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SBI Life Insurance 6-Year Plan: A Smart Investment for Your Future

SBI Life Insurance offers a variety of life insurance policies catering to different financial needs. While there isn't a specific "SBI Life Insurance 6-Year Plan," several plans provide premium payment options for six years, offering policyholders flexibility and financial security. 

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Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Why Choose an SBI Life 6-Year Plan?

A 6 year life insurance plan premium payment term balances affordability and long-term financial stability. Here's why it can be a smart choice:

  • Short-Term Commitment: Ideal for individuals who want a medium-term investment with guaranteed benefits.

  • Life Coverage: Offers protection for your family in any unforeseen circumstances.

  • Wealth Accumulation: Some plans provide maturity benefits, helping you build savings over time.

  • Flexible Payouts: Depending on the plan, you may receive regular income benefits or lump-sum payouts at maturity.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Best SBI Life Insurance Plans with a 6-Year Premium Payment Option

SBI Life Smart Shield Premier

SBI Life Smart Shield Premier is a pure-term insurance plan that offers high coverage at affordable premiums. It ensures financial protection for your loved ones in case of any unforeseen circumstances.

Key Features:

  • Flexible Coverage Options: Choose between Level Cover (fixed sum assured) or Increasing Cover (sum assured increases over time).

  • Tax Benefits: Enjoy tax benefits on premiums paid and claim amounts under Section 80C & 10(10D) of the Income Tax Act.

  • Affordable Premiums: Get a large cover at an economical price, making it an ideal choice for individuals looking for a cost-effective term plan.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

SBI Life e-Shield Next

SBI Life e-Shield Next is a customizable term insurance plan designed for individuals seeking flexible coverage that adapts to their changing life stages.

Key Features:

  • 3 Plan Options: Choose from Level Cover, Increasing Cover, or Level Cover with Future Proofing Benefit to ensure your insurance grows with your needs.

  • Critical Illness Rider: Add the Accelerated Critical Illness (ACI) Benefit to get coverage against life-threatening diseases.

  • Discounts for Non-Smokers & Women: Lower premiums for non-smokers and women policyholders.

Key Benefits of SBI Life's 6-Year Premium Payment Plans

  • Tax Benefits: Enjoy tax deductions under Section 80C and Section 10(10D) of the Income Tax Act.

  • Life Protection: All plans have a built-in life cover to safeguard your family’s future.

  • High Claim Settlement Ratio: SBI Life has a strong claim settlement ratio, ensuring a hassle-free claim process for your beneficiaries.

Life Insurer Piller

How to Buy SBI Life 6 Year Plan?

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.

Wrapping It Up

SBI Life Insurance 6-year term plan offers a perfect blend of affordability, security, and financial protection. Designed to provide pure life coverage, this plan ensures that your loved ones remain financially secure in case of any unforeseen event. With flexible premium payment options and comprehensive coverage, it caters to individuals seeking a short-term yet effective protection solution. 

Premium By Age

˜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

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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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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