SBI Life - Smart Shield | One of the best Term Insurance Plan In India
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SBI Life - Smart Shield

UIN: 111N067V07

Product Code: 45

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SBI Life Smart Shield with Disability Rider

A term cover
that increases
with your
growing
aspirations

An Individual, Non-linked, Non participating, Life Insurance Pure Risk premium product

Responsibilities grow as you age. So plan and stay ahead with SBI Life- Smart Shield to secure your loved ones with a life cover option that grows with your increasing age and break free from worries to pursue your dreams.

Key Features :
  • Pure term plan that offers option of Level Term Assurance and Increasing Term Assurance
  • Enhance your coverage through two rider# options at a nominal cost
  • Protect your family's financial future against an eventuality along with Tax Benefits*

#SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03) & SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V03)

Highlights

SBI Life Smart Shield

A traditional non-participating pure term life insurance plan

plan profile

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 Female Third Gender

Staff:

Yes No

Smoker:

Yes No

Let's finalize the policy duration you are comfortable with...

Plan

Policy Term

5 62

A little information about the premium options...

Premium Frequency

Sum Assured

25 Lakhs No limit

Let's finalize the rider options...

Term For ADB Rider

5 57

ADB Rider Sum Assured

25,000 50,00,000

Term For ATPDB Rider

5 57

ATPDB Rider Sum Assured

25,000 50,00,000

Reset
sum assured

Sum Assured

Basic


premium frequency

Premium frequency

Premium amount
(excluding taxes)


premium paying

Premium Paying Term


policy term

Policy Term

Give a Missed Call
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 two rider options
Advantages
Security
  • Provide a solid foundation of financial security for your loved ones
Flexibility
  • Choose one of the two plan options that best suits your financial needs
Affordability
  • Enhance your coverage through two rider options at a nominal cost
    • SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03)
    • SBI Life - Accidental Total and Permanent Disability Benefit Rider (UIN: 111B016V03)
  • Rewards you with lower premium if you are a non-smoker
  • Discount on large sum assured
Avail tax benefits*
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% Simple p.a.: 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.
Riders:
  • SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03)
    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: 111B016V03)
    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.

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 may be 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.

SBI Life Smart Shield Premium Details
^All the references to age are age as on last birthday.

** For both the plan options, Level Term Assurance and Increasing Term Assurance

#For Monthly mode,upto 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),upto 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction.

NW/45/ver1/02/22/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 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 may be 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.