Life is unpredictable—but your family’s financial security shouldn’t be. Our comprehensive range of Life Insurance Plans, including the powerful SBI Life – Smart Shield Premier, helps you safeguard your loved ones with guaranteed protection, flexible premium options, and long-term financial peace of mind.
Whether you’re looking for pure term protection, long-term wealth creation, retirement security, or child future planning—this page helps you explore the best plan for your needs.
Why Life Insurance Is Essential for Every Family
Life insurance is more than a policy. It is a long-term promise to protect your family from financial uncertainty.
With rising responsibilities, loans, and future commitments, choosing a high-coverage, low-cost plan is crucial so your family never compromises on their dreams—even in your absence.
Featured Plan: SBI Life – Smart Shield Premier
An Individual, Non-Linked, Non-Participating Pure Risk Life Insurance Plan
SBI Life – Smart Shield Premier is a dedicated term insurance plan designed to offer high coverage at an affordable premium. Built with flexibility and security at its core, this plan ensures your loved ones stay financially protected through all phases of life.
Key Features
- High financial protection at an affordable cost
- 2 Benefit Options:
- Level Cover – Fixed coverage throughout the policy
- Increasing Cover – Coverage increases every 5 years
- Coverage available up to 85 years of age
- Flexible premium payments – pay for full term or limited period
- Optional Rider for extended safety:
- SBI Life – Accident Benefit Rider (Accidental Death / Partial Permanent Disability)
- Tax Benefits under Income Tax Act, 1961*
Plan Benefits at a Glance
1. Level Cover Option
Ideal for families seeking fixed protection.
- The Sum Assured remains constant throughout the policy term.
2. Increasing Cover Option
Perfect for long-term financial planning.
- Sum Assured increases by 10% after every 5th policy year
- Maximum increase up to 100% of the base Sum Assured
- Increase stops after age 71
Death Benefit
In the event of the life assured’s unfortunate death during the policy term (while policy is active), the Sum Assured on Death is paid, and the policy terminates.
The Sum Assured on Death is the highest of:
- Absolute Amount Assured on Death, or
- 11 × Annualized Premium, or
- 105% of Total Premiums Paid
Absolute Amount Assured on Death based on option:
- Level Cover: Base Sum Assured
- Increasing Cover: Sum Assured + periodic increases as per plan rules
Maturity Benefit
❌ No maturity benefit is payable under this plan.
As a pure protection plan, all benefits are paid only on death of the life assured.
Why Choose This Term Plan?
Security
- High coverage for your family’s long-term financial needs
Flexibility
- Choice of benefit options & premium payment modes
- Coverage available up to age 85
Reliability
- Backed by SBI Life’s trustworthy claim settlement record
- Designed for long-term risk protection
Disclaimer
Life insurance products, features, riders, benefits, and tax advantages are subject to terms, conditions, and guidelines of the respective insurer and the Income Tax Act, 1961. Tax laws are subject to change. Please read all policy brochures carefully before purchasing. Riders are optional and available at additional cost. This content is for informational purposes only and does not constitute financial advice.