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Home > Protection Plans > SBI Life - Smart Shield

SBI Life - Smart Shield
(UIN : 111N067V03)

(Product Code : 45)
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Key Features
Plan at a Glance
SBI Life - Smart Shield is a traditional non-participating pure term life insurance plan, which is a one stop solution that meets all your insurance needs. With Options and benefits specially tailored for those who want best financial protection at an affordable cost, this is the perfect plan from your preferred insurance provider, so that your family stays protected, even when you are not around.
Key Features:
Establishes a solid foundation for a lifetime of financial security for your family at an affordable cost.
Rewards you for maintaining a healthy lifestyle.
Two plan options to give you freedom from your liabilities.
Large Sum Assured rebates.
You can also customize your coverage by choosing from a wide range of additional riders
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02)
SBI Life - Accidental Total and Permanent Disability Benefit Rider ( UIN: 111B016V02)
SBI Life – Criti Care 13 Non Linked Rider (UIN: 111B025V02)
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
i) Level Term Assurance
ii) Increasing Term Assurance
Sum Assured (Allowed in multiples of Rs.1,00,000 only) Min: Rs 25,00,000 Max: No limit
This shall be subject to board approved underwriting policy
Policy Term Min: 5  years Max: 30 years
Premium Paying Term Regular Premium - pay premium throughout the chosen policy term
Single Premium - pay premium once for coverage till the end of policy term
Premium Modes
Single Premium (SP), or Regular Premium(RP) (Yearly / Half-yearly / Quarterly / Monthly#)

Premium Amounts

Single Premium : Rs. 11,000

Regular Premium :

Yearly : Rs. 3,000
Half-yearly : Rs. 1,500
Quarterly : Rs. 750
Monthly# : Rs. 300
This would depend on the Sum Assured being offered as per board approved underwriting policy
^ 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.
Level Term Assurance: Effective Sum Assured as on date of death will be level Sum Assured opted.
Increasing Term Assurance @ 5%: Effective Sum Assured as on date of death will be Sum Assured increased at simple 5% per annum.
Maturity Benefit: No Maturity benefit is available under this product.
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. For details on benefit, please refer the policy document.
SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02)
The rider Sum Assured would be payable on the Life Assured being diagnosed with any of the thirteen diseases. For details on illnesses covered, please refer the rider brochure.
  Note: The rider Sum Assured cannot be more than the basic Sum Assured.These riders are available with both Level Term Assurance and Increasing Term Assurance Plan Options. The riders will have a level cover even if they are opted with the Increasing Term Assurance.
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)
SBI Life - Criti Care 13 Non-Linked Rider (UIN: 111B025V02)
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, exclusions, please read rider brochure
45.ver.01-05/16 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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