SBI Life 75 Lakh Term Insurance

SBI Life Insurance Company offers a variety of sum assured to fit the needs of people from all backgrounds. One such plan is the SBI 75 Lakh term insurance that allows people to ensure the financial stability of their loved ones in the event of their untimely death during the policy term. With these plans, you can secure a large life cover at affordable premiums.

51 Partners Insurance Partners

12.02 Crore Registered Consumer

5.9 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

What is SBI Life 75 Lakh Term Insurance?

SBI 75 lakh term insurance is a term insurance plan that offers a death benefit of Rs. 75 lakh to your nominee in the event of your unfortunate death during the policy term. Your family can use the benefit amount to take care of their financial needs and liabilities, like the child’s rent, loans, or other monthly expenses.

Note: Know what is term plan first and then buy a term plan for your loved ones.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

How Does SBI 75 Lakh Term Insurance Work?

Let's see how SBI Life 75 Lakh term insurance works with an example:

Suppose Priya, who is the sole earner in her family, supports her parents financially. Priya decides to secure her family's future by purchasing SBI Life 75 Lakh term insurance. Unfortunately, in the third year of the policy, Priya unexpectedly passes away. Upon her death, the insurance company will provide her family with the sum assured of 75 lakhs. With this financial support, Priya's family can manage their expenses and any outstanding debts during this difficult time.

Why Buy the SBI 75 Lakh Term Insurance Plan?

Here's why you might consider buying an SBI life 75 Lakh term insurance plan:

Large Cover at Low Cost: The SBI 75 lakh term insurance plan offers a large life cover at affordable premiums. You get financial protection for your loved ones without straining your budget.
Protection Against Various Risks: You can enhance your coverage by adding protection against critical illnesses, terminal illnesses, accidental death, total permanent disability due to accidents, and hospicare benefits. These additional features can be added to your SBI life insurance at reasonable extra costs.
Pay off Debts/Liabilities: In the unfortunate event of your demise, the payout from the policy can help your family settle outstanding loans such as home or car loans.

Note: It is suggested to calculate the term plan premium on the term policy calculator online tool by Policybazaar before buying.

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

What are the Benefits of Buying SBI Life 75 lakh term insurance?

Let us take a look at some of the benefits of buying SBI 75 lakh term insurance:

Affordable premiums: The premiums for an SBI term insurance are generally much more affordable than any other type of life insurance plan. The basic term plans in India start at just Rs. 473 per month.
Rider options: With term insurance plans, you can enhance the base coverage of your plans by adding the available riders, like critical and terminal illnesses, accidental death or disability riders, and hospicare riders, at nominal premiums.
Online Benefits: You can claim an online discount of 10% on term insurance plans and buy plans from the comfort of your home.
Payout Benefits: You can assess your family’s needs and select the most suitable payout options like monthly, increasing monthly, monthly+lump sum, or lump sum payout option.
Tax benefits: The government of India offers tax saving benefits on term insurance as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act, 1961.

Note: You should also check the term life insurance benefits if you are planning to purchase the term insurance plan.

Who Should Consider Buying SBI Life 75 Lakh Term Insurance?

Young individuals
Married couples
Parents with children
People with existing loans or debts
Self-employed individuals or business owners

How to Purchase SBI 75 Lakh Term Insurance in India?

Here is how you can buy SBI 75 lakh term insurance in India online:

Step 1: Go to Policybazaar's website and find the term insurance page

Step 2: Fill in your details like name, date of birth, phone number, and gender

Step 3: Click on "Check your Premium Now."

Step 4: Provide information about your education, income, smoking habits, and occupation.

Step 5: Choose the SBI 75 lakh term insurance plan that suits you best and proceed with the payment.

Note: Check out the best term life insurance in India and choose one that suits your requirements.

People also search for

What is Term Life Insurance

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

List of Term Insurance Companies

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month 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 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/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 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/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 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/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 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 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.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.