Smart Wealth Income Plan
A participating savings plan with income options: Early Income, Early Income with Guaranteed Money Back and Deferred Income.
Participating incomeKey features
- Guaranteed income plus bonuses if declared
- Maturity ages such as 60, 65 and 70 for applicable options
- Life cover during the policy term
Benefits of this plan
Goal based savings+
Plan for a child's education, marriage, or retirement income.
Life cover included+
Your family receives a benefit if something happens during the term.
Disciplined investing+
Regular premiums build a corpus over time.
Tax benefits+
As per prevailing tax laws.
How to buy through SP Insurance
- 1Share your goal, budget and how many years you can pay
- 2We get the official benefit illustration for your age and term
- 3Check guaranteed and non-guaranteed values with our advisor
- 4Submit KYC and the proposal; pay the first premium
- 5Receive the policy and set reminders for every renewal
Plan video
How and when the claim is paid
- 1On maturity, the insurer pays the maturity benefit to your bank account after you submit the discharge form and bank proof
- 2On death during the term, the nominee submits the claim form, death certificate, policy and bank details
- 3Payouts follow the benefit illustration and policy terms; our team helps with every form
Check before you buy
- Guaranteed benefits and non-guaranteed bonuses are shown separately in the benefit illustration
- Entry age, premium payment term and policy term depend on the variant chosen
- Surrender in early years can return less than the premiums paid
- A maturity age of 70 does not mean a person aged 60 to 70 can buy the plan; entry age rules apply
Family financial planning starts here
Savings & Investment
Smart Wealth Income Plan
Fill in the plan details and your name, mobile and email, then press Calculate. Your estimate and a branded PDF will appear here.
Approximate figures without discounts or benefits. The insurer sets the final premium after underwriting. Returns at 4% and 8% are illustrative, not guaranteed.
This page is a summary prepared by SP Insurance. The insurer's current brochure, prospectus and policy wording are the final reference for benefits, eligibility and exclusions.