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Home > Protection Plans > SBI Life - Saral Shield

SBI Life - Saral Shield
(UIN : 111N066V02)

(Product Code : 47)
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Key Features
Plan at a Glance

SBI Life - Saral Shield is a traditional non-participating pure term Insurance plan. At an affordable cost, SBI Life Saral Shield provides cover for your family and ensures that a proper safety net is created. Thus, it guarantees that there will be no compromise on your dreams and ambitions for your loved ones.
Key Features
Hassle-free, convenient and easy issuance.
Financial Security.
Freedom from your liability by choosing one of the following plan options:
  Level Term Assurance;
  Decreasing Term Assurance (Loan Protection);
  Decreasing Term Assurance (Family Income Protection)
Special premium discounts for women
Large sum assured rebates.
Enhance your protection by availing two riders-SBI Life- Accidental Death Benefit Rider and SBI Life- Accidental Total and Permanent Disability Rider.
Tax benefits* as per prevailing norms under the Income Tax Act, 1961.
*Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
Plan at a Glance

Age^ at Entry Min: 18  years Max: 60 years
Age^ at Maturity Max: 65 years
Plan Options 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 
Policy Term Min: 5  years
Level Term Assurance &
Decreasing Term
Assurance(Family Income
30 years
Decreasing Term
Assurance(Loan Protection)
Equal to the outstanding loan term subject to maximum of 30 years
Premium Paying Term

Regular Premium - pay premium till the chosen policy term
Single Premium - pay premium once for coverage till the chosen policy term

Premium Modes

For Level Term Assurance:
Single Premium (SP), or 
Regular Premium(RP) : Yearly / Half-yearly / Quarterly / Monthly#

For Decreasing Term Insurance (Loan Protection) & Decreasing Term Insurance (Family Income Protection) : Single Premium

Min Premium Amounts
Regular Premium:  
Yearly: Rs. 2,000/- ( x 100 )
Half-yearly: Rs. 1,100/- ( x 100 )
Quarterly: Rs. 600/- ( x 100 )
Monthly#: Rs. 250/- ( x 50 )
Single Premium: Rs. 10,000/- ( x 1000 )
^ All the references to age are age as on last birthday.

# For Monthly mode, 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card).

For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction.
Death Benefit: In case of the unfortunate demise of the life assured during the term of the policy, the nominee will receive the benefits, depending on the plan option chosen.
Maturity Benefit: No survival benefit available at the end of the term.


SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
In case of death due to an accident, the Rider Sum Assured is payable in addition to normal death benefit.
SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN: 111B016V02) The Rider Sum Assured will be paid on the Life Assured being found eligible for the Total Permanent Disability Benefit as defined in the policy document.
Instant Premium Reckoner##
Age of
Life Assured
For SA -  Rs. 10 Lakhs  For SA -  Rs. 20 Lakhs
Policy Term (in years)/ Premium (in Rs) Policy Term (in years)/ Premium (in Rs)
10 15 20 25 10 15 20 25
25 NA** NA** NA** 2187 3120 3120 3366 3774
30 NA** 2184 2457 2839 3382 3768 4314 5078
35 2518 2904 3422 4042 4436 5208 6244 7484
40 3378 4064 4850 5783 6156 7528 9100 10966
45 4914 5943 7131 NA** 9228 11286 13662 NA**

##Note: The above annual level term assurance premiums are for a standard, healthy male life and are inclusive of large sum assured rebate. The above rates are exclusive of service tax.
SA: Sum Assured.   NA**: Not Available for this combination.
Tax Benefits
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details: Please consult your tax advisor for details.
Rider Brochure:
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN: 111B016V02)
These are only the brief features of the plan .For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For more details on Riders, terms and conditions please read rider brochure.
47.ver.02-05/15 WEB ENG
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS.IRDAI clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
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