SBI Life Insurance

Life insurance coverage is the method to ensure that your dependents retain monetary protection even after your retirement, death or in thecase when you could not provide them due to accident/ disability. By means of entering into a fixed tenure agreement with a life coverage company and paying the premium, you safeguard the monetary pastimes of your family. In case you die during the tenure of the policy, your beneficiaries acquire tax-free money payout of a predetermined quantity. Historically, life insurance coverage removes the chance of any uncertainty popping up because of the loss of a breadwinner for the own family. However, with the changing lifestyle, people need a complete cover. An amazing life coverage can provide any or all of the following:

Human beings today are taking help of their insurance policy for monetary funding making plans for their complete family which includes their unborn youngsters. A variety of coverage products are present in the market to cater to each and every financial requirement of the insured. A few crucial advantages of purchasing life insurance in India at an early age are:

Meet the fixed price

Nearly every family has a few long-term fixed obligation like a domestic loan, education loan or medical loan. You would not like to leave your family harassed with a hefty loan responsibility in case something happens to you. The coverage will help them better to address any incurring costs.

Take benefit of lesser premium

A younger and healthy person will have to pay a smaller premium as compared to an older and unhealthy one. Hence doing away with a long time insurance coverage for say 30 years will assist you to save considerably. Except, the benefit is that in case you do develop some health issues later in life, your coverage will assist you to address the financial ramifications of it.

Safety for dependents

Death is unavoidable, but the pain of the loss may be notably decreased if the surviving members have a monetary planning to fall back upon. Your demise should not be the reason for your family to scale back your child's education needs, medical aid as they cannot come up with the money for bearing the costs. The peace of mind you get from knowing that your family will always stay in peace is the largest reward of investing in life coverage.

Low priced life insurance

For people who cannot afford to take different varieties of insurance for special desires like medical insurance, home coverage and so forth, taking a low-cost life insurance is a better choice. Your insurance policy will help you meet with any clinical costs because of terminal contamination.

Meet immediate financial wishes

Considering that life insurance benefits can be accessed at once, they could help you pay funeral costs and property agreement expenses.

Stay independent all your life

The wish to live a dignified life and no longer dependent on others can be fulfilled with a life insurance plan.

Whichever life insurance coverage you choose, make sure to understand all the phrases and conditions of the policy. Additionally, calculate your minimum insurance requirements to ensure that your coverage amount is not insufficient when the actual need arises. Eventually, invest a realistic quantity, do not take out an unreasonable premium policy that can become a massive drain on your monthly earnings.

S.No	PLANS	TYPE
1	SBI Life – Poorna Suraksha	Online
2	SBI Life – Sampoorn Cancer Suraksha	Online
3	SBI Life - eWealth Insurance	Online
4	SBI Life - eShield	Online
5	SBI Life - eIncome Shield	Online
6	SBI Life – Annuity Plus	Online
7	SBI Life – Shubh Nivesh	Savings
8	SBI Life – Smart Bachat	Savings
9	SBI Life – Flexi Smart Plus	Savings
10	SBI Life – CSC Saral Sanchay	Savings
11	SBI Life – Smart Women Advantage	Savings
12	SBI Life – Smart Guaranteed Savings Plan	Savings
13	SBI Life – Smart Humsafar	Savings
14	SBI Life – Poorna Suraksha	Protection
15	SBI Life – Sampoorn Cancer Suraksha	Protection
16	SBI Life - Smart Shield	Protection
17	SBI Life - Saral Shield	Protection
18	SBI Life – Saral Swadhan+	Protection
19	SBI Life – Smart Swadhan Plus	Protection
20	SBI Life - Grameen Bima	Protection
21	SBI Life – eShield	Protection
22	SBI Life - eIncome Shield	Protection
23	SBI Life Smart Wealth Builder	Wealth Creation
24	SBI life Smart Wealth Assure	Wealth Creation
25	SBI life Smart Power Insurance	Wealth Creation
26	SBI Life Smart Elite	Wealth Creation
27	SBI life Smart Privilege	Wealth Creation
28	SBI life Saral Maha Anand	Wealth Creation
29	SBI life eWealth Insurance	Wealth Creation
30	SBI life - Saral Pension	Pension
31	SBI life - Retire smart	Pension
32	SBI life - Annuity Plus	Pension
33	SBI Life – Smart Champ Insurance	Child
34	SBI Life – Smart Scholar	Child
35	SBI Life – Smart Money Back Gold	Moneyback/Income
36	SBI Life – Smart Money Planner	Moneyback/Income
37	SBI Life – Smart Income Protect	Moneyback/Income

Buy life insurance plans online to keep your family financially secure from unforeseen circumstances.

