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Term plans to look after the people who look up to you.
Caring for your family often means thinking a step ahead. Our term life insurance plans empower that decision by offering meaningful life cover at an affordable premium, so the people you love continue to feel supported and secure as life moves forward.
At its simplest, our term plans are designed to provide financial security during the policy period. They offer a lump-sum payout that enables your loved ones to manage ongoing expenses, meet responsibilities, and sustain the lifestyle and aspirations you’ve built together. By keeping the focus on pure protection, they simplify complexity and bring clarity to planning, especially when you compare term policy options or explore tools to compare life insurance policies.
Our term insurance plans are shaped around our purpose to liberate you and your loved ones. They combine dependable cover with straightforward term life rates, helping you act with confidence today while creating continuity for tomorrow. With that assurance in place, you have the freedom to focus on living fully, knowing your family has the support to keep moving ahead with confidence and reassurance.
Key Benefits of Term Life Insurance
Thoughtful benefits blended into term plans that understand your life's journey
Financial Assurance
Steady financial backing enables your loved ones to live confidently today, while providing assurance for what lies ahead.
Affordable Premium
Balanced life cover looks after your current needs and secures your loved ones’ aspirations, supported by an affordable term life insurance quote.
Flexible Options
Term plans adapt to your changing needs, offering flexibility for when life evolves or when your goals grow.
Term plans for the people you plan for
Family sits at the heart of how you plan ahead. Every choice begins with them in mind. Each step forward reflects the care with which you make decisions for those who depend on you. We stand with you through it all, offering term plans that deliver dependable life cover.
Backed by trust, our term life insurance plans help you put protection in place in a way that feels simple and clear. With our assurance beside you, planning comes with clarity; life feels more balanced, and you’re free to focus on today, knowing your family’s future is thoughtfully prepared for.
That’s where choosing the right life insurance plan fits in. Selecting a term life insurance reflects a clear commitment to safeguarding and securing your family’s future. It’s a way to show up for the people who matter to you, helping your family stay supported for life. Our term insurance product are built to offer meaningful life cover at affordable premiums, with flexible tenures and convenient payment options that adapt as your responsibilities evolve.
For assisted planning, you can confidently rely on our term policy premium calculator and get a clear sense of the cover, premium, and policy term that suit your needs.
With that clarity comes a quiet sense of stability, helping you move forward with confidence, knowing the best family life insurance plan is supporting your loved ones.
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Smart Shield Plus
Your life evolves with time, and our assurance adapts to your growing needs. SBI Life – Smart Shield Plus is an Individual, Non-linked, Non-participating, Pure Risk product that moves with your aspirations and the promises you make to your loved ones. The plan’s flexible nature enables you to secure your long term financial future.
Your life evolves with time, and our assurance adapts to your growing needs. SBI Life – Smart Shield Plus is an Individual, Non-linked, Non-participating, Pure Risk product that moves with your aspirations and the promises you make to your loved ones. The plan’s flexible nature enables you to secure your long term financial future.
Key Features
Key Benefits
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Smart Shield Premier
Every promise you make to your loved ones begins with reliable assurance. SBI Life – Smart Shield Premier is an Individual, Non- linked, Non-participating, Life Insurance Pure Risk product designed to provide you and your loved ones a strong financial foundation. This plan offers high coverage and flexible premium payment options, enabling you to build a security net for your evolving life goals.
Every promise you make to your loved ones begins with reliable assurance. SBI Life – Smart Shield Premier is an Individual, Non- linked, Non-participating, Life Insurance Pure Risk product designed to provide you and your loved ones a strong financial foundation. This plan offers high coverage and flexible premium payment options, enabling you to build a security net for your evolving life goals.
Key Features
Key Benefits
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Saral Jeevan Bima
Your family’s confidence and sense of security come from knowing you have planned ahead. SBI Life – Saral Jeevan Bima is an Individual, Non-linked, Non-participating, Life Insurance Pure Risk Premium Product created to give your family that assurance. With standard terms, easy-to-understand features, and dependable coverage, it brings clarity through simplicity.
Your family’s confidence and sense of security come from knowing you have planned ahead. SBI Life – Saral Jeevan Bima is an Individual, Non-linked, Non-participating, Life Insurance Pure Risk Premium Product created to give your family that assurance. With standard terms, easy-to-understand features, and dependable coverage, it brings clarity through simplicity.
