Smart Shield Premier - Online Term Insurance Plan & Policy | SBI Life Insurance
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SBI Life – Smart Shield Premier

UIN: 111N145V01

Product Code: 3K

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Smart Shield Premier Term Insurance Plan

Prioritizing You,
a premier plan for
the accomplished.

An Individual, Non- Linked, Non-Participating, Life Insurance Pure Risk Product

Securing your loved ones' financial future is more important than ever. With SBI Life - Smart Shield Premier, an exclusive term plan offering higher coverage with flexible premium payment options. While you drive your family’s dreams through the promises you’ve made to them, our driving force remains you. We value your dreams and stand by you to fulfill all that you wish for, all that you value.

Key Features -
  • Financial protection of your family at an affordable cost
  • Choice of 2 benefit options to suit your protection needs:
    1. Level Cover
    2. Increasing Cover
  • Choose your own policy term with coverage available up to the age of 85 years
  • Flexibility of paying premium throughout your policy term or for a limited period of time
  • Enhanced protection with optional rider^
  • Get tax benefits$ as per the prevailing norms under the Income Tax Act, 1961
 

$You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. You are advised to consult your tax advisor on applicable tax benefits under the policy.
^SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD)

Highlights

Smart Shield Premier Term Insurance Plan

SBI Life Smart Shield Premier Term Plan

plan profile

Amit, being care free about the future has Leveled up with SBI Life - Smart Shield Premier to secure his family's future.

Enter the form fields below and find out how you can live life worry-free with SBI Life - Smart Shield Premier plan.

Name:

DOB:

Gender:

Male Female Third Gender

Discount:

Staff Non Staff

Smoker:

Yes No

Choose your Policy option...

Channel

Plan


Choose your Premium option...

Premium Frequency

Premium Payment Option

Policy Term

10 67

Choose your Other option...

Sum Assured

2 Crore No limit

SBI Life - Accident Benefit Rider (111B041V01)

Term for ADB Rider

5 57

ADB Rider Sum Assured

50,000 2,00,00,000

Term for APPD Rider

5 57

APPD Rider Sum Assured

50,000 1,50,00,000

Reset
sum assured

Sum Assured


premium frequency

Premium frequency

Premium amount
(excluding taxes)


premium paying

Premium Payment Term


policy term

Policy Term

Give a Missed Call

Features

  1. Choice of 2 benefit options to suit your protection needs:
    1. Level Cover
    2. Increasing Cover
  2. Choose your own policy term with coverage available up to the age of 85 years
  3. Flexibility of paying premium throughout your policy term or for a limited period of time
  4. Enhanced protection with optional rider (Accident Benefit Rider)

Advantages

Security

  • Financial protection of your family at an affordable cost

Flexibility

  • Choice of 2 benefit options – Level Cover & Increasing Cover
  • Flexibility of paying premium throughout your policy term or for a limited period of time

Reliability

  • Life cover available up to the age of 85 years

Death Benefit:

On death of the life assured during the policy term, provided the policy is in-force on the date of death, Sum Assured on Death will be payable and the policy terminates.

Sum Assured on Death is highest of:
  1. Absolute Amount Assured on Death, or
  2. 11 times the Annualized Premium*, or
  3. 105% of the Total Premiums Paid# up to the date of death

Absolute Amount Assured on Death will be as follows:
  • For Level Cover benefit option, Absolute Amount Assured on Death will be the Sum Assured
  • For Increasing Cover benefit option, Absolute Amount Assured on Death will be the Sum Assured increased by 10% at the end of every 5th policy year, provided the policy is in-force and subject to a maximum increase of up to 100% of Sum Assured. There will be no further increase once the life assured attains the age of 71 years.

*Annualized Premium is the premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.
#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 payable under this plan.
For more details on risk factors, terms and conditions of SBI Life – Smart Shield Premier, read the following documents carefully.
SBI Life – Smart Shield Premier - Term Insurance Plan
^All the references to age are age as on last birthday.
$Premium shown above are excluding taxes and underwriting extra. Taxes will be applicable as per the prevalent tax laws.
^^For Monthly mode, up to 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS).

3K/ver1/09/24/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, exclusions, please read rider brochure.