SBI Life - Smart Shield Plus
UIN: 111N150V01
Product Code: 4C
A life insurance plan that evolves with your growing needs.
Long term financial planning is the cornerstone for a secured financial future. You need a right plan that will help you to pursue your dreams while securing your loved ones because life’s uncertainties can arise when you least expect. Be prepared for life’s uncertainties with an insurance plan that can adapt to your changing life stages, offering both protection and peace of mind.
SBI Life – Smart Shield Plus is an Individual, Non-linked, Non-Participating, Life Insurance, Pure Risk Product with benefits crafted for your growing needs to create a secured life for Apne Liye, Apno Ke Liye.
Key Benefits -
- Life Cover at an affordable premium
- 3 Plan Options* : Increasing Cover, Level Cover with Future Proofing Benefit & Level Cover
- Enhanced protection with optional Better Half Benefit and Rider^
*3 Plan Options: Increasing Cover Benefit: Sum Assured increases at a simple rate of 5% of Sum Assured every policy anniversary (maximum increase of 100% of Sum Assured). Level Cover with Future Proofing Benefit: Option to increase in Sum Assured at specific Life Stages, subject to terms and conditions. Level Cover Benefit: Sum Assured remain constant throughout the Policy Term.
#SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
Highlights
SBI Life - Smart Shield Plus Term Plan
Amit, being care free about the future has Leveled up with SBI Life - Smart Shield Plus to secure his family's future.
Enter the form fields below and find out how you can live life worry-free with SBI Life - Smart Shield Plus plan.Name:
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Sum Assured
Premium frequency
Premium amount
(excluding taxes)
Premium Payment Term
Policy Term
Features
- Choice of 3 Plan Options: Level Cover with Future Proofing Benefit, Increasing Cover Benefit & Level Cover Benefit to suit your Protection needs
- Options to customize the plan to meet your requirements
- Better Half Benefit Option
- Additional coverage through optional Rider#
- Life cover upto 100 years (Whole life) or 79 years (other than Whole Life)
- Option to Pay premium – Only once or for limited period or entire policy term
#SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)
Advantages
Security
- Avail financial security for your family based on your needs
Flexibility
- Choice of 3 plan options
Simplicity
- Customize the plan to meet your requirements through
- Better Half Benefit Option
- Optional Rider
Reliability
- Life cover upto 100 years (Whole life) or 79 years (other than Whole Life)
Affordability
- A perfect fit in your financial planning with affordable premium
Death Benefit:
In case of death of Life Assured during the policy term, we will pay the “Sum Assured on Death”, which is :
- For Regular and Limited Pay Policies: Higher of the following:
- A. 11 times the Annualized Premium1, or
- B. Absolute amount Assured on death+, or
- C. 105% of the Total Premiums Paid2 up to the date of death
- For Single Pay Policies: Higher of the following:
- A. 1.25 times of Single Premium3, or
- B. Absolute amount Assured on death+
1Annualized Premium is the premium amount payable in a year, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.
2Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
3Single Premium means the premium amount payable in lump sum at policy inception excluding taxes, rider premium and underwriting extra premiums.
+Absolute Amount Assured on death will depend on the plan option chosen by you at the policy inception as follows:
| Plan Option Opted | Absolute Amount Assured on Death |
| Level Cover Benefit | Sum Assured |
| Increasing Cover Benefit | Sum Assured chosen at inception with sum assured increases till the date of death |
| Level Cover with Future Proofing Benefit | Sum Assured chosen at policy inception plus any additional Sum Assured on account of exercising the Future Proofing Benefit till the date of death |
^^ For Monthly mode, upto 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS).
$$Premium shown above are excluding applicable taxes and underwriting extra. Taxes will be applicable as per the prevalent tax laws
4C/ver1/08/25/WEB/ENG
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on risk factors, terms and conditions of riders please read the rider brochure carefully before concluding a sale.
*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
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. For further details click here. Please consult your tax advisor for details