SBI Term Insurance
- 2 lakh+ Happy Customers
- Flexible Policy Tenure
- High Sum Assured Rebates
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Updated on Apr 14, 2025 13 min read
SBI Life Insurance is one of the best life insurance companies, offering a range of life insurance products, including term plans, savings plans, child plans, ULIPs, retirement plans, etc. They are committed to offering the best experiences and services to its customers.
SBI Term Plans offer financial coverage to your dependents in case of your unfortunate demise during the policy tenure. SBI term insurance plans come in different variations to meet the unique needs of every customer. These plans come with a range of features, including flexible policy tenure, choice of premium payment, better half protection, whole life coverage option, etc. Term plans by SBI can be bought online from the comfort of your home. You can choose a high sum assured for your family at nominal premiums and get high sum assured discounts too.
What are some of the
Benefits
that set them apart?
Affordable premiums,
A wide range of plans to choose from,
Financial protection for your loved ones,
Choice of sum assured,
Choice of payment frequency,
Tax benefits as per applicable laws,
Varied plan options, etc.
Choice of policy tenure and premium tenure,
SBI Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by SBI Term Insurance.
| Plan | Entry Age | Tenure | Min. Sum Assured | Unique Features |
|---|---|---|---|---|
| SBI Life Saral Swadhan Plus Plan Plan | Minimum Age - 18 years Maximum Age - 55 years | Yearly | ₹30K |
|
| SBI Saral Jeevan Bima Plan | Minimum Age - 18 years Maximum Age - 60 years | Single, Yearly, Half-Yearly, and Monthly | ₹5L |
|
| SBI Life Smart Swadhan Plus Plan | Minimum Age - 18 years Maximum Age - 65 years | Single, Yearly, Quarterly, Half-Yearly, and Monthly | ₹5L |
|
| SBI Life Poorna Suraksha Plan | Minimum Age - 18 years Maximum Age - 65 years | Yearly, Half-Yearly, and Monthly | ₹20L |
|
| SBI Life Grameen Bima Yojana Plan | Minimum Age - 18 years Maximum Age - 50 years | One time payment at policy inception | ₹10 K |
|
| SBI eShield Next Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Single, Yearly, Half-Yearly, and Monthly | ₹50L |
|
| SBI Life eShield Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Yearly, Half-yearly, Quarterly & Monthly | ₹35L |
|
| SBI Life Smart Shield Plan | Minimum Age - 18 years Maximum Age - 60 years | Half-Yearly, Quarterly, and Monthly | ₹25L |
|
| SBI Life Saral Swadhan Supreme Plan | Minimum Age - 18 years Maximum Age - 60 years | Yearly, Half-Yearly and Monthly | ₹25L |
|
| SBI Smart Swadhan Supreme Plan | Minimum Age - 18 years Maximum Age - 60 years | Yearly, Half-Yearly, and Monthly | ₹25L |
|
| SBI Life Arogya Shield Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Yearly and Monthly | ₹20L |
|
| SBI Life Sampoorna Suraksha Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Half Yearly, Quarterly, and Monthly | ₹10L |
|
Here is a quick overview of the SBI Term Insurance Plans listed in the above table.
SBI Life - Saral Swadhan Plus is an individual, non-linked, non-participating, pure protection plan that comes with a return Life Insurance Savings Product with a return of premium feature. This product gives you a fixed life cover throughout the policy term.
SBI Saral Swadhan Plus is an individual, non-linked, non-participating, life insurance plan that gives you a fixed life cover throughout the policy te...
Unique Features
Security for your loved ones is available with the SBI Life Saral Jeevan Bima Plan at a reasonable cost. It is a straightforward policy that offers th...
Unique Features
SBI Term Insurance company offers a comprehensive term insurance plan called SBI Life Smart Swadhan Plus policy, which aims at fulfilling the future f...
Unique Features
SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness co...
Unique Features
According to IRDAI, a medical examination test is necessary for purchasing any Yojana. However, sometimes, a delay in a report or minor health issues ...
