SBI Life - Smart Shield

SBI LIFE - SMART SHIELD

"Blissful moments. Protected."
1. Plan options to provide relief from liabilities
2. Two rider options
3. Rewards for a healthy lifestyle
4. Discount on large sum assured

An Individual, Non-linked, Non participating, Life Insurance Pure Risk premium product

Have you planned for your family's financial requirements in case of an eventuality?

Now give them adequate protection to meet their financial needs. Apply for SBI Life - Smart Shield, An Individual, Non-linked, Non participating, Life Insurance Pure Risk premium product, and get peace of mind, knowing that your family is financially secured.

This term plan offers -
1. Security - providing financial protection for your family
2. Flexibility - choose from two plan options according to your needs
3. Affordability - through rider benefits at an affordable cost

Try our Benefit Illustrator below to see how affordable it is to safeguard your family's future.

HIGHLIGHTS
1. Traditional plan
2. Protection Plans
3. Term plan
4. SBI Life - Smart Shield
5. Increasing Term Assurance

Features & Advantages

Features
1. Protect your family's financial future against an eventuality
2. Pure term plan that offers two options - Level Term Assurance and Increasing Term Assurance
3. Get comprehensive coverage at an affordable cost with two rider options

Advantages
Security
1. Provide a solid foundation of financial security for your loved ones

Flexibility
1. Choose one of the two plan options that best suits your financial needs

Affordability
1. Enhance your coverage through two rider options at a nominal cost
a. SBI Life - Accidental Death Benefit Rider
b. SBI Life - Accidental Total and Permanent Disability Benefit Rider
2. Premium discounts for maintaining a healthy lifestyle
3. Discount on large sum assured

Avail tax benefits*

Plan Benefits

Death Benefit:
In case of the unfortunate demise of the life assured during the term of the policy, the nominee will receive the benefits, depending on the plan option chosen.
1. Level Term Assurance: Effective Sum Assured as on date of death will be level Sum Assured opted.
2. Increasing Term Assurance @ 5% Simple p.a.: Effective Sum Assured as on date of death will be Sum Assured increased at simple 5% per annum.
Maturity Benefit:
No Maturity benefit is available under this product.
Riders:
1. SBI Life - Accidental Death Benefit Rider
In case of death due to an accident, the Rider Sum Assured is payable in addition to normal death benefit.
2. SBI Life - Accidental Total and Permanent Disability Benefit Rider
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. For details on benefit, please refer the policy document.

Tax Benefits*:
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.

Who can buy?



^ All the references to age are age as on last birthday.

** For both the plan options, Level Term Assurance and Increasing Term Assurance

# For Monthly mode,upto 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card).

For Monthly Salary Saving Scheme (SSS),upto 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction.