SBI Life - Saral Shield is a traditional non-participating pure term plan, At a affordable cost, Saral Shield provides cover for your family and ensures that a proper safety net is created. Thus, it guarantees that there will be absolutely no compromise on your dreams and ambitions for your loved ones, at all times.
Isn’t it great? So, get the Shield advantage now!!
Hassle-free, convenient and easy issuance.
Wide varieties of plan options to give you freedom from your liabilities.
Large sum assured rebates.
Enhance your protection by availing two riders-
Note: The following riders are not available for sale w.e.f. 1st October, 2013
Accidental Death Benefit Rider (UIN: 111B015V01)
Accidental Total and Permanent Disability Rider (UIN: 111B016V01)
Tax benefits as per prevailing norms under the Income Tax Act, 1961.
Age at Entry
Min: 18 years
Max: 60 years
Age at Maturity
Max: 65 years
Level Term Assurance
Decreasing Term Assurance (Loan Protection)
Decreasing Term Assurance (Family Income Protection)
Sum Assured(x 50,000/-)
Min: Rs. 7,50,000 Max: Rs. 24,00,000
Min: 5 years
Max: For Level Term Assurance and Decreasing Term Assurance(Family Income Protection) - 30 years For Decreasing Term Assurance (Loan Protection) - Equal to the outstanding loan term subject to maximum of 30 years
Premium Paying Term
Same as policy term
For Level Term Assurance:
Single Premium (SP), or Regular Premium(RP) (Yearly / Half-yearly / Quarterly / Monthly**) For Decreasing Term Insurance (Loan Protection) & DecreasingTerm Insurance (Family Income Protection) : Single Premium