Unique Features
SBI Life eShield Next, launched by SBI Life is a new age term insurance plan that enables you to take care of your current requirements and your chang...
Unique Features
We can never know about what the future holds for us. And when you've the responsibility of supporting the family on your shoulders, then it becomes v...
Unique Features
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...
Unique Features
"A plan which returns all the paid premiums back upon completion of the policy term" Several term insurance plans provide insurance coverage for the p...
Unique Features
Usually, a term plan provides financial security to your loved ones in return for the premium you have paid during the policy term. But once in a whil...
Unique Features
SBI Life Arogya Shield is a health-plus life combination plan from SBI General Insurance and SBI Life Insurance that offers health and pure term life ...
Unique Features
In an unpredictable world safeguarding yourself and your family's future against any serious disease or forbidden threat of critical illness, such as ...
Unique Features
| Name of the Rider | Benefits |
| SBI Life Accidental Death Benefit Rider | An accidental death benefit rider provides an additional sum assured if the policyholder dies within 120 days due to an accident. |
| SBI Life Accidental Total and Permanent Disability Rider | The accidental total and permanent disability rider offers the rider sum assured if the policyholder suffers from total and permanent disability due to an accident. |
SBI Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose SBI Term Insurance Plans:
SBI term insurance plans offer death benefits to the nominee in case of the policyholder’s demise during the policy term. The death benefit offered by SBI term insurance plans can be used by the nominee for various purposes, such as paying for liabilities, child education, and marriage.
SBI term insurance plans provide multiple options to customers to choose coverage as per their requirements. There are various coverage options available, including Rs 25 lakhs, Rs 50 lakhs, Rs 1 crore, and even more.
SBI term insurance plans offer large coverage at affordable premiums so that every individual can secure their family financially in tough times. The premiums for 1 crore SBI term policy starts at just Rs 752/- per month.
Riders enhance the coverage of term insurance plans. SBI term insurance offers a range of rider benefits for policyholders to choose from, including an accidental death benefit rider, a total and permanent disability rider, etc.
SBI Life Insurance has one of the largest branch networks of 1086 branches across India. The customers can avail support by visiting any of their branch offices.
Claim Settlement Ratio is the metric that helps measure the number of claims settled in one financial year. SBI Life Insurance has one of the highest claim settlement ratios of 98.25%, which is almost the best in the market.
SBI life term insurance plans offer various additional benefits to the policyholders.
The policyholders have the flexibility to choose the policy tenure with SBI term plans that best aligns with their individual needs.
SBI term insurance policies offer discounts on choosing a high sum assured. You can choose a sum assured that best aligns with your needs.
You have the flexibility to choose a premium payment option of your choice with SBI term plans. There are various premium options available, including single premium, monthly, quarterly, or yearly installments.
Some SBI term plans allow you to cover your spouse under the same plan and save on the premium amount.
SBI term plans offer two premium break options to policyholders that allow them to skip their premium in case of tough times like job change, hospitalization, without negotiating with insurer. The coverage remains active during this tenure.
There are various SBI life-term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
These plans give the premium amount back to the policyholders only if they survive the policy term.
These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.
These plans offer inbuilt coverage against critical illnesses.
These plans offer inbuilt coverage against accident disability and death cover.
Here are the documents required to buy an SBI Life Term Insurance Plan:
Photo ID Proof (Any one) - Passport, Aadhaar card, PAN card, Driving license.
You can buy the SBI Term Insurance policy from Policyx.com or the SBI Term Insurance website.
Visit the official website of PolicyX.com.
Fill out the form at the top of the page with the required details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium term, investment amount and riders (if required) and then proceed for payment.
Visit the official website of SBI Life Insurance.
Navigate to the ‘Protection Plans’ section and choose the plan you want to buy.
Click on the ‘Buy Now’ option and enter the required details.
Choose your policy tenure, premium payment tenure, and sum assured.
Pay the premiums displayed on the payment screen.
If you have any more queries regarding SBI Term Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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