SBI Protection Plans

SBI Life offers various insurance products to fulfil the variant insurance needs of its customers. The term insurance plans of SBI Life Insurance are designed and customised to provide the best financial security and protection to the family of the holder of the policy financially in future. SBI Protection plans are pure protection individual life insurance plans offered at affordable premium rates and provide a death benefit to the nominee of the plan on the death of the insured during the term of the plan. Like all the term plans, SBI Protection plans do not offer maturity benefit except in one plan. These protection plans offered by SBI Life has various features which include rebates, rewards, premium payment options, choice of pay-outs and many more. The SBI Protection plans can be brought directly from the official website of SBI Life Insurance. 

SBI Protection Plans

SBI Life Insurance offers eight pure protection insurance plans which are discussed below: 

SBI Life-eShield

Life e-Shield protection plan offered by SBI Life is an individual, non-participation and non-linked life insurance policy which is also available to be brought online. It is a pure risk premium insurance product. Features and benefits of SBI Life e-Shield are as follows: 

1. The easy and simple online process to buy the insurance plan and offers lower rates of premiums for non-smokers. 
2. Offers flexibility to choose between two structures of benefits and two options of riders
3. The plan has an inbuilt accelerated terminal illness benefit and a medical second opinion can also be availed by the policyholder. 

SBI Life- Poorna Suraksha

Poorna Suraksha policy offered by SBI Life Insurance is an individual, pure risk-oriented life insurance product with inbuilt critical illness cover. This plan is a non- participating and non-linked term insurance plan and has fixed premium throughout the tenure of the policy. The features and benefits of SBI Life- Poorna Suraksha plan are as follows: 

1. It provides comprehensive coverage to the policyholder in case of critical illness or death
2. Payment of a lump-sum amount and premium waiver benefit if the insured is diagnosed with any covered critical illness
3. The plan auto-rebalance the life and critical illness cover on every policy year for more effective protection to the policyholder.

SBI Life- Sampoorna Cancer Suraksha

Sampoorna Cancer Suraksha is an individual non-linked health insurance product with a pure risk premium. It does not offer participation benefits. It has easy enrolment process as well as the simple pay-out process. The features and benefits of SBI Life- Sampoorna Cancer Suraksha are as follows: 

1. This plan offers stage-wise payment of a lumpsum amount to the insured on the diagnosis of cancer
2. The insured can avail the option of monthly income benefit and can also avail second medical opinion upon diagnosis from medical experts. 
3. The rates of premium are affordable and you can avail 5% discount on premiums if you buy online. 

SBI Life- Smart Shield

Smart Shield is an individual, non-participating pure protection life insurance product. It is a non-linked insurance plan which provides the policyholder adequate protection to fulfil their financial needs. The features and benefits of SBI Life- Smart Shield are as follows: 

1. It provides flexibility to choose from two plan options to ensure relief to your family from liabilities and also offer two rider options to choose from
2. It rewards the policyholders for a healthy lifestyle
3. It also offers discounts to the policyholder on the large sum assured under the plan

SBI Life- Saral Shield

Saral Shield is a pure term insurance product with no participation benefits. It offers simplicity and affordability to the insured and provides financial security to the family of the policyholder. The features and benefits of SBI Life- Saral Shield are as follows: 

1. It offers flexibility by providing a choice of three structures of benefit under the plan
2. The process of issuance of the plan is hassle-free and easy
3. It also offers discounts to the female individuals and also on the higher sum assured under the plan

SBI Life- Smart Swadhan Plus

Smart Swadhan Plus is an individual life insurance plan which also provides savings benefit along with pure life protection. It offers protection at an affordable and reasonable cost with the return of premium benefit. The features and benefits of SBI Life- Smart Swadhan Plus are as follows: 

1. This insurance plan offers simplicity through an easy process of application
2. Offers multiple options of premium payment to choose from
3. Provides guaranteed return of the total premiums paid for the plan and assurance of protecting the family of the policyholder financially in his/her absence

SBI Life- Saral Swadhan Plus

Saral Swadhan Plus offers life coverage to the insured throughout the term of the insurance plan. It is a protection oriented insurance plan with the benefit of the return of premium. This plan also offers savings benefit along with guaranteed fixed maturity for the policies which are in force and paid up. The features and benefits of SBI Life- Saral Swadhan Plus are as follows: 

1. Offers easy enrolment process and has value for money as it offers wider coverage at affordable premium rates.
2. Offers various options of premium payments
3. The insured can choose between the two policy terms in the plan

SBI Life- Grameen Bima

SBI Life Grameen Bima ensures that the family of the policyholder is financially secure in the future. It is an individual life insurance product offered at an affordable premium cost. It is a non-participating, non-linked micro insurance pure risk product. The features and benefits of SBI Life- Grameen Bima are as follows: 

1. It offers easy and simple registration and application process
2. The policyholder has the option to choose the premium
3. NO medical examination is required to purchase this insurance plan

Conclusion

Protection plans help you to secure the financial future of your family in your absence and it is extremely necessary if you are the only breadwinner of your family. SBI protections plans enable you to choose from eight insurance plans and also offers a plan for cancer coverage. SBI Life Insurance offers an easy and hassle-free process of claim. It is advised to compare the plans online and choose the one which best suits your requirements and needs at an affordable premium cost.