Written By: Himanshu Kumar

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

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Reviewed By: Anchita Bhattacharyya

Anchita Bhattacharyya

Health, Term & Life Insurance

Anchita has over 6 years of experience in content marketing, insurance, and healthcare sectors. Her motto to make health and term insurance simple for our readers has proven to make insurance lingos simple and easy to understand by our readers.

Updated on Mar 11, 2026 6 min read

SBI 1 Crore Term Plan

SBI 1 crore term insurance plan provides your loved ones with an assured sum of 1 crore in the event of your demise. This amount is provided as a death benefit to protect your loved ones financially in exchange for certain premiums paid by you during the tenure. SBI offers three different term plans with 1 crore coverage- SBI Life eShield, SBI Life Smart Power Insurance, and SBI Life Smart Champ Insurance. This article provides a complete overview of these plans and helps you decide the one that is right for you.

Types of SBI 1 Crore Term Plans

SBI Life Insurance offers three plans that provide you with a 1 crore coverage amount to your family in case of your unfortunate demise.

1. SBI Life e-Shield

   SBI Life e-Shield is a pure-term plan that provides your loved ones with financial protection on your demise. This plan offers three plan options. You can choose the plan that suits your financial needs.

   Features of SBI e-Shield

   Parameters	Limits
   Plan options	Level Cover Option Increasing Cover Option Level Cover with Future Proofing Benefit Option
   Entry age	Minimum-18 Maximum-65
   Maturity age	100 years
   Policy tenure	Minimum - 5 Maximum - 100
   Premium payment term	Limited Pay: 5, 7, 10, 15, 20, 25
   Sum assured	Minimum- 50 lakhs Maximum- No limit
   Premium payment frequency	Single, Monthly, Half-yearly, and Yearly
   Rider Options	SBI Life Accidental Death Benefit Rider SBI Life Accidental Total and Permanent Disability

2. SBI Life Smart Swadhan Plus

   SBI Life Smart Swadhan Plus Insurance is a TROP (Term Return of Premium) plan that offers you dual benefits- life protection and return of premiums paid. In case of the policyholder’s death, sum assured is provided to loved ones and if the policyholder outlives the policy then premiums are returned.

   Features of SBI Life Smart Swadhan Plus

   Parameters	Limits
   Entry age	Minimum-18 Maximum-65
   Maturity age	75 years
   Policy tenure	Minimum-10 Maximum- 30
   Premium payment term	Single payment, 5, 10, and 15 Pay
   Sum assured	Minimum- 5 lakhs Maximum- No upper limit
   Premium payment frequency	Single, Monthly, Quarterly, Half-yearly, and Yearly

3. SBI Life Smart Swadhan Supreme

   SBI Life Smart Swadhan Supreme is a TROP plan that provides a sum assured or death benefit to your family in case of your death and if you outlive the policy tenure 100% of premiums paid are returned.

   Features of SBI Life Smart Swadhan Supreme

   Parameters	Limits
   Entry age	Minimum-18 Maximum-60
   Maturity age	75 years
   Policy tenure	Minimum- 10 Maximum- 30
   Premium payment term	Limited Pay: 7,10 and 15
   Sum assured	Minimum- Rs 25,00,000 Maximum- No limit
   Premium payment frequency	Monthly, Half-yearly, and Yearly

Quick Comparison Of SBI 1 Crore Term Plans

Who Should Buy the SBI 1 Crore Term Plan?

You can buy a 1 Crore term plan at affordable premiums at a young age as the premiums are affordable. You should purchase SBI 1 crore term insurance:

1. If you have dependents

   You should buy a 1 crore term plan if someone is dependent on you like your parents, children, etc. To protect your dependents financially it is necessary to have a 1 crore term plan.

2. If you have an ongoing loan or a liability

   In case you have an ongoing loan or a liability it is necessary to have a 1 crore term plan so that your family doesn’t face the burden of repaying the loan.

3. If you are the only earning member in your family

   If you are the only earning member or breadwinner in your family then you must have a term plan that can protect your family financially even in your absence.

4. If you are young and just started earning

   If you are someone who has just started earning you should invest in a term plan to secure the future of your family members.

5. You are newly married

   After marriage new responsibilities come up. You should buy a term plan so that your partner can live a quality life even in your absence.

Factors to consider when buying an SBI 1 crore term plan

Before buying an SBI 1 crore term plan you should consider certain factors such as:

1. Your annual income

   Before buying a 1 crore term plan you should check your annual income. The premiums should not create an additional financial burden on you.

2. Quality of lifestyle

   Everyone lives a different quality of life and their lifestyle cost also varies. Before choosing the term plan cover you should consider the cost of your lifestyle.

3. Financial responsibilities

   You must consider your financial responsibilities before choosing a term plan cover. Financial responsibilities may include higher education of your children, medical needs, etc. The term plan cover should fulfill those responsibilities.

4. Terms and conditions

   When buying a term plan you should read and understand all the terms and conditions mentioned in the policy document to avoid any confusion. If you face any doubts you can contact your insurance partner and clear the same.

5. Compare different term plans

   Before choosing a 1 crore term plan you should compare various plans offered by different insurers. You should compare premiums, benefits offered, claim settlement ratio of companies, etc.

How to Buy an SBI 1 Crore Term Plan?

You can buy an SBI 1 crore term plan through the following ways:

1. Official website of SBI Life

   • Visit the official website of ’SBI Life’.
   • Click on ’Online Plans’ at the top of the page.
   • A list of term plans will appear on your screen.
   • Choose the desired term plan and click on ’Buy Now’.
   • Provide various details such as name, age, gender, smoking habits, state, etc.
   • Make the payment and you will shortly get the confirmation receipt and policy documents.

2. By visiting the SBI Life branch

   You can purchase an SBI 1 crore term plan by visiting the nearest branch of SBI Life.

3. Through PolicyX

   • Visit the official website of PolicyX.
   • Hover over the ’Term Insurance’ and click on ’Term Insurance Calculator’.
   • Enter various details including age, city, annual income, education, smoking habits, etc.
   • Based on the entered details it will show various plans that fit your financial needs.
   • Choose the right plan and make the payment.
   • You will shortly get the confirmation receipt and policy documents.

4. From insurance agents/ brokers

   You can buy an SBI 1 crore term plan from insurance agents or brokers.

Conclusion

A 1 crore term insurance provides your loved ones with a sum insured of 1 crore in the event of your demise. You have already understood various SBI 1 crore term insurance plans. You can choose the plan that fits your financial needs and requirements. If you still face any issues buying a 1 crore term plan then you can contact PolicyX. It is an online insurance comparison portal that helps you choose the right term plan.

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