Affordable Protection Plans by SBI Life Insurance Company Limited

A joint venture between BNP Paribas Cardiff and India’s leading public sector bank – State Bank of India, SBI Life Insurance’s 74% stake is held by SBI while BNP holds the remaining 26% stake. The company offers low-cost protection plans that are specially designed for financially unstable people to help them face unforeseen events of life. SBI life insurance plans offer comprehensive protection to its customers so that they can enjoy their lives uninterruptedly.

SBI Life – Smart Shield is a non-participating pure traditional term plan, which offers comprehensive protection to the policyholder by providing the one-stop solution to meet all the major requirements. This SBI life plan is the most suitable one and specially designed for those who look forward to availing the best protection when it comes to finance. This affordable insurance plan is recommended for your family when you are no longer around to fulfill their basic needs.

Key features of the plan:

Builds a strong foundation of your family, thereby assuring them the secure future
Assured healthy lifestyle with regular rewards
A range of options that power you to get rid of your liabilities
Assured rebates on large sum
Tax benefits as per Income Tax Act of the prevailing norm
Rider options for additional coverage, viz. accidental death and permanent disability rider, critical illness rider and more
SBI Life – Saral Shield is a non-participating pure traditional term plan, which not only covers your family but also assures them proper security at an affordable cost. The plan is an assurance for the fulfillment of every dream of your family without failure.

Key features of the plan:

Quick and hassle-free plan purchase
Assured financial security
Multiple choices to get rid of your liabilities:
Level Term Assurance
Decreasing Term Assurance (Loan Protection/Family Income Protection)
Discounted premiums for women
Rebates on large sum assured
Tax benefits as per Income Tax Act of the prevailing norm
Rider options for additional coverage, viz. accidental death and permanent disability rider, critical illness rider and more
SBI Life – eShield is a non-linked, non-participating individual plan, which provides benefits and features that are custom tailored for people who seek assured protection in terms of finance while the cost of the plan remains reasonable.

Key features of the plan:

Affordable premium for security of your family
Quick and easy, secure online processing
Assured healthy lifestyle with regular rewards
Multiple choices of plans:
Level Cover
Increasing Cover
Option to choose accidental death benefit
Tax benefits as per Income Tax Act of the prevailing norm
SBI Life – Grameen Bima plan is targeted at the deprived section of the society and is available at affordable premiums rates. This plan pure term, individual micro-insurance plan is to power them face the difficult times of their lives. With this insurance plan purchased, the deprived section of the society and those who are economically vulnerable can tide over unfortunate events of their lives.

Key Plan Highlights:

Life insurance coverage offered is subject to the premium selected by the customer.
Policy acceptance is based only on health declarations by the customer.
Simple form-filling for registration