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SBI Life - Smart Shield

UIN: 111N067V08

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 Product

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, An Individual, Non-linked, Non participating, Life Insurance, Pure Risk Product, 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 benefit options according to your need

Try our Benefit Illustrator below to see how affordable it is to safeguard your family’s future.

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.

Name:

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
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 benefit options - Level Term Assurance and Increasing Term Assurance
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
  • Lower premiums for non-smokers, Discount for Large Sum Assured
Avail tax benefits*
Death Benefit:
In case of death of life assured, sum assured on death for Regular Premium would be the higher of the following:
 
  1. 10 times the Annualized premium or
  2. 105% of Total Premium Paid# up to the date of death, or;
  3. Absolute amount assured to be paid on death, which is equal to the effective sum assured as on the date of death.


In case of death of life assured, sum assured on death for Single Premium policies would be the higher of the following:
 
  1. 1.25 times the Single premium, or
  2. Absolute amount assured to be paid on death, which is equal to the Effective Sum Assured as on the date of death


Effective sum assured for level term assurance as on the date of death will be Level sum assured opted.
Effective sum assured for Increasing Term Assurance: as on the date of death will be sum assured increased at simple 5% per annum as per the schedule given to policyholder at the time of commencement of policy.
 

#Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

Maturity Benefit:
No Maturity benefit is available under this product.
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.

For more details on risk factors, terms and conditions of SBI Life – Smart Shield, read the following documents carefully.
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.

45/ver1/10/24/WEB/ENG

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

*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.