SBI Life Insurance has introduced Smart Shield Plus,a future-ready term plan designed to adapt to policyholders’ changing financial responsibilities. This non-linked, non-participating, pure risk life insurance product offers customizable coverage options with flexible death benefits and add-on riders.
Key Features of SBI Life Smart Shield Plus
1. Three Coverage Options
Level Cover: Fixed sum assured throughout the policy term
Increasing Cover: Sum assured increases by 5% yearly (up to 200% max)
Level Cover with Future Proofing: Increase coverage at key life stages (marriage, child’s birth) without medical tests
2. Flexible Death Benefit Payout
Lump-sum payment
Instalments (monthly/quarterly/yearly)
Combination of both
3. Optional Add-Ons
Better Half Benefit: Spouse gets ₹25L or 50% of sum assured
Accidental Death Benefit
Critical Illness Rider
4. Easy Purchase & Documentation
Available online & offline
Minimal paperwork
Who Should Buy This Plan?
Young professionals (future-proofing for life milestones)
Growing families (increasing coverage as responsibilities rise)
High-risk individuals (accident/critical illness riders available)
Exclusions: Suicide within 1 year of policy inception, pre-existing diseases (if undisclosed)
How to Apply?
Visit SBI Life’s website or branch
Choose your coverage type
Select add-ons (if needed)
Submit KYC documents (Aadhaar, PAN)
Pro Tip: Use the “Future Proofing” option if you anticipate major life changes.
Why Choose Smart Shield Plus?
Adapts to life stages without extra medical checks
Affordable premiums (from ~₹500/month for ₹50L cover)
Tax benefits under Section 80C & 10(10D)
Verdict: A strong choice for those seeking long-term, adjustable coverage with family protection benefits. Planning to buy? Compare premiums first! #SBILife #TermInsurance
