A power-packed ‘SBI Life-Smart Future Choices’ savings product has been launched by SBI Life Insurance. In tandem with their customer-centric approach, SBI Life through ‘Smart Future Choices’ seeks to give its consumers the autonomy to shape their life insurance policy as per their needs, right from the very start of the policy and throughout their policy term too, enabling them to effectively carve their future plans.
Tapping into the rising consumer awareness on the need for insurance, the individual, non-linked, participating life insurance savings plan empowers consumers with the ‘Power to Choose’ various options and benefits as per their changing needs from time to time throughout the policy term. SBI Life’s ‘Smart Future Choices’ aims to allow consumers to select options like choosing the premium amount, term policy or premium payment term along with the capacity to review the features of the life insurance plan as per their changing needs and requirements. The plan provides a unique opportunity to choose benefit pay-outs in lump sum or flexibly. One can also avail regular cash bonus and pay-outs as per their evolving requirements.