SBI Life – Poorna Suraksha

SBI Life – Poorna Suraksha Plan is an auto-rebalance life and critical illness cover for extra effective protection. A lump sum payout providing financial support in case of diagnosis of any of the covered 36 critical illnesses and waiver of all future premiums.

Features

1. Life stage rebalancing
2. Comprehensive critical illness coverage
3. Waiver of premium on diagnosis of Critical Illness
4. Fixed premium throughout the term of the policy

Eligibility

Age at Entry	Min:18 years	Max:65 years
Age at maturity	Min:28 years	Max:75 years
Sum assured(in multiples of RS 1 lakh)	Min Rs.20 lakhs	Max: Rs 2.5 crore

SBI Life – Sampoorn Cancer Suraksha

SBI Life - Sampoorn Cancer Suraksha is designed to defeat Cancer financially. Claim payouts are independent of the nature/ amount of expenses incurred.

Features

1. Payouts Independent of actual expenses
2. Option of Monthly Income benefit
3. Medical Second opinion
4. No medical examination
5. Choice of three benefit structures
6. Sum Assured Reset benefit
7. In Built Premium waiver benefit

Eligibility

Age at Entry	Min:6 years	Max:65 years
Age at maturity	-	Max:75 years
Sum assured(in multiples of RS 1 lakh)	Min Rs.10 lakhs	Max: Rs 50 lakhs

SBI Life - eWealth Insurance

SBI Life - eWealth Insurance, helps you grow your wealth. Avail twin benefits of market-linked returns on your invested money and the security of life cover.

Features

1. Life coverage
2. Investment management through Automatic Asset Allocation
3. Two plan options - Growth and Balanced
4. Simplified 3 step online buying process
5. Nominal premium payments without any allocation charge
6. Partial withdrawals from 6th policy year

Eligibility

Age at Entry	Min:18 years	Max:50 years
Age at maturity	-	Max:60 years
Sum assured(in multiples of RS 1 lakh)	-	10*annualized premium

SBI Life - eShield

SBI Life – eShield offers you the advantage of an easy and seamless online process of obtaining a life insurance.

Features

1. To provide financial security and ensure your family is protected.
2. Two benefit structures with inbuilt Accelerated Terminal Illness Benefit$ and two rider options for comprehensive coverage.
3. Seamless online application process
4. Discount on premiums for non-smokers

Eligibility

Age at Entry	Min:18 years	Max:65 years(level cover)
Age at maturity	-	Max:75 years
Sum assured(in multiples of RS 1 lakh)	Min Rs.35 lakhs	No limits

SBI Life - eIncome Shield

SBI Life – eIncome Shield, is a pure term, income protection plan that provides the security of regular monthly income for your dependents. The plan also factors in the need for anincrease in income benefit as living expenses rise.

Features

1. Life insurance coverage
2. Immediate lump sum payment and monthly income for a minimum of four years
3. Four benefit options and choice of monthly income
4. Convenient online application process
5. Lower premium for women and for non-smokers.

Eligibility

Age at Entry	Min:18 years	Max:50 years(level cover)
Age at maturity	-	Max:60 years
Policy term	Min 10 years	35 years

SBI Life – Annuity Plus

With SBI Life– Annuity Plus, you receive a comprehensive range of annuity options on just a single premium payment. Thus, you are assured of regular annuity/pension for the rest of your life.

Features

1. Regular income for lifetime
2. Fixed annuity from date of issuance
3. Choice of adding a family member
4. Wide range of annuity options and choice of including SBI Life - Accidental Death Benefit Rider
5. Annuity payout frequency options

Eligibility

Age at Entry	Min:0	Max:40 years
Age at maturity	-	Max:80 years
Premium amounts	Such that the minimum annuity installments can be paid.	No limit

Savings Insurance Plan allows you to enjoy the benefits of long-term savings and helps you to save money.

SBI Life – Shubh Nivesh

SBI Life – Shubh Nivesh, a with-profits endowment assurance plan, provides insurance cover, savings,and income under a single plan.

