SBI Life – Smart Shield is a traditional non-participating pure term plan, which is a one stop solution that meets all your insurance needs. With Options and benefits specially tailored for those who want best financial protection at an affordable cost, this is the perfect plan from your preferred insurance provider. Now your family stays protected, even when you are not around.

Key Features:

  • Establishes a solid foundation for a lifetime of financial security for your family at a significantly low cost.
  • Rewards you for maintaining a healthy lifestyle.
  • Wide variety of plan options to give you complete freedom from your liabilities.
  • Attractive Large Sum Assured rebates, substantially lowering your cost of insurance.
  • You can also customize your coverage by choosing from a wide range of additional benefits such as – Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider and Accelerated Critical Illness cover option.
  • Tax benefits as per prevailing norms under the Income Tax Act, 1961.

Product Snapshot:

Plan Options
Option I Level Term Assurance
Option II Increasing Term Assurance
Option III Decreasing Term Assurance(Loan Protection)
Option IV Decreasing Term Assurance(Family Income Protection)
Minimum Policy Term 5 years
Maximum Policy Term For Option I, II & IV – 30 years
For Option III – Equal to the outstanding loan term subject to maximum of 30 years
Minimum Premium Single Premium :- Rs. 15,000/-
Regular Premium:-
Yearly: Rs. 5,000/-
Half-Yearly: Rs.2,500/-
Quarterly:  Rs.1,250/-
Monthly: Rs. 450/-
Premium Mode Single/ Yearly / Half yearly / Quarterly / Monthly #
Minimum Entry Age 18 years
Maximum Entry Age 65 years
Maximum Maturity Age 70 years
Sum Assured
Minimum Sum Assured Rs. 25,00,000 (× Rs. 1,00,000)
Maximum Sum Assured No Limit
Riders Available
SBI Life – Accidental Death Benefit Rider (UIN: 111B015V01)
SBI Life-Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V01)
Options Available under the Product
Accelerated Critical Illness Benefit

* All the references to age are age as on last birthday.
#For convenience, monthly mode of premium, is payable only through Electronic Clearing System (ECS) or Standing Instructions.


  • Death Benefit: Depending on the plan option chosen, the nominee will receive the effective Sum Assured under this policy.
  • Maturity Benefit: No survival benefit available at the end of the term.

Other Benefits:


  • SBI Life – Accidental Death Benefit Rider (UIN: 111B015V01): In case of death due to an accident, the Rider Sum Assured is payable in addition to normal death benefit.
  • SBI Life – Accidental Total and Permanent Disability Benefit Rider(UIN: 111B016V01): The Rider Sum Assured will be paid on the Life Assured being  found eligible for the Total Permanent Disability Benefit as defined in the policy document.
  • Cover Option: You have the option to further enhance your Level Term Assurance and Increasing Term Assurance by opting for the Accelerated Critical Illness benefit.

This option is available with Level Term Assurance and Increasing Term Assurance benefit.

Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.


SBI Life – Smart Shield

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