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

Sbi Term Insurance

✎ Edit

Icici 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)

₹ 950.71
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

99.34%%
Solvency Ratio

Solvency Ratio

1.96

Solvency Ratio

213.2%
Pan India Presence

Pan India Presence

1154

Pan India Presence

506
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

Terminal Illness Benefit, Income Benefit Rider, Waiver of Premium, Critical Illness Benefit, Permanent and Partial Disability Benefit, Accidental Death Benefit
Inception year

Inception year

2000

Inception year

2001
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

0.011
Average claim settlement time

Average claim settlement time

30 days

Average claim settlement time

30 Days
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ICICI Prudential Term Insurance Review 2026

ICICI Prudential Term Insurance Review 2026

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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
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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
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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
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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
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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 ICICI Term Insurance Plans

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

ICICI Pru Loan Protect Plus

The ICICI Life Loan Protect Plus Plan is a term insurance solution specifically designed to protect policyholders and their famili... Read More

Unique Features

  • Death Benefit Options
  • Flexible Policy Terms
  • Life Cover Options
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Pru Life Raksha

ICICI Pru Life Raksha is a pure protection term insurance plan designed to offer affordable financial security for families, provi... Read More

Unique Features

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Option
Sum AssuredMinimum entry age: 18 years
Entry AgeMaximum entry age: 60 years
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ICICI Life iShield Term

ICICI Life iShield is a dual-benefit term plan, offering both life and health insurance coverage in a single policy. It provides a... Read More

Unique Features

  • Combi Plan - Health & Life
  • Family Cover
  • Discounts for Non-Smokers
Sum AssuredMinimum Entry Age: 6 years
Entry AgeMaximum Entry Age: 65 years
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ICICI Life iCare II

The ICICI Life iCare II is a pure term insurance plan designed for affordable financial protection, especially beneficial for indi... Read More

Unique Features

  • Accidental Death Cover
  • Affordable Premiums
  • Tax Benefit on Premiums
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Life Loan Protect

The ICICI Pru Loan Protect Plan is a non-participating term insurance designed to secure borrowers against outstanding loan liabil... Read More

Unique Features

  • Protection against mortgage
  • protection against car loan
  • sum assured starts with ₹5 Lacs
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
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ICICI Pru iProtect Super Term

The ICICI Prudential iProtect Super Term Plan offers pure protection term insurance tailored for self-employed individuals and bus... Read More

Unique Features

  • Term Plan for Self-employed
  • Premium Break Option
  • Smart Exit Benefit
Sum AssuredMinimum entry age: 18 years
Entry AgeMaximum entry age: 55 years
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ICICI iProtect Smart Plus

ICICI iProtect Smart Plus is a comprehensive term insurance plan offering life cover up to 99 years, with optional protection agai... Read More

Unique Features

  • Choice of Plan Option
  • Premium Break
  • Insta Claim Payment
Sum AssuredEntry age: 18 years
Entry AgeMaximum entry age: 55 years
View plan

Term Insurance Articles

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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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