Features

1. Avail life cover for up to 30 years or whole life depending on your insurance needs
2. Simple reversionary bonuses throughout the policy term
3. Two plan options – endowment option and endowment with whole life option
4. Option to receive the basic sum assured as a lump sum or as regular income, at maturity
5. Get comprehensive coverage at an affordable cost with three rider options

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:65 years and can reach upto 100 years in case of endowment with whole life insurance plan.
Premium amounts	Min:Rs 75000(*1000/-)	No limit

SBI Life – Smart Bachat

This plan assists you to safeguard your family's future and meet your investment needs wisely with simple reversionary bonuses throughout the policy term.

Features

1. Life insurance coverage through two plan options
2. Simple reversionary bonuses throughout the policy term
3. Option of in-built premium waiver benefit
4. Choose between four premium payment terms and a wide range of policy term

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:65 years and can reach upto 100 years in case of endowment with whole life insurance plan.
Premium amounts	Min:Rs 75000(*1000/-)	No limit

SBI Life – Flexi Smart Plus

SBI Life – Flexi Smart Plus allows you to modify your insurance plan according to your ever-changing needs. It also offers regular bonus interest to help your savings grow.

Features

1. Choose between two plan options
2. Guaranteed minimum bonus interest rate of 1.00% p.a. throughout the term, for in-force policies
3. Modify your sum assured and increase your policy term
4. Avail partial withdrawals from the 6th policy year

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:65 years and can reach upto 100 years in case of endowment with whole life insurance plan.
Premium amounts	Min:Rs 75000(*1000/-)	No limit

SBI Life – CSC Saral Sanchay

It offers twin benefits of savings andinsurance coverto protect your family financially in case of an eventuality. You can make partial withdrawals from 6th policy year.

Features

1. An insurance with savings plan
2. Quarterly interest additions throughout policy term
3. Top-up facility
4. Aadhar based policy application process
5. Partial Withdrawal facility available from 6th policy year

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:70 years
Policy Term	10 years	15 years

SBI Life – Smart Women Advantage

With SBI Life – Smart Women Advantage avail triple benefits of life cover, savings and Critical Illness (CI) benefit under a single, women-centric plan. With this three-fold advantage, spread your wings and soar high.

Features

1. Life insurance coverage
2. Inbuilt Premium Waiver benefit in the event of Major Stage CI for in-force policies
3. Regular bonuses (if any), along with sum assured at maturity
4. Two plan options# – Gold and Platinum
5. Choose the level of death cover & CI cover
6. Option of Additional Pregnancy Complication and Congenital Anomalies (APC&CA)

#Specific Critical Illnesses (CI) are covered based on the plan chosen. Plan once selected at inception cannot be changed during the policy term

Eligibility

Age at Entry	Min:18 years	Max:50 years
Age at maturity	-	Max:60 years
Policy Term	10 years	15 years

SBI Life – Smart Guaranteed Savings Plan

SBI Life - Smart Guaranteed Savings Plan provides protection cover to your family in case of an unfortunate event and also rewards your saving habit with assured additions.

Features

1. Insurance cover
2. Assured additions^ at the rate of 5.5% or 6%
3. Limited premium facility
4. Reasonable premium payments

Eligibility

Age at Entry	Min:18 years	Max:50 years
Age at maturity	-	Max:65 years
Policy Term	-	15 years

SBI Life – Smart Humsafar

SBI Life - Smart Humsafar, a unique life insurance with asavingsplan. Avail of the twin benefits of savings and insurance cover under a single policy for both you and your spouse.

Features

1. A joint life insurance with savings plan that provides coverage for you and your spouse
2. Assured bonuses for in-force policies
3. Premium waiver benefit
4. Additional rider benefits
5. Single application for both lives

Eligibility

Age at Entry	Min:18 years	Max:46 years
Age at maturity	-	Max:65 years
Policy Term	-	15 years

Term plans or protection plans are typically affordable insurance plans that provide full protection and financial stability to your loved ones in case of any unforeseen events

SBI Life – Poorna Suraksha

SBI Life – Poorna Suraksha Plan is an auto-rebalance life and critical illness cover for extra effective protection. A lump sum payout providing financial support in case of diagnosis of any of the covered 36 critical illnesses and waiver of all future premiums.

