Family Income Protector Plus Plan vs Sbi Smart Shield Plus Term Insurance Plan 2026 | PolicyX

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A term plan that provides a regular monthly income after your demise.

If you support your family financially through your income, then undoubtedly, the comfort, happiness, and protection of your loved ones depend on you. But what if any mishap occurs to you? Such a scenario can strip your family of financial aid.

To ensure your family's income continues even after your demise, PNB MetLife Term Insurance has introduced the 'Family Income Protector Plus' plan. This unique non-linked term insurance plan protects your family from future uncertainties by providing a regular monthly income for up to 20 years. Additionally, if you outlive the policy term, the premiums paid will be returned to you.

The PNB MetLife Family Income Protector Plus plan offers a range of benefits, including:

  • Guaranteed Monthly Income
  • Choice of Plan Options
  • Return of Premium
  • Tax Benefits as per laws
  • Add-on Riders
  • Affordable Premiums
PLAN DETAILS

Family Income Protector Plus Plan

Sbi Smart Shield Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Monthly Income for 20 yrs
  • Return of premium
  • Tax benefits
  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives
Plan Maturity age Maximum Maturity Age - 75 years Maximum maturity age- 100 years
Plan Sum Assured Basic Sum Assured: ₹14L to ₹1.4Cr. Base sum assured- Rs 25 lakhs to No limit
Plan Entry Age Minimum Age - 25 years Maximum Age - 60 years Minimum Age - 18 years Maximum Age - 45 years
Plan Payment modes Annual, Semi-Annual, and Monthly Yearly
Plan Policy loan Policy loans are not available under the PNB MetLife Family Income Protector Plus plan. Policy loan is not available
Plan Sample Premium Rs 511-/ per month Rs 645-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum Term: 10 years, Maximum Term: 20 years Minimum policy term- 5 years to 79 minus entry age
Claim Settlement Ratio (2024-25) 99.57% 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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