Smart Shield Plan
vs
Sampoorna Raksha Promise
- Affordable Premiums
- Multiple plan options to choose from
- Flexible premium payment options
| PLAN DETAILS |
 Smart Shield Plan |
 Sampoorna Raksha Promise |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 80 years | Maximum maturity age- 100 years |
| Plan Sum Assured | Basic Sum Assured: ₹25L to No Limit | Base sum assured- Rs 25 lakhs to No limit |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 60 years | Minimum age- 18 years, Maximum age- 65 years |
| Plan Payment modes | Half-Yearly, Quarterly, and Monthly | Yearly, half-yearly, quarterly, and monthly |
| Plan Policy loan | The policy loan is not available under SBI Life Smart Shield Plan. | No policy loan is available under this plan. |
| Plan Sample Premium | Rs 532-/ per month | Rs 655/- per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 80 years | Minimum term - 1 year Maximum term - 84 years |
| Claim Settlement Ratio (2023-24) | 98.25 | 99.13 |
* 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.
As we grow older our responsibilities grow. Are you worried that your term plan might not be enough as your life will move forward? Fret not! SBI Life Smart Shield is a plan that grows as you grow. The plan offers an increased life cover as you age and comes in 2 plan options:
SBI Smart Shield is a new age term insurance plan that offers pure protection, increasing life cover, 2 rider benefits, and tax benefits. The minimum life cover that the plan offers is INR 25 lakhs and there is no upper limit on the max sum assured. You can buy the plan at a very young age when you are just 18 years old and till 60 years of age.
In addition to this, Smart Shield comes bearing numerous discounts such as rewards for maintaining good health, non- smoker discounts and high sum assured discounts as given below:
SBI Life Smart Shield Plan offers you a range of benefits including:
You can add the following riders to your SBI Life Smart Shield Plan:
Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Rider covers the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
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With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.
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