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
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
Avail 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.
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.
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.
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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 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.