SBI Life Smart Shield

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varun saxena
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varun saxena

Term & Life Insurance

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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Reviewed By:
Apeksha Parsai

Apeksha Parsai

Term & Health Insurance

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 Jul 23, 2025 4 min read

SBI Life Smart Shield

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:

  • Level term assurance
  • Increasing term assurance

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:

why-choose
  • Choice of Life Cover
  • Increasing or Level Cover
  • Tax Benefits As Per Laws
  • Discounts for Non-Smoker
  • Earn Rewards for Healthy Lifestyle
  • Multiple Premium Payment Term Cover

Eligibility Criteria for SBI Life Smart Shield

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 80 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 80 years

Maternity Benefit Rider

Sum assured

Basic Sum Assured: ₹25L to No Limit

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under SBI Life Smart Shield Plan.

Maternity Benefit Rider

Payment modes

Half-Yearly, Quarterly, and Monthly

Plan Options Offered By SBI Life Smart Shield Term Policy

Smart Shield plan has two different plan options that you can choose from. Let's have a look at both of them.

  1. Level Term Assurance

    Under the level term assurance, you will be covered with the same level of life cover throughout the policy term, so that your loved ones can maintain the standard of living that they currently enjoy. In level term assurance a fixed sum assured will be paid as a death benefit at your untimely demise.

  2. Increasing Term Assurance

    Under the increasing term assurance life cover, your life cover continuously increases as you age for a small amount of increased premium.

How Does SBI Life Smart Shield Plan Work?

Let's understand how the SBI Life Smart Shield Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

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.

Solution

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.

Benefits of SBI Life Smart Shield

Here are the benefits associated with the SBI Life Smart Shield

Maternity Benefit Rider

Death Benefit

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.

Maternity Benefit Rider

Non-Smoker Benefits

The plan offers special discounts on premium amounts to non-smokers.

Maternity Benefit Rider

Financial Coverage

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.

Maternity Benefit Rider

Two Plan Options

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.

Maternity Benefit Rider

Enhanced Protection
with Riders

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.

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Riders Associated with SBI Life Smart Shield Plan

You can add the following riders to your SBI Life Smart Shield Plan:

SBI Life Accidental Death Benefit Rider

Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.

SBI Life Accidental Total and Permanent Disability Rider

Accidental Total and Permanent Disability Rider covers the policyholder if any accident occurs that leads to the permanent disability of the policyholder.

Features of SBI Life Smart Shield

Rebates on High Sum Assured

One can avail of a rebate in case they opt for a higher sum assured amount under the plan.

Tax Benefits

All the premiums paid are eligible for tax deductions under the Income Tax Act as per sections 80C and 10 (10D).

Multiple Premium Payment Term

Flexible premium payment terms allow you to pay premiums at your convenience, such as single pay or regular pay options.

Exclusions of SBI Life Smart Shield 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 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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Explore other SBI Term Insurance

SBI Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with SBI Term Insurance plans. Below is the list of term plans offered by SBI Term.

SBI Life Saral Swadhan Plus Plan

SBI Life Saral Swadhan Plus Plan

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

  • Death benefit
  • Maturity Benefit
  • Survival benefit

SBI Life Saral Swadhan Plus Plan (Pros)

SBI Life Saral Swadhan Plus Plan
  • Death Benefit
  • Maturity Benefit
  • Surrender Benefit

SBI Life Saral Swadhan Plus Plan (Cons)

SBI Life Saral Swadhan Plus Plan
  • No Policy Loan
  • Suicide Clause
  • Waiting Period

SBI Life Saral Swadhan Plus Plan (Other Benefits)

SBI Life Saral Swadhan Plus Plan
  • Paid Up Value
  • Easy Enrolment
  • Value for Money

SBI Life Saral Swadhan Plus Plan (Eligibility Criteria)

SBI Life Saral Swadhan Plus Plan
  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Minimum Sum Assured - ₹30K
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/LP

SBI Saral Jeevan Bima

SBI Saral Jeevan Bima

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

  • Standard plan
  • Affordable premiums
  • Tax benefits

SBI Saral Jeevan Bima (Pros)

SBI Saral Jeevan Bima
  • Simple Term Plan
  • Affordable Premiums
  • Tax Benefits

SBI Saral Jeevan Bima (Cons)

SBI Saral Jeevan Bima
  • No Surrender Benefit
  • No Maturity Benefit
  • No Policy Loan

SBI Saral Jeevan Bima (Other Benefits)

SBI Saral Jeevan Bima
  • Instant Issuance
  • Life Cover Up To 70 Years
  • High Life Cover

SBI Saral Jeevan Bima (Eligibility Criteria)

SBI Saral Jeevan Bima
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/SP/LP