Features

1. Life stage rebalancing
2. Comprehensive critical illness coverage
3. Waiver of premium on diagnosis of Critical Illness
4. Fixed premium throughout the term of the policy

Eligibility

Age at Entry	Min:18 years	Max:65 years
Age at maturity	28 years	Max:75 years
Sum Assured	20 Lakhs	2.5 crore

SBI Life – Sampoorn Cancer Suraksha

SBI Life - Sampoorn Cancer Suraksha is designed to defeat cancer financially. Claim payouts are independent of the nature/ amount of expenses incurred.

Features

1. Payouts Independent of actual expenses
2. Option of Monthly Income benefit
3. Medical Second opinion
4. No medical examination
5. Choice of three benefit structures
6. Sum Assured Reset benefit
7. In Built Premium waiver benefit

Eligibility

Age at Entry	Min:6 years	Max:65 years
Age at maturity	-	Max:75 years
Sum Assured	10 Lakhs	50 Lakhs

SBI Life - Smart Shield

A traditional non-participating pure term life insurance plan. It will protect your family's financial future against an eventuality. It is a pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance. Offer comprehensive coverage at an affordable cost with three rider options.

Features

1. Protect your family's financial future against an eventuality
2. Pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance
3. Get comprehensive coverage at an affordable cost with three rider options

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity		Max:65 years
Sum Assured	25 Lakhs	No limit

SBI Life - Saral Shield

It can create a safety cover to safeguard your family's dream and future. This pure term plan offers you affordability and simplicity in your bid to provide financial protection to your family.

Features

1. Protect your family's financial future against an eventuality
2. Comprehensive coverage through three plan options
3. Two premium payment terms – Single Premium and Regular Premium
4. Get comprehensive coverage at an affordable cost with two rider options
5. Rebates for large sum assured
6. Special premium discounts for women

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:65 years
Sum Assured	750000	2400000

SBI Life – Saral Swadhan+

This plan offers fixed life cover throughout the term along with maturity benefits.Maturity benefits of 100% or 115% of the premium paid, based on the policy term.

Features

1. Fixed life cover throughout the term along with maturity benefits
2. Maturity benefits of 100% or 115% of the premium paid, based on the policy term
3. Policy term options - 10 years and 15 years
4. Choose the premium amount you wish to pay
5. Simplified proposal form

Eligibility

Age at Entry	Min:18 years	Max:55 years
Age at maturity	28 years	Max:70 years
Sum Assured	30,000	4,75,000

SBI Life – Smart Swadhan Plus

It offers guaranteed thereturn of premiums and assurance of protecting your family in case of in-force policies. The option of regular, limited or single premiums and to choose policy term.

Features

1. Life insurance coverage
2. 100% return of basic premium^ at maturity
3. Option of regular, limited or single premiums and to choose policy term
4. Short application process

Eligibility

Age at Entry	Min:18 years	Max:65 years
Age at maturity	-	Max:75 years
Sum Assured	500000	No limit

SBI Life - Grameen Bima

SBI Life – Grameen Bima is a pure term, a micro-insurance plan that helps you provide financial security for your family at reasonable costs. It offers Life cover with one-time premium payment.

Features

1. Life cover with one time premium payment
2. Simple registration procedure with no medical examination required
3. Choose from a range of premiums in multiples of 100

Eligibility

Age at Entry	Min:18 years	Max:50 years
Age at maturity	-	Max:5 years
Sum Assured	300	2000

SBI Life – eShield

SBI Life - eShield offers a plethora of benefits at an affordable premium. Four plan options, namely Level Cover, Level Cover with Accidental Death Benefit, Increasing Cover and Increasing Cover with Accidental Death Benefit.

Features

1. To provide financial security and ensure your family is protected.
2. Two benefit structures with inbuilt Accelerated Terminal Illness Benefit$ and two rider options for comprehensive coverage.
3. Seamless online application process
4. Discount on premiums for non-smokers

Eligibility

Age at Entry	Min:18 years	Max:50 years
Age at maturity	-	Max:75 years
Sum Assured	3500000	No Limit

SBI Life - eIncome Shield

SBI Life – eIncome Shield, is a pure term, income protection plan that provides the security of regular monthly income for your dependents. The plan also factors in the need for an increase in income benefit as living expenses rise.

