Sbi Term Insurance vs Hdfc Term Insurance Term Insurance 2026 | PolicyX
COMPANY DETAILS ✎ Edit

Sbi Term Insurance

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Hdfc Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 984.63 Cr

Annual Premiums Collected (2024-25)

₹ 044.91 Cr
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump sum, monthly or a combination of both
Claim ratio

Payout Options

98.56%%

Payout Options

99.68%%
Solvency Ratio

Solvency Ratio

1.96

Solvency Ratio

1.94
Pan India Presence

Pan India Presence

1154

Pan India Presence

450+
Riders Available

Riders Available

Accidental Cover / Accidental Death Benefit Rider, Critical Illness Cover / Criti Care, Disability Cover / Accidental Total and Permanent Disability Rider, Extra Life Cover, Preferred Term Rider

Riders Available

Return of Premium, Terminal Illness Benefit, Income Benefit Rider, Waiver of Premium (WOP) Rider, Critical Illness Cover/Rider, Accidental Total and Permanent Disability (ATPD) Rider, Accidental Death Benefit Rider (ADB)
Inception year

Inception year

2000

Inception year

2000
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.008

Complaint ratio per ₹1 crore of premium collected

0.023
Average claim settlement time

Average claim settlement time

30 days

Average claim settlement time

24 business hours
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HDFC Life Term Insurance Review 2026 | Best HDFC Term Insurance | Policyx

HDFC Life Term Insurance Review 2026 | Best HDFC Term Insurance | Policyx

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Types of SBI Term Insurance Plans

Every plan currently being sold by SBI Term Insurance, shown side-by-side so you can shortlist quickly.

SBI Life Arogya Shield Plan

SBI Life Arogya Shield is a unique combination plan, offering both health and pure term life insurance under a single policy. It p... Read More

Unique Features

  • Combination Plan
  • Hospitalization Cover
  • Discount on Premiums
Sum AssuredEntry Age - 18 Years
Entry AgeMax Entry Age - 65 Years
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SBI Smart Swadhan Supreme

The SBI Smart Swadhan Supreme is a Term Return of Premium plan, offering long-term life protection with the added benefit of retur... Read More

Unique Features

  • Maturity Benefits
  • Flexible Policy Term
  • Tax Benefits under Section 80C
Sum AssuredEntry Age - 18 Years
Entry AgeMax Entry Age - 60 Years
View plan

SBI Life Saral Swadhan Supreme

SBI Life Saral Swadhan Supreme offers term insurance that provides financial security for dependents, uniquely returning 100% of a... Read More

Unique Features

  • Affordable plan
  • Return of premium option
  • Tax benefits
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 60 years
View plan

SBI Life Smart Shield

SBI Life Smart Shield is a term insurance plan offering pure protection, with options for either a consistent Level Term Assurance... Read More

Unique Features

  • Two Plan Options
  • Premium Discounts
  • Tax Benefits
Sum AssuredEntry Age: 18 Years
Entry AgeMax Entry Age: 60 Years
View plan

SBI Life eShield Plan

SBI Life eShield is an online pure protection term insurance plan, offering financial security for families in the policyholder's ... Read More

Unique Features

  • Choose your sum assured
  • Terminal illness cover
  • Non-smoker discounts
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

SBI eShield Next Plan

The SBI Life eShield Next is a flexible term insurance plan designed to adapt to changing needs, offering whole life cover up to a... Read More

Unique Features

  • Better Half Benefit
  • Three Plan Options
  • Terminal Illness Benefit
Sum AssuredEntry Age: 18 years
Entry AgeMax Entry Age: 65 years
View plan

SBI Life Grameen Bima Yojana

The SBI Life Grameen Bima Yojana is a microinsurance term plan providing financial security with easy enrollment and instant proce... Read More

Unique Features

  • Instant Processing
  • Easy Enrollment
  • Single Premium
Sum AssuredEntry Age: 18 Years
Entry AgeMaximum Entry Age: 50 Years
View plan

SBI Life Poorna Suraksha

SBI Life Poorna Suraksha is a non-linked, non-participating term insurance plan that combines life cover with financial protection... Read More

Unique Features

  • Covers 36 Critical Illnesses
  • Avail Premium Waiver
  • Avail Fixed Premium
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

SBI Life Smart Swadhan Plus

SBI Life Smart Swadhan Plus is a return of premium term insurance plan offering financial protection with the unique benefit of re... Read More

Unique Features

  • Return of Premium Feature
  • High Sum Assured Discount
  • Life Cover Up To 75 Years
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

SBI Saral Jeevan Bima

SBI Life Saral Jeevan Bima is a standard, non-linked, non-participating pure protection life insurance plan offering financial sec... Read More

Unique Features

  • Standard Plan
  • Affordable Premiums
  • Tax Benefits
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 60 Years
View plan

SBI Life Saral Swadhan Plus Plan

SBI Life Saral Swadhan Plus is a non-linked, non-participating life insurance plan offering a fixed life cover and guaranteed matu... Read More

Unique Features

  • Death Benefit
  • Maturity Benefit
  • Survival Benefit
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 55 years
View plan

