Bharti Axa Life Flexi Term Plan vs Sbi Smart Shield Plus Term Insurance Plan 2026 | PolicyX

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“A term plan- that protects against 15 major critical illnesses” Everyone loves a refund, don't you? What if we told you, you could get a refund on a term insurance plan if you outlive it? Yes, you heard it right. With the Bharti AXA Life Flexi term plan, you can get a refund once you outlive the policy tenure. The plan comes in 2 variants namely, with return of premium and without return of premium.

You can choose the protection level by choosing any benefit option and get protection for up to 99 85 years. Apart from this, the plan lets you cover your spouse under one policy under the without return of the premium option. You can choose a policy term as short as 1 year with the Bharti Axa Life Flexi term plan, and choose your own death benefit payout amongst; lump sum, monthly income, or lump sum plus monthly income. Let's dive into the details of the Bharti AXA term plan.

Bharti AXA Flexi term plan offers you a range of benefits including:

  • 2 Plan Options
  • Guaranteed death benefit
  • Hassle-free buying process
  • Tax benefits
  • Whole life cover
PLAN DETAILS

Bharti Axa Life Flexi Term Plan

Sbi Smart Shield Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Joint life cover
  • Increase your life cover
  • Protect against 15 critical illness
  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives
Plan Maturity age Maximum Maturity Age - 85 years Maximum maturity age- 100 years
Plan Sum Assured Base sum assured: 10 lakhs to 25 lakhs Base sum assured- Rs 25 lakhs to No limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 45 years
Plan Payment modes Annually, semi-annually quarterly & monthly Yearly
Plan Policy loan The policy loan is not available under Bandhan Life Saral Jeevan Bima Policy loan is not available
Plan Sample Premium Rs 567-/ per month Rs 645-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years, Maximum term - 20 years Minimum policy term- 5 years to 79 minus entry age
Claim Settlement Ratio (2024-25) 99.18% 98.83%
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Riders

Riders You Can Avail With SBI Life Smart Shield Plus Plan

You can choose the following riders with your SBI Life Smart Shield Plus Plan to enhance your plan coverage:

SBI Life Accident Benefit Rider

This rider offers additional benefits in case of the policyholder's uncertain death during the policy tenure.

Other Term Insurance Companies

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