92% Pension Plans Life insurance plans have it !
1.1.1 Renewal Period
Bajaj Allianz R..
2 years
Rank: 3 (Overall)
HDFC Life Group Unit Linked Pension Plan Provisions
1.2 Riders
1.2.1 Accidental Death
17% Pension Plans Life insurance plans have it !
1.2.2 ADBR Description
Not Applicable
1.2.3 Critical Illness
8% Pension Plans Life insurance plans have it !
1.2.4 CI Description
Not Applicable
1.2.5 Term Rider
12% Pension Plans Life insurance plans have it !
1.2.6 TR Description
Not Applicable
1.2.7 Permanent Disability
8% Pension Plans Life insurance plans have it !
1.2.8 PD Description
Not Applicable

Retire Smart Plan Renewal

Some Retire Smart Plan provisions are made to facilitate extension of the policy term. Retire Smart Plan renewal is an act of extending the validity of this insurance policy. Policy renewal is done at the end of the policy term in case you wish to extend it further. Renewal is especially beneficial in case of as they provide life cover only for a specific period of time. Policy renewal is allowed for this insurance plan. Renewal period for this plan is 2 years.

Retire Smart Plan Riders

Riders are supplementary SBI Life Retire Smart Benefits added to the base policy purchased by the life insured. All riders are included under Retire Smart Plan provisions. Riders give you additional covers along with the main policy so that you can get extra benefits under single life insurance plan.

Riders provided by SBI Life Insurance

Retire Smart Plan riders provided by the insurance company include accidental death benefit rider, term rider, critical illness rider, etc. Accidental death benefit rider is a provision made in a life insurance policy to provide additional benefits in unfortunate event of death of the life insured due to some accident. Accidental death benefit rider is not provided for this life insurance policy.

Critical illness rider provides extra benefits for medical expenses in case the policy holder is diagnosed with some critical illness. Critical illness rider is not provided under this plan. A term rider acts in similar manner as a term insurance policy i.e. a monthly income will be provided to the nominee in event of death of the policy holder before end of the policy term. Term rider is not given for this insurance plan. The permanent disability rider can be very useful if the policy holder suffers permanent disability because of an accident. Permanent disability rider is not available for this insurance plan.

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