SBI Smart Shield Plus

The SBI Life Smart Shield Plus is a term insurance plan offering financial protection up to 100 years, with flexible options to su... Read More

Unique Features

  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives
Sum AssuredEntry Age: 18 years; Maximum Entry Age: 65 years; Minimum Sum Assured: Rs 25 lakhs; Maximum Maturity Age: 100 years; Premium Payment Term (PPT): Regular Pay (RP)/Single Pay (SP)/Limited Pay (LP).
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SBI Life Smart Platina Advantage

SBI Life Smart Platina Advantage is a specific term insurance plan offered by SBI Life. It provides crucial financial protection, ... Read More

Unique Features

  • Guaranteed Regular Income
  • Life Insurance Cover
  • Guaranteed Maturity Benefit
Sum AssuredEntry age: 3 to 60 years
Entry AgeMaximum maturity age: 75 years
View plan

Types of HDFC Term Insurance Plans

Every plan currently being sold by HDFC Term Insurance, shown side-by-side so you can shortlist quickly.

HDFC Quick Protect

HDFC Life Quick Protect is a comprehensive term insurance plan offering coverage against death, disease, and disability. It provid... Read More

Unique Features

  • High Sum Insured
  • 19 Critical Illness Cover
  • Accidental Death Benefit
Sum AssuredEntry Age - 18 years
Entry AgeMax Entry Age - 50 years
View plan

HDFC Term With Return Of Premium

The HDFC Term with Return of Premium Plan offers life insurance coverage where all base premiums are returned at policy maturity, ... Read More

Unique Features

  • Death Benefit
  • Reduced Paid Up Benefit
  • Discount On Large Sum Assured
Sum AssuredEntry Age: 18 Years
Entry AgeMax Entry Age: 50 years
View plan

HDFC Life Smart Term Pro

HDFC Life Smart Term Pro is a versatile term insurance plan designed for comprehensive life coverage and financial security. It of... Read More

Unique Features

  • Enhanced Protection Through Riders
  • Return of Premium
  • Surrender and Maturity Benefit
Sum AssuredEntry Age - 30 Days
Entry AgeMax Entry Age - 60 years
View plan

HDFC Life Smart Term Edge

HDFC Life Smart Term Edge is a comprehensive term protection plan offering flexible options like Classic, Step-Up, and Comprehensi... Read More

Unique Features

  • Reduced Paid Up Benefit
  • Death Benefit
  • Surrender Benefit
Sum AssuredEntry Age - 18 Years
Entry AgeMax Entry Age - 60 years
View plan

HDFC Life Click 2 Protect 3D Plus

The HDFC Click 2 Protect 3D Plus Term Plan provides 3-in-1 protection against death, disability, and critical illness, ensuring fi... Read More

Unique Features

  • 9 Plan Options
  • Whole life coverage
  • Rider benefits
Sum AssuredEntry Age -18 Years
Entry AgeMax Entry Age - 65 years
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HDFC Life Sanchay Legacy

HDFC Life Sanchay Legacy is a comprehensive term plan offering whole life coverage with an increasing death benefit and early retu... Read More

Unique Features

  • Increasing death benefit
  • Life cover with no medical test
  • Accelerated death benefit
Sum AssuredMinimum Entry Age: 40 years
Entry AgeMaximum Entry Age: 75 years
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HDFC Life Click 2 Protect Elite

HDFC Life Click 2 Protect Elite is a term insurance plan offering very high life cover, starting from ₹2 crores, with flexible p... Read More

Unique Features

  • Smart Exit Benefit
  • Free-look period
  • Policy revival
Sum AssuredEntry age - 18 years
Entry AgeMax entry age - 45 years
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HDFC Life Saral Jeevan Bima

HDFC Life Saral Jeevan Bima is a simple, transparent, and affordable non-linked, non-participating term plan, ideal for first-time... Read More

Unique Features

  • Flexible premiums
  • Additional riders
  • Financial protection
Sum AssuredEntry Age - 30 Days
Entry AgeMax Entry Age - 65 Years
View plan

HDFC Click 2 Protect Supreme

HDFC Life Click 2 Protect Supreme is a pure term insurance plan designed to secure a family's finances, offering three plan option... Read More

Unique Features

  • Choice of Plan Options
  • Return of Premium Option
  • Increasing Death Benefits
Sum AssuredEntry age - 18 years
Entry AgeMax entry age - 84 years
View plan

HDFC Life Click 2 Protect Ultimate

HDFC Life Click 2 Protect Ultimate is a term insurance plan providing high life cover with 100% claim assurance. It includes a ter... Read More

Unique Features

  • High Life Cover
  • Terminal Illness
  • Return of Premium Benefit
Sum AssuredEntry Age: 18 Years
Entry AgeMax Entry Age: 50 Years
View plan

HDFC Click to Protect Supreme Plus

HDFC Click 2 Protect Supreme Plus is a flexible term insurance plan providing comprehensive long-term family protection. It offers... Read More

Unique Features

  • 3 plan options
  • wellness benefits
  • survival benefits
Sum AssuredEntry Age - 18 Years
Entry AgeMax Entry Age - 50 years
View plan

Term Insurance Articles

Quick Comparison with Other Insurers

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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