Features

1. Life insurance coverage
2. Immediate lump sum payment and monthly income for a minimum of four years
3. Four benefit options and choice of monthly income
4. Convenient online application process
5. Lower premium for women and for non-smokers

Eligibility

Age at Entry	Min:18 years	Max:50 years
Age at maturity	-	Max:75 years
Sum Assured	3500000	No limit

Wealth Insurance plan offers the right balance between investment & wealth accumulation to secure your family and fulfill your future goals.

SBI Life Smart Wealth Builder

With SBI Life – Smart Wealth Builder, avail the benefit of enhanced investment opportunity by investing in one or many investment funds. It offers liquidity through partial withdrawals from 6th policy year or 18 years of age.

Features

1. Life coverage
2. Assured additions (Conditions Apply#)up to 125% of one annual regular premium for a longer term
3. Options to increase or decrease the sum assured, premium payment frequencies from 6th policy year onwards
4. Enhanced investment opportunity through 7 varied funds and the flexibility for switching and redirection
5. Partial withdrawals from 6th policy year or 18 years of age

# Assured Additions at the specified percentages for RP, LPPT & SP, will be given at the end of 10th policy year and every five years thereafter for policies which are in- force

Eligibility

Age at Entry	Min:7 years	Max:60 years
Age at maturity	-	Max:70 years
Policy Term	5	30

SBI life Smart Wealth Assure

It helps you to enjoy market-linked returns along with insurance coverage, with only a one-time premium. Take advantage of affordability – with a one-time premium payment for long-term benefits.

Features

1. Market-linked returns along with insurance cover
2. One-time premium payment
3. Liquidity through Partial Withdrawal(s)
4. Option to choose a mix of funds from Bond Fund and Equity Fund
5. Option to customize the product with Accidental Death Benefit Option

Eligibility

Age at Entry	Min:7 years	Max:60 years
Age at maturity	-	Max:70 years
Policy Term	5	30

SBI life Smart Power Insurance

This plan assists in wealth creation journey with the help of reasonable premiums. Also, obtain returns in tune with the current investment scenario.

Features

1. Secure your family’s financial future with Inbuilt Accelerated Total & Permanent Disability (TPD)
2. Choice of increasing cover option
3. Invest in any of the two fund options – Trigger Fund and Smart Funds, and two plan options – Level Cover Option and Increasing Cover Option.
4. Market-linked returns with reasonable premiums
5. Partial withdrawals from 6th policy year

Eligibility

Age at Entry	Min:18 years	Max:45 years
Age at maturity	-	Max:65 years
Policy Term	-	30

SBI Life Smart Elite

It allows you to maximize your savings through market-linked returns and features that empower you with greater control in managing your investment portfolio.

Features

1. Dual protection options available – Gold option and Platinum option
2. Inbuilt Accidental Benefit Cover
3. Limited and single premium payment options
4. Switch and redirection facility to pilot your investments
5. Partial withdrawals from 6th policy year

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:65 years
Policy Term	-	Max: 0 years

SBI life Smart Privilege

This plan helps you to grow your wealth by choosing from among 8 funds with unlimited free switches and redirections. Also, enjoy the benefit of insurance coverage as you multiply your investments.

Features

1. Life insurance coverage along with market-linked returns
2. Loyalty Additions starting as early as 6th policy year onwards for in-force policies
3. Option of paying premiums throughout the term or for a limited period or through a single payment
4. Option of 8 different funds including midcap and pure fund
5. Unlimited free switches and premium redirection
6. Partial withdrawals from 6th policy year or 18 years of age

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:65 years
Policy Term	-	Max: 30 years

SBI life Saral Maha Anand

It will help you to gain twin benefits of market-linked returns and security of life insurance coverage for your family. With reasonable premiums and no medical examination.

Features

1. Insurance coverage for your family
2. Three investment fund options
3. Choice of SBI Life – Accidental Death Benefit Linked Rider
4. No medical examination required^^
5. No premium allocation charge from the 11th policy year along with nominal premium payments
6. Liquidity through partial withdrawals from the 6th year onwards

Eligibility

Age at Entry	Min:18 years	Max:55 years
Age at maturity	-	Max:65 years
Policy Term	-	Max: 20 years

SBI life eWealth Insurance

Avail twin benefits of market-linked returns on your invested money and the security of life cover. It comes out with the security to cover your family's needs in case of an eventuality.

