SBI Life Smart Shield
- Two Plan options
- 30% Premium discount
- Tax benefits
I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
Apeksha Parsai has trained young minds about the benefits of health & term insurance throughout her 8+ years career. She designs, develops, and delivers impactful training programs for agents/brokers, and internal teams. Her expertise lies in insurance product knowledge, sales strategies, regulatory compliance, and customer service.
Updated on Apr 08, 2025 4 min read
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:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 80 years
Minimum term - 5 years Maximum term - 80 years
Basic Sum Assured: ₹25L to No Limit
The policy loan is not available under SBI Life Smart Shield Plan.
Half-Yearly, Quarterly, and Monthly
Let's understand how the SBI Life Smart Shield Plan works with a simple premium illustration.
Mr Irfan, a 30-year-old corporate manager, is looking for a term plan that offers high life cover at affordable premiums with a choice of two plan options.
His financial advisor advised him to buy the SBI Life Smart Shield Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Smart Shield Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,054/month | ₹12,648/year | 30 years | ₹3,79,440 | ₹1 Crore |
Key Takeaways: If Mr Irfan passes away during the policy term, a sum assured equal to ₹1 Crore will be paid to the nominee.
Here are the benefits associated with the SBI Life Smart Shield
On the death of the policyholder, the nominee receives the sum assured amount. In the case of increasing term assurance, the coverage grows at a rate of 5% each year from the start of the policy.
The plan offers special discounts on premium amounts to non-smokers.
The plan provides lifetime financial protection to the nominee of the insured person in case of his unfortunate demise. The plan offers financial coverage at a reasonable premium amount.
The plan offers 2 plan options as per your protection needs; you can choose from any one of the following options: level term assurance and increasing term assurance.
With this plan, customers have the option to customize their coverage by choosing from a wide range of additional benefits including accidental death benefit rider and accidental total and permanent disability benefit rider.
SBI eShield term insurance plan
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.
Here is the list of exclusions associated with the plan:
SBI Life Smart Shield is a pure risk term insurance product that offers you complete protection up to the age of 80. It is a one-stop solution that meets all your insurance needs. It offers three plan options, allowing policyholders to select the protection level.
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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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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