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SBI Life - SMART SHIELD
UIN: 111N067V05
Product Code: 45
Blissful moments. Protected.
- Plan options to provide relief from liabilities
- Three rider options
- Rewards for a healthy lifestyle
- Rebates on large sum assured
A traditional non-participating pure term life insurance plan
Have you planned for your family’s financial requirements in case of an eventuality?
Now give them adequate protection to meet their financial needs. Apply for SBI Life – Smart Shield, a pure term plan, and get peace of mind, knowing that your family is financially secured.
This term plan offers –
Try our Benefit Illustrator below to see how affordable it is to safeguard your family's future.
Have you planned for your family’s financial requirements in case of an eventuality?
Now give them adequate protection to meet their financial needs. Apply for SBI Life – Smart Shield, a pure term plan, and get peace of mind, knowing that your family is financially secured.
This term plan offers –
- Security – providing financial protection for your family
- Flexibility – choose from two plan options according to your needs
- Affordability – through rider benefits at an affordable cost
Try our Benefit Illustrator below to see how affordable it is to safeguard your family's future.
Highlights
A traditional non-participating pure term life insurance plan
Kavita is now worry-free because she knows that the needs of her family will be met even in her absence with this pure term plan.
Enter the form fields below and find out how you can provide financial protection for your family with SBI Life – Smart Shield.DOB:
Gender:
Male FemaleJ & K Resident:
Yes NoSmoker/Non Smoker:
Yes No
Sum Assured
Basic
Premium frequency
Premium amount
(excluding taxes)
Premium Paying Term
Policy Term
Features
- Protect your family's financial future against an eventuality
- Pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance
- Get comprehensive coverage at an affordable cost with three rider options
Advantages
Security
- Provide a solid foundation of financial security for your loved ones
- Choose one of the two plan options that best suits your financial needs
- Enhance your coverage through three rider options at a nominal cost
- SBI Life - Accidental Death Benefit Rider
- SBI Life - Accidental Total and Permanent Disability Benefit Rider
- SBI Life - Criti Care 13 Non-Linked Rider
- Premium discounts for maintaining a healthy lifestyle
- Rebates on large sum assured
Death Benefit:
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*:
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:
- 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.
No Maturity benefit is available under this product.
Riders:
- 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.
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 here. Please consult your tax advisor for details.
For more details on risk factors, terms and conditions of SBI Life – Smart Shield, read the following documents carefully.
^ 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.
# 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.
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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.For more details on riders, terms and conditions, please read rider brochure.
*Tax Benefit:
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. You may visit our website for further details here. Please consult your tax advisor for details.