Canara Saral vs Sbi Smart Shield Plus Term Insurance Plan 2026 | PolicyX

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Canara HSBC Saral Jeevan Bima is an affordable term plan with flexible term, lump sum cover, and day 1 accidental death benefit. The design of this plan is best for buyers who are looking for simple and low-cost protection. The policy provides coverage from ₹5 lakh to ₹25 lakh with premium discounts for non-smokers and females.

The Saral Jeevan Term Plan by Canara HSBC also offers discounts for non-smokers and females.

Canara HSBC Saral Jeevan Bima Plan offers you a range of benefits including:

  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
  • Tax Benefits as per laws
  • Affordable Premiums
  • Get life cover till 70 years of age

 

PLAN DETAILS

Canara Saral

Sbi Smart Shield Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives
Plan Maturity age Maximum Maturity Age - 70 years Maximum maturity age- 100 years
Plan Sum Assured Basic Sum Assured: Rs. 5 Lakhs to Rs. 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 Yearly, half-yearly & monthly Yearly
Plan Policy loan The policy loan is not available under Canara HSBC Saral Jeevan Bima Plan. Policy loan is not available
Plan Sample Premium Rs 508-/ per month Rs 645-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum policy term- 5 years to 79 minus entry age
Claim Settlement Ratio (2024-25) 99.43% 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.

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