Barkha Singh
Family Protection & Term Insurance Specialist · Raipur, CG
Standard Term Insurance vs. 100% Refundable Term Plan (TROP)
Many individuals hesitate to buy standard term insurance because unused premiums do not yield anything back. SBI Life Smart Swadhan Supreme (TROP) completely eliminates this friction: it shields your family with a multi-crore life cover for 30 full years, and upon survival, every single rupee paid as basic premium is returned to you 100% tax-free.
★ Comprehensive Protection at Effective Zero Net Cost
If an unfortunate event occurs, your family receives the full Sum Assured immediately. If you survive the term, 100% of your deposits are refunded to fund your retirement or family goals. It is a win-win structure.
Coverage Comparison: ₹25L, ₹50L & ₹1 Crore
*Policy Term: 30 Years · Premium Payment Term: 10 Years Limited Pay
| Age (Years) | Sum Assured (Life Cover) | Yearly Premium (Pay 10 Yrs) | Total Paid (10 Yrs) | 100% Refund at Maturity (30th Yr) |
|---|---|---|---|---|
| Tier 1: ₹25,00,000 (₹25 Lakh Cover) | ||||
| Age 30 | ₹25,00,000 | ₹14,456 / yr | ₹1,44,560 | ₹1,44,560 (100% Refund) |
| Age 35 | ₹25,00,000 | ₹19,448 / yr | ₹1,94,480 | ₹1,94,480 (100% Refund) |
| Age 40 | ₹25,00,000 | ₹27,107 / yr | ₹2,71,070 | ₹2,71,070 (100% Refund) |
| Age 45 | ₹25,00,000 | ₹38,972 / yr | ₹3,89,720 | ₹3,89,720 (100% Refund) |
| Tier 2: ₹50,00,000 (₹50 Lakh Cover) | ||||
| Age 30 | ₹50,00,000 | ₹22,936 / yr | ₹2,29,360 | ₹2,29,360 (100% Refund) |
| Age 35 | ₹50,00,000 | ₹31,877 / yr | ₹3,18,770 | ₹3,18,770 (100% Refund) |
| Age 40 | ₹50,00,000 | ₹45,628 / yr | ₹4,56,280 | ₹4,56,280 (100% Refund) |
| Age 45 | ₹50,00,000 | ₹66,676 / yr | ₹6,66,760 | ₹6,66,760 (100% Refund) |
| Tier 3: ₹1,00,00,000 (₹1 Crore High Net-Worth Cover) | ||||
| Age 30 | ₹1,00,00,000 | ₹38,099 / yr | ₹3,80,990 | ₹3,80,990 (100% Refund) |
| Age 35 | ₹1,00,00,000 | ₹53,772 / yr | ₹5,37,720 | ₹5,37,720 (100% Refund) |
| Age 40 | ₹1,00,00,000 | ₹77,984 / yr | ₹7,79,840 | ₹7,79,840 (100% Refund) |
| Age 45 | ₹1,00,00,000 | ₹1,15,044 / yr | ₹11,50,440 | ₹11,50,440 (100% Refund) |
₹1 Crore Base Cover + ₹1 Crore Accidental Death Benefit = Total ₹2 Crore Protection
Under the Accidental Death Benefit Rider, in the event of death due to an accident, the nominee receives the base sum assured plus an equivalent accidental rider sum assured—yielding a total payout of up to ₹2,00,00,000.
Verified Claim Settlement Record · CG Region
SBI Life has honored single death claims of up to ₹1,90,00,000 with seamless dispatch to beneficiary families in the Chhattisgarh region. Backed by industry-leading 99%+ claim settlement ratio.
Frequently Asked Questions
Yes. If the life assured survives the 30-year policy term, 100% of all basic premiums received (excluding applicable taxes/riders) are completely refunded as a maturity benefit.
Under this Limited Pay option, you only pay for 10 years. After 10 years, no premiums are owed, while your ₹50 Lakh or ₹1 Crore cover stays active for the entire 30-year policy term.
Depending on age and sum assured, many proposals qualify on simple tele-mer or digital declarations. For ₹50 Lakh or ₹1 Crore covers, doorstep medical checkups are arranged at no cost.
No. The maturity return of premium is exempt from income tax under Section 10(10D), subject to standard regulatory guidelines.