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SBI Life Insurance offers various life insurance plans to secure your financial future. If you're looking for a long-term protection plan, the SBI Life 15-year plan is an excellent choice. This plan provides comprehensive coverage, financial stability, and additional benefits tailored to your needs.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
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The SBI Life 15-Year Plan is a long-term life insurance policy that provides financial security and comprehensive coverage for a tenure of 15 years. It offers benefits such as life cover, maturity benefits (in select plans), tax savings under Section 80C and 10(10D), and flexible premium payment options. Policyholders can also enhance their coverage with riders like accidental death benefits and critical illness coverage. This plan is designed to ensure peace of mind by securing the future of your loved ones while also serving as a smart financial planning tool.
Term Plans
Long-Term Coverage: Provides life insurance protection for 15 years, ensuring financial security for your family.
Affordable Premiums: Life insurance plans offer flexible premium payment options that fit different budgets.
Maturity Benefits: Some SBI Life 15-year plans offer maturity benefits if the policyholder survives the tenure.
Tax Benefits: Eligible for tax deductions under Section 80C and tax-free payouts under Section 10(10D) of the Income Tax Act.
Flexible Payout Options: Lump sum or monthly payouts for better financial planning.
Additional Riders: Enhance coverage with add-ons like accidental death benefit, critical illness rider, and disability cover.
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With this plan, your loved ones receive a death benefit in case of an unfortunate event, ensuring they stay financially secure.
Some SBI Life 15-year plans offer maturity benefits, returning the sum assured or premium payments at the end of the term.
Depending on your financial preferences, choose from single, limited, or regular premium payment options.
SBI Life has a high claim settlement ratio, ensuring a hassle-free claim process for beneficiaries.
Enhance your coverage with additional riders like accidental death benefits, waiver of premium, and critical illness coverage.
| SBI Life Insurance Plans | Entry Age | Maturity Age |
| SBI Life Smart Shield Premier | 18 years | 85 years |
| SBI e-shield next | 18 years | 65 years |
You can buy SBI Life insurance plan online by following the below-mentioned steps:
Step 1: Visit Policybazaar and go to ‘SBI Life insurance’ plan
Step 2: Enter your name, gender, contact number, and date of birth
Step 3: Fill in your smoking habits, educational qualifications, occupation type, and annual income
Step 4: Select the most suitable SBI Policy and proceed to pay.
Step 5: Once the first premium is paid, SBI Life Insurance will verify your policy form and will issue your policy.
The SBI Life 15-year plan is an ideal life insurance policy for individuals seeking financial protection, tax benefits, and long-term security. Whether you’re securing your family’s future or planning for retirement, this plan offers multiple benefits that align with your financial goals. Compare different SBI Life plans today and choose the best one that suits your needs!
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
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
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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