SBI Smart Shield Plus

SBI Life Smart Shield Plus Plan is one of the best term insurance plans that off ...Read More

Happy Customers

No Spam, No Gimmicks

Genuine, honest, and hassle-free

Buy Policy in just 2 mins

Personalised Insurance Advice

Advice that fits your life

Easy and Efficient

24*7 Claim Assistance

24/7 hassle-free claim support

Google Ratings (2500+)

11+ Years

IRDAI Approved

5M+

Quotes Generated

100K+

Happy Customers

PolicyX is one of India's leading digital insurance platform

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

GENDER

Google Ratings (2500+)

11+ Years

IRDAI Approved

5M+

Quotes Generated

100K+

Happy Customers

PolicyX is one of India's leading digital insurance platform

PolicyX Exclusive Benefits

No Spam

No Spam
No Gimmicks

Advice

Personalised
Insurance Advice

Support

24×7
Claim Assistance

Himanshu Kumar
Written By:
Himanshu

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

|
Reviewed By:
Bijendra Singh

Bijendra Singh

Term Insurance

Bijendra Singh with his 9 years of experience in the term insurance sector, has been instrumental in designing customer-centric sales programs. His passion towards innovation strives to achieve organizational objectives while driving sustainable growth in the competitive insurance landscape.

SBI Smart Shield Plus

SBI Life Smart Shield Plus Plan is one of the best term insurance plans that offer financial protection to your loved ones during the policy term. This plan offers the policyholders to choose from 3 plan options- Level Cover Benefit, Increasing Cover Benefit, and Level Cover with Future Proofing Benefit. You can choose coverage up to 100 years as per your requirement. 

SBI Smart Shield Plus Plan offers you a range of benefits, including:

why-choose
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

Eligibility Criteria for SBI Smart Shield Plus

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum maturity age- 100 years

Your Gender

Policy term

Minimum policy term- 5 years to 79 minus entry age , Maximum policy term- 30 to 79 minus entry age

Maternity Benefit Rider

Sum assured

Base sum assured- Rs 25 lakhs to No limit

Dr YSR Aarogyasri Trust

Policy loan

Policy loan is not available

Maternity Benefit Rider

Payment modes

Yearly, half-yearly, quarterly, and monthly

Plan Options Available With SBI Life Smart Shield Plus Plan

There are 3 plan options available that you can choose with your SBI Life Smart Shield Plus Plan:

Plan Options Benefits
Level Cover Benefit Under this plan option, the sum assured would remain constant throughout the policy term.
Increasing Cover Benefit With the Increasing CoverBenefit, your protection automatically increases, giving you enhanced security.
Level Coverwith Future Proofing Benefit This option ensures that your protection evolves with you, aligning your insurance cover with key milestones in life.

How Does SBI Life Smart Shield Plus Plan Work?

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

Why Buy Term Insurance Online?

Problem

Mr Sharma is looking for a term plan that offers whole-life coverage along with an inbuilt terminal illness cover to provide a safety net to his loved ones.

Solution

While surfing, he visited PolicyX.com and booked a free appointment with their expert advisor. The advisor suggested Mr Sharma buy the SBI Life Smart Shield Plus Plan.

Mr Sharma bought a level cover benefit variant of SBI Life Smart Shield Plus Plan. Let's understand how the plan works for him with a simple premium illustration table.

Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Sum assured
30 years Rs 1,25,928 70 years 12 years Rs 15,11,136 Rs 2 crore

Key Takeaways: 

(i)  In the case of Mr Sharma’s unfortunate demise before he turns 60, the death benefits worth Rs 2 crore will be paid to his nominee and the policy will lapse with effect. 

(ii) In the case of Mr Sharma’s unfortunate demise after he turns 60, the death benefits worth Rs 1 crore will be paid to his nominee and the policy will lapse with effect. 

Benefits of SBI Smart Shield Plus

Here are the benefits associated with the SBI Smart Shield Plus

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Riders You Can Avail With SBI Life Smart Shield Plus Plan

You can choose the following riders with your SBI Life Smart Shield Plus Plan to enhance your plan coverage:

SBI Life Accident Benefit Rider

This rider offers additional benefits in case of the policyholder's uncertain death during the policy tenure.

Features of SBI Smart Shield Plus

Choice of Plan Options

SBI Life Smart Shield Plus Plan offers policyholders to choose from 3 plan options including Level Cover Benefit, Increasing Cover Benefit, Level Cover with Future Proofing Benefit.

Lower Rates for Females Lives

This plan offers special premium prices for female policyholders to encourage mass adoption.

Tax Benefits

The policyholders can avail of tax benefits under the Section 80 (C) and Section 10 (10D) of the Income Tax Act, 1961. The maximum benefits you can avail is Rs 1.5 lakhs.

Optional Better Half Benefit

This option is designed to ensure that in your absence, a sufficient coverage is available for your spouse. This is essential because the surviving spouse will have the sole responsibilityofthe familyand hence needs to be insured. 

Exclusions of Axis Max Smart Term Plan Plus

Here is the list of exclusions associated with the plan:

  • All the policies sold through POS persons have a waiting period of 90 days. In case of the policyholder’s uncertain demise during the waiting period, no death benefits are paid. Only the premiums paid to date, excluding applicable GST, would be paid to the nominee of the policy.
  • No policy loan is available under this plan except ROP, Early ROP, and Whole Life variants of this plan.
  • Suicide will be covered after completing the first year of your policy tenure.

Conclusion

SBI Life Smart Shield Plan is designed keeping in mind the changing needs of customers. This plan provides coverage to customers till the age of 100 years. You have the flexibility to pay the premiums either as a single payment or in regular installments.

If you are still confused about whether SBI Life Smart Shield Plus is the right choice for you or not, you can contact us at PolicyX.com

We offer No Spam, No Gimmicks, and Only Expert Insurance Advice. So what are you waiting for? Book an appointment with us today.

Explore more about SBI Term Insurance Company

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 Smart Shield Plus Plan is one of the best term insurance plans that offer financial protection to your loved ones during the policy term. Thi...

Unique Features

  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives

SBI Smart Shield Plus (Pros)

SBI Smart Shield Plus
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value

SBI Smart Shield Plus (Cons)

SBI Smart Shield Plus
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

SBI Smart Shield Plus (Other Benefits)

SBI Smart Shield Plus
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

SBI Smart Shield Plus (Eligibility Criteria)

SBI Smart Shield Plus
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 25 lakhs
  • Max maturity age - 100 years
  • PPT - RP/SP/LP

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

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 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 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

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 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

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

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

"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

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 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

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

FAQs: SBI Smart Shield Plus

1. What are the benefits of SBI Smart Shield Plus?

There are various benefits of buying the SBI Smart Shield Plus plan including choice of plan option, flexible premium payment, whole life coverage, etc.

2. What is the maximum coverage period of Smart Shield Plus?

You can get maximum coverage up to 100 years of age or whole life.

3. How to buy SBI Smart Shield Plus Plan?

You can buy Smart Shield Plus Plan either from PolicyX.com or SBI’s website.

Other Term Insurance Companies

Share your Valuable Feedback

Rating Icon

0

Rated by 0 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings
Himanshu Kumar

Written By: Himanshu Kumar

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.