Features

1. Life coverage
2. Investment management through Automatic Asset Allocation
3. Two plan options - Growth and Balanced
4. Simplified 3 step online buying process
5. Nominal premium payments without any allocation charge
6. Partial withdrawals from 6th policy year

Eligibility

Age at Entry	Min:18 years	Max:50 years
Age at maturity	-	Max:60 years
Policy Term	-	Max: 20 years

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

SBI life - Saral Pension

It is a Pension Product. Benefits by way of surrender, complete withdrawal or maturity/vesting will be there in the form of annuities except to the extent of commutation of such benefits as allowed under the Income Tax Rules.

Features

1. Build a retirement corpus and get an option of life cover through SBI Life - Preferred Term Rider
2. Receive simple reversionary bonuses throughout the policy term
3. Option to extend the accumulation period
4. Option to defer the vesting date

Eligibility

Age at Entry	Min:18 years	Max:65 years
Age at maturity	Min 40 years	Max:70 years
Policy Term	Min: 5 years	Max: 40 years

SBI life - Retire smart

The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of thefifth year.

Features

1. Lump sum corpus at vesting
2. Assured benefits (Condition apply#) of up to 210% of annual premium
3. Flexible premium options

Eligibility

Age at Entry	Min:30 years	Max:70 years
Age at maturity	Min 40 years	Max:80 years
Policy Term	Min: 10 years	Max: 35 years

SBI life - Annuity Plus

A traditional, non-participating immediate annuity plan. Under the same, you receive a comprehensive range of annuity options on just a single premium payment. Thus, you are assured of regular annuity/pension for the rest of your life.

Features

1. Regular income for lifetime
2. Fixed annuity from date of issuance
3. Choice of adding a family member
4. Wide range of annuity options and choice of including SBI Life - Accidental Death Benefit Rider
5. Annuity payout frequency options

Eligibility

Age at Entry	Min:0 years	Max:70 years
Age at maturity	Min 40 years	Max:80 years
Policy Term	Min: 10 years	Max: 35 years

Child plans are insurance cum investment plans that help an individual create a corpus for children's future, over a period of time (policy term).

SBI Life – Smart Champ Insurance

SBI Life - Smart Champ Insurance, a traditional participating child insurance plan, helps in securing your child's educational needs.

Features

1. Life and Accidental Total Permanent Disability (ATPD) coverage throughout the policy term
2. Immediate payment of sum assured and premium waiver in case of an eventuality
3. Smart benefits in four equal annual instalments after the child reaches 18 years of age
4. Pay one-time premium or limited premium

Eligibility

Age at Entry	Min:0 years	Max:70 years
Age at maturity	Min 40 years	Max:80 years
Policy Term	Min: 10 years	Max: 35 years

SBI Life – Smart Scholar

Avail twin benefits of market-linked returns on your invested money and the security of life cover for your children with SBI Life - Smart Scholar.

Features

1. Lump sum amount at maturity
2. Premium waiver in case of eventuality
3. Regular loyalty additions for in-force policies on completion of specific durations, depending upon policy term
4. Choice of seven fund options
5. Avail partial withdrawals from 6th policy year

Eligibility

Age at Entry	Min:0 years	Max:17 years
Age at maturity	-	Max:65 years
Policy Term	Min: 8 years	Max: 25 years

SBI offers premier money back plans with flexible premium options which give assured cash back options of your choice to secure your future.

SBI Life – Smart Money Back Gold

Smart Money Back Gold, a participating traditional money back insurance plan, and avail twin benefits of life cover as well as periodic income to meet your financial requirements at crucial points in life.

Features

1. Get life cover benefit irrespective of survival benefits already paid
2. Total Survival benefit of 110% of sum assured paid till maturity
3. Four plan options with different policy term and survival benefits payable at specific durations
4. Get comprehensive coverage at an affordable cost with four rider options
5. Rebates on large sum assured

Eligibility

Age at Entry	Min:0 years	Max:17 years
Age at maturity	-	Max:65 years
Policy Term	Min: 8 years	Max: 25 years

SBI Life – Smart Money Planner

This plan offers dual benefits of regular income and security for your family under the same plan with SBI Life - Smart Money Planner.

