Plan Type
Individual • Non-Linked • Non-Participating.
Savings • Life Cover • Guaranteed Income
Smart Platina Supreme
Regular Guaranteed Income with Life Protection
Pay for limited years, enjoy structured guaranteed incomes during your chosen payout period.
- Independent & need-based advice
- Non-linked • Non-participating
- IRDAI-style compliance
What This Plan Offers
- Life cover through the term
- Guaranteed periodic income during payout years
- Fixed % of total premiums returned at maturity (as per product terms)
- Limited premium-pay terms; benefits for longer
Great for predictable, non-market income to fund education, lifestyle, or retirement.
Key Highlights
Fast facts about how this plan works—at a glance.
Income Options
Choose Level or Increasing guaranteed income.
Payout Modes
Yearly / Half-Yearly / Quarterly / Monthly.
Pay Terms
Limited pay: 6 / 7 / 8 / 10 years.
Maturity Boost
Fixed % of total premiums returned at term end*.
Optional Rider
Accident benefit (death/partial disability) available.
Tax Treatment
Potential benefits under 80C & 10(10D)**.
No Market Risk
Guaranteed incomes; not market-linked.
* Exact percentage depends on the chosen insurer’s approved product terms. ** Tax treatment depends on individual eligibility and prevailing laws.
How It Works
Pick annual premium & mode → Choose pay term (6/7/8/10) → Choose payout period (15/20/25/30 yrs) & income option → After pay term + 1 year, incomes start → Maturity return at end of policy term.
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Pick Your Annual Premium & Mode
Choose a comfortable annual premium and payment mode (Yearly / Half-Yearly / Monthly).
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Select Pay Term
Pay for 6 / 7 / 8 / 10 years — limited-pay for long-term benefits.
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Choose Payout Period & Income Option
Pick payout years (e.g., 15 / 20 / 25 / 30) and income type (Level or Increasing).
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Income Starts
After pay term + 1 year, your guaranteed incomes begin at your chosen frequency.
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Maturity Return
At policy end, receive the maturity return as per product terms (fixed % of total premiums).
Benefits at a Glance
Simple, predictable outcomes designed for real-life planning.
Survival / Income Benefit
Receive guaranteed periodic incomes during the payout years at your chosen frequency (Yearly / Half-Yearly / Quarterly / Monthly).
Maturity Benefit
At the end of the policy term, get a fixed percentage of total premiums (e.g., up to 110%) as per the selected product’s terms. Exact figures will be shown in your personal illustration.
Death Benefit
- Level / Increasing Income options: Sum Assured on Death is paid as a lump sum.
- For certain options, the nominee may continue to receive the remaining guaranteed incomes (or opt for a discounted lump sum of future incomes) as allowed by product terms.
Optional Rider
Add an Accident & Partial Disability rider for enhanced protection. Rider premium is separate and subject to underwriting rules.
Eligibility & Basic Parameters
Check the key age limits, terms, and contribution options before you plan.
Parameter
Minimum
Maximum
Entry Age
30 days*
60 years**
Maturity Age
—
99 years**
Premium-Pay Term
6 / 7 / 8 / 10 years
—
Payout Period
13 / 15 / 20 / 25 / 30 yrs†
—
Premium Mode
Yearly / Half-Yearly / Monthly
—
Annual Premium
₹50,000
No preset cap (as per underwriting)
Basic Sum Assured
As per premium multiple
Subject to underwriting
Practical Extras (Customer Protections)
Additional safety features built into most guaranteed income plans.
Reduced Paid-Up
If premium stops after minimum paid years, the plan continues with reduced guaranteed benefits.
Surrender Value
Available after paying at least two full years’ premiums — get higher of Guaranteed or Special Surrender Value.
Policy Loan
Borrow up to ~50–80% of surrender value once eligible (interest rates apply).
Revival Facility
Revive a lapsed policy within 5 years — subject to underwriting & interest payment.
Grace Period
30 days for yearly/half-yearly mode; 15 days for monthly mode.
Free-Look
30 days from receipt of policy to review and return if not satisfied.
Exclusion
Suicide clause applies per IRDAI norms — payout limited to 80% of premiums or surrender value.
Example (Educational, Non-Branded)
Profile used only to show the plan shape — exact figures will be shared in your personalized IRDAI-style illustration.
- Age 35
- ₹1,00,000 / year premium
- Pay 10 years
- Payout 25 years
- Annual income frequency
Pay Term
Pay for 10 years
+1 year
Benefit build window
Payout Period
25 years of guaranteed incomes
- Incomes start after Pay Term + 1 year
- Frequency as chosen (Y/HY/Q/M)
Maturity
Fixed % of total premiums returned*
* Percentage and conditions vary by insurer & plan option. We’ll confirm in your personalized illustration.
Who Is This Plan Right For?
Pick the scenario that matches your goal.
Why Plan With Praveen Sharma
Independent, need-based guidance with clear illustrations and end-to-end support.
Independent & Need-Based
Compare multiple IRDAI-registered insurers and pick what fits your goals—no brand bias.
Clear Benefit Illustrations
Side-by-side income numbers, maturity return %, and death benefit views—before you decide.
End-to-End Assistance
From proposal & documentation to issuance and ongoing service—including claim guidance.
Get a Personalized Illustration
Share a few details and I’ll send you a clear, IRDAI-style benefit sheet with incomes, maturity value, and protections.
FAQs — Quick Answers
Simple clarifications so you can decide with confidence.
Level Income vs Increasing Income?
Level Income pays the same amount every period during the payout years—good for a steady “second income” or EMIs.
Increasing Income rises each year by a simple % (e.g., +5% p.a. from Year 2) to help counter inflation—useful for long payout periods.
Can I change the income frequency later?
Typically yes, once, and usually before payouts begin (per policy rules). Your illustration will confirm if/when you can switch between yearly/half-yearly/quarterly/monthly.
Can I take a discounted lump sum instead of future incomes?
Some variants allow the nominee (or you at maturity) to take the discounted present value of remaining guaranteed incomes instead of periodic payouts. Availability and discount rate are product-specific—shown in your illustration.
Tax benefits under Sections 80C & 10(10D)?
Premiums may qualify under 80C and maturity/death proceeds may be eligible under 10(10D), subject to prevailing rules and thresholds. Tax treatment depends on individual eligibility; please check with your tax advisor.
Can I buy multiple policies?
Yes—subject to underwriting and overall financial suitability across insurers. We’ll right-size cover and income so it fits your goals and profile.
Compliance & Disclaimer
We follow transparent, regulation-aligned advisory practices.
- IRDAI-registered insurers
- Non-linked, non-participating
- Data confidentiality
Disclaimer (Educational): This page is for educational and informational purposes only and does not represent or promote any specific insurer or trademarked product. All insurance policies are issued only by IRDAI-registered insurers. Clients should carefully review the official product brochures, benefit illustrations, and policy terms & conditions before purchase.
Tax note: Tax benefits and treatment depend on individual eligibility and prevailing laws (e.g., Sections 80C and 10(10D) of the Income Tax Act, 1961) and may change. Please consult your tax advisor.