SBI Saral Swadhan Plus is an individual, non-linked, non-participating life insu ...Read More
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. ...Read Less
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Updated on Mar 03, 2026 4 min read
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:

Minimum Age - 18 years Maximum Age - 55 years
Maximum Maturity Age - 70 years
Minimum term - 10 years Maximum term - 15 years
Basic Sum Assured: ₹30K to ₹4.75L
The policy loan is not available under SBI Life Saral Swadhan+ Plan.
Yearly
SBI Term Insurance
Here is the list of exclusions associated with the plan:
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.
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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.
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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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February 5, 2023
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