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SBI Saral Swadhan Plus Plan 2025
SBI Term Insurance
SBI Life Saral Swadhan Plus Plan
SBI Life - Saral Swadhan Plus is an individual, non-linked, non-partic ...Read More
🛡️ IRDAI Approved
⭐ 4.6/5 · 941 reviews
📊 1.96 solvency ratio
✅ 98.83%% claim settlement ratio
🌐 1154+ pan-India
About SBI Life Saral Swadhan Plus Plan
A quick read on what this SBI Term Insurance term plan covers and why it might be a fit for you.
SBI Saral Swadhan Plus is an individual, non-linked, non-participating life insurance plan that gives you a fixed life cover throughout the policy term, along with the guaranteed maturity benefit. The plan is designed to satisfy the insurance needs of the people who are interested in getting protection for their families at a nominal cost, with the added benefit of saving funds for their future goals.
SBI Saral Swadhan Plus offers you a range of benefits, including:
- Return of Premium Benefit
- Add-on Riders
- Tax Benefits As Per Laws
- Surrender Benefit
- Death Benefit
- Multiple Premium Payment Term Cover
Eligibility Criteria for SBI Life Saral Swadhan Plus Plan
Entry age
Minimum Age - 18 years Maximum Age - 55 years
Maturity age
Maximum Maturity Age - 70 years
Policy term
Minimum term - 10 years Maximum term - 15 years
Sum assured
Basic Sum Assured: ₹30K to ₹4.75L
Policy loan
The policy loan is not available under SBI Life Saral Swadhan+ Plan.
Payment Modes
Yearly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- Death Benefit
- Maturity Benefit
- Surrender Benefit
Cons
- No Policy Loan
- Suicide Clause
- Waiting Period
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
SBI Term Insurance
Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry Age -18 Years
Max Entry Age- 55 Years
Minimum Sum Assured - ₹30K
Maximum Maturity Age - 70 Yrs
Premium Payment Term - RP/LP
How Does SBI Saral Swadhan Supreme Work?
Let's understand how the SBI Saral Swadhan Supreme with a simple premium illustration.
Problem
Mrs. Deepika, a 40-year-old professor, wants to secure her husband's and young son's financial future with a plan that offers both life cover and maturity benefits.
Solution
Her financial advisor recommended SBI Life Saral Swadhan Supreme. She opted for a life cover of ₹50 lakh with coverage up to age 65.
Let us see a brief illustration of the SBI Saral Swadhan Supreme plan.
| Age | Policy Term | Total Premiums Paid | Sum Assured | Premium (Monthly) |
| 40 years | 25 years | ₹10,74,950 | ₹50 Lakh | ₹3,583 |
Key Takeaways: If Mrs. Deepika unfortunately passes away during the policy term, her family receives ₹50 lakh as a death benefit. If she survives the 25-year policy term, she gets back 100% of the premiums paid, amounting to ₹10,74,950.
Benefits of SBI Life Saral Swadhan Plus Plan
Here are the key benefits of the SBI Life Saral Swadhan Plus Plan.
Death Benefits
If the Life Assured passes away during the policy term, the nominee receives the highest of the Basic Sum Assured, 11 times the Annualized Premium, or 105% of Total Premiums Paid as a death benefit.
Maturity Benefits
If the Life Assured survives the policy term, 100% of the Total Premiums Paid is returned as a lump-sum maturity benefit, helping meet future financial goals.
Tax Benefits
You can avail of tax benefits on the premium paid for your policy under the Income Tax Act, of 1961. A tax rebate of a maximum of 1.5 lakhs is provided during a particular financial year.
What are the exclusions of SBI Life Saral Swadhan+ Plan?
Here is the list of exclusions associated with the plan:
- Death occurred due to a pandemic is not covered by the company.
- Death caused due to any type of adventure sports.
- Death by consumption of any type of drugs and alcohol.
- Death due to any pre-existing disease that isn't mentioned during the start of the policy.
- If a policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee.
Conclusion
SBI Life Saral Swadhan+ is a simple term insurance plan that offers dual protection with a life cover of up to 70 years and a return of premium option. The plan provides fixed life cover throughout the policy term, along with a guaranteed maturity benefit. If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
Conclusion
SBI Life Saral Swadhan+ is a simple term insurance plan that offers dual protection with a life cove
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SBI Life Saral Swadhan Plus Plan: FAQs
The 10 most-asked questions about SBI Life Saral Swadhan Plus Plan, answered.
Yes, with SBI Life Saral Swadhan+ you can surrender your policy. To surrender your policy, do note that the surrender value will be paid only if the premium has been paid for at least 2 consecutive years.
In such a case, the company provides a 30 days grace period from the premium due date where the mode of payment of premium is yearly, half-yearly, or quarterly and 15 days in case of monthly for the payment of each renewal premium. If the policyholder fails to make the premium payment before the expiry of the days of grace, then the policy will lapse.
SBI Life Saral Swadhan+ Policy does not provide any riders or add on benefits.
In case you cancel your Saral Swadhan+ policy within the free look period, SBI Life company will refund the premiums paid at the inception of the policy after making a few deductions of stamp duty and medical expenses fee occurred during the period.
No, the plan does not offer any discounts.
No, loans are not allowed under SBI Saral Swadhan+ policy.
SBI Life Saral Swadhan Plus is a non-linked term plan with return of premium, riders, tax benefits, offering guaranteed cover and maturity refund.
Saral Swadhan Plus is a non-linked term plan with ROP, returns 100% or 115% premiums, an optional accident rider, cover, and tax benefits.
The entry age for these plans lies between 18 and 55 years. The maximum maturity age is 70 years, and the policy term varies from 10 to 15 years.
You get a grace period of 30 days for yearly and 15 days for monthly. If still unpaid, the plan lapses and benefits stop unless reinstated later as per the terms.
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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