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SBI Life Insurance company offers a comprehensive range of life insurance plans that you can purchase for your whole life by paying an annual premium amount of Rs. 50,000 per year for 10 years. This way you can get a long-term life cover and secure your family in case of your unfortunate death. SBI Life insurance plans also provide you a chance to create corpus in the long run and plan your finances in a better way. Let us take a look at some of the SBI Life Insurance 50000 per year plans for 10 years that you can purchase online.
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Let us take a look at the benefits of purchasing an SBI life insurance of Rs. 50000 per year for 10 years
Limited premium payment term: Pay the premiums for only a limited period of 10 years and receive policy coverage for the whole life
Financial Security: The family of the policyholder will be financially secure in the event of the policyholder’s unfortunate death
Better Financial Planning: As you will have a better understanding of how much you need to invest in the SBI life insurance plan, you can manage your finances efficiently
Death benefit: The death benefit will be payable in case the policyholder dies within the policy term
Maturity Benefit: The maturity or survival benefits will be paid as per the policy’s T&Cs
Tax Benefits: You can avail of the tax benefits on the premiums paid and the benefits received as per the Income Tax Act of 1961.
Build Wealth: You can build wealth to fulfill your child’s dreams and aspirations by paying for their marriage or higher education
Term Plans
Here is the SBI Life Insurance 50,000 per year plan for 10 years policy term that you can avail for 6 Crore life cover in India:
| SBI Life insurance 50,000 per year plan for 10 years | Entry Age | Maturity Age | Annual Premium | |
| SBI Life eShield Next | 18 - 65 years | 85 years | Rs. 53,150 |
Note: The sample premiums rates mentioned above are for an 18-year-old non-smoker male. You can make use of a life insurance calculator to accurately estimate the premium rate applicable to your lifestyle.
This life insurance plan offers death benefits in case of the policyholder’s death during the policy term.
Benefits
Get inbuilt terminal illness with all the plan options
Choose from 3 plan options as per your requirements: level cover, increasing cover, and level with future-proofing benefit cover:
Add accidental death benefit rider or accidental total permanent disability rider to the base plan to enhance coverage
Choose for the death benefits to be paid in monthly installments, lump sum, or lump sum + monthly installments
Plan’s Better Half Benefit allows you to secure your spouse within the same plan
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Here is a list of some life insurance plans other than the SBI Life insurance 50,000 per year plan for 10 years that provide you with 6 crore life cover and similar benefits at comparable premiums:
| Name of the Insurer | Life Insurance Plans for Rs. 50000 for 10 years | Claim Settled Amount (cr) | Entry Age | Maximum Maturity Age | |
| Aditya Birla Sun Life Insurance Company Limited | ABSLI Income Suraksha Plan | 458 | 21-55 years | 70 years | |
| Aviva Life Insurance Company India Limited | Aviva Signature 3D Term Plan | 98 | 18-65 years | 80 years | |
| Bandhan Life Insurance Limited | Bandhan Life iTerm Prime | 86 | 18-65 years | 70 years | |
| Bajaj Allianz Life Insurance Company Limited | Bajaj Allianz eTouch | 603 | 18-55 years | 99 years | |
| Bharti Axa Life Insurance Company Limited | Flexi Term Pro | 148 | 18-65 years | 99 years | |
| Canara HSBC Life Insurance Company Limited | Canara Young Term Plan | 186 | 18-45 years | 99 years | |
| Edelweiss Life Insurance Company Limited | Edelweiss Life Zindagi Plus | 59 | 18-65 years | 80 years | |
| Future Generali India Life Insurance Company Limited | Future Generali India Term Insurance Plan | 33 | 18-60 years | 65 years | |
| HDFC Life Insurance Company Limited | HDFC Click 2 Protect Super | 1,389 | 18-65 years | 85 years | |
| ICICI Prudential Life Insurance Company Limited | ICICI iProtect Smart | 1,950 | 18-65 years | 99 years | |
| IndiaFirst Life Insurance Company Limited | IndiaFirst Life Elite Term Plan | 160 | 18-60 years | 99 years | |
| Kotak Mahindra Life Insurance Company Limited | Kotak e Term | 321 | 18-65 years | 85 years | |
