SBI Life Insurance plans provide to people matured from 18 years up to 65 years. The company offers personalized plans for salaried, self-employed, professional and business individuals. Some key highlights of SBI Life Insurance Plans are:
- Cover to Rs 1 crore (at the rate of Rs 18 each day)
- High claim negotiation proportion
- Three-way grievance redressal treatment
- SBI Life Insurance Plans in India
| SBI Insurance Plans | Plan Type | Entry Age | Maximum Maturity Age | Policy Term |
| SBI Life – eShield | Online Term Plan | 18 – 60/65 years | 70 years | 5/10 – 30 years |
| SBI Life – Smart Money Planner | Traditional Participating Money Back Endowment Plan | 18 – 50/55/60 years | 75 years | 15/20/25 years |
| SBI Life – Smart Humsafar | Traditional Joint Life Insurance Plan | 18 – 46 years | 65 years | 10 – 30 years |
| SBI Life – CSC Saral Sanchay | Traditional Non-Participating Endowment Plan | 18 – 55/60 years | 70 years | 10 / 15 years |
| SBI Life – Smart Power | Non-Participating Unit Linked Insurance Plan | 18 – 45 years | 65 years | 10/ 15 – 30 years |
1. SBI Life - eShield
SBI Life - eShield plan is an individual, non-participating, non-linked pure call guarantee plan with personalized benefits for the people that want the best monetary security for their families at affordable prices. The plan also benefits the people preserving a healthy and balanced lifestyle. Besides that, there's also an extra Unintentional Fatality Benefit biker offered with the plan. The minimal entrance age for the plan is of 18 years; while, the maximum entrance age limit is of 70 years. The minimal plan tenure can be chosen as 5 years and the maximum limit increases to thirty years. The basic amount guaranteed offered in SBI eShield is of Rs 20,000.
2. SBI Life - Wise Money Coordinator
SBI Life - Wise Money Coordinator is a non-linked taking part Endowment Plan with cash back center. The main purpose of this cash back plan is to provide maximum benefits through savings, earnings and insurance cover to you and your family. SBI Life - Wise Money Coordinator also offers the versatility to choose from 4 plan options with various plan tenures and premium payment settings. As a cash back plan, SBI Life- Wise Money Coordinator pays out a fixed quantity of the amount guaranteed yearly throughout the benefit duration. On maturation or on the fatality of the life guaranteed, the plan offers ensured amount guaranteed together with additional rewards. The plan doesn't offer any additional biker option. In situation of an emergency situation, the plan allows you to obtain loan versus your plan. The basic amount guaranteed in this plan is Rs 1 lakh (minimal) and offers life coverage up to the age of 75 years.
3. SBI Life - Wise Humsafar
SBI Life - Wise Humsafar is a unique plan of the company for couples to complement their initiatives to accomplish success together with protection. It's a joint life non-linked taking part endowment plan. It offers several benefits of savings and insurance cover for both couple. SBI Life - Wise Humsafar provides monetary protection in case of fatality of either or both the lives of the guaranteed. There is an ensured minimal bonus for first 3 years at the rate of 2.50% of the basic amount guaranteed. Another benefit is the premium waiver in situation of fatality of any one of the lives guaranteed for in force plans, and has option for additional biker benefit at affordable price. The basic amount guaranteed in this plan is Rs 1,00,000 and the minimal plan call is ten years.
4. SBI Life - CSC Saral Sanchay
SBI Life - CSC Saral Sanchay is a joint life, non-linked, taking part endowment plan with benefits of savings and life insurance policy cover. This plan helps plan hunters to conserve so as to accomplish their future objectives and support their family in accomplishing those objectives. SBI Life - CSC Saral Sanchay offers an ensured rate of passion rate of 1.00% , which will be appropriate throughout the plan call. This plan appropriates for anybody in between 18 and 60 years. It provides the option of partial withdrawals and benefits on fatality of the life guaranteed or on maturation of the plan.
5. SBI Life - Wise Power
SBI Life - Wise Power insurance plan is a simple, reduced premium item that accommodates the changing needs of the policyholder. This plan, introduced in October 2015, comes with 2 options - degree cover option and enhancing cover option. It has 2 money options - Trigger Money option with a benefit of buying reduced and selling high, and Wise Funds that has the option to choose from 7 funds. The plan call in this plan are 10, 15 and thirty years and the minimal age to buy this plan is 18 years and maximum is 45 years with the maximum age of maturation being 65 years.