SBI Term Insurance

Life is full of risks and uncertainties that can put you down financially as well as physically as no one knows what will happen next nor can foresee the same. Death of the main bread earner of the family might be devastating which can completely ruin the peace of family and bring a huge financial burden. In such scenarios, Term Insurance helps build a strong financial corpus with affordable premiums. Term Insurance Plans will support your family members to pay off your loans and other necessities in daily life in your absence. And when we talk about Term Insurance Plans, the first name which comes to our mind is SBI Term Insurance plan, a pioneer in the life insurance business in India with a wide range of products with affordable premiums.

Types of SBI Term Insurance Plans

1. SBI Life eShield
2. SBI Life Poorna Suraksha
3. SBI Life Smart Shield
4. SBI Life Saral Shield
5. SBI Life Smart Swadhan Plus

Let us see the above SBI Term Insurance Plans one by one briefly.

SBI Life eShield

This plan is an online, non-linked and non-participating life insurance product offered by SBI Life. The main features are:

1. The plan provides complete financial protection to the family
2. The choice between two advantages of Level Cover Benefit and Increasing Cover Benefit through an in-built Accelerated Terminal Illness. Benefit and two-rider benefits for all-inclusive insurance coverage
3. Easy to apply online

Eligibility:

SBI Life Poorna Suraksha

A unique traditional SBI Life Insurance Term Plan that gives wide-ranging guard in case of unfortunate death and critical diseases. The main features are:

1. The plan provides a perfect combination of life coverage with critical illness coverage
2. Several coverages for Critical Illness
3. Premium waiver
4. Constant Premium with no change

Eligibility

SBI Life Smart Shield

A traditional protection term plan that provides the required financial protection for the family in case of unfortunate death of the bread earner of the family. The main features are:

1. The plan provides a wide-ranging coverage with minimum premiums and choices of two covers – Level Term Assurance and Increasing Term Assurance
2. Choice of two riders at a reasonable cost
3. Availability of Accelerated Critical Illness
4. Availability of Death Benefit in case of the unexpected death of the life assured during the policy term

Eligibility:

SBI Life Saral Shield

With this plan, you can fulfill the dreams of your family. This pure SBI Term Insurance Plan comes with affordable premiums and provides a financial shield to your family in your absence. The main features are:

1. All-inclusive cover through 3 plans – Level Term Assurance, Decreasing Term Assurance- a defense against any loan and Decreasing Term Assurance- protection against your family earnings
2. Choice of single premium and regular premium
3. Choice of higher coverage by availing Accidental Death Benefit Rider, Accidental Total and Permanent Disability Benefit Rider

Eligibility:

SBI Life Smart Swadhan Plus

This SBI Term Insurance Plan is a non-linked and non-participating term insurance plan with a guaranteed return of premium along with coverage for life. Let us see the key benefits:

1. Compensation of 100% return of the basic premium at maturity
2. Payment of Sum Insured to the beneficiary upon the death of the policyholder
3. Choice of premium payment term – regular premium, single premium or limited premium
4. Availability of 5 types of premium paying terms which are:
   1. Single Premium-SP
   2. Regular Premium-RP
   3. Limited Premium Payment Term- LPPT-5
   4. Limited Premium Payment Term- LPPT-10
   5. Limited Premium Payment Term- LPPT-15

Eligibility:

SBI Term Insurance Plan is the best in the industry and hence you can choose as per your requirements and lead a tension-free life. No need for you to worry about the financial crisis that your family might face in your absence. Choose the plan wisely and stay safe!