Features

1. Life cover throughout the policy term
2. Get sum assured in equal instalments throughout the benefit payment period
3. Four plan options
4. Limited Premium Payment and Single Premium Payment options

Eligibility

Age at Entry	Min:18 years	Max:60 years
Age at maturity	-	Max:75 years
Policy Term	Min: 6 years	Max: 25 years

SBI Life – Smart Income Protect

SBI Life - Smart Income Protect, a traditional participating savings plan, offers dual benefits of life cover and regular cash inflow over a period of 15 years.

Features

1. Life cover throughout the policy term
2. Vested reversionary bonuses plus terminal bonus, if any, paid as lump sum at maturity
3. Annual income of 11% of Basic Sum Assured over a period of 15 years after maturity
4. Policy term of 7, 12 or 15 years
5. Four rider options

Eligibility

Age at Entry	Min:7 years	Max:50 years
Age at maturity	Min: 18 years	Max: 50 years
Policy Term	Min: 7 years	Max: 15 years

When it comes to claim, you are required to provide complete and detailed information about the same. The claim is something for which you have invested so far. For getting your claim done, you must ensure that the state in which you file your claim is good enough to get assistance. For it, you must read the terms and conditions, inclusions and exclusion as well. The process of filing claim with SBI Life insurance is really very simple. You have to just submit the relevant document along with the claim form. Don’t forget to inform your insurance company asap. SBI Life insurance company have a proven record in settling claim so you can trust it easily.

The company is committed to offer complete security to consumers and also take care of the IRDA guidelines and timelines when it comes to settling claims

Following is the claim settlement process associated with SBI Life:

1. Intimation of Claim

You have to inform the company as soon as possible about the claim through claim form attached with the necessary documents.

2. Addressing Requirements

In case SBI Life Insurance has a few needs or asks you to check the admissibility of the claim, the claimant should make sure that these requirements are met

3. Claiming the Amount

4. After submitting the claim form along with all the necessary documents and completed the process from your end then the company will settle the claim as soon as possible. IN the hour of need during the claims settlement process should you require any assistance, you can contact the company’s officials.

Going through the detailed description of claims in the policy document will assist on seamless claim settlement process.

As we discussed earlier, the claim settlement process is fast and easy. It carries transparency in the entire procedure. You can file your claim whenever the need arises. If you have any query then you can ask the company, it will be happy to serve you with the needful information.

Date and time of accident

Policy Number

Insured Contact Details, etc

Age proof of insured

Checking your policy status with SBI Life Insurance is a simple process. All you have to do is visit https://mypolicy.sbilife.co.in/Login/Registration1.aspx and key in your date of birth, Customer ID and policy number as mentioned in your policy document. You have to submit the desired details, information related to the policy and insured. You have to also confirm the phone number and email address. You may require to enter the login details before hitting Submit, after which you will receive an email with a link that allows you to reset your password. Just enter the same password you used during registration and then choose a new password. After your password has been changed successfully, you are done with the registration process and can check your policy status online easily.

If you are looking for the online payment method of SBI Life Insurance Company, you should visit https://mypolicy.sbilife.co.in/onlinepayment/bulletpayment.aspx and enter the required details, such as policy number, your date of birth, your mobile number and email address and proceed to make the payment.

1. What are the taxes applicable on insurance premium/ULIP charges?

Charges like service tax / GST (for J&K residents) /cess will be charged at the rates notified by the Central or State government on the following:

For traditional plans:

1. Base premium.
2. Rider premium.
3. Other charges depending on the features of the product in question.

For ULIPs:

1. Mortality charges.
2. Policy administration charges.
3. Fund management charges.
4. Discontinuance / Surrender charges.
5. Partial withdrawal charges.
6. Other charges may depend on the features of the product in question.

2. Is it possible to pay premiums online?

Yes.visit the My policy portal, and pick the “Pay Premium Online” option under the Transaction menu. Pick the policy you’re enrolled under and make the payment.

3. What are the other ways to make payments online?

You can pay premium through Visa, Master, and Diners & American Express cards. Net banking customers can also pay online if the bank is listed on the site.

4. What is the procedure to change the address as mentioned in the policy?

To start the procedure of changing the address, a written request needs to be sent to the Central Processing Centre, or any SBI Life branch. The request can also be faxed to the insurer.

5. What is the process of changing the percentage of allocation or to switch between funds?

To begin with the same procedure, you should furnish and submit the policy servicing form to any SBI Life branch.