BiFeO3-based ceramics have recently garnered much interest among researchers owing to their valuable and outstanding characteristics. For this reason, the 0.7(Na0.5Bi0.5)TiO3-0.3(Bi0.7Sm0.3FeO3) ceramic was successfully synthesized by a solid-state route. The central purpose of this research is to investigate the substitution influence of Na, Ti, and Sm on the structural, dielectric, and electric properties of 0.7(Na0.5Bi0.5)TiO3-0.3(Bi0.7Sm0.3FeO3), as well as to explore its potential applications as it exhibits multiple novel functions. Notably, a structural transition from rhombohedral R3c to orthorhombic P4mm occurred within this material. In this respect, a suitable equivalent electrical circuit was invested to assess the contributions of grains and grain boundaries to the complex impedance results. Electrical conductivity was attributed to the correlated barrier hopping (CBH) motion of the oxygen vacancies in the sample. The temperature dependence of the dielectric constants revealed the presence of a phase transition. The local disorder provides a dependence of the real part of the permittivity on the frequency which characterizes a relaxor ferroelectric-type behavior of a lead-free material. The modified Curie-Weiss law, in addition to the Vogel Fulcher and Debye law relationships, was utilized to analyze the diffuse transition phase. Furthermore, the studied compound displayed promising electrical properties and chemical stability and proved to be a good relaxor. In this regard, a correlation between dielectric and electric behavior near the ferro-paraelectric phase transition was established.