SBI Life Smart Swadhan Plus

SBI Life Smart Swadhan Plus

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

  • Return of Premium Feature
  • High Sum Assured Discount
  • Life Cover Up To 75 Years

SBI Life Smart Swadhan Plus (Pros)

SBI Life Smart Swadhan Plus
  • Choice of Plan Options
  • Multiple Premium Payment Term
  • High Sum Assured Discount

SBI Life Smart Swadhan Plus (Cons)

SBI Life Smart Swadhan Plus
  • No Surrender Benefit
  • Suicide Clause
  • No Policy Loan

SBI Life Smart Swadhan Plus (Other Benefits)

SBI Life Smart Swadhan Plus
  • Return of Premium Feature
  • Life Cover Benefit
  • Life Cover Up To 75 Years

SBI Life Smart Swadhan Plus (Eligibility Criteria)

SBI Life Smart Swadhan Plus
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP/SP/LP

SBI Life Poorna Suraksha

SBI Life Poorna Suraksha

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

  • Cover 36 Critical Illness
  • Avail Premium Waiver
  • Avail Fixed Premium

SBI Life Poorna Suraksha (Pros)

SBI Life Poorna Suraksha
  • In-built Premium Waiver
  • Critical Illness Cover
  • Life-Stage Rebalancing

SBI Life Poorna Suraksha (Cons)

SBI Life Poorna Suraksha
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI Life Poorna Suraksha (Other Benefits)

SBI Life Poorna Suraksha
  • Fixed Premium
  • High Life Cover
  • High Sum Assured Discounts

SBI Life Poorna Suraksha (Eligibility Criteria)

SBI Life Poorna Suraksha
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP

SBI Life Grameen Bima Yojana

SBI Life Grameen Bima Yojana

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

  • Instant Processing
  • Easy Enrollment
  • Single Premium

SBI Life Grameen Bima Yojana (Pros)

SBI Life Grameen Bima Yojana
  • Instant Processing
  • Easy Enrollment
  • Single Premium

SBI Life Grameen Bima Yojana (Cons)

SBI Life Grameen Bima Yojana
  • No Policy Loan
  • No Surrender Benefit
  • No Maturity Benefit

SBI Life Grameen Bima Yojana (Other Benefits)

SBI Life Grameen Bima Yojana
  • Death Benefit
  • Short Term Cover
  • Tax Benefit

SBI Life Grameen Bima Yojana (Eligibility Criteria)

SBI Life Grameen Bima Yojana
  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - ₹10 K
  • Maximum Maturity Age - 60 Yrs
  • Premium Payment Term - SP

SBI eShield Next Plan

SBI eShield Next Plan

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

  • Better Half Benefit
  • 3 Plan options
  • Terminal Illness Benefit

SBI eShield Next Plan (Pros)

SBI eShield Next Plan
  • Whole Life Cover
  • Terminal Illness Benefit
  • Choice of Plan Options

SBI eShield Next Plan (Cons)

SBI eShield Next Plan
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI eShield Next Plan (Other Benefits)

SBI eShield Next Plan
  • Increasing Cover Benefit
  • Future Proofing Benefit
  • Optional Riders

SBI eShield Next Plan (Eligibility Criteria)

SBI eShield Next Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹50L
  • Maximum Maturity Age - 100 Yrs
  • Premium Payment Term - RP/SP/LP

SBI Life eShield Plan

SBI Life eShield Plan

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

  • Choose your sum assured
  • Terminal illness cover
  • Non-smoker discounts

SBI Life eShield Plan (Pros)

SBI Life eShield Plan
  • Terminal Illness Benefit
  • Discounts for Non-Smoker
  • Level Cover

SBI Life eShield Plan (Cons)

SBI Life eShield Plan
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI Life eShield Plan (Other Benefits)

SBI Life eShield Plan
  • Choice of Life Cover
  • Medical Second Opinion Service
  • Tax Benefits

SBI Life eShield Plan (Eligibility Criteria)

SBI Life eShield Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹35L
  • Maximum Maturity Age - 80 Yrs
  • Premium Payment Term - RP

SBI Life Smart Shield

SBI Life Smart Shield

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

  • Two Plan options
  • 30% Premium discount
  • Tax benefits

SBI Life Smart Shield (Pros)

SBI Life Smart Shield
  • Choice of Plan Options
  • Online Discount
  • Earn Rewards for Healthy Lifestyle

SBI Life Smart Shield (Cons)

SBI Life Smart Shield
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI Life Smart Shield (Other Benefits)

SBI Life Smart Shield
  • High Sum Assured Discount
  • Optional Riders
  • Tax Benefits

SBI Life Smart Shield (Eligibility Criteria)

