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SBI Life Insurance plans cater to individuals aged from 18 years up to 65 years.

The company
offers customized plans for salaried, self-employed, professional and business persons. Some
key highlights of SBI Life Insurance Plans are:
Cover up to Rs 1 crore (at the rate of Rs 18 per day)
High claim settlement ratio
Three-way grievance redressal procedure
Top SBI Life Insurance Plans in 2016-17:

SBI Insurance Plan Type Entry Age Maximum Policy Term

Plans Maturity

SBI Life eShield Online Term Plan 18 60/65 years 70 years 5/10 30

SBI Life Smart Traditional 18 50/55/60 75 years 15/20/25

Money Planner Participating Money years years
Back Endowment

SBI Life Smart Traditional Joint Life 18 46 years 65 years 10 30 years

Humsafar Insurance Plan

SBI Life CSC Traditional Non- 18 55/60 years 70 years 10 / 15 years

Saral Sanchay Participating
Endowment Plan

SBI Life Smart Non-Participating Unit 18 45 years 65 years 10/ 15 30

Power Linked Insurance years

1. SBI Life eShield

SBI Life eShield is an individual, non-linked, non-participating pure term plan with customized
benefits for those who want the best financial protection at affordable rates. This plan also offers
security for the entire family at premiums that are affordable. It includes rewards for maintaining
a healthy lifestyle. Theres also an additional cover of Accidental Death Benefit and the minimum
age for enrolling in this policy is 18 years and maximum age at maturity is 70 years. This plan
proved really lucrative in 2015 and was one of the best choices amongst insurance seekers. The
minimum policy term is 5 years and maximum is 30 years. Also, the basic sum assured is Rs

2. SBI Life Smart Money Planner

SBI Life Smart Money Planner is a non-linked participating Endowment Plan with money back
facility. The main purpose of this money back plan is to provide maximum benefits in the form of
savings, income and insurance cover to you and your family. SBI Life Smart Money Planner
also offers the flexibility to choose from four plan options with different policy tenures and
premium payment modes. As a money back plan, SBI Life- Smart Money Planner pays out a
fixed amount of the sum assured annually throughout the benefit period. On maturity or on the
death of the life insured, the plan offers guaranteed sum assured along with additional bonuses.
The plan does not offer any additional rider option. In case of an emergency, the plan allows you
to obtain loan against your policy. The basic sum assured in this plan is Rs 1 lakh (minimum) and
offers life coverage up to the age of 75 years.

3. SBI Life Smart Humsafar

SBI Life Smart Humsafar is a unique plan of the company for married couples to complement
their efforts to achieve prosperity along with protection. It is a joint life non-linked participating
endowment plan. It offers multiple benefits of savings and insurance cover for both husband and
wife. SBI Life Smart Humsafar provides financial protection in the event of death of either or
both the lives of the insured. Theres a guaranteed minimum bonus for first 3 years at the rate of
2.50% of the basic sum assured. Another benefit is the premium waiver in case of death of any of
the lives assured for in force policies, and has option for additional rider benefit at affordable
price. The basic sum assured in this plan is Rs 1,00,000 and the minimum policy term is 10

4. SBI Life CSC Saral Sanchay

SBI Life CSC Saral Sanchay is a joint life, non-linked, participating endowment plan with
benefits of savings and life insurance cover. This plan helps policy seekers to save so as to
achieve their future goals and support their family in achieving those goals. SBI Life CSC Saral
Sanchay offers a guaranteed interest rate of 1.00% pa, which will be applicable throughout the
policy term. This plan is suitable for anyone between 18 and 60 years. It provides the option of
partial withdrawals and benefits on death of the life assured or on maturity of the policy.
5. SBI Life Smart Power
SBI Life Smart Power insurance plan is a simple, low premium product that caters to the
changing needs of the policyholder. This plan, launched in October 2015, comes with two options
level cover option and increasing cover option. It has two fund options Trigger Fund option
with an advantage of buying low and selling high, and Smart Funds that has the option to choose
from seven funds. The policy term in this plan are 10, 15 and 30 years and the minimum age
group to buy this plan is 18 years and maximum is 45 years with the maximum age of maturity
being 65 years.