| Life Insurance Corporation of India | LIC New Tech Term Plan | 18,398 | 18-65 years | 80 years | |
| Max Life Insurance Company Limited | Max Life Smart Total Elite Protection | 1,242 | 18-65 years | 85 years | |
| PNB MetLife India Insurance Company Limited | PNB MetLife Mera Term Plan Plus | 407 | 18-50 years | 80 years | |
| Pramerica Life Insurance Company Limited | Pramerica Life Rock Solid Plan | 30 | 18-65 years | 85 years | |
| SBI Life Insurance Company Limited | SBI eShield Next Plan | 1,676 | 18-65 years | 100 years | |
| Shriram Life Insurance Company Limited | Shriram Life Smart Protection Plan | 109 | 18-65 years | 75 years | |
| Star Union DAI-ICHI Life Insurance Company Limited | SUD Life Protect Shield Plus | 113 | 18-60 years | 80 years | |
| Tata AIA Life Insurance Company Limited | Tata AIA Sampoorna Raksha Promise | 776 | 18-65 years | 100 years |
*Disclaimer: The list of insurers mentioned are arranged according to the alphabetical order of the name of insurance company respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
This ICICI term insurance plan provides coverage against death, terminal illness, and disability.
Benefits
Get cover against women-specific cancers like breast and cervical cancers
Choose to receive the benefit as lump sum, as monthly income, or as a combination of both
Pay the premiums in single, limited, or regular policy tenure
Get tax benefits as per the prevailing tax laws
Lower premiums for non-smokers and female customers
Note: Know what is term life policy first and then buy a term plan for your loved ones.
Note: It is suggested to calculate the term plan premium on the term plan calculator online tool by Policybazaar before buying.
This HDFC term insurance plan offers coverage against 19 critical illnesses and the option of renewing the plan at the maturity of the policy.
Benefits
Choose from 3 cover options: Life, Life Plus, or Life Goal
Receive premiums back at the end of the policy term
Option to receive increasing death benefits upto 200 percent
Get a waiver of premiums on critical illness and total and permanent disability
Choose to receive terminal illness coverage till 80 years of age
The plan has an inbuilt terminal illness cover that pays the sum assured in advance on the diagnosis of a terminal illness
Benefits
Choose between regular or increasing life cover options
The accelerated critical illness benefit will offer a benefit amount on the diagnosis of any of the 40 critical illnesses
The company offers a premium break option where you can skip premium payment for a year every 10 years
Option to exit the plan early and receive all the premiums paid back at the termination of the policy
Choose to receive the premiums paid back at the end of the policy term
The plan offers an inbuilt accelerator benefit that pays 50% of the basic sum assured on the diagnosis of a terminal illness.
Benefits
You get the flexibility to choose policy and premium paying term
You can increase the sum assured through top-ups
Choose to receive income payouts at 55, 60, or 65 years onwards
Choose from 4 death benefit options: Life option, life plus option, life income option, and credit protect option
Increase life cover with changes in the life stages
This Bajaj Allianz term insurance offers large life cover at affordable premiums along with other benefits.
Benefits
The plan has an inbuilt terminal illness benefit and waiver of premium cover
You can choose to receive premiums back at the end of the policy
Option to add accidental death benefit payout rider to the base plan
Choose to exit the plan early and receive back all the premiums
Get tax benefits as per the prevailing tax laws
An SBI Life Insurance 50000 per year Plan for 10 years allows you to create a corpus by investing in the life insurance plan for just 10 years, secure your family against any eventuality, and save on taxes. You can purchase any of the plans mentioned above by comparing their premium rates, policy terms, sum assured, and benefits offered online.
Note: Check out the term insurance policy in India and choose one that suits your requirements.
Note: You should also check the benefits of term insurance if you are planning to purchase the term insurance plan.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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