SBI Life Insurance has launched SBI Life-Flexi Smart Plus insurance plan, targeting multiple customer segments with low risk appetite. The product is available at a minimum premium of Rs.50,000 annually. The minimum term of the policy is five years and the maximum term 30 years. The product is open for the age group of 18 to 60 years with the maximum age of maturity being 65 years, SBI Life said in a statement. — Special Correspondent