SBI Life Smart Shield
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 80 Yrs
  • Premium Payment Term - SP/RP

SBI Life Saral Swadhan Supreme

SBI Life Saral Swadhan Supreme

"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

  • Affordable plan
  • Return of premium option
  • Tax benefit

SBI Life Saral Swadhan Supreme (Pros)

SBI Life Saral Swadhan Supreme
  • Maturity Benefit
  • Add-on Riders
  • Tax Benefits

SBI Life Saral Swadhan Supreme (Cons)

SBI Life Saral Swadhan Supreme
  • Suicidal Clause
  • Waiting Period
  • No Policy Loan

SBI Life Saral Swadhan Supreme (Other Benefits)

SBI Life Saral Swadhan Supreme
  • Flexible Policy/ Premium Payment Term
  • Death Benefit
  • Surrender Benefit

SBI Life Saral Swadhan Supreme (Eligibility Criteria)

SBI Life Saral Swadhan Supreme
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP/RP

SBI Smart Swadhan Supreme

SBI Smart Swadhan Supreme

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

  • Maturity benefits
  • Flexible policy term
  • Tax benefits under section 80C

SBI Smart Swadhan Supreme (Pros)

SBI Smart Swadhan Supreme
  • Maturity benefits
  • Flexible policy term
  • Tax benefits under section 80C

SBI Smart Swadhan Supreme (Cons)

SBI Smart Swadhan Supreme
  • No Policy Loan
  • Suicidal Clause
  • Death Due to Adventure Sports

SBI Smart Swadhan Supreme (Other Benefits)

SBI Smart Swadhan Supreme
  • Get Maturity Benefit
  • Multiple Premium Payment Term
  • Life Cover Up To 75 years

SBI Smart Swadhan Supreme (Eligibility Criteria)

SBI Smart Swadhan Supreme
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP/LP

SBI Life Arogya Shield Plan

SBI Life Arogya Shield Plan

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

  • Combination Plan
  • Hospitalization Cover
  • Discount on Premiums

SBI Life Arogya Shield Plan (Pros)

SBI Life Arogya Shield Plan
  • Health Cover
  • Pure Term Life Cover
  • Cashless Claims

SBI Life Arogya Shield Plan (Cons)

SBI Life Arogya Shield Plan
  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

SBI Life Arogya Shield Plan (Other Benefits)

SBI Life Arogya Shield Plan
  • Large Sum Assured Discounts
  • Death Benefit
  • Hospitalization Cover

SBI Life Arogya Shield Plan (Eligibility Criteria)

SBI Life Arogya Shield Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/SP

SBI Life Sampoorna Suraksha Plan

SBI Life Sampoorna Suraksha Plan

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

  • Lump Sum Payouts
  • Sum Assured Reset Benefit
  • Waiver Of Premium Benefit

SBI Life Sampoorna Suraksha Plan (Pros)

SBI Life Sampoorna Suraksha Plan
  • Cover All Stages of Cancer
  • Staged Lump Sum Payouts
  • Reset Benefit

SBI Life Sampoorna Suraksha Plan (Cons)

SBI Life Sampoorna Suraksha Plan
  • No Policy Loan
  • No Surrender Benefit
  • No Maturity Benefit

SBI Life Sampoorna Suraksha Plan (Other Benefits)

SBI Life Sampoorna Suraksha Plan
  • Second Medical Opinion
  • In built Premium Waiver Benefit
  • Tax Benefits

SBI Life Sampoorna Suraksha Plan (Eligibility Criteria)

SBI Life Sampoorna Suraksha Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹10L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP

SBI Life Smart Shield Plan: FAQs

1. Does the SBI Life Smart Shield Plan provide maturity benefits?

No, SBI Life Smart Shield does not provide any maturity benefit

2. Can I avail loan facility on this plan?

No, a loan facility is not available under this plan.

3. How can I buy SBI Life Smart Shield Plan?

SBI Life insurance company does not provide an online buying option on SBI Life Smart Shield Plan. You can purchase this plan offline by visiting the nearest SBI Life branch.

4. What are the premium payment options for the SBI Life Smart Shield plan?

You can pay the premium of the SBI Life smart shield plan in a single payment, monthly, quarterly, half-yearly, or yearly installment.

5. How will the SBI Insurance Smart Shield plan be affected if the premium is not paid on time?

Your insurance will lapse If you don’t pay the policy premium within the grace period.

6. What plan options are available under the SBI Smart Shield plan?

SBI Smart Shield plan offers four types of plan option: Level term insurance Increasing term insurance

7. What is the minimum age to purchase SBI Life Smart Shield term plan?

The minimum age to purchase the SBI smart shield term plan is just 18 years of age.

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varun saxena

Written By: Varun Saxena

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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