SBI Term Insurance Plans

SBI Life Term Insurance Plans are affordable life insurance solutions. The policyholders can compare different term insurance plans and buy the one that best suits their financial needs.

Here’s a list of term life insurance plans offered by SBI Life:

SBI Life Arogya Shield

It is a pure protection plan that provides dual benefits to policyholders. This SBI Term Insurance Plan provides both health insurance and life coverage under a single plan. The key features of the SBI Life Arogya Shield plan are highlighted below:

• Get a 5% extra discount on the premium paid against the policy
• Pay a single premium for both health and life coverage
• Avail of cashless claim facility for health coverage
• Get life coverage up to Rs. 25,00,000 sum assured.

SBI Life- eShield Next

Unfortunate events like the demise of the breadwinner of the family can create a financial contingency for the other family members. Therefore, this SBI Life term insurance plan enables the policyholders to secure the financial needs of their families. The key features of SBI Life- eShield Next Plan is highlighted below:

• It is available in 3 variants- level cover, increasing cover, and level cover with future
• Customise the term insurance plan as per your specific needs
• Enhance the coverage of your plan by including 2 riders
• Get life coverage up to 100 years in whole life insurance

SBI Life Saral Jeevan Bima

It is an individual, non-linked, and non-participating term insurance plan. It is an ideal SBI Life Term Policy for those who are looking for a pure protection plan and investing first time in any life insurance product. The key features of SBI Life Saral Jeevan Bima are highlighted below:

• Secure the future of your family at an affordable cost
• Get tax benefits prevailing as per the Income Tax Act 1961
• Option to surrender the policy in a free look period of 15 days starting from the purchase of the policy.
• Get coverage for accidental death after the waiting period of 45 days.

SBI Life Smart Shield

Planning for the future is an important task we perform since childhood. In adulthood, the most important task is to plan the future of our loved ones and secure them financially against unfortunate events. SBI Life Smart Shield term insurance plan comes in handy to help you financially protect your family. The key features of the plan are highlighted below:

• Provides lifetime financial protection at an affordable premium
• Get discounts on purchasing a term plan with a high sum assured
• Enjoy rewards for maintaining a healthy lifestyle
• Enhance your term insurance plan coverage by purchasing riders.

SBI Life Grameen Bima

It is an individual, non-linked, and non-participating pure risk premium life insurance plan. The plan provides life coverage to the policyholders in exchange for a one-time premium payment. The key features of the SBI Life Grameen Bima plan are highlighted below:

• Surrender benefit applicable after the completion of the first year of the policy
• The death benefit is paid in a lump sum to the beneficiary in case of the policyholder's demise
• The policyholders may not have to undergo any medical examination
• Get tax benefits as per the norms of the Income Tax Act, 1961