Level Cover

Increasing Cover

Features and Benefits of SBI Life- e-Shield

• SBI Life- e-Shield is an online plan which means you can buy this plan online and you do not need any documentation for this plan so the documentation charge is excluded.
• You can avail special rebate if the insured person is a female.
• You also avail some offers if you are applying for higher assured sum.
• Tax benefits under section 80C.
• You can choose rider plans which provide additional benefits.
• You can pay the premium regularly during the policy term or as a single consolidated premium.
• You can pay the premium either installment or annually.

Increasing Term Insurance

Level Term Insurance

Features and Benefits of SBI Life Smart Shield

• Policyholder will be given a tax rebate if he or she chooses a large sum assured.
• If you are a healthy person you will also get some rebate on your premium amount.
• The insured person is also eligible for tax benefit.
• If you choose the riders in your insurance policy your cover will be increased.
• You will also get the accidental death benefit in case the insured person died due to an accident.
• You also can add a rider which ensures comprehensive coverage if you got disability from an accident.
• You can pay the premium either regularly or single consolidated premium.
• If you haven’t pay the premium in a single consolidated installment then you can pay it via monthly, quarterly, half yearly or regularly.

Level Term Protection

Decreasing Term Insurance (Loan Protection)

Features & Benefits of SBI Life Saral Shield

• If you are opting this policy for a female family member you will get some special offers.
• You will also get some rebate if you apply for higher sum assured.
• You will also get tax benefits from income tax act.
• You also can choose riders to increase the comprehensiveness of the plan.
• SBI Life Insurance ensures with the help of riders that ensured will also get comprehensive coverage in case of a permanent disability from an accident.
• You can pay the premium either regularly or single consolidated premium.
• If you haven’t pay the premium in a single consolidated installment then you can pay it via monthly, quarterly, half yearly or regularly.

Features & Benefits of SBI Life Grameen Bima

• This plan is for lower income customer group.
• This plan is designed to fulfill the requirements of the rural popularity of the country.
• Customers have to give a lower premium amount according to their coverage.
• You do not have to pay any fee for medical test.
• Policyholder has to fill a complete registration form and provide a medical declaration
• The single payment option is only available in this case.
• Death benefit is provided so if any unfortunate incident happened the insured person’s nominee will receive the promise sum assured.

Features & Benefits of SBI Life – Poorna Suraksha

• If the insured person died during the tenure of policy 100% sum assured is given to the family.
• Also the partial payment of the assured sum can be happen if any critical illness mentioned included by SBI Life Insurance.
• Vast financial security from 36 critical illnesses that can be a huge burden on you.
• The premium amount will be lower if the insured get infected from any listed critical illness.
• Can increase the critical illness cover of up to 15% during the policy term.
• The premium amount won’t get high over the tenure of your policy.

Level Term Assurance

Increasing Term Assurance

Features & Benefits of SBI Life – eIncome Shield

• This plan makes sure that fixed supply of income stay as it is even after any unfortunate incident.
• You also can take the sum assured as a lump sum amount.
• Death benefits will be paid as monthly basis.
• If you choose the sum assured more than Rs. 1 cr. you will get 20% discount on your premium.
• You also can get discounts if you do not have any smoking habits.
• If the insured person is a female you also can avail discount on it.

Features & Benefits of SBI Life – Saral Swadhan+

• You will get the premium back if the insured person survived till the policy term.
• If you choose the policy for 10 years the 100% of premium will be returned.
• 115% premiums are back if you choose policy term more than 15 years.
• 100% of the sum assured if the insured person died.
• Simple process of enrollment
• Lowest premium amount starts from rs 1500 annually.