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Top 4 SBI Life Insurance Plans You Should Know About

Updated On Dec 23, 2021

Insurance Policy, ULIPs, Endowment Plan, Group Life Insurance Plan, Child's Life Insurance Plan, and Retirement Plan are just a few of the many life insurance policies available to satisfy the needs and requirements of people aged 18 to 65. Personalised plans for self-employed, salaried, business and professional persons, coverage up to Rs. 1 Crore, and a high claim settlement percentage are just a few of the features that distinguish SBI life insurance from the competition.

In India, There Are 4 Best SBI Life Insurance Plans:

The greatest life insurance policies given by the SBI life insurance company are listed below:

1. SBI Life e-Shield 

SBI Life's eShield plan is a tailored online term life insurance plan for those aged 18 to 65, designed to match their specific needs at affordable prices. The plan offers a level coverage benefit as well as a growing coverage benefit based on the contract's terms and circumstances. Furthermore, both alternatives are covered by the Accelerated Terminal Illness Benefit. Additionally, two rider benefit choices are available: Accidental Death Benefit Rider and Accidental Total and Permanent Disability Benefit Rider. Non-smokers and people who live healthy lifestyles get savings on their rates, which is a unique feature.

2. SBI Life - Smart Power

SBI Life - Smart Power is a unit-linked insurance plan that protects families financially. With the rider advantage of Accelerated Total and Permanent Disability Benefit, the plan offers both level and growing cover benefits. Furthermore, the plan gives two fund options: Smart Funds, which allows you to choose from a variety of funds, and Trigger Fund, which allows you to purchase low and sell high. The lowest age to invest in this plan is 18, and the maximum age to invest is 45. The length of service varies from 10 to 30 years.

3. SBI Life CSC Saral Sanchay 

SBI Life's CSC Saral Sanchay is a variable insurance plan that offers both insurance and savings possibilities. Throughout the policy term, a guaranteed interest rate of 1% per year is offered. The plan also includes quarterly interest increments for the duration of the policy, as well as a partial withdrawal option beginning in the sixth policy year. Its online application process is based on Aadhar numbers. The minimum age to apply for this coverage is 18, while the maximum age range varies depending on the plan.

4. SBI Life Smart Money Planner 

SBI Life's Smart Money Planner is an individual endowment policy that provides life insurance for the duration of the policy and regular income based on the needs of the life assured during the benefit payment period. Furthermore, during the benefit payment period, the sum promised is paid in equal instalments. The life assured is given four policy options, each with either a limited premium payment option or a single premium payment option, from which he or she can select the most appropriate policy. The minimum age to enrol in any of the four plans is 18, while the maximum age ranges from 50 to 60 years old, depending on the policy selections


A life insurance policy is essentially a contract between an individual and an insurance provider in which the firm agrees to pay a specific sum of money to the individual's family or beneficiary in exchange for monthly payments over time. Premium payments are normally made once a year. A policyholder is the person who purchases insurance.Life insurance provides much-needed risk protection while also allowing you to increase your funds. It's also a useful tool for saving money for the future.

You may also like to read - 5 Reasons You Should Purchase A Term Insurance With High Sum Assured

Why should i choose SBI Life Insurance?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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