Key Features
Key Benefits
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Smart Swadhan Supreme
From personal ambitions to promises to your loved ones, your care shows up in every decision you make. SBI Life – Smart Swadhan Supreme is an Individual, Non- linked, Non-participating, Life Insurance Savings Product with Return of Premium offering a thoughtful way to secure your family’s future. It combines meaningful life cover with affordability, enabling your loved ones to enjoy a comfortable life.
From personal ambitions to promises to your loved ones, your care shows up in every decision you make. SBI Life – Smart Swadhan Supreme is an Individual, Non- linked, Non-participating, Life Insurance Savings Product with Return of Premium offering a thoughtful way to secure your family’s future. It combines meaningful life cover with affordability, enabling your loved ones to enjoy a comfortable life.
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Key Benefits
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eShield Insta
As financial transactions move seamlessly to digital platforms, securing your family's future has become easily accessible. SBI Life – eShield Insta is an Individual, Non-Linked, Non-Participating Life Insurance Pure Risk/Savings Product with Return of Premium that provides comprehensive coverage. The product offers a straightforward, digital process that helps you make decisions for your future effortlessly and with ease.
As financial transactions move seamlessly to digital platforms, securing your family's future has become easily accessible. SBI Life – eShield Insta is an Individual, Non-Linked, Non-Participating Life Insurance Pure Risk/Savings Product with Return of Premium that provides comprehensive coverage. The product offers a straightforward, digital process that helps you make decisions for your future effortlessly and with ease.
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Smart Swadhan Neo
Enrich your commitment to those you care for with the assurance of security. This Individual, Non-Linked, Non-Participating Life Insurance Savings Product with Return of Premium is designed to support your family's well-being while helping you pursue your aspirations. With this product, your premiums paid are returned at maturity, allowing you to plan ahead with clarity and balance.
Enrich your commitment to those you care for with the assurance of security. This Individual, Non-Linked, Non-Participating Life Insurance Savings Product with Return of Premium is designed to support your family's well-being while helping you pursue your aspirations. With this product, your premiums paid are returned at maturity, allowing you to plan ahead with clarity and balance.
Key Features
Key Benefits
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Saral Swadhan Supreme
Your family's well-being and the life you are building both call for thoughtful planning. SBI Life – Saral Swadhan Supreme is an Individual, Non-Linked, Non-Participating Life Insurance Savings Product with Return of Premium that offers life cover at affordable premiums. With ease of enrolment and premium payment flexibility, this product secures your loved ones and builds confidence for your future.
Your family's well-being and the life you are building both call for thoughtful planning. SBI Life – Saral Swadhan Supreme is an Individual, Non-Linked, Non-Participating Life Insurance Savings Product with Return of Premium that offers life cover at affordable premiums. With ease of enrolment and premium payment flexibility, this product secures your loved ones and builds confidence for your future.
Key Features
Key Benefits
Frequently Asked Questions
You can buy a term insurance plan anytime between the ages of 18 and 65 years, and some of our plans even extend coverage beyond that age. Buying early allows you to enjoy lower term life insurance rates and long-term financial security for you and your loved ones. With our term insurance plans, you can choose a coverage period that aligns with your life goals, ensuring continuous and dependable assurance.
When you choose a pure term insurance plan, your premium depends on several factors, including lifestyle habits. Smoking affects health and longevity, which is why insurers adjust premiums accordingly. We understand that everyone’s journey is unique. We aim to provide fair, transparent, and trustworthy options so that every individual (smoker or non-smoker) can find a term insurance plan that offers meaningful security and peace of mind for their family.
A term insurance plan offers comprehensive coverage for most natural and unforeseen events. The purpose of life term insurance plans is to provide financial assurance to your family in case of your absence, helping them maintain their lifestyle and goals. Specific life insurance coverage details depend on your policy terms, and we ensure that you have complete clarity at every step. With our term plans, you can trust that your loved ones’ security remains our top priority.
Yes, you can hold multiple term insurance plans if you wish to increase your total coverage. Many individuals prefer to take separate term insurance plans at different stages of life as their financial responsibilities grow. When you apply for multiple plans, insurers evaluate your overall coverage and income capacity to ensure balanced financial assurance. Having multiple life insurance plans allows you to strengthen the security net around your loved ones and gives you greater flexibility in planning your future. Explore your options today.
