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Smart Term Plan Plus vs Sbi Smart Shield Plus

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Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various life stages. This plan protects your family financially in case something unfortunate happens to you. You have the flexibility to choose from 7 plan variants based on your future financial goals. This plan offers inbuilt terminal illness coverage and an option to enhance coverage with additional rider benefits. 

Axis Max Life Smart Term Plan offers you a range of benefits including:

why-choose
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

 

PLAN DETAILS

Smart Term Plan Plus


Sbi Smart Shield Plus

Premium Including GST
Key Features
(Key features of the plan)
  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover
  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives
Plan Maturity age Maximum maturity age- 100 years Maximum maturity age- 100 years
Plan Sum Assured Base sum assured- Rs 25 lakhs to No limit 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, quarterly, and monthly Yearly
Plan Policy loan Policy loan is not available Policy loan is not available
Plan Sample Premium Rs 586/- per month Rs 645-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum policy term- 5 years, Maximum policy term- 82 years Minimum policy term- 5 years to 79 minus entry age
Claim Settlement Ratio (2024-25) 99.65 98.83%

* 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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