Canara Saral vs Smart Swadhan 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

Smart Swadhan Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Get Accidental Cover
  • Premium Discount for Female
  • Multiple Premium Paying Term
  • Return of Premium Feature
  • High Sum Assured Discount
  • Life Cover Up To 75 Years
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 75 years
Plan Sum Assured Basic Sum Assured: Rs. 5 Lakhs to Rs. 25 Lakhs Basic Sum Assured: ₹5L to No Limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Yearly, half-yearly & monthly Single, Yearly, Quarterly, Half-Yearly, and Monthly
Plan Policy loan The policy loan is not available under Canara HSBC Saral Jeevan Bima Plan. The policy loan is not available under SBI Life Smart Swadhan Plus Plan.
Plan Sample Premium Rs 508-/ per month Rs 540-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum term - 10 years Maximum term - 30 years
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 Associated with SBI Smart Swadhan Plus Plan

You can add the following riders to your SBI Smart Swadhan Plus Plan:

SBI Life Accidental Death Benefit Rider

Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.

SBI Life Accidental Total and Permanent Disability Rider

Accidental Total and Permanent Disability Riders cover the policyholder if any accident occurs that leads to the permanent disability of the policyholder.

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