Features
Three Plan Options: Every individual's needs are unique, and our term insurance plan offers three tailored options to ensure your loved ones are financially secure based on their specific requirements:
• Level Cover: Offering guaranteed coverage with a fixed sum assured, this option ensures your loved ones are supported. They remain secure through expected milestones and life's transitions, enabling them to move forward with dignity.
• Increasing Cover: Designed to grow alongside your changing financial landscape, this option increases your sum assured by 5 % every year, starting from the first policy anniversary. This ensures your family's coverage strengthens as your responsibilities and aspirations evolve.
• Level Cover with Future Benefit : A term insurance plan that evolves with you. This option offers the flexibility to increase your sum assured, at an additional cost, at key life stages. Your coverage expands as your life does, ensuring that those you care for remain secure through every chapter.
• Level Cover: Offering guaranteed coverage with a fixed sum assured, this option ensures your loved ones are supported. They remain secure through expected milestones and life's transitions, enabling them to move forward with dignity.
• Increasing Cover: Designed to grow alongside your changing financial landscape, this option increases your sum assured by 5 % every year, starting from the first policy anniversary. This ensures your family's coverage strengthens as your responsibilities and aspirations evolve.
• Level Cover with Future Benefit : A term insurance plan that evolves with you. This option offers the flexibility to increase your sum assured, at an additional cost, at key life stages. Your coverage expands as your life does, ensuring that those you care for remain secure through every chapter.
Customisable Cover: From your long-term goals to your everyday aspirations, ensure that your family is supported in fulfilling them all with our term plan. With flexible coverage options, this plan is designed to adapt to your family's unique needs, providing the support they can rely on.
Death Benefit Payout: Secure your family's future and enable them to continue living the life they've envisioned. The death benefit payout ensures your loved ones receive strong financial support, empowering them to confidently navigate their lives.
Better Half Benefit: Our term plan offers the option to transfer benefits seamlessly to your partner when circumstances require. SBI Life – Smart Shield Plus provides coverage to your spouse, ensuring their support system remains intact. This continuity preserves their dignity and independence, enabling them to move forward with confidence, knowing their tomorrow remains secure.
Life Cover up to 100 Years: A promise that accompanies you through every stage of life. With an option to get coverage up to 100 years, SBI Life – Smart Shield Plus allows you to turn your ambitions into achievements, knowing your coverage will be with you throughout your lifetime
Flexible Premium Payments: SBI Life – Smart Shield Plus prioritises your financial security and flexibility. You can choose the premium payment terms that best fit your circumstances, whether that is a one-time payment, payments over a few years, or throughout the duration of your policy.
Enhanced Protection with Optional Accident Benefit Rider&: An optional rider that adds an extra layer of financial security in the event of an accident, It works alongside the main plan to provide greater comfort and support during unexpected moments.