Best term plans primarily cover life-related events. However, you can extend your life insurance coverage through additional riders such as Critical Illness or Disability Riders. These riders offer financial support in case of specific health conditions, providing added assurance during challenging times. With our thoughtfully designed term insurance plans, you can choose the right blend of life and health coverage that aligns with your family’s aspirations.
Terminal Illness under term insurance plans refers to a medically diagnosed condition where life expectancy is limited, as defined in the policy terms. In such cases, some term life insurance plans offer an accelerated payout of the death benefit, allowing you and your loved ones to manage financial priorities with dignity and peace. We believe in being there for you with compassion and clarity, offering assurance and support when it matters most.
A term insurance plan is designed to offer pure life cover at affordable premiums, while traditional life insurance combines savings with coverage. If your goal is to ensure long-term security for your family with a higher cover amount at a reasonable cost, term insurance plans are often the wiser choice. However, if you prefer a life insurance plan that includes both security and savings, a traditional policy may suit your goals. We help you make the decision that aligns with your life journey and aspirations.
Yes, you can easily modify how you pay term insurance plan premiums for your term insurance policy. Whether you prefer annual, half-yearly, quarterly, or monthly payments, we offer flexible options to match your financial journey. This flexibility ensures that your term insurance plan remains convenient and consistent with your lifestyle, so you can stay secure without disrupting your financial flow.
Yes, term insurance plans come with valuable tax benefits under the Income Tax Act, 1961. Premiums paid towards your term plan are eligible for deductions under Section 80C, and the benefits received by your nominee are exempt under Section 10(10D), subject to conditions. Beyond these financial benefits, what truly matters is the sense of assurance you get, knowing that your family’s security and your financial planning work together harmoniously.
Both options under term insurance plans have their unique advantages. A Limited Pay option allows you to complete premium payments in a shorter duration while enjoying long-term coverage, which can be ideal if you prefer to finish payments early. A Regular Pay plan spreads payments across the policy term, ensuring steady contributions. We guide you in choosing the approach that best fits your financial discipline and long-term goals.
A term insurance plan is one of the most meaningful steps you can take towards securing your family’s future. It offers a high coverage amount at an affordable cost, ensuring that your loved ones continue their journey with financial stability. With us, you are not just buying insurance; you’re building a foundation of trust, care, and lifelong assurance for you and your loved ones.
If you move abroad after purchasing your term insurance plan, your policy remains valid as long as your premiums are paid regularly. You simply need to update us with your new residential details to ensure seamless service. Your term plan continues to offer the same assurance and security to your loved ones in India. With us, your bond of trust stays strong, across borders and time.
Factors to Consider Before Investing in a Life Insurance Plan
Goals
Every stage of life brings new responsibilities. Take a moment to reflect on your aspirations and priorities, such as buying a home, planning for higher education, securing retirement, or going on a vacation. Understanding these goals helps you select a term plan insurance that truly supports your journey, turning the steps you take today into confidence, security, and fulfilment for tomorrow.
Risk Tolerance
Everyone has a unique comfort level when it comes to financial risk. Assess yours honestly and select a life insurance plan that aligns with it. This ensures that your investments feel secure while helping you move towards your goals with the right kind of support for your journey.
Flexibility
Life is full of changes, and a life insurance plan that adapts to changing needs can bring a sense of reassurance. Flexibility in insurance premium options, the ability to access funds when needed, or adjusting contributions can help align the plan with your budget while maintaining comfort and confidence in handling unforeseen circumstances. It creates a space where financial planning feels empowering, giving you the freedom to follow your aspirations.
Policy Tenure
Consider how long you will need the life insurance plan to achieve your goals. The tenure should align with the timelines for your milestones, giving your savings enough time to grow steadily and meaningfully.
Major Plan Features
A thoughtful look at the coverage amount can provide reassurance that your family’s financial needs are well-supported. The term plan’s bonuses, growth over time, and available riders add meaningful value, while customisation options allow it to align with your unique journey. Together, these features create a sense of security and steady growth, helping your financial planning feel balanced, empowering, and in harmony with your life goals.
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