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SBI Life Insurance offers a variety of life insurance plans tailored to meet different financial needs. If you are looking for an insurance policy that provides financial security and benefits, the SBI Life 12-Year Plan can be a great choice. Such plans ensure that your loved ones remain financially stable in your absence while also offering potential maturity benefits.
#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 12-Year Plan is a life insurance policy that offers coverage for 12 years. It provides multiple benefits, including life cover, tax savings, and flexible premium payment options. Policyholders can also enhance their coverage with riders, such as accidental death benefits and critical illness coverage. The plan is designed to serve as a financial protection tool and an investment option.
Term Plans
Affordable Premiums: Offers flexible premium payment options to fit different budgets.
Maturity Benefits: Some SBI Life 12-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: Choose between lump sum or monthly payouts for better financial planning.
Additional Riders for enhanced protection: Enhance coverage with add-ons like accidental death benefit, critical illness rider, and disability cover.
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Financial Security for Your Family
This plan ensures that your loved ones receive a death benefit in case of an unfortunate event, providing them with financial stability.
Maturity Benefits
Some SBI Life 12-year plans offer maturity benefits, where the policyholder can receive a lump sum payout at the end of the tenure.
Premium Payment Flexibility
Choose from single, limited, or regular premium payment options based on your financial preferences.
High Claim Settlement Ratio
SBI Life has a strong claim settlement ratio, ensuring a hassle-free claim process for your beneficiaries.
Customizable Plans with Riders
Enhance your plan 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 12-Year Plan offers financial protection, affordable premiums, and tax benefits, making it an ideal choice for medium-term life insurance coverage. Whether you seek to secure your family's future or save for a major financial goal, this plan provides a reliable solution. Compare different SBI Life Insurance Plans today and select